612 S 1st Street, Pensacola, FL 32507 (MLS# 980980)

612 S 1st Street, Pensacola, FL 32507

$7,500,000

Virtual Tour

https://bcove.video/40l47Mf

Property Type: Land Lot Size (sq. ft.): 304,920 Status: Active

Current Price: $7,500,000 List Date: 7/15/2025 Last Modified: 2/13/2026

Overview

Description

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

Supplements: opportunity is turnkey-ready. Positioned within the Navy Boulevard revitalization corridor, demand is bolstered by a strong military and vacation rental marketmaking Spinnaker Cove a rare opportunity to shape Pensacola's next landmark coastal community.

Listing Details MLS# 980980

Contract Info

Listing Board: Emerald Coast
List Price/Acre: 1071428.57

Location Tax and Legal

Street #: 612
Street Direction: S
Street Name: 1st
Street Suffix: Street
Area: 08 - Escambia County
State: FL
Zip Code: 32507
County: Escambia
Project Name/Subdivision: SPINNAKER COVE
Parcel ID: 512S306046000018

General Property Info

Sub-Type: Vacant Land
Acreage: 7

Waterfront

Waterfront Feet: NA
Bay: Yes
Bayou: Yes

More Information

Location, Tax and Legal

Sub Area: 0806 - 32507
Elementary School: Warrington
Middle School: Warrington
High School: Pensacola
Legal Description: LT 18 SPINNAKER COVE S/D PB 11 P 96 OR 8976 P 1542 CA 212 + 33 Additional Parcels

Listing Info, Tax & Legal

Is Subject Leased: No
Assessment Fees: No
New Buyer Fee: No
Brokerage Interest: No Interest
As Is: Yes

Remarks & Misc

Remarks: 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

Sale Type

Accept Backup Offers: Yes

Waterview

Bay: Yes
Bayou: Yes

Lot Features

Within 1/2 Mile to Water: Yes
See Remarks: Yes

Project Facilities

Waterfront: Yes

Lot Access

City Road: Yes
Paved Road: Yes

Utilities

None: Yes

Zoning

Commercial: Yes
Resid Multi-Family: Yes
Resid Single Family: Yes
See Remarks: Yes

Financing

Conventional: Yes
Other: Yes

Property Features

Sale Type: Accept Backup Offers Lot Access: City Road; Paved Road Lot Features: Within 1/2 Mile to Water; See Remarks Zoning: Commercial; Resid Multi-Family; Resid Single Family; See Remarks Waterfront: Bay; Bayou Waterview: Bay; Bayou Project Facilities: Waterfront Utilities: None Financing: Conventional; Other

Listing Office: Scenic Sotheby's International Realty

Last Updated: February - 13 - 2026

Broker Attribution: wes@scenicsir.com

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.