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    1st S St, Unit 612 Pensacola, FL 32505

    For Sale
    $8,200,000

    Master-planned community with mixed-use potential near Pensacola Bay.

    Lot size:
    7.00 Acres

    Property Features for 1st S St

    General Information

    Lot size
    7.00 Acres

    Source: Scenic Sotheby's International Realty Agent Wesley Madden

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Coastal Development Opportunity

    Spinnaker Cove is a master-planned, gated community spanning over 7 acres along Bayou Grande, offering direct access to Pensacola Bay and views of the Blue Angels. The property features access to over 18 community boat slips and the acquired Anne’s Bayou with proposed walking trails. This luxury enclave is located minutes from NAS Pensacola and the future sand replenishment project at White Island. Zoned for flexible mixed-use, this property is suitable for waterfront estates, luxury townhomes, high-density residential, and retail. Development potential includes condominiums, a rooftop restaurant, a boutique hotel, co-working space, and a café. All zoning approvals, conditional use permits, and engineering studies are complete. The property is positioned within the Navy Boulevard revitalization corridor, with demand supported by a strong military and vacation rental market. The listing consists of 34 parcels.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.2409905
    Latitude
    30.4112432

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    FAQs

    What type of property is this?
    Land - Master-planned community with mixed-use potential near Pensacola Bay.
    Where is this land located?
    The property is located at 1st S St, Unit 612 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: - Turnkey-ready investment opportunity with zoning approvals, permits, and engineering studies complete.; - Direct access to Pensacola Bay and front-row views of the Blue Angels within a gated community.; - Flexible mixed-use zoning allows for waterfront estates, luxury townhomes, high-density residential, and retail development.
    (850) 830-7995
    Request Owner's contact information
    1st S St, Unit 612 Pensacola, FL 32505
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    Pensacola, FL 32505
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1st S St, Unit 612 Pensacola, FL 32505
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