# 612 S 1st St, Pensacola, FL 32507

> **TL;DR:** land, $7,500,000.
> Waterfront. Est. $32,500/mo. Listed 271 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $7,500,000 |
| Lot Size | 304,920 sqft (7.00 acres) |
| Property Type | Land (Other) |
| Status | For Sale |
| Days on Market | 271 |

## Why This Home Stands Out

- **Waterfront** - Direct water access

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $32,500 |
| **Total** | **$32,500** |

## Nearby Schools

- **Elementary:** Warrington Elementary
- **Middle:** WARRINGTON
- **High:** Pensacola

## Key Amenities

- Waterfront

## Property Highlights

- 7.00 acre lot
- Waterfront

## Description

### Agent Description
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 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.

## Location

- **Address:** 612 S 1st St, Pensacola, FL 32507
- **County:** Escambia - Fl
- **Neighborhood:** Spinnaker Cove
- **Coordinates:** 30.37559, -87.273529
- **Google Maps:** https://www.google.com/maps?q=30.37559,-87.273529

## Listing Agent

- **Name:** John Birdwell
- **Brokerage:** Scenic Sotheby's International Realty
- **Phone:** 850-231-6052
- **Email:** jp@scenicsir.com

## Primary Photo

![612 S 1st St - Primary Photo](http://lh.rdcpix.com/c7e9c8472eeb3eb45b395028475f8925l-f2988004475r.jpg)

*13 total photos available on [listing page](https://www.propertysimple.com/listing/612-s-1st-st-pensacola-fl-32507-l667648)*

---

**MLS#:** 667648 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/612-s-1st-st-pensacola-fl-32507-l667648)

---

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