612 S 1st St Pensacola, FL 32507

Listing agency Scenic Sotheby's International Realty Show Phone

Listed by John Birdwell Show Phone

Added: Jul 13, 2025 Updated: Jul 22 at 2:14PM Checked: Jul 23 at 3:06AM

Report an Issue

MLS# 667648

Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

---

Investment Insights

Based on property information with market context.

Spinnaker Cove is a master-planned, gated waterfront development tract totaling 7+ acres along Bayou Grande. The offering is positioned for direct access to Pensacola Bay and includes access to 18+ community boat slips, along with the acquired Anne's Bayou featuring proposed walking trails.

The property is described as zoned for flexible mixed-use development. The materials indicate that zoning approvals, conditional use permits, and engineering studies are complete. Development potential described for the community includes condominiums, a rooftop restaurant, boutique hotel, co-working space, and a cafe.

Additional context provided by the seller notes the project’s proximity to NAS Pensacola and its placement within the Navy Boulevard revitalization corridor.

Key Highlights

• Spinnaker Cove waterfront development on 7+ acres along Bayou Grande
• Public water source available
• Direct access to Pensacola Bay with 18+ community boat slips

Property Analytics

Property Profile Location Intelligence

Similar For Sale Nearby

• 

  $1,500,000

  7,374 SF

  Turn-Key Bar Live Entertainment Venue

  Turn-key bar/live-entertainment venue on high-traffic Hwy 98.

  9722 U.S. 98, Pensacola, FL 32506

  View Details
• 

  $998,000

  11,989 SF

  Value-Add Commercial Property For Sale

  Two buildings on 1.25 acres, ideal for retail/industrial redevelopment.

  1620 W Cervantes St, Pensacola, FL 32501

  View Details
• 

  $2,767,631

  4,799 SF

  Double Drive-Thru Restaurant

  24-hour restaurant with double drive-thru and a successful operating history since 2004.

  6129 Mobile Hwy, Pensacola, FL 32526

  View Details
• 

  $1,299,000

  12,000 SF

  Freestanding HC/LI Flex Building

  Freestanding 12,000 SF building zoned HC/LI with an expansive 1.8-acre outdoor storage laydown yard.

  3670 North L Street, Pensacola, FL 32505

  View Details
• 

  $850,000

  3,600 SF

  Two-Unit Office Suite Building

  Two leased office suites totaling 3,600 SF in C-1 neighborhood commercial zoning near major healthcare and retail.

  4400 Bayou Boulevard Suites 27 & 28, Pensacola, FL 32504

  View Details
• 

  $1,295,000

  14,394 SF

  Mixed-Use Investment Opportunity

  Mixed-use property with retail and warehouse components in Pensacola, FL.

  1417 W Cervantes St, Pensacola, FL 32501

  View Details
• 

  $600,000

  2,220 SF

  Single-Unit Office Building

  Single-unit office building built in 1964 and zoned HC/LI in Pensacola.

  6002 Pernella Rd, Pensacola, FL 32504

  View Details
• 

  $1,400,000

  9,180 SF

  Adaptable Commercial Opportunity For Sale

  Versatile commercial property suitable for retail, office, or light industrial.

  1110 Gulf Beach Hwy, Pensacola, FL 32507

  View Details
• 

  $750,000

  14,000 SF

  Multi-Unit Self-Storage Facility

  109-unit self-storage facility on 0.85 acres with approximately 14,000 square feet zoned HDMU.

  7054 N Palafox St, Pensacola, FL 32503

  View Details
• 

  $1,200,000

  7,216 SF

  Industrial Land with Office Outbuildings

  2-acre industrial yard with three red iron outbuildings and a recently renovated 4,500 sq ft office.

  8701 N Palafox Street, Pensacola, FL 32534

  View Details
• 

  $799,000

  2,840 SF

  Free-Standing Building on 1.68 Acres

  2,840 SF building on 1.68 acres with redevelopment potential.

  3301 West Navy Boulevard, Pensacola, FL 32505

  View Details
• 

  $2,600,000

  4,996 SF

  Retail/Office Redevelopment Opportunity

  4,996 SF building suitable for retail or office redevelopment.

  6701 N Davis Hwy, Pensacola, FL 32504

  View Details

FAQs

What type of property is this?

Waterfront Land - Master-planned gated waterfront tract on Bayou Grande with direct access to Pensacola Bay and 18+ community boat slips.

Where is this waterfront land located?

The property is located at 612 S 1st St Pensacola, FL.

What is the asking price?

The asking price for this property is $8,200,000.

What are key features of this property?

This property features: Spinnaker Cove waterfront development on 7+ acres along Bayou Grande; Public water source available; Direct access to Pensacola Bay with 18+ community boat slips