Residential Land for Sale in Pensacola, Florida

Build Your Dream Home on Innerarity Island – Russell Bayou Rare opportunity to own a residential homesite in the highly desirable Russell Bayou community on beautiful Innerarity Island. Nestled within a gated waterfront neighborhood, this lot offers the perfect canvas to design and build your custom coastal retreat. Russell Bayou is known for its upscale homes, peaceful surroundings, and access to resort-style amenities including a community pool, tennis and pickleball courts, walking paths, and private pier access to Russell Bayou - ideal for kayaking, paddleboarding, and enjoying Florida sunsets. Located just minutes from the white-sand beaches of Perdido Key Beach and close to dining, marinas, and shopping, this property offers the perfect balance of privacy and convenience. Whether you’re building a primary residence or a coastal getaway, this island community delivers tranquility, security, and natural beauty. Bring your builder and start planning your island lifestyle today.