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612 S 1st St Unit #21, Pensacola
$457,000
4 Beds ⋅ 3 Baths ⋅ 689352 MLS
Spinnaker Cove is a gated, waterfront townhome community on Bayou Grande and Ann’s Bayou, featuring a community-owned deep water marina with 38 slips available via resident boat-slip assignment. Along with provided dockside utilities, the location affords gulf access with snappy sailing times to Pensacola Beach, Navarre, and Perdido - just to name a few. Unit 21 is equipped with a private Gem Remotes 10,000 lb tri-story aluminum cargo lift, easily accessible from all levels. The 41’ x 13’ tandem garage is spectacular for a power sports enthusiast or fisherman. The two covered front decks are 20’ x 7’, and the rear open decks are 27’ x 7’. Both AC units were replaced in August of ‘23 and the decks were revamped in April of ‘25. Over the past few months, 21 has had a renovation ongoing, including flooring throughout, paint, and bathroom updates including cultured marble surfaces and custom tile accents. The kitchen features some updating, while the polished engineered quartz counters and appliances are from an older remodel. Fees are low because owners are responsible for insurance. If you are the type who wants to look at their boat from the front yard, look no further than Spinnaker Cove, unit 21.

612 S 1st St Unit #21, Pensacola
634 Silvershore Dr, Pensacola
$1,595,000
4 Beds ⋅ 2 Baths ⋅ 679649 MLS
EASY SELLER/OWNER FINANCING AVAILABLE! This unique legacy waterfront offers one of the most versatile and desirable spots in Pensacola, FL. The lot offers 75’ of protected white sand shoreline. The waterfront features a sandy beach that quickly gives way to deeper water providing for an expansive dock basin capable of safely mooring multiple boats and even a larger yacht. (A Dock Permit is already in place that allows for a 180' Dock with Multiple Slips including a 65' x 23.5 Beam Yacht Slip). This area of Bayou Grande is very protected deep water with nearby access to Pensacola Pass and the Gulf of America. The White Island Restoration Project features a public recreation area within swimming distance with great fishing and crabbing all around. This prime location also provides front row seat to enjoy the Blue Angels practices and air shows. The property has numerous palm and live oak trees that are perfect for hammocks and offers expansive views of Bayou Grande and Pensacola Bay including a panoramic view of the New Bay Bridge extending to Gulf Breeze. There are no HOA restrictions or dues for the subdivision. An adjoining lot located closer to the road is also available with 54’ of waterfront frontage and sandy beach access allows for a separate home to built in addition to the existing dome home located closer to the shore. The existing 3-story dome home was built in 2007 and it's open floor-plan fills the home's 22’ high ceilings with natural light living room & kitchen. The home also features an elevator shaft from the ground floor car port up to the top floor that is ready for an elevator installation. Home is on public water and public sewer with natural gas also available. The dome structure is made of hurricane resistant steel-reinforced concrete that offers endless possibilities to become one of Pensacola's most unique homes. 634-1/2 Silvershore (also available separately, if desired) has an SouthEast access easement leading to 54’ of beachfront.

634 Silvershore Dr, Pensacola
612 S 1st St, Pensacola
$8,200,000
667648 MLS
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.

612 S 1st St, Pensacola

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