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$249,000
684864 MLS
This parcel of land on Palafox in North Hill is an absolute gem of a property, offering a rare combination of single-family residential, multi-family residential, and conditional commercial usage (zoned PR2). Finding a lot with this specific blend of traits in an area surrounded by beautiful, large Victorians and turn-of-the-century homes is a massive win for property value and long-term stability. While it sits right on a main artery, an access road (Lee's alleyway) in front of the property provides a great buffer and a convenient setback from the main street. This provides incredible visibility for a business and also provides privacy and easier access to the property. Long Hollow Park sits directly behind the parcel.

1000 BLK N Palafox, Pensacola

$155,000
684494 MLS
Builders, investors, and future homeowners, this is the kind of opportunity that doesn't come around often. The possibilities here are wide open. Whether you're looking to build your dream home, create multiple homesites, hold as an investment, or explore development opportunities, this property deserves a closer look. One of the biggest advantages is the potential to subdivide the property (subject to county approval and zoning requirements), making it an attractive option for builders, developers, or investors looking to maximize its value. Whether you keep it all for yourself or create multiple parcels, there is plenty of flexibility here. Bring your builder, your surveyor, and your imagination, because this property has the potential to be much more than just vacant land.

1903 John Carroll Dr, Pensacola

$75,000
396797 MLS
Wooded cul-de-sac lot on Innerarity Island offering the ideal setting for your dream home within one of Perdido Key’s most sought-after gated communities. This prime homesite backs up to protected greenspace, creating added privacy and a peaceful natural backdrop, while the cul-de-sac positioning allows the potential for a beautiful circular driveway design. Even more exciting, Innerarity Island recently placed over 100 acres into conservation, helping preserve the island’s natural beauty, wildlife, and tranquil atmosphere for generations to come. Annual undeveloped lot HOA dues are currently just $515 per year and include maintenance of the common areas, private roads, waterfront park, and security gate. Surrounded by well-maintained homes and just steps from the community waterfront park overlooking Perdido Bay, this lot offers the perfect blend of privacy, community, and coastal lifestyle. Innerarity Island is known for its breathtaking natural scenery, abundant wildlife, and strong sense of community. The island serves as a sanctuary for deer, foxes, ospreys, and other native wildlife, while residents enjoy an active social atmosphere with golf cart parades, potluck gatherings, Wine Wednesdays, and neighborhood events throughout the year. At the heart of the community is the beautifully maintained waterfront park featuring pickleball courts, a small pier, & picnic areas. Residents often gather for “Sunsets at the Park,” where neighbors connect over wine, bay views, and coastal breezes. Securely gated, Innerarity Island offers a rare opportunity to build your dream home in a setting where modern coastal living meets preserved natural beauty and an unmatched community spirit. Buyer to verify all information during due diligence.

16651 Seascape St, Pensacola

$69,900
396757 MLS
PENSACOLA, FL — 0.24+/ Lot Near Bayou Grande | Owner Financing Available (terms negotiable) | Adjacent Home & Acreage Also Available - Less than a mile from the Weller Avenue public boat ramp and Bayou Grande at the end of Waycross Ave., this 0.24+/- acre corner lot offers a rare chance to build, invest, or put down roots near the water. If location is your priority, this one checks the box. Set on a corner lot outside Pensacola city limits in Escambia County's High Density Mixed-Use (HDMU) district, this parcel offers real flexibility. Depending on your plans and applicable approvals, HDMU may allow for single-family residential construction or certain small-scale commercial uses — making this a versatile opportunity in a coastal-adjacent setting. Mature palm trees already frame the lot, offering a natural coastal character and a head start on curb appeal. There's room for a custom build, outdoor living design, a personal garden, or future expansion — the canvas is open.Looking for more room to work with? Property is next to 3710 Stonewall Ave. This adjacent 0.24+/- acre lot with a 3BR/2BA, 1,392 sq ft as-is home is also available for purchase separately — ask for details. Buyer to verify all information during due diligence.

Stonewall Ave, Pensacola

$220,000
394539 MLS
Build Your Coastal Dream Home on Perdido Key! Tucked away in the desirable Herons Walk community, this vacant homesite offers the perfect opportunity to create your ideal beach retreat. Just a short stroll leads you to the sugar-white sands of the Gulf of Mexico and the pristine shoreline of Gulf Islands National Seashore at Rosamond Johnson Beach—perfect for morning walks, bike rides, and unforgettable sunsets. Enjoy the convenience of community amenities, including a neighborhood pool, along with sidewalks along Johnson Beach Road that make it easy to walk or bike to nearby restaurants, shops, and local favorites. Whether you're ready to build your primary residence, a second home, or an income-producing rental, this location offers the best of coastal living with strong investment potential. Live the beach lifestyle now—or build for your future and let rental income help offset ownership costs until you're ready to make it your full-time escape. Buyer to verify all information during due diligence.

925 Nautilus Ct, Pensacola

$1,700,000
389268 MLS
Incredible Investment Opportunity | Marina Asset at a 10% Cap Rate46 Boat Slips | Bayou Chico – Pensacola, Florida | In Front of Martinique on the BayouAn exceptional opportunity to acquire a high-performing marina investment featuring 46 boat slips, ideally located in the heart of Bayou Chico, directly in front of the Martinique on the Bayou condominium community. This waterfront asset offers protected deep-water access, calm bayou conditions, and immediate connectivity to Pensacola Bay and the Gulf of Mexico.Strategically positioned near downtown Pensacola, NAS Pensacola, and key waterfront destinations, the marina benefits from strong local and transient boater demand. The surrounding residential density—anchored by an established condo development—creates built-in demand and long-term stability for slip occupancy.The marina features 46 well-maintained slips, easy navigation, and excellent water and shoreline visibility, making it well-suited as a stabilized, income-producing asset or a value-add opportunity (subject to approvals). Bayou Chico is widely regarded as one of Pensacola’s most protected and boating environments.With an attractive 10% cap rate, proven cash flow, and premier waterfront positioning, this marina represents a rare opportunity to acquire a cash-flowing maritime asset in one of Pensacola’s most established boating corridors.Buyer to verify all information during due diligence. Buyer to verify all information during due diligence.

3611 Navy Blvd, Pensacola

$1,950,000
365754 MLS
This property, spanning approximately 11.0618 acres, is zoned HDMU, 25 units per acrea, according to the Escambia County Property Appraiser website, making it suitable for development into apartments, condos, or townhouses. The site features 1.27 acres of wetlands, much of which comprises a lake along the southern boundary, providing natural buffers along with the wetlands on the western boundary.Key features of the property include:458 feet of frontage along Jernigan Road30 feet of frontage along Jo Jo RoadProximity to various amenities and landmarks, including:Approximately 2 miles from the University of West Florida (UWF)Close to Target Shopping Center, Publix, Walmart, and the Baptist Health Care Center on 9 Mile RoadNear West Florida Hospital on University ParkwayAbout 2 miles from Ellyson Clean Air Industrial Park and the University Mall areaThis prime location and natural surroundings make it an attractive site for residential development. This is an equitable interest listing where seller is selling only an option contract or assigning an interest in a contract, such as a purchase and sale agreement or a contract for deed. In this situation, the seller does not have legal title to the property, but the equitable interest gives seller the right to acquire legal title. Buyer to verify all information during due diligence.

8605 Jernigan Rd, Pensacola

$799,000
385092 MLS
Rare opportunity! This 30.81-acre property along Perdido Bay in Perdido Key/Pensacola offers an incredible 850 feet of waterfront—making it one of the largest and most versatile land offerings in the area. Whether you’re dreaming of building a private estate, family compound, or developing a resort-style community, the possibilities are endless. Developers will love the potential here: room for both waterfront and interior homes, plus space for amenities like a pool, pickleball courts, pavilion with fireplace, boardwalks, trails, and a community beach with picnic area. The property is as beautiful as it is expansive, with mature trees, native vegetation, and abundant wildlife creating a peaceful natural setting. The wide bay frontage is ideal for boating, fishing, kayaking, or simply relaxing while soaking in the views and coastal breezes. Just minutes from Perdido Key’s sugar-white beaches, Orange Beach, and the Gulf of Mexico, you’ll also enjoy easy access to NAS Pensacola, downtown Pensacola, and nearby parks like Tarkiln Bayou Preserve with miles of hiking and bird-watching trails. This is truly a rare find—vast acreage, significant waterfront, and unmatched natural beauty all in one location. Whether kept as a private sanctuary or transformed into a thoughtfully designed community, this land is a blank canvas ready for the vision of its next owner. Totaling three parcels – giving you multiple access points. The Alabama Pass is just a 30-minute boat ride away, giving you endless access to both inshore and offshore adventures. Don’t miss your chance to secure a remarkable piece of Perdido Bay. Buyer to verify all information during due diligence.

12600 Meadson Rd, Pensacola

© Baldwin County Association of Realtors, Inc. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocitysm Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on .