612 S 1st St Pensacola, FL 32507

Spinnaker Cove is a master-planned, gated waterfront community land offering spanning 7+ acres along Bayou Grande in Pensacola. The development concept includes direct access to Pensacola Bay and front-row bay views referenced in the offering. The plan provides access to 18+ community boat slips and includes an acquired Anne's Bayou area with proposed walking trails. The site is described as positioned for a flexible mixed-use program.

According to the public remarks, the community is minutes from NAS Pensacola, and it sits within the Navy Boulevard revitalization corridor. The offering notes proximity to White Island’s future sand replenishment project and frames the location around the combination of military presence and vacation rental activity.

This property is presented as turnkey-ready for development, with zoning approvals, conditional use permits, and engineering studies completed, per the listing. The stated development options include waterfront estates, luxury townhomes, high-density residential, and retail, along with potential product types such as condominiums, a rooftop restaurant, a boutique hotel, co-working space, and a cafe. For developers and investors seeking a waterfront mixed-use platform with documented entitlement and study completion, this land package is positioned to move directly into the next phase following review of the due diligence materials with the listing agent.