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    Mirella St Pensacola, FL 32507

    For Sale
    $2,970,000

    19.57 Acres, Prime Location, Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 19.57-acre waterfront property in Pensacola, Florida presents a rare development opportunity. Situated in the highly desirable Innerarity Heights and Perdido Key sub-markets, this expansive lot boasts over 1,378 feet of breathtaking waterfront views on Bayou Garcon, offering direct access to the Gulf's pristine white sand beaches. The property comprises six contiguous parcels with APNs 143S322000019019, 143S322000000021, 143S322000001021, 143S322000001018, 143S322000000013, and 143S322000000012, zoned for both commercial ("C-1" Retail Commercial District) and residential ("SDD" Special Development District and "LDMU" Low-Density Mixed-Use) uses. Current zoning allows for approximately 423 dwelling units. The property includes a pier extending into the Bayou Garcon and features all public utilities. While there is no HOA, building restrictions will be recorded at closing, including a mandatory 40-foot wetland buffer setback and construction on pilings per Escambia County regulations. Enjoy unparalleled privacy and seclusion, complemented by the natural beauty of the wetlands and waterway. Conveniently located just 4 minutes from Perdido Key's public beach and 5 minutes from the Pensacola Naval Air Station's back gate, with nearby shopping, dining, and entertainment options. Offered at $2,970,000. This is a truly unique opportunity to create a luxurious coastal development.

    Property Features for 0 Mirella St

    General Information

    Property type
    Land
    Lot Size
    852,469 SF

    HighLights

    • $2,970,000 asking price for 19.57 acres of waterfront land.
    • Located in Pensacola, FL's desirable Innerarity Heights and Perdido Key submarkets, offering direct deep‑water access to beaches.
    • Zoned C‑1 (Retail Commercial District) and SDD (Special Development District), allowing for potential residential development.
    • Features over 1,378 feet of waterfront on Bayou Garcon, providing panoramic views and privacy.
    • Six contiguous parcels with existing pier, utilities, and building restrictions (including piling requirements and wetland setbacks).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.423955
    Latitude
    30.319754

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    FAQs

    What type of property is this?
    Land - 19.57 Acres, Prime Location, Development Potential
    Where is this land located?
    The property is located at Mirella St Pensacola, FL.
    What is the asking price?
    The asking price for this property is $2,970,000.
    What are key features of this property?
    This property features: $2,970,000 asking price for 19.57 acres of waterfront land.; Located in Pensacola, FL's desirable Innerarity Heights and Perdido Key submarkets, offering direct deep-water access to beaches.; Zoned C-1 (Retail Commercial District) and SDD (Special Development District), allowing for potential residential development.
    (850) 977-6991
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    Mirella St Pensacola, FL 32507
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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
    Mirella St Pensacola, FL 32507
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