$269,000
$30K PRICE DROP

16590 Perdido Key Dr Unit 1A Pensacola, FL 32507

Perdido Key Neighborhood

Estimated payment $3,573/month

Total Views 12,205
2 Beds
2 Baths
900 Sq Ft
$299 Price per Sq Ft

Highlights

  • Deeded Waterfront Access Rights
  • Fishing
  • Waterfront
  • Private Dock
  • Gulf View
  • 2.24 Acre Lot

About This Home

WOW--- a 2BR/2BA Beach condo for $269k?? YES!! It is PRICED TO SELL, so DON'T Sleep on This One!!! Molokai Villas is a "Villa Style" condo complex and is one of only a handful of Perdido Key properties with BOTH a private beach AND River Access. Molokai Villas owners and guests enjoy one of the best uncrowded beaches on Perdido Key AND the convenience of boat docks on the deep waters of Old River with quick access to Gulf. This well decorated and meticulously cared for 2nd floor unit has been updated with fresh paint, quartz countertops and newer furnishings giving it a completely Coastal Calm feeling. The cottage has continuous neutral tile flooring throughout and a sleeper sofa in the living room. The kitchen features stainless steel appliances, recently installed quartz countertops and new backsplash. The primary bedroom features a french door to the balcony and an en-suite bath. The guest room has a twin over queen bunk to comfortably accommodate up to three additional people. When you're not relaxing on the polywood furniture on the balcony, take a short stroll to the riverside pool. Store your boat in the first come first serve slips, fish from the pier, or take the short walk across the street to the beautiful uncrowded beach! This one truly offers ALL the best of beach and river front living. It is turn-key MOVE IN or RENT READY for you!Monthly HOA dues of $1819.12 include insurance and painting accruals. All information thought to be true and accurate but should be verified by buyer or buyers agent. Buyer to verify all information during due diligence.

Listing Agent

Dee Koranda

Levin Rinke Realty Listed on: 09/04/2025

Levin Rinke Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,087

Year Built

  • Built in 2007

Lot Details

  • 2.24 Acre Lot
  • Waterfront
  • Landscaped

HOA Fees

  • $1,819 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Duplex
  • Entry on the 2nd floor
  • Composition Roof
  • Concrete Fiber Board Siding
  • Piling Construction

Interior Spaces

  • 900 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Window Treatments
  • Tile Flooring
  • Gulf Views

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deeded Waterfront Access Rights
  • Private Dock

Schools

  • Not Baldwin County Elementary And Middle School

Utilities

  • Heating Available
  • Underground Utilities
  • Electric Water Heater
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 064S322950101002
  • $762 per year additional tax assessments

Community Details

Overview

  • Association fees include management, common area insurance, ground maintenance, pest control, recreational facilities, reserve funds, taxes-common area, trash, water/sewer, pool

Recreation

  • Community Pool
  • Fishing

Pet Policy

  • Only Owners Allowed Pets

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,087

Year Built

Built in 2007

Lot Details

0

HOA Fees

$1,819 per month

Listing Details

  • Property Type: Residential
  • View: Indirect Gulf-Across Rd
  • Parcel Number: 064S322950101002
  • Year Built: 2007
  • Property Sub-Type: Duplex
  • ResoCommunityFeatures: Fishing, Landscaping
  • ResoLotFeatures: 1-3 acres
  • Lot Size Acres: 2.24
  • Water Body Name: Old River
  • Co List Office Phone: 850-916-5050
  • Ownership: Whole/Full
  • MLS Status: Active
  • Subdivision Name: Molokai Villas
  • ResoBuildingAreaSource: Assessor
  • Carport Y N: No
  • Entry Level: 2
  • Reso Interior Features: Ceiling Fan(s), En-Suite, Internet
  • Unit Levels: One
  • Living Area: 900
  • New Construction: No
  • Property Attached Yn: Yes
  • ResoPropertyCondition: Resale
  • Reso Structure Type: Duplex
  • Reso Window Features: Window Treatments
  • BK20_LFD_BoatFacilities_4: Boat Dock, Slip-1st Come 1st Served, Water Depth (4 ft+)
  • Kitchen Level: Main
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Range, Refrigerator w/Ice Maker, Washer, Electric Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Tile
  • Stories: 1
  • Master Bedroom Master Bedroom Level: Main
  • Room Bedroom2 Level: Main
  • Master Bedroom Features: 1st Floor Primary

Exterior Features

  • Roof: Composition
  • Waterfront: Yes
  • Pool Features: Association
  • View: Yes
  • Waterfront Features: Beach Accs (<=1/4 Mi), Deeded Access, Gulf Accs (<=1/4 Mi), River Acc (<=1/4 Mi)
  • Disclosures: Seller Disclosure
  • Construction Type: Concrete Board
  • Foundation Details: Pilings

Garage/Parking

  • Attached Garage: No
  • Parking Features: Assigned

Utilities

  • Utilities: Underground Utilities, Cable Connected
  • Heating: Electric
  • HeatingYN: Yes

Condo/Co-op/Association

  • Association Fee: 1819
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Owners Only

Fee Information

  • Association Fee Includes: Association Management, Common Area Insurance, Maintenance Grounds, Pest Control, Recreational Facilities, Reserve Funds, Taxes-Common Area, Trash, Water/Sewer, Pool

Schools

  • Middle Or Junior School: Not Baldwin County

Lot Info

  • Lot Size Sq Ft: 97574.4
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Annual Amount: 4087
  • Tax Other Annual Assessment Amount: 762

MLS Schools

  • Elementary School: Not Baldwin County
  • HighSchool: Not Baldwin County

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,184 $319,500 -- $319,500
2023 $4,184 $306,000 $0 $306,000
2022 $4,345 $315,000 $0 $315,000
2021 $2,306 $157,500 $0 $0
2020 $2,822 $198,000 $0 $0
2019 $2,783 $193,500 $0 $0
2018 $2,851 $194,400 $0 $0
2017 $2,244 $147,850 $0 $0
2016 $2,280 $147,850 $0 $0
2015 $2,174 $140,000 $0 $0
2014 $2,111 $134,899 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/16/2025 11/16/25 Price Changed $269,000 -10.0% $299 / Sq Ft
08/14/2025 08/14/25 For Sale $299,000 -14.3% $332 / Sq Ft
09/08/2021 09/08/21 Sold $349,000 0.0% $388 / Sq Ft View Prior Sale
07/19/2021 07/19/21 Pending -- -- --
07/13/2021 07/13/21 For Sale $349,000 +61.6% $388 / Sq Ft
06/30/2017 06/30/17 Sold $216,000 0.0% $240 / Sq Ft View Prior Sale
05/26/2017 05/26/17 Pending -- -- --
04/17/2017 04/17/17 For Sale $216,000 +25.2% $240 / Sq Ft
08/08/2013 08/08/13 Sold $172,500 -6.8% $192 / Sq Ft View Prior Sale
07/09/2013 07/09/13 Pending -- -- --
04/01/2013 04/01/13 For Sale $185,000 -- $206 / Sq Ft
Source: Baldwin REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $349,000 Attorney
Warranty Deed $216,000 Anchor Title & Escrow Llc
Warranty Deed $172,500 None Available
Warranty Deed $167,500 Southern Guaranty Title Comp
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $261,750 New Conventional
Previous Owner $172,800 Commercial
Previous Owner $144,500 New Conventional
Source: Public Records

Source: Baldwin REALTORS®

MLS Number: 384672

Baldwin REALTORS®

APN: 06-4S-32-2950-101-002