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612 S 1st St

Pensacola, FL 32507
  • $7,500,000
  • STATUS: Active
  • ON SITE: 218 Days
  • MLS #: 667648
UPDATED: 38 min ago
$7,500,000
  • 0
    BEDS
  • 7
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

SELLER IS FLUSHING ASSETS, ALL OFFERS WELCOME 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 caf. 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 marketmaking 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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© 2026 by the Multiple Listing Service of the Pensacola Association of REALTORS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. Data last updated: 2026-02-16T22:54:23.773.
www.coastalmarmac.us/homes/165860192
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612 S 1st St Pensacola, FL 32507

  • Price: $7,500,000
  • Status: Active
  • On Site: 218 Days
  • Updated: 38 min ago
  • MLS #: 667648
0
Beds
0
Baths
0
½ Baths
7
Acres
Neighborhood:
Spinnaker Cove
County:
Escambia - Fl
Area:
Pensacola
Elementary School:
Warrington Elementary
Middle School:
Warrington
High School:
Pensacola
Property Description
SELLER IS FLUSHING ASSETS, ALL OFFERS WELCOME 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 caf. 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 marketmaking 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.
Exterior Features

Waterfront Features Bayou Waterfront YN Yes

Property Features

Association YN Yes Horse YN No Land Lease Amount Frequency Annually Listing Agreement Exclusive Right To Sell Property Sub Type Residential Lots Sale Rent For Sale Sewer Public Sewer Water Source Public

Listing provided by Scenic Sotheby's International Realty: 850-231-6052.


© 2026 by the Multiple Listing Service of the Pensacola Association of REALTORS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. Data last updated: 2026-02-16T22:54:23.773.
 
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