This rare double-unit waterfront residence at The Cove presents an exceptional opportunity for both luxury living and investment potential. Originally Units 604 and 605, this expansive 2,701 sq. ft. bayfront residence was thoughtfully combined into one remarkable home. For buyers seeking flexibility, the property offers the unique possibility of being converted back into two separate condominium units, creating the potential for increased rental income, resale opportunities, or multigenerational living. Framed by sweeping views of St. Andrews Bay and Shell Island, this mid-century-inspired residence features full-height sliders spanning the length of the home, opening to two spacious balconies and creating a seamless connection to the waterfront. Automated hurricane shutters and remote-controlled sunshades provide comfort, convenience, and peace of mind. Recent updates include refreshed parquet flooring, designer lighting, and freshly painted interiors. The chef's kitchen is equipped with a Wolf cooktop, Maytag oven, and built-in JennAir microwave. Three private bedroom suites each feature their own full bath, while the owner's suite offers balcony access, panoramic bay views, and dual custom walk-in closets. A bayfront office with built-ins creates an inspiring workspace overlooking the water. Additional highlights include two recently replaced HVAC systems, two private storage units, and two dedicated parking spaces conveniently located near the elevator. Residents enjoy access to The Cove's waterfront pool, clubhouse, and private dock, all just minutes from Historic Downtown Panama City's thriving arts, dining, and entertainment district. This is a truly rare opportunity to own one of the largest and most distinctive waterfront residences in the area while also benefiting from the flexibility and value of what was originally two separate condominium units. Whether you're looking for an exceptional primary residence, second home, or investment opportunity, this property offers possibilities that are difficult to find on the Gulf Coast.
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Around this home
Schools
K - 12
Preschool & daycare
Merriam Cherry Street Elementary School
Public PreK-5 • Assigned • 0.7mi
2/10
Jinks Middle School
Public 6-8 • Assigned • 1.8mi
3/10
Bay High School
Public 9-12 • Assigned • 1.8mi
3/10
Provided by GreatSchools
About Bunkers
Cove
Bunkers Cove, located between St. Andrews Bay and Downtown Panama City, is a waterfront and residential Panama City neighborhood with bay breezes and a working-marina feel. The neighborhood’s character concentrates around the Beck Avenue corridor near the waterfront, where boat ramps, bait-and-tackle counters, and low-key local eateries set the daily rhythm. Modest Florida cottages and mid-century homes sit on leafy blocks that slope toward the water. Shoreline views and pelican flyovers shape morning walks and sunset drives. Community life often orbits the docks and nearby parks rather than big retail strips.
Provided by Walk Score and Local Logic
Offer insights
100 Cherry St #604 · $399,000
$397K and above
75% chance or better to win
Why $397K+ is a strong offer
DAYS ON MARKET
280 days
The average home goes pending in 149 days.
SALE-TO-LIST
94.1%
Most homes are selling 6% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Double vanity
Tub and shower
Walk-in closet
Bedrooms
Bedroom on the first floor
Primary bedroom
Bathrooms
3 full bathrooms
Kitchen
Convection oven
Electric cooktop
Electric oven
Heating & cooling
Central heating
Central air conditioning
Multiple cooling units
Exterior features
Balcony
Dock
Pool house
Bay-front waterfront with seawall
Water view
Paved lot
Home design
7 stories
Entry on the sixth level
Parking
Additional parking
Paved parking
Parking lot
Security
Carbon monoxide detectors
Fire alarm
Smoke detectors
Construction
Concrete construction
Clay roof
Utilities
Electric water heater
Cable connected
Phone connected
Public sewer
HOA & community
Quarterly association fee
Association fee includes clubhouse, grounds and building maintenance, pool, recreation facilities, and trash
Association amenities include a dock, picnic area, and storage
Community features include a conference/meeting room, dock, elevator, park, pool, storage facilities, and waterfront
Electricity and solar
View estimated energy costs and solar savings for this home
The purpose of this zoning district is to provide for the efficient use of land by allowing medium-density residential development and neighborhood commercial uses within the same vicinity.
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
5 days above 105° expected this year, 15 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Panama City, FL • 32401
Average low and high temperatures (°F)
61
42
68
51
73
56
79
62
82
70
88
76
90
78
88
76
88
71
80
63
75
57
66
48
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
94/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 26% for direct sun exposure in Panama City. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.1 hrs
6.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 100 Cherry St #604
There isn’t enough information to generate an accurate estimate at this time. Learn More