Listing provided courtesy of Scenic Sotheby's International RealtyMLS# 667648MLS Provider
  • 351 days on site
  • 21 views

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.

Source: Pensacola MLS, MLS#: 667648

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  • Property Type
    Land
  • Lot
    7.00 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 612 S 1st St


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/30/2026Source: Pensacola MLS Price Increase
$8,200,000 9.3%
6/30/2026Source: Pensacola MLS Status Change
Active
5/6/2026Source: Pensacola MLS Status Change
Contingent
12/2/2025Source: Pensacola MLS Price Reduction
$7,500,000 -8.5%
7/31/2025Source: Pensacola MLS Added to Database
July 13, 2025
5/15/2024Source: Pensacola MLS Status Change
Sold
4/13/2024Source: Pensacola MLS Status Change
Contingent
3/22/2024Source: Pensacola MLS Price Reduction
$525,000 -4.5%
3/18/2024Source: Pensacola MLS Added to Database
March 18, 2024