Mixed-Use Land for Sale in Pensacola, Florida
612 S 1st St, Pensacola, FL 32507
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
- Street address
- 612 S 1st St
- County
- Escambia County
- Community
- Spinnaker Cove
- Elevation
- 3 feet
Directions
Head south on 1st st until you run into the gates
Property details
- Acreage
- 7 acres
- MLS #
- PAR 667648
- Posted
Parcels
- 512S306046000018
Resources
Details and features
Listing
- Type
- Land
Lot
- Waterfront
- Waterfront
Nearby schools
| Name | Level | District | Description |
|---|---|---|---|
| Warrington Elementary | Elementary | — | — |
| Warrington | Middle | — | — |
| Pensacola | High | — | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Dec 3, 2025 | Price drop | $7,500,000 | $700,000 -8.5% | PAR |
| July 14, 2025 | New listing | $8,200,000 | — | PAR |