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$7,500,000

For Sale

10 months ago

612 S 1St St, Pensacola, FL

House

MLS® 667648

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Land
Size -
Garage 
Taxes 
Days Active 290
Lot Size 
Approx. Age 
MLS® Number 667648

Property Address: 612 S 1st St, Pensacola, FL, 32507-3389

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number667648
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 13, 2025List Date
$7,500,000List Price
  • Commute

Commute

Starting Address
Destination Address
612 S 1St St, Pensacola, FL

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