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$7,500,000
612 S 1st Street
Pensacola, FL 32507
MLS# 981167



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Property 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

Details
Contract Info
GCCMLS Number: 42985167
Listing Board: Emerald Coast
List Date: 2025-07-15
List Price: $7,500,000
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
General Property Info
Listed on GCCMLS: Yes
Vacant: Yes
Zoning: Mixed Use
Acreage: 7
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: 1
Land: 1
Land
Property Type: Mixed Use
Income Producing
Property Type: Other (See Remarks)
None
Current Price: $7,500,000
Status Change Info
Status: Active
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
Property Features
Class: Income Producing; Land
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 Boulevard 2) 512S306040003024 600 Blk South Navy Boulevard 3) 512S307062081041 600 South Navy Boulevard 4) 512S307062080041 5 Interbay Avenue 5) 512S307062070041 601 South 1st Street 6) 512S307062060041 603 1st Street 7) 512S307062006040 602 South 1st Street 8) 512S307062007040 604 South 1st Street 9) 512S307062008040 606 South 1st Street 10) 512S307062009040 608 South 1st Street 11) 512S307062004040 601 South 2nd Street 12) 512S307062003040 603 South 2nd Street 13) 512S307062001040 605 South 2nd Street 14) 512S306046000018 612 South 1st Street 15) 512S306046000017 612 South 1st Street 16) 512S306046000013 600 Blk South 1st Street 17) 512S306046000012 600 Blk South 1st Street 18) 512S306046000011 600 Blk South 1st Street 19) 512S306046000010 600 Blk South 1st Street 20) 512S306046000009 600 Blk South 1st Street 21) 512S306046000006 600 Blk South 1st Street 22) 512S306046000005 600 Blk South 1st Street 23) 512S306046000004 600 Blk South 1st Street 24) 512S306046000003 600 Blk South 1st Street 25) 512S306046000002 600 Blk South 1st Street 26) 512S306046000001 600 Blk South 1st Street 27) 512S306046000038 600 Blk South 1st Street 28) 512S306046000040 600 Blk South 1st Street 29) 512S306046000041 600 Blk South 1st Street 30) 512S306046000042 600 Blk South 1st Street 31) 512S307062004039 604 South 2nd Street 32) 512S307062003039 600 South 2nd Street 33) 512S307062002039 200 Blk Interbay Avenue 34) 512S306040003023 Palomar Drive ANNE'S BAYOU IS INCLUDED IN THE OFFERING

Listing Office: Scenic Sotheby's International Realty

Last Updated: February - 13 - 2026

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.


Broker Attribution: wes@scenicsir.com

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