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Waterfront Development Land Opportunity
For Sale
$8,200,000

612 S 1st Street, Pensacola, FL 32507

Gated waterfront land offers direct access to Pensacola Bay and community amenities including boat slips.

Days on Market388

Property Features for 612 S 1st Street

General Information

Standard status Active
Property subtype Land

Amenities

gated community
community boat slips
proposed walking trails
Listing Agency: Scenic Sotheby's International Realty
Listed By: John Birdwell
Source: Cthomeseekers
Added: Jul 12, 2025 Changed: Jul 26 Last Checked: Aug 2 at 3:07PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Scenic Sotheby's International Realty

Investment Insights

Based on property information with market context.

Spinnaker Cove is a master-planned, gated waterfront development opportunity spanning along Bayou Grande. The offering includes direct access to Pensacola Bay and front-row views of the area described in the marketing materials. Community amenities planned with the development include access to 18+ boat slips and the acquired Anne’s Bayou, with proposed walking trails.

The property is described as being minutes from NAS Pensacola and positioned within the Navy Boulevard revitalization corridor. The offering is zoned for flexible mixed-use development.

According to the public remarks, zoning approvals, conditional use permits, and engineering studies are complete, supporting a turnkey-ready development path. Proposed uses referenced in the remarks include condominiums, a rooftop restaurant, a boutique hotel, co-working space, and a café. Please contact the listing agent for an executive summary and/or access to due diligence documents.

Key Highlights

  • Master‑planned, gated waterfront community on 7+ acres along Bayou Grande with direct access to Pensacola Bay
  • 18+ community boat slips plus acquired Anne’s Bayou with proposed walking trails
  • Zoned for flexible mixed‑use to support waterfront estates, luxury townhomes, high‑density residential, and retail

Property Analytics

Current Use

Waterfront Land

Suggested Use

Top Pick Dental Office Auto Repair Shop Real Estate Agency Bakery Auto Parts Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

114
Businesses Nearby

Demographics for 32507, FL

31,215
Population
19,131
Households
1.6
Avg Household Size
44
Median Age
32%
College-Educated
91%
High-School Grad
27.9 sq mi
ZIP Area
1,119
Density / Sq Mi
$69,802
Median Household Income
$38,000
Median Earnings
$1,238
Median Rent
$267,100
Median Home Value
Rey
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Frequently Asked Questions

What type of property is this?
Waterfront Land - Gated waterfront land offers direct access to Pensacola Bay and community amenities including boat slips.
Where is this waterfront land located?
The property is located at 612 S 1st Street 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: Master‑planned, gated waterfront community on 7+ acres along Bayou Grande with direct access to Pensacola Bay; 18+ community boat slips plus acquired Anne’s Bayou with proposed walking trails; Zoned for flexible mixed‑use to support waterfront estates, luxury townhomes, high‑density residential, and retail
More about this property
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