About 612 1st St, Pensacola, Florida, 32507
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.
Water Source : Public
Sewer Source : Public Sewer
Water Source : Public
Sewer Source : Public Sewer

Street Address: 612 1st St
City: Pensacola
State: Florida
Postal Code: 32507
County: Escambia
Directions: Head south on 1st st until you run into the gates

Property Information :
Listing Status: Active
Lot Size: 7.00 Acres
MLS #: 667648
Price: $8,200,000
Last Modified : Jul 10 2026 4:00PM

Courtesy of: John Birdwell, Scenic Sotheby's International Realty (MLS# SSIR01)
Source MLS: Pensacola Association of REALTORS