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Pensacola Beach, FL Multifamily Homes & Duplexes for Sale

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  • 518 Ft Pickens Rd, Pensacola Beach, FL 32561
    518 Ft Pickens Rd, Pensacola Beach, FL 32561
    518 Ft Pickens Rd, Pensacola Beach, FL 32561
    /13

    $795,000

    • 2 Beds
    • 2 Baths
    • 1,376 Sq Ft

    518 Ft Pickens Rd, Pensacola Beach, FL 32561

    Stunning Waterfront Property with Gulf & Sound Views + Elevator | Turnkey Investment OpportunityWelcome to this beautifully appointed, move-in-ready home on picturesque Pensacola Beach — offering the rare combination of elevator access, breathtaking views of both the Gulf of Mexico and Little Sabine Bay. This location can be used for full-time living, a vacation rental, or a second

    Gene Hurd Hurd Real Estate & Company LLC

    518 Ft Pickens Rd, Pensacola Beach, FL 32561
  • 900 Fort Pickens Rd Unit 811, Pensacola Beach, FL 32561
    900 Fort Pickens Rd Unit 811, Pensacola Beach, FL 32561
    900 Fort Pickens Rd Unit 811, Pensacola Beach, FL 32561
    /41

    $675,000

    • 3 Beds
    • 2 Baths
    • 1,440 Sq Ft

    900 Fort Pickens Rd Unit 811, Pensacola Beach, FL 32561

    Welcome to this fully furnished, freshly painted, single-story 3-bedroom, 2-bath corner unit—thoughtfully updated and designed to impress. This light-filled condo features new flooring in the bedrooms, neutral tile in main living areas, and extra windows showcasing breathtaking Sound views. Whether you're looking for a turn-key investment, primary residence, or vacation retreat, this home

    Christina Venable Levin Rinke Realty

    900 Fort Pickens Rd Unit 811, Pensacola Beach, FL 32561
  • 206 Panferio Dr, Pensacola Beach, FL 32561
    206 Panferio Dr, Pensacola Beach, FL 32561
    206 Panferio Dr, Pensacola Beach, FL 32561
    /61

    $955,000

    • 4 Beds
    • 3 Baths
    • 2,688 Sq Ft

    206 Panferio Dr, Pensacola Beach, FL 32561

    This rare-find on Panferio Drive -- the most sought-after street on the beach -- is full of surprises...! Nestled in a cozy setting, adorned with lush foliage and a fun back yard with tropical palm trees, you'll enjoy privacy in the back and multiple views of Santa Rosa Sound in the front as you experience all the beauty our island has to offer. The bottom level features two dining areas, a

    Conna O'Donovan Conna O'Donovan Real Estate Team LLC

    206 Panferio Dr, Pensacola Beach, FL 32561
  • 1191 Gulf Breeze Pkwy, Gulf Breeze, FL 32561
    1191 Gulf Breeze Pkwy, Gulf Breeze, FL 32561
    1191 Gulf Breeze Pkwy, Gulf Breeze, FL 32561
    /71

    $1,050,000

    • 4 Beds
    • 3 Baths
    • 2,720 Sq Ft

    1191 Gulf Breeze Pkwy, Gulf Breeze, FL 32561

    Step into luxury in this stunning, professionally designed townhouse—once the private home of an interior designer and brimming with upscale features and meticulous updates. Freshly painted with new luxury vinyl plank flooring throughout, and the top floor adorned in artisan Peter King tile, this home is as beautiful as it is thoughtfully designed. The remodeled kitchen is a chef's dream with

    Conna O'Donovan Conna O'Donovan Real Estate Team LLC

    1191 Gulf Breeze Pkwy, Gulf Breeze, FL 32561
  • 404 Fort Pickens Rd, Pensacola Beach, FL 32561
    404 Fort Pickens Rd, Pensacola Beach, FL 32561
    404 Fort Pickens Rd, Pensacola Beach, FL 32561
    /92

    $899,000

    • 3 Beds
    • 2.5 Baths
    • 1,920 Sq Ft

    404 Fort Pickens Rd, Pensacola Beach, FL 32561

    Conna O'Donovan Conna O'Donovan Real Estate Team LLC

    404 Fort Pickens Rd, Pensacola Beach, FL 32561
Florida Santa Rosa County Pensacola Beach

Multi-Family Homes & Duplexes for Sale in Pensacola Beach, FL

Why Live in Pensacola Beach

Pensacola Beach, FL, is a scenic community on the Santa Rosa barrier island, known for its snow-white sand beaches and emerald waters. Accessible by a toll bridge, this area is flanked by national seashores, state parks, and nature preserves, maintaining its old Florida charm with restricted building heights and limited developments. The housing market features a range of options from condominiums and townhouses to single and multi-family homes, with gulf-front properties offering expansive views. Residents and visitors enjoy eight miles of beach with activities like wakeboarding, jet skiing, and fishing at the Gulf Pier. Off-beach attractions include mini golf, go-kart racing, and exploring historic Fort Pickens. Nearby Naval Live Oaks Nature Preserve offers hiking trails and picnic areas. Pensacola, less than nine miles away, and Gulf Breeze, just two miles away, provide additional shopping, dining, and entertainment options. Local dining highlights include Shaggy’s Waterfront Bar & Grill, known for its seafood. Pensacola Beach Charter School serves K-5 students on the island, while other highly rated schools like A.K. Suter Elementary, Brown Barge Middle, and West Florida High School of Advanced Technology are accessible via a short commute. Public transit includes a free trolley service during peak season and bus connections to Gulf Breeze and Pensacola. Pensacola International Airport, 12.5 miles away, offers direct flights to major cities. While the area is at high risk for hurricanes, high winds, and flooding, the community remains a popular destination for its natural beauty and recreational opportunities.

Learn more about living in Pensacola Beach

Home Trends in Pensacola Beach, FL

On average, homes in Pensacola Beach, FL sell after 123 days on the market compared to the national average of 52 days. The median sale price for homes in Pensacola Beach, FL over the last 12 months is $747,200, up 1% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$747,200
Median Single Family Sale Price
$1,800,000
Median Townhouse Sale Price
$899,000
Median 2 Bedroom Sale Price
$679,950
Median 1 Bedroom Sale Price
$445,000
Average Price Per Sq Ft
$585
Number of Homes for Sale
66
Last 12 months Home Sales
114
Months of Supply
6.90
Median List Price
$789,225
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
1%
How to Buy a Home How to Finance a Home How to Sell a Home

In Pensacola Beach, there are currently 5 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $675,000 to $1,050,000, there's a range to accomodate every budget. As of September, 2025 the median home price in Pensacola Beach is $789,225, while the average sale price is $853,957, offering insights into the local housing market. On average, multi-family homes spend 123 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Pensacola Beach, FL.

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