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$8,200,000

612 S 1st St, Pensacola FL, 32507

Price per sqft$26.89
Lot size7 Acres
Property typeLand

Overview

Active

Listed Jul 13, 2025

Updated Jul 24

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.

Additional information

MLS® ID
667648

Exterior Features

Lot Size
7 Acres

Other Property Details

Waterfront
Yes

 

Courtesy of Scenic Sotheby's International Realty, John Birdwell,
Listing Contact:  

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Last updated 7/24/2026 2:40 AM UTC

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