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612 S 1st St APT 24, Perdido Key, FL, 32507

4beds
3baths
2,700sqft
$460,000
$170price/sqft
$4,131/moest. monthly cost
$165,240/yrincome needed

About This Home

Spacious 4 bedroom WATERFRONT TOWNHOME with LARGE DEEDED BOATSLIP with DEEP WATER ACCESS at the front gate of NAS in Gated Community of Spinnaker Cove just 10 minutes to downtown Pensacola and Perdido Key. 4 bedrooms with 2.5 bathrooms, this home boasts 2,700 sq feet of living space with a tandem garage that you can pull through with garage doors on both sides. Waterfront living with this square footage with a deeded boatslip at this price per square foot is a rarity. This property has a LOW RATE ASSUMABLE VA LOAN to qualified buyers and also has $25 power bills. YES, that is correct - this home has NEW PAID FOR SOLAR PANELS THAT COST OVER $67,000. Installation of 31 400w Solar Panels, Net Metering Main Service Panel, and Enphase Microinverter in 2023. ALL NEW HEATING AND COOLING SYSTEMS COSTING OVER $23,000 - TWO 2023 2 ton 19 seer Gree HVAC Units for 2nd and 3rd floor of home - 2 Zone High Efficiency Mini-Split System to add AC to the entire bottom floor. This home has upgrades galore! This townhome was renovated in 2021 with brand new kitchen and appliances (new Samsung refrigerator 2024). Washer and Dryer (2021 Samsung) are included. The main living space is perfect for entertaining guests with an open concept of the kitchen, living, and dining area, and balcony with views of Bayou grande and your boat slip with power and water (you can install a lift if you so choose). The wood burning fireplace makes for cozy evenings. Luxury vinyl plank flooring in the living and wet areas and carpet in the bedrooms on the 3rd floor. New 4th bedroom and office area on the bottom floor that is heated and cooled recently added in 2024. All bedrooms on the third floor have their own private balconies. LOW HOA fees make this property a no brainer for those looking for the waterfront lifestyle at a low cost. This prime location offers easy BOATING & FISHING access to the Gulf of Mexico being only a 15 minute ride to the Pensacola Pass. Buyer to verify all information.

Getting Around

24
WalkingCar-Dependent
0
TransitVery Limited Transit
45
BikeSomewhat Bikeable

Schools

4/10
2/10
Warrington Middle SchoolGrades 6-82.1 mi
4/10
Pensacola High SchoolGrades 9-125.1 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1983

Materials

  • Foundation: Slab
  • Roof: Shingle
  • Construction materials: Frame

Type & Style

  • Home type: Townhouse
  • Architectural style: Contemporary, Traditional
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Electric Water Heater,Dryer,Washer,Built In Microwave,Dishwasher,Refrigerator,Self Cleaning Oven,ENERGY STAR Qualified Washer
  • Laundry features: Inside

Bedroom

  • Level: Third
  • Area: 156

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Dining Room

  • Level: Second
  • Area: 96

Features

  • Baseboards,Ceiling Fan(s),Crown Molding,High Speed Internet,Smart Thermostat
  • Window features: Solar Screens,Drapes,Drapery Rods,Tubular Skylight
  • Flooring: Carpet
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Multi Units,Central,Fireplace(s)
  • Cooling features: Multi Units,Central Air,Ceiling Fan(s),ENERGY STAR Qualified Equipment,ENERGY STAR Qualified Room AC

Interior Area

  • Total structure area: 2,700
  • Total interior livable area: 2,700 sqft

Kitchen

  • Level: Second
  • Area: 192

Master Bedroom

  • Level: Third
  • Area: 368.75

Property

Details

  • Parcel number: 512s306046000024
  • Attached to another structure: Yes
  • Zoning description: County,Deed Restrictions,Res Multi

Features

  • Levels: Three Or More
  • Stories: 3
  • Pool features: None
  • Patio & porch: Deck,Patio
  • Exterior features: Balcony,Dock,Boat Slip,Boat Slip Utilities
  • Has view: Yes
  • View description: Bayou,Water
  • Has water view: Yes
  • Water view: Bayou, Water
  • On waterfront: Yes
  • Waterfront features: Bayou,Creek/Stream,Waterfront,Beach Access,Deed Access,Natural,Pier,Rip Rap,Beach,Waterfront Deed Access
  • Frontage length: Water Frontage(232)

Lot

  • Lot size: 1,742 sqft
  • Features: Interior Lot

Parking

  • Total spaces: 2
  • Parking features: 2 Car Garage,2 Space/Unit,Boat,Front Entrance,Golf Cart Garage,Guest,Parking Lot,Rear Entrance,RV/Boat Parking,Garage Door Opener,Converted Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneRelatively High
  • Lightning
    LightningRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Coastal Flooding
Heat Wave
Tsunami

FEMA Declared Disasters in Escambia County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,326$27,912
Home Insurance *$1,085$13,020
Property Taxes $449$5,388
Electricity $271$3,260
Total$4,131$49,572
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$141,634/yr
40% on housing$123,930/yr
45% on housing$110,160/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 14.1%
14.1%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 3.1%
3.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$170This listing

vs Other Active Listings

Avg $/sqft

ZIP 32507$272
Escambia County$204

vs Homes Sold Last Month

Median $/sqft

ZIP 32507$193
Escambia County$168

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-29Listed for sale$480,000
2025-10-26Listing removed$2,950
2025-08-25Listed for rent$2,950
2024-09-13Listing removed$2,800
2024-08-03Listed for rent$2,800
2024-08-01Listing removed--
2024-06-23Listed for sale$515,000
2024-06-16Listing removed--
2024-05-28Listed for sale$600,000
2024-04-04Listing removed--
2024-03-05Listed for rent$4,000
2022-10-11Listing removed--
2022-09-10Price change$1,200
2022-08-09Listed for rent$2,400
2021-07-16Sold$336,000
2021-05-11Price change$354,500
2021-03-02Price change$359,500
2021-01-27Price change$367,500
2021-01-12Price change$369,900
2020-12-23Price change$374,900
2020-12-03Price change$379,900
2020-11-20Listed for sale$389,900
2019-12-31Sold$164,100
2006-08-08Sold$232,000

For Sale by Agent

AgentSadie O'gara
BrokerageLevin Rinke Realty

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