612 S 1st Street, Pensacola, FL 32507

Pensacola
Local realty services provided by:ERA American Real Estate
612 S 1st Street,Pensacola, FL 32507
$7,500,000
Virtual Tour
  • 7 Acres
  • Lots / Land
  • Active
Listed by: john p birdwell, wesley j madden
Office: scenic sotheby's international realty
MLS#:980980
Source:FL_ECAR

Price summary

  • Price:$7,500,000

About this home

SELLER IS FLUSHING ASSETS, ALL OFFERS WELCOME. 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...

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Home facts

  • Listing ID #:980980
  • Added:334 day(s) ago
  • Updated:June 12, 2026 at 02:46 PM

Structure and exterior

  • Lot area:7 Acres

Schools

  • High school:Pensacola
  • Middle school:Warrington
  • Elementary school:Warrington

Finances and disclosures

  • Price:$7,500,000
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