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201 S Stillman St 103, Pensacola, FL 32505

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For Sale

$169,000

1 beds1 baths500 sqft

Estimated Payment

$      /mo.

APR for 30 years

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  • Other Residential
    Property type

  • Newly Listed
    Time on Century 21

  • $338.00
    Price per square foot

  • 11-20 Years Old
    Age

Explore this Property

Waterfront Condo Living with Investment Upside, 201 S. Stillman Street unit 103, is a rare opportunity to own a beautifully maintained 1-bedroom, 1-bath unit in a waterfront condominium community just minutes from Downtown Pensacola. This stylish unit offers an open floor plan, updated kitchen, laundry facilities, and a private patio with serene views of Bayou Chico. Whether you're seeking a primary residence, long-term rental, or a low-maintenance second home, this unit delivers lifestyle and convenience in one. The building features poured concrete construction, three elevators, and ample parking, with recent structural milestone reports already completed and no major repairs needed. Monthly COA dues of just $300 include exterior maintenance and building insurance. Units here are easy to rent, consistently drawing $1,500/month in rental income thanks to their proximity to NAS, the beach, and all that downtown Pensacola has to offer. What truly sets this opportunity apart? The seller is offering up to 27 units from a 31-unit block within the 64-unit development, making this a rare chance to acquire a majority stake in a thriving condo community. Whether you re purchasing a single unit or exploring the full portfolio, the possibilities are compelling. With waterfront access, four parking lots, and solid rental performance, this property aligns with a variety of strategies from long-term hold to resale of individual units. No zoning changes are needed to enjoy the condo s current use as income-producing housing, and the condominium structure itself offers exit flexibility for investors seeking optionality. Insurance is handled by the COA, and current taxes for the full 27-unit offering are around $47,000 annually. Don t miss your chance to buy into one of Pensacola s most quietly successful waterfront investment opportunities available by the unit or as part of a premium rental portfolio.
MLS# 668564

Courtesy Of White Caps Realty, LLC

(850) 637-6664

Property Features

  • Age
    11-20 Years Old
  • Amenities
    Water Front
  • Architecture Style
    Contemporary
  • Lot Size
    1.64 Acres

Home seller CENTURY 21 AmeriSouth Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 AmeriSouth Realty

(850) 478-6800
Learn More About Us

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