612 S 1st Street, Pensacola, FL 32507

$7,500,000
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

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.

More Information MLS# 980980

Contract Info

Listing Board: Emerald Coast List Price/Acre: 1071428.57 List Date: 2025-07-15 List Price: $7,500,000

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

General Property Info

Sub-Type: Vacant Land Acreage: 7

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: 1

Waterfront

Bay: 1 Bayou: 1 Waterfront Feet: NA

Waterview

Bay: 1 Bayou: 1

Lot Features

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

Project Facilities

Waterfront: 1

Lot Access

City Road: 1 Paved Road: 1

Utilities

None: 1

Zoning

Commercial: 1 Resid Multi-Family: 1 Resid Single Family: 1 See Remarks: 1

Financing

Conventional: 1 Other: 1

None

Current Price: $7,500,000

Status Change Info

Status: Active

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

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.