612 S 1st St, Pensacola, FL 32507

Local realty services provided by:Better Homes and Gardens Real Estate Emerald Coast
612 S 1st St,Pensacola, FL 32507
$8,200,000
Virtual Tour
  • 7 Acres
  • Lots / Land
  • Active
Listed by: john birdwell
Office: scenic sotheby's international realty
MLS#:667648
Source:FL_PMLS

Price summary

  • Price:$8,200,000

About this home

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

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Home facts

  • Listing ID #:667648
  • Added:130 day(s) ago
  • Updated:November 21, 2025 at 05:26 PM

Structure and exterior

  • Lot area:7 Acres

Schools

  • High school:Pensacola
  • Middle school:WARRINGTON
  • Elementary school:Warrington Elementary

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$8,200,000
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