612 S 1st Street, Pensacola, FL 32507

$7,500,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 304,920 Status: Active
Current Price: $7,500,000 List Date: 7/17/2025 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. This listing consist of 34 Parcels as follows: 1) 512S306040004024 600 Blk South Navy Boulevar ...

Listing Details MLS# 981167

Contract Info

GCCMLS Number
42985167
Listing Board
Emerald Coast

Location Tax and Legal

Area
08 - Escambia County
Street #
612
Street Direction
S
Street Name
1st
Street Suffix
Street
State
FL
Zip Code
32507
County
Escambia
Parcel ID
512S306046000018

General Property Info

Listed on GCCMLS
Yes
Vacant
Yes
Acreage
7
Zoning
Mixed Use

More Information

Location, Tax and Legal

Sub Area
0806 - 32507
Legal Description
LT 16 SPINNAKER COVE S/D PB 11 P 96 OR 8809 P 1149 CA 212 + 33 Additional Parcels

Listing Info, Tax & Legal

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

Class

Income Producing
Yes
Land
Yes

Property Features

Class: Income Producing; Land
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.