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612 S 1st St, Pensacola, FL 32507

$7,500,000
  • 612 S 1st St, Pensacola, FL 32507 Main Photo

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Active Under Contract
LOT SIZE 7.000 acres MLS#667648
STATUSActive Under Contract PROPERTY TYPELand - Residential SUBDIVISIONSpinnaker Cove

Property Description

SELLER IS FLUSHING ASSETS, ALL OFFERS WELCOME SPINNAKER COVE | PREMIER WATERFRONT DEVELOPMENT OPPORTUNITY A master-planned, gated community spanning 7+ acres along Bayou Grande, Spinnaker Cove offers direct access to Pensacola Bay and front-row views of the iconic Blue Angels. Featuring access to 18+ community boat slips and the acquired Anne's Bayou with proposed walking trails, this luxury enclave sits minutes from NAS Pensacola and White Island's future sand replenishment project. Zoned for flexible mixed-use this opportunity is ideal for a blend of waterfront estates, luxury townhomes, high-density residential, and retail. Development potential includes condominiums, a rooftop restaurant, boutique hotel, co-working space, and a café. With all zoning approvals, conditional use permits, and engineering studies complete, this investment opportunity is turnkey-ready. Positioned within the Navy Boulevard revitalization corridor, demand is bolstered by a strong military and vacation rental market-making Spinnaker Cove a rare opportunity to shape Pensacola's next landmark coastal community. Please contact listing agent for an executive summary of the development and/or access to due diligence documents.

612 S 1st St | MLS# 667648

This land located at 612 S 1st St, Pensacola, FL 32507 is currently listed for sale with an asking price of $7,500,000. The property has approximately 7.00 Acres. Search Pensacola real estate on www.therealtyvault.com today.

Property Features

Property Type: Land - Residential
Lot Size: 7.00 Acres
Property Type: Residential Lots

Feature Descriptions

Days on Site: 308
HOA Y/N: Yes
Lot Dimensions: 7.00 acre(s)
Sewer: Public Sewer
Water: Public
Waterfront: Bayou

Local Schools

High School: Pensacola
Middle School: WARRINGTON
Elementary School: Warrington Elementary

Listed By / Shown By

Listed By

Agency Name: Scenic Sotheby's International Realty
Agency Phone: 850-231-6052

Shown By

Agency Title: The Realty Vault
Agency Phone: 850-477-3948

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Estimated Payment

$ 18,879.25 per month $16,691.75 Principal & Interest $0.00 Property Tax (data not provided by mls) $2,187.50 Homeowner's Insurance

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