Pensacola, FL Real Estate Search

Pensacola, FL Land for Sale

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Newest Pensacola, FL Land for Sale

$1,350,000
409822 MLS
Unlock an exceptional investment opportunity in one of Perdido Key’s fastest-growing corridors. This 1.3-acre property offers an unparalleled mix of visibility, access, and flexibility, with 250 feet of frontage each on Innerarity Point Road, Galvez Road, and Cruzat Way. Zoned HDMU, it is primed for both residential and commercial development, creating multiple income streams from a single site. Originally platted into 10 residential lots, the property is ideal for boutique townhomes, upscale vacation rentals, or a mixed-use destination that combines ground-floor retail with high-demand upper-floor Airbnb units. Imagine the rental income from a thoughtfully designed complex featuring a coffee shop, boutique retail, or wellness studio below, paired with luxury short-term or long-term rentals above—perfectly positioned to capture year-round tourism and steady local demand. The location is unbeatable: across from the popular Hub Stacey’s, next to picturesque Innerarity Point Park, and steps from Galvez Landing for boating, fishing, and waterfront recreation. Residents and visitors alike will appreciate the ability to walk to restaurants, entertainment, and essential services. The neighborhood’s momentum is undeniable, with several new residential communities and a modern apartment complex recently completed, increasing foot traffic and creating a ready-made customer base. The combination of tourism growth, a booming residential population, and the area’s coastal charm makes this a rare chance to secure a high-performing asset in a market poised for continued appreciation. Whether your goal is steady cash flow, long-term equity growth, or both, this prime location offers the versatility and demand drivers that investors seek. Act now to claim your place in Perdido Key’s dynamic future. NO BEACH MOUSE PERMIT NEEDED! Buyer to verify all information during due diligence.

5661 Galvez Rd, Pensacola

$1,500,000
687544 MLS
RARE DUAL-WATER LOT — GULF & SOUND ACCESS. There's no other community like this one in the area. Perdido Key Coves offers what almost nothing else on Perdido Key can: canal access to Old River (the Sound) and proximity to the Gulf of America, plus deeded community beach access. This particular lot is one of the special few that delivers true two-way water access directly on the property — canal-front with an existing boat dock and lift already in place, and positioned directly across the street from the deeded beach access to the Gulf. For a serious boater, this is the holy grail: step out your back door onto your own dock for calm-water cruising, fishing, or paddling on the canal, then walk across the street to the sugary white sand and emerald waters of the Gulf in minutes — no driving or gulf cart required. This lot is also one of the largest left available to purchase in the community, with plenty of room to design a custom home and still leave space for a pool. Build to capture unobstructed water views from virtually every room, front to back. The Gulf-facing side borders Perdido Key State Park, with access to nearly two miles of protected shoreline offering wide stretches of natural, sugary white sand — a level of view protection and natural beauty that's rare. The community also features a private, fenced multi-use recreation area with pickleball and tennis courts, and benefits from HOA dues of only $400/year, covering street lighting, entrance maintenance, and periodic dredging of the community canals to help preserve boat access. Emergency services are located within a half mile of the lot, adding peace of mind. This lot combines waterfront, size, and unmatched beach proximity backed by protected parkland shoreline — a rare chance to secure one of the best-located, largest remaining waterfront homesites in a community unlike any other on Perdido Key.

7268 Sharp Reef Rd, Pensacola

$1,500,000
409037 MLS
RARE DUAL-WATER LOT — GULF & SOUND ACCESS There's no other community like this one in the area. Perdido Key Coves offers what almost nothing else on Perdido Key can: canal access to Old River (the Sound) and proximity to the Gulf of America, plus deeded community beach access. This particular lot is one of the special few that delivers true two-way water access directly on the property — canal-front with an existing boat dock and lift already in place, and positioned directly across the street from the deeded beach access to the Gulf. For a serious boater, this is the holy grail: step out your back door onto your own dock for calm-water cruising, fishing, or paddling on the canal, then walk across the street to the sugary white sand and emerald waters of the Gulf in minutes — no driving or gulf cart required. This lot is also one of the largest left available to purchase in the community, with plenty of room to design a custom home and still leave space for a pool. Build to capture unobstructed water views from virtually every room, front to back. The Gulf-facing side borders Perdido Key State Park, with access to nearly two miles of protected shoreline offering wide stretches of natural, sugary white sand — a level of view protection and natural beauty that's rare. The community also features a private, fenced multi-use recreation area with pickleball and tennis courts, and benefits from HOA dues of only $400/year, covering street lighting, entrance maintenance, and periodic dredging of the community canals to help preserve boat access. Emergency services are located within a half mile of the lot, adding peace of mind. This lot combines waterfront, size, and unmatched beach proximity backed by protected parkland shoreline — a rare chance to secure one of the best-located, largest remaining waterfront homesites in a community unlike any other on Perdido Key. Buyer to verify all information during due diligence.

7268 Sharp Reef Rd, Pensacola

$68,000
687250 MLS
Prime 2.14-acre land opportunity on Lillian Highway in Pensacola, Florida, offering excellent potential for development, investment, or future commercial and mixed-use use. Zoned MU-U, Mixed Use Urban, this property provides a flexible zoning designation designed to accommodate a variety of urban development opportunities, subject to applicable zoning regulations, approvals, utilities, access, and site requirements. The property features mature trees throughout the acreage, providing natural beauty, privacy, and an established character that could potentially be incorporated into a future development plan. With 2.14 acres and frontage along Lillian Highway, this property offers an attractive combination of size, visibility, accessibility, and development potential. Located in Pensacola, FL, along the established Lillian Highway corridor, the property provides convenient access to surrounding neighborhoods, businesses, major roadways, and the greater Pensacola area. Its location makes it worth considering for investors, developers, businesses, or buyers looking for land for sale in Pensacola with future development potential. Whether you're searching for commercial land in Pensacola, mixed-use development property, investment land, or acreage along Lillian Highway, this property offers a unique opportunity in a growing Northwest Florida market. Property highlights: 2.14 acres, Lillian Highway frontage, mature trees, MU-U Mixed Use Urban zoning, Pensacola location, and potential for a variety of future development concepts. Buyer to independently verify zoning, permitted uses, development standards, utilities, access, setbacks, environmental conditions, and all other property-specific information with the appropriate governmental agencies. Development potential is subject to applicable regulations and approvals.

5007 Lillian Hwy, Pensacola

$990,000
687226 MLS
Prime East Hill Development & Investment Opportunity – Rare Double Parcel with Potential Bay Views An exceptional investment and redevelopment opportunity in one of Pensacola's most sought-after neighborhoods. This rare combined property package encompasses two adjoining parcels totaling approximately 135' x 137.5' (18,562± square feet) on a highly desirable corner location in East Hill, directly across from a public park and just minutes from vibrant Downtown Pensacola. Whether you're seeking immediate rental income, a long-term investment, or a premier development opportunity, this property offers outstanding flexibility and upside. The existing homes provide excellent rental potential while future plans are realized, or the parcels may be redeveloped to maximize value. Significant pre-development work has already been completed, including City Planning approvals and documentation for: Demolition permit and clearance Arborist approval for tree removal Approval to subdivide into three residential lots Existing boundary surveys from the original purchase Front yard averaging completed on July 23, 2025, with documentation available The previously approved subdivision configuration consists of: One corner lot measuring approximately 50' x 137.5' Two interior lots measuring approximately 42.5' x 137.5' each The elevated location also offers the potential for Pensacola Bay views from future new construction. Property Details 1301 E. La Rua Street Parcel ID: 0005009025001065 3 Bedrooms | 2 Bathrooms Approximately 1,830 square feet Situated on a 70' x 137.5' (9,583± square foot) lot Zoned R-1AA Medium Density No Historic District restrictions 1305 E. La Rua Street Parcel ID: 0005009025002065 3 Bedrooms | 1 Bathroom Approximately 1,524 square feet Situated on a 65' x 137.5' (0.2052-acre) lot Zoned R-1AA Medium Density No Historic District restrictions Opportunities of this scale are increasingly rare in East Hill. With substantial entitlement work already completed

1301/1305 E La Rua St, Pensacola

$75,000
687220 MLS
Discover the opportunity to build your dream home on this .3697-acre corner lot in the private, gated community of Innerarity Island. Nestled in a peaceful natural setting, this property offers a wonderful connection to nature with abundant local wildlife. Residents can enjoy a beautifully maintained community park overlooking Perdido Bay, offering breathtaking sunset views. The park includes a pickleball court, small pier, and picnic area, with a new playground planned. Innerarity Island also offers a welcoming community atmosphere with activities activities and social gatherings, including golf cart parades, Kids play time, community dinners, and adult Wednesday nights. The property is zoned LDR (Low Density Residential). Per county zoning information, the lot allows one single-family dwelling and does not allow mobile homes. Accessory buildings are permitted only on lots of 2 acres or larger. The lot cannot be subdivided. County zoning information indicates minimum setbacks of 25 feet front and rear and a side setback of 5 feet or 10% of the lot width at the street right-of-way, whichever is greater, but not required to exceed 15 feet. The minimum width for other new lots is 60 feet at the right-of-way. Please verify all zoning, setbacks, permitted uses, and building requirements with the appropriate county departments. Public water and sewer are available; tap fees are due. See photos for GIS info ( wetlands, flood zone, soils, topo)

North Shore Ln, Pensacola

$775,000
686806 MLS
Rare 4.96-Acre HDR Development Opportunity – Create Pensacola's Next Residential Community. Imagine creating more than homes—create a destination where families can live, connect, and thrive. Located in one of West Pensacola's fastest-growing corridors, this approximately 4.96-acre High Density Residential (HDR) parcel offers an exceptional opportunity for a developer or builder to create a thoughtfully designed residential community in an area experiencing continued residential & commercial growth. Strategically located at the corner of Mier Henry Road & S. Crow Road, the property features approximately 380 feet of frontage on Mier Henry Road and nearly 492 feet along S. Crow Road, providing excellent visibility, accessibility, and multiple design possibilities. This unique property is just minutes from Fairfield Drive to the north & US Hwy 98 & Blue Angel Parkway to the south. Parcel is in a Flood Zone X, making it an attractive location for future residential development. The HDR zoning provides the flexibility to develop a variety of residential product types, including: Townhomes, Cottage or Patio Home Communities, Duplexes, Multifamily Residences or Build-to-Rent Communities. Rather than simply maximizing density, this property offers the opportunity to create a neighborhood that embraces Florida's natural beauty. Existing wetland areas can become a defining feature of the development by incorporating them into the community design as natural preserves with walking trails, observation areas, pocket parks, green space, and outdoor gathering areas (subject to applicable approvals). Instead of viewing nature as a limitation, transform it into one of the community's greatest amenities—creating a peaceful oasis that today's homebuyers increasingly seek. Imagine residents enjoying morning walks beneath canopy of mature trees, children exploring nearby green spaces, neighbors gathering in community parks, and families living within minutes of everything the need.

300 Blk Crow Rd, Pensacola

$139,000
686534 MLS
Prime Commercial Development Opportunity | 1203 W. Cervantes Street | Pensacola, FL Position your next commercial investment at one of Pensacola’s most visible and highly traveled corridors. Located at 1203 W. Cervantes Street, this approximately 0.19-acre C-1 Commercial parcel offers exceptional frontage, outstanding accessibility, and significant redevelopment potential in an area experiencing continued public and private investment. Unlike many vacant commercial sites, the property features an existing paved parking surface and established access points, offering potential cost savings and a faster path toward redevelopment. An outstanding feature of this property is its configuration and frontage, which may lend itself to redevelopment as two separate commercial lots, subject to buyer verification with the City of Pensacola regarding subdivision, zoning, and development requirements. This creates added flexibility for investors, developers, or owner-users seeking multiple income opportunities or phased development. Strategically positioned just minutes from Downtown Pensacola, Interstate 110, Baptist Hospital, and major retail and business districts, the site benefits from excellent visibility and exposure to both local and commuter traffic. Ideal for a variety of commercial uses, including: ? Professional or medical offices ? Boutique retail ? Restaurant or café ? Coffee shop or drive-thru concept ? Financial or insurance services ? Mixed commercial development ? Build-to-suit investment opportunities Whether you’re expanding your portfolio, developing for resale, or constructing your own business location, 1203 W. Cervantes Street offers a rare opportunity to secure a highly visible commercial site with flexible redevelopment potential in one of Pensacola’s most active growth corridors. Buyer to verify all zoning, subdivision, and intended use requirements with the appropriate governmental authorities.

1203 W Cervantes, Pensacola

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© 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 .