612 S 1st St, Pensacola, FL 32507
Local realty services provided by:CENTURY 21 Beggins Enterprises
Listed by: john birdwell
Office: scenic sotheby's international realty
MLS#:667648
Source:FL_PMLS
Price summary
- Price:$7,500,000
About this home

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 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....
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Home facts
- Listing ID #:667648
- Added:264 day(s) ago
- Updated:April 03, 2026 at 03:04 PM
Structure and exterior
- Lot area:7 Acres
- Architectural Style:Residential Lots
Schools
- High school:Pensacola
- Middle school:WARRINGTON
- Elementary school:Warrington Elementary
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$7,500,000
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