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612 S 1st Street, Pensacola, FL 32507

$8,200,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 304,920 Status: Active
Current Price: $8,200,000 List Date: 7/17/2025 Last Modified: 7/17/2025

Description

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. This listing consist of 34 Parcels as follows: 1 512S306040004024 600 Blk South Navy Boulevard 2 512S306040003024 600 Blk South Navy Boulevard 3 512S307062081041 600 South Navy Boulevard 4 512S307062080041 5 Interbay Avenue 5 512S307062070041 601 South 1st Street 6 512S307062060041 603 1st Street 7 512S307062006040 602 South 1st Street 8 512S307062007040 604 South 1st Street 9 512S307062008040 606 South 1st Street 10 512S307062009040 608 South 1st Street 11 512S307062004040 601 South 2nd Street 12 512S307062003040 603 South 2nd Street 13 512S307062001040 605 South 2nd Street 14 512S306046000018 612 South 1st Street 15 512S306046000017 612 South 1st Street 16 512S306046000013 600 Blk South 1st Street 17 512S306046000012 600 Blk South 1st Street 18 512S306046000011 600 Blk South 1st Street 19 512S306046000010 600 Blk South 1st Street 20 512S306046000009 600 Blk South 1st Street 21 512S306046000006 600 Blk South 1st Street 22 512S306046000005 600 Blk South 1st Street 23 512S306046000004 600 Blk South 1st Street 24 512S306046000003 600 Blk South 1st Street 25 512S306046000002 600 Blk South 1st Street 26 512S306046000001 600 Blk South 1st Street 27 512S306046000038 600 Blk South 1st Street 28 512S306046000040 600 Blk South 1st Street 29 512S306046000041 600 Blk South 1st Street 30 512S306046000042 600 Blk South 1st Street 31 512S307062004039 604 South 2nd Street 32 512S307062003039 600 South 2nd Street 33 512S307062002039 200 Blk Interbay Avenue 34 512S306040003023 Palomar Drive ANNE'S BAYOU IS INCLUDED IN THE OFFERING.

Supplements: This listing consist of 34 Parcels as follows: 1) 512S306040004024 600 Blk South Navy Boulevard 2) 512S306040003024 600 Blk South Navy Boulevard 3) 512S307062081041 600 South Navy Boulevard 4) 512S307062080041 5 Interbay Avenue 5) 512S307062070041 601 South 1st Street 6) 512S307062060041 603 1st Street 7) 512S307062006040 602 South 1st Street 8) 512S307062007040 604 South 1st Street 9) 512S307062008040 606 South 1st Street 10) 512S307062009040 608 South 1st Street 11) 512S307062004040 601 South 2nd Street 12) 512S307062003040 603 South 2nd Street 13) 512S307062001040 605 South 2nd Street 14) 512S306046000018 612 South 1st Street 15) 512S306046000017 612 South 1st Street 16) 512S306046000013 600 Blk South 1st Street 17) 512S306046000012 600 Blk South 1st Street 18) 512S306046000011 600 Blk South 1st Street 19) 512S306046000010 600 Blk South 1st Street 20) 512S306046000009 600 Blk South 1st Street 21) 512S306046000006 600 Blk South 1st Street 22) 512S306046000005 600 Blk South 1st Street 23) 512S306046000004 600 Blk South 1st Street 24) 512S306046000003 600 Blk South 1st Street 25) 512S306046000002 600 Blk South 1st Street 26) 512S306046000001 600 Blk South 1st Street 27) 512S306046000038 600 Blk South 1st Street 28) 512S306046000040 600 Blk South 1st Street 29) 512S306046000041 600 Blk South 1st Street 30) 512S306046000042 600 Blk South 1st Street 31) 512S307062004039 604 South 2nd Street 32) 512S307062003039 600 South 2nd Street 33) 512S307062002039 200 Blk Interbay Avenue 34) 512S306040003023 Palomar Drive ANNE'S BAYOU IS INCLUDED IN THE OFFERING

More Information MLS# 776412

Location

Sub Area: 1302 - Escambia - Pensacola Community/Resort: None Waterfront: Yes Elementary School: Hellen Caro Middle School: Bailey High School: Other Directions: Please refer to Google Maps Area: 13 - Escambia County Street #: 612 Street Direction: S Street Name: 1st Street Suffix: Street State: FL Zip Code: 32507 County: Escambia Subdivision: No Named Subdivision Parcel ID: 512S306046000018 Legal Description: LT 16 SPINNAKER COVE S/D PB 11 P 96 OR 8809 P 1149 CA 212 + 33 Additional Parcels

General Property Info

List Class: Lots/Land Acreage: 7 Construction Status: To Be Built SqFt Tot Bldg: 0

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: 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. This listing consist of 34 Parcels as follows: 1 512S306040004024 600 Blk South Navy Boulevard 2 512S306040003024 600 Blk South Navy Boulevard 3 512S307062081041 600 South Navy Boulevard 4 512S307062080041 5 Interbay Avenue 5 512S307062070041 601 South 1st Street 6 512S307062060041 603 1st Street 7 512S307062006040 602 South 1st Street 8 512S307062007040 604 South 1st Street 9 512S307062008040 606 South 1st Street 10 512S307062009040 608 South 1st Street 11 512S307062004040 601 South 2nd Street 12 512S307062003040 603 South 2nd Street 13 512S307062001040 605 South 2nd Street 14 512S306046000018 612 South 1st Street 15 512S306046000017 612 South 1st Street 16 512S306046000013 600 Blk South 1st Street 17 512S306046000012 600 Blk South 1st Street 18 512S306046000011 600 Blk South 1st Street 19 512S306046000010 600 Blk South 1st Street 20 512S306046000009 600 Blk South 1st Street 21 512S306046000006 600 Blk South 1st Street 22 512S306046000005 600 Blk South 1st Street 23 512S306046000004 600 Blk South 1st Street 24 512S306046000003 600 Blk South 1st Street 25 512S306046000002 600 Blk South 1st Street 26 512S306046000001 600 Blk South 1st Street 27 512S306046000038 600 Blk South 1st Street 28 512S306046000040 600 Blk South 1st Street 29 512S306046000041 600 Blk South 1st Street 30 512S306046000042 600 Blk South 1st Street 31 512S307062004039 604 South 2nd Street 32 512S307062003039 600 South 2nd Street 33 512S307062002039 200 Blk Interbay Avenue 34 512S306040003023 Palomar Drive ANNE'S BAYOU IS INCLUDED IN THE OFFERING.

Financing

Cash: 1 Conventional: 1

Present Zoning

Commercial: 1 Resid Multi-Family: 1 Resid Single Family: 1 Other - See Remarks: 1

Waterview

Bay: 1 Bayou: 1

Sale Type

As Is: 1

Waterfront Type

Bay/Harbor: 1

Waterfront Feature

Waterfront Feet: NA

Floors in Unit/Home

One: 1

Offering Type

Sale Only: 1

Site Description

Raw Acreage: 1 Other - See Remarks: 1

Transport. Access

City Road: 1 Paved: 1

Contract Info

List Date: 2025-07-15 List Price: $8,200,000 Current Price: $8,200,000 Sub-Type: Land

Status Change Info

Status: Active

Property Features

Financing: Cash; Conventional Offering Type: Sale Only Present Zoning: Commercial; Resid Multi-Family; Resid Single Family; Other - See Remarks Sale Type: As Is Site Description: Raw Acreage; Other - See Remarks Waterfront Type: Bay/Harbor Waterview: Bay; Bayou
Listing Office: Scenic Sotheby's International Realty
Last Updated: July - 17 - 2025
Information deemed reliable but not guaranteed.