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About This Home
This land at 612 S 1st St in Pensacola, FL is listed for $7,500,000 (7.00 acres).
SELLER IS FLUSHING ASSETS, ALL OFFERS WELCOME 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 cafe. 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 an
d 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.
Key Features
- 7.00 acre lot
- Waterfront
Amenities
Location
612 S 1st St
Pensacola, FL 32507
Spinnaker Cove
Questions & Answers
This 0-bedroom, 0-bathroom land at 612 S 1st St is listed at $7,500,000. The estimated monthly payment is $32,500 based on 20% down at 6.5% interest.
Key features include: 7.00 acre lot, Waterfront.
This property is listed by John Birdwell and can be reached at 850-231-6052 or jp@scenicsir.com.