For sale - Active

612 S 1st St, Pensacola FL 32507

About this place

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.

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Property Highlights

Property type Residential Lots
Status Active
City Pensacola
Zip 32507
County Escambia - Fl
Subdivision Spinnaker Cove
Updated Jun 30, 2026
MLS ID 667648

Exterior Features

Roof See listing details
Construction Features Residential Lots
Parking See listing details
Waterfront Nearby / listed

Interior Features

Property Type Residential Lots

Financial Details

List Price $8,200,000
Estimated Payment $52,480/mo
Status Active

Location

County Escambia - Fl
City Pensacola
Subdivision Spinnaker Cove
ZIP Code 32507

Schools

Elementary School Warrington Elementary
Middle School WARRINGTON
High School Pensacola

612 S 1st St, Pensacola FL 32507 is located in Pensacola, FL 32507

Payment calculator

$52,480 per month 30 year fixed, 7.25% interest

Down payment estimate: $1,640,000. Taxes, insurance, HOA fees, and lender costs are not included.