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612 S 1st Street
Pensacola, FL 32507

$8,200,000 - Status: Active
Bed Icon Beds: 0
Bath Icon Baths:
MLS Icon MLS# 776293

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

Property Features

MLS#: 776293
Zip: 32507
Subdivision:
Development: 1302 - Escambia - Pensacola
Property Type: Land - Commercial
Days on Site: 267
Lot Size: 7.00 acres

Feature Descriptions

Lot Description: Paved
Parcel#: 512S306046000018
Special View Info: Bay, Bayou
Utilities: None
Waterfront: Bayfront, Gulf Access, See Remarks

Local Schools

High School: Other
Middle School: Bailey
Elementary School: Hellen Caro

612 S 1st Street | MLS# 776293

This land located at 612 S 1st Street, Pensacola, FL 32507 is currently listed for sale with an asking price of $8,200,000. The property has approximately 7.00 Acres. Search Pensacola real estate on the-beninateam.beachybeach.com today.

Listed By / Shown By

Listed By

Agency Name: Scenic Sotheby's International Realty

Shown By

Agent Name: Lauren and Nick Beninate
Agent Phone: (706) 615-5336
Agency Title: Beachy Beach Real Estate

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/09/2026. The listing information on this page last changed on 04/09/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 04/09/2026 8:23:09 AM EST) or Emerald Coast MLS (last updated Thu 04/09/2026 8:15:28 AM EST) or Central Panhandle Association of Realtors (last updated Thu 04/09/2026 1:17:22 AM EST). Real estate listings held by brokerage firms other than Beachy Beach Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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