0 Mirella St Pensacola, FL 32507
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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