304,920 Sqft - 612 S 1st St, Pensacola, Florida 32507
Property Description
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.
Basic Details
Property Type : Land
Listing Type : For Sale
Listing ID : 667648
Price : $8,200,000
Lot Area : 304,920 Sqft
Status : Active
Property SubType : Residential Lots
Features
Sewer : Public Sewer
Waterfront Features : Bayou
Address Map
State : FL
County : Escambia - Fl
City : Pensacola
Zipcode : 32507
Street : 612 S 1st St
Floor Number : 0
Longitude : W88° 43' 35.3''
Latitude : N30° 22' 32.1''
Directions : Head south on 1st st until you run into the gates
Subdivision Name : Spinnaker Cove
MLS Addon
Office Name : Scenic Sotheby's International Realty