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237 Sherman Ave, Panama City, FL, 32401

3beds
3baths
2,151sqft
$399,000
$185price/sqft
$2,998/moest. monthly cost
$119,920/yrincome needed

About This Home

Welcome to this spacious and energy-efficient home on a large 0.48-acre lot! Built in 2020 and lightly lived in, this 3-bed, 2-bath home offers over 2,100 sq ft of well-designed living space with accessibility in mind—including extra-wide doorways and hallways. Enjoy the wraparound porch with multiple covered patio areas, perfect for outdoor relaxation. Interior features include a cathedral ceiling in the master suite, French doors, noise-reducing insulation, and a luxurious master bath with walk-in shower, dual shower heads, and custom tile finishes. Other features: French door access to private master patio Multiple closets in master bedroom Large attic for additional storage Energy-efficient construction Detached barn/storage building Cinderblock structure included at no value Built post-Hurricane Michael to modern standards. No HOA. Quiet, spacious lot with room to expand or garden. Qualified buyers—schedule your showing today!

Getting Around

50
WalkingSomewhat Walkable
20
TransitMinimal Transit
40
BikeSomewhat Bikeable

Schools

2/10
Jinks Middle SchoolGrades 6-82.4 mi
4/10
Bay High SchoolGrades 9-122.0 mi

Construction

Condition

  • Year built: 2020

Type & Style

  • Home type: SingleFamily
  • Architectural style: Craftsman
  • Property subType: Single Family Residence

Interior

Bedroom

  • Level: First
  • Dimensions: 12 x 12

Bedroom

  • Level: First
  • Dimensions: 12 x 12

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Interior Area

  • Total structure area: 2,151
  • Total interior livable area: 2,151 sqft

Master Bedroom

  • Level: First
  • Dimensions: 22 x 18

Property

Details

  • Parcel number: 22413000000
  • Special condition: Listed As-Is

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 0.45 Acres
  • Lot size dimensions: 140 x 140

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneRelatively High
  • Lightning
    LightningRelatively High
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Tornado
Tsunami

FEMA Declared Disasters in Bay County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,017$24,204
Home Insurance *$271$3,252
Property Taxes $494$5,928
Electricity $216$2,597
Total$2,998$35,976
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$102,788/yr
40% on housing$89,940/yr
45% on housing$79,946/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.3%
13.3%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 6.0%
6.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$185This listing

vs Other Active Listings

Avg $/sqft

ZIP 32401$138
Bay County$242

vs Homes Sold Last Month

Median $/sqft

ZIP 32401$201
Bay County$205

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-11-21Listed for sale$399,000
2025-11-05Listing removed$399,000
2025-05-05Listed for sale$399,000

For Sale by Agent

AgentMelana Weems
BrokerageRealty Check Real Estate Services

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