$1,395,000 10605 Gulf Beach Hwy Pensacola, FL

MLS: 437686   Type: Commercial   County: Escambia   City: Pensacola   Area: Escambia   Zip: 32507   Style: LAND  

Mortgage $6,549 /mo

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Will owner finance & possibly joint venture. This parcel is comprised of 2 lots, 10605 & 10541 Gulf Beach Highway located on Big Lagoon just west of the WCI & South Wind Marinas and east of the Grand Lagoon Yacht Club. Together they have about 300' of water front. This combined parcel has the potential to be a great water front multi-family development, great restaurant location, marina, or hotel. The new County "commercial" zoning allows for 25 residential units per acre or a total of about 45 units on this site. There is quick access to the Gulf of Mexico from this location and there's a beautiful view of the barrier island and there would be great views of the Gulf from the higher floors of a condo or hotel. The barrier island provides some protection from storms. The beautiful water and lovely beach here is much safer for swimming than the Gulf and is a great area for fishing. All manner of salt water fish can be caught in Big Lagoon. Property has natural gas, sewer and public water. Measurements are approximate. Agent is the owner through a LLC.

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Price History

2/12/2016 Listed $1,500,000
9/7/2016 7% - $1,395,000

Construction Status EXISTING
Listing Area ESCAMBIA
Listing Status Active
Status Active
Zoning C-1 RETAIL COMM DIST

Exterior Features

Lot Size Area 1.8

Property Schools



Direct Link:

http://pen.exprealty.com/property/56-437686-10605-Gulf-Beach-Hwy-Pensacola-FL-32507

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Property vs Zip Code Avg (32507)

Price 1.39M Avg 871K

Acres 1.8 Avg 3.77

Visits 49 Avg 18

Days on Site 1,953 Avg 702

Walkscore® 6 Avg 30

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Listing Provided Courtesy Of: REAL ESTATE COUNSELORS




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Location & Address

eXp Realty Pensacola

Crystal River, FL
941-219-4361