$381,500
SOLD MAY 2, 2016

Shipwatch Condo 16787 Perdido Key Dr Unit D701 Pensacola, FL 32507

Perdido Key Neighborhood
2 Beds
2 Baths
1,184 Sq Ft
$519/mo HOA Fee

Recently Sold

$322 Per Sq Ft

4% Below List Price

Highlights

  • Boat Dock
  • Pier
  • Parking available for a boat
  • Beach
  • Boat or Launch Ramp
  • Property fronts gulf or ocean

About This Home

As of June 2025

RELAX AND ENJOY ISLAND LIVING FROM THIS CHARMING, LOVINGLY-MAINTAINED 2-BEDROOM GULF-FRONT RESIDENCE AT SHIPWATCH, ONE OF PERDIDO KEY'S PREMIER BEACH AND BOATING COMMUNITIES! THIS SPACIOUS RESIDENCE HAS BEEN BEAUTIFULLY UPDATED AND FEATURES WOOD BURNING FIREPLACE, MODERN KITCHEN AND 240 SQFT OF COVERED BALCONY TO ENJOY OUTDOOR LIVING AND WATCH BREATHTAKING, UNOBSTRUCTED SUNSET VIEWS! Shipwatch owners ENJOY THE BEST OF BOTH WORLDS with uncrowded beaches and Gulf-front pool & clubhouse PLUS boat launch, boat storage and first-come, first-serve boat slips on the deep waters of Ole River. This residence has beautiful tile flooring throughout the main living, dining and kitchen areas with carpet in the bedrooms. An open-concept kitchen features plenty of natural light, abundant cabinet space and granite counter-tops. The spacious Master Bedroom is directly Gulf-front with access to the Gulf balcony. PLENTY OF ROOM TO STORE YOUR BEACH, POOL AND BOATING SUPPLIES WITH TWO OWNER STORAGE CLOSETS. Shipwatch has one of the strongest Homeowner Associations on the island and has excellent on-site management and maintenance staff. Great amenities including tennis courts, fitness room, sauna, indoor hot tub, Gulfside pool and clubhouse, and a charming Riverside pool surrounded by lovely landscape and indigenous "Live Oak" trees. Shipwatch has a wonderful "residential feeling" with mostly second-home owners. Great rental potential! FURNISHINGS AVAILABLE FOR AN ADDITIONAL 10K. PATIO FURNITURE & ARTWORK DO NOT CONVEY. Relax and come home to laid-back island life!

Last Agent to Sell the Property

Katherine Justice

Levin Rinke Realty Listed on: 03/24/2016

Levin Rinke Realty

Last Buyer's Agent

Kerri Hutchinson

Levin Rinke Realty

Levin Rinke Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,611

Year Built

  • Built in 1983

Lot Details

HOA Fees

  • $519 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Pillar, Post or Pier Foundation
  • Built-Up Roof
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 1,184 Sq Ft Home
  • Multi-Level Property
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Fireplace
  • Combination Dining and Living Room
  • Inside Utility

Kitchen

  • Built-In Microwave
  • Freezer
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Tile Bathroom Countertop
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only

Home Security

Parking

  • Parking Lot
  • Parking available for a boat
  • RV or Boat Parking

Pool

  • Pool and Spa
  • In Ground Pool

Outdoor Features

  • Pier
  • Boat or Launch Ramp
  • Docks
  • Balcony
  • Gazebo

Schools

  • Hellen Caro Elementary School
  • Bailey Middle School
  • Escambia High School

Utilities

  • Central Heating and Cooling System
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 014S331100701004

Community Details

Overview

  • Association fees include cable TV, ground maintenance, maintenance, pest control, trash, water/sewer
  • Shipwatch Surf & Yacht Club Subdivision

Amenities

  • Picnic Area
  • Elevator

Recreation

  • Pier or Dock
  • Beach
  • Community Spa

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,611

Year Built

Built in 1983

Lot Details

0

HOA Fees

$519 per month

Listing Details

  • Parcel Number: 014S331100701004
  • Property Type: Residential
  • Year Built: 1983
  • Electric: Circuit Breakers
  • Property Sub Type: Condo
  • Horses: No
  • Lot Size Acres: 10.0422
  • Road Surface Type: Paved
  • Subdivision Name: Shipwatch Surf & Yacht Club
  • Directions: From Pensacola, drive over the Theo Baars Bridge onto Perdido Key approx. 5 miles to Shipwatch Surf & Yacht Club on your left (Gulf side). From Orange Beach, approx. .8 miles from Flora-Bama line.
  • Architectural Style: Traditional
  • Building Name: Shipwatch Surf & Yacht Club
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: 4 to 7 Story
  • New Construction: No
  • Kitchen Level: First
  • Special Features: VirtualTour

Interior Features

  • Spa Features: Community
  • Appliances: Electric Water Heater, Built In Microwave, Dishwasher, Disposal, Freezer, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: Yes
  • Flooring: Tile, Carpet
  • Interior Amenities: Baseboards, Ceiling Fan(s), Crown Molding, High Ceilings
  • Bedroom/Bathroom Features: Not Updated
  • Dining Room Features: Living/Dining Combo
  • Master Bedroom Master Bedroom Level: First
  • Master Bedroom Master Bedroom Width: 16
  • Master Bedroom Features: Ceiling Fan(s), Walk-In Closet(s)
  • Room Kitchen Features: Not Updated, Granite Counters
  • Room Kitchen Area: 154
  • Room Master Bedroom Area: 192
  • Master Bathroom Features: Double Vanity, Shower Only, Tile

Exterior Features

  • Roof: Built-Up
  • Pool Features: In Ground, Pool/Spa Combo
  • View: Gulf
  • View: Yes
  • Waterfront Features: Gulf, Waterfront, Beach Access, Boat Launch, Natural, Pier
  • Waterfront: Yes
  • Construction Type: Block, Concrete
  • Exterior Features: Balcony, Dock
  • Foundation Details: Pillar/Post/Pier
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Boat, Parking Lot, RV/Boat Parking

Utilities

  • Heating: Central, Fireplace(s)
  • Cooling: Central Air, Ceiling Fan(s)
  • Sewer: Public Sewer
  • Laundry Features: Inside
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Beach, Pool, Dock, Elevator, Fitness Center, Pavilion/Gazebo, Picnic Area, Pier, Tennis Court(s)
  • Association Fee: 6228
  • Association Fee Frequency: Annually
  • Association: Yes
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Association, Cable TV, Maintenance Grounds, Maintenance, Pest Control, Trash, Water/Sewer

Schools

  • Elementary School: Hellen Caro
  • High School: Escambia
  • Middle Or Junior School: Bailey

Lot Info

  • Lot Size Sq Ft: 437438.232
  • Zoning Description: Res Multi
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2025
Closed on
Jun 20, 2025
Sold by
Reaves Martha G
Bought by
Gregory Mark T and Gregory Valerie A
Seller's Agent
Tucker Shaver
Signature Properties
Buyer's Agent
Tina DAversa
eXp Realty Southern Branch
List Price
$675,000
Sold Price
$625,000
Premium/Discount to List
-$50,000
-7.41%
Views
19

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
149.89%

Purchase Details

Closed on
May 31, 2024
Sold by
Burton James J and Burton Amanda S
Bought by
Reaves Martha G

Purchase Details

Listed on
Sep 25, 2019
Closed on
Oct 28, 2019
Sold by
Pruet Arthur W and Pruet Madelyn
Bought by
Burton James J and Burton Amanda S
Seller's Agent
Kerri Hutchinson
Levin Rinke Realty
Buyer's Agent
Deborah Eells
Coastal Paradise Real Estate, LLC
List Price
$479,900
Sold Price
$480,000
Premium/Discount to List
$100
0.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.06%
Original Mortgage
$300,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 24, 2016
Closed on
May 2, 2016
Sold by
Womble Enterprises Llc
Bought by
Pruet Arthur W and Pruet Madelyn
Seller's Agent
Katherine Justice
Levin Rinke Realty
Buyer's Agent
Kerri Hutchinson
Levin Rinke Realty
List Price
$399,000
Sold Price
$381,500
Premium/Discount to List
-$17,500
-4.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.80%

Purchase Details

Closed on
Sep 12, 2013
Sold by
Gift Daniel T and Gift Camille C
Bought by
Womble Enterprises Llc

Purchase Details

Closed on
Jan 21, 2008
Sold by
Gift Daniel T
Bought by
Gift Daniel T and Gift Camille C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,000
Interest Rate
6.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 3, 2008
Sold by
Kilpatrick Andrew C
Bought by
Gift Daniel T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,000
Interest Rate
6.15%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Similar Homes in Pensacola, FL

  • 14100 River Rd Unit 324, Pensacola, FL 32507

    $305,000

    • 2 Beds
    • 2 Baths
    • 1,066 Sq Ft
    • 14100 River Rd
    • Unit 324
    • Pensacola, FL

    Welcome to this gorgeous top-floor, 2-bedroom, 2-bath condo with breathtaking water views overlooking the Holiday Harbor Marina. Situated on the uppermost level, this home boasts soaring cathedral ceilings in the great room, adding an extra touch of elegance and space. Enjoy the peace and tranquility of no noise from above, along with the cozy ambiance created by the electric fireplace. Step

    LaGay Fenters POINTE SOUTH

    Section Image
  • 608 Lost Key Dr Unit 804C, Pensacola, FL 32507

    $449,000

    • 3 Beds
    • 2 Baths
    • 1,624 Sq Ft
    • 608 Lost Key Dr
    • Unit 804C
    • Pensacola, FL

    JUST REDUCED! LUXURY LIVING.... COVERED PARKING! AMENITIES GALORE AT LOST KEY GOLF AND BEACH CLUB!!! 18 HOLE ARNOLD PALMER GOLF COURSE W/ RESTAURANT, BAR, & PRO SHOP, PRIVATE BEACH CLUB WITH RESTAURANT, BAR. TAKE BEACH SHUTTLE TO THE PRIVATE BEACH! Miles of quiet roads and sidewalks for biking and walking are all inside a private gated 400-acre natural wetland preserve. You will find pickleball

    Carole Shackelford HomeSmart Sunshine Realty

    Section Image
  • 16590 Perdido Key Dr Unit 6B, Pensacola, FL 32507

    $405,000

    • 2 Beds
    • 1.5 Baths
    • 950 Sq Ft
    • 16590 Perdido Key Dr
    • Unit 6B
    • Pensacola, FL

    PHOTOS TO BE UPLOADED 6/25/25. Waterfront 2BR/2BA villa in Perdido Key with stunning Ole River views, private dock, and boat slip! Located in the best spot in charming Molokai Village—directly across from the pool and beach access. Features include updated interiors, stainless steel appliances, modern finishes, and a spacious deck with direct beach access. Ideal for Airbnb, second home, or

    Lonnie Cowan KELLER WILLIAMS REALTY GULF COAST

    Section Image
  • 16590 Perdido Key Dr Unit 6A, Pensacola, FL 32507

    $448,000

    • 2 Beds
    • 2 Baths
    • 1,044 Sq Ft
    • 16590 Perdido Key Dr
    • Unit 6A
    • Pensacola, FL

    Experience coastal living at its finest in this beautifully furnished condo at Molokai Villas, offering stunning WATERFRONT views. This spacious 2BR/2BA unit includes a VERSATILE LOFT—ideal for guests, an office, or extra living space. The primary suite features private balcony access, creating a serene retreat. Hoa dues include all fees including insurance. The kitchen is outfitted with

    Amanda Farmer EXIT Realty Landmark

    Section Image
  • 16590 Perdido Key Dr Unit 5A, Pensacola, FL 32507

    $335,000

    • 2 Beds
    • 2 Baths
    • 900 Sq Ft
    • 16590 Perdido Key Dr
    • Unit 5A
    • Pensacola, FL

    NEW PRICE: Beautiful and nicely furnished condo on Old River. Condo has a fully equipped kitchen. Stackable washer/dryer. HVAC 2 years and roof 3 years old. Fresh exterior paint. Complex features a pier with a gazebo and boat slips, a sandy beach, community pool, and deeded access to gulf beach across the street. Great location toward the back of the complex close to the pool and pier. The unit

    Jim Vickers Connell & Company Realty Inc.

    Section Image
  • 16470 Perdido Key Dr Unit 33B, Pensacola, FL 32507

    $349,900

    • 1 Bed
    • 1 Bath
    • 684 Sq Ft
    • 16470 Perdido Key Dr
    • Unit 33B
    • Pensacola, FL

    Recently updated and easy to show top floor, large balcony, 1 bedroom 1 bathroom condo has just been updated and ready for you!! Great views of Ole River with deeded beach access across the street!! This unit has smooth ceilings, stainless appliances, crown molding, new floors, new paint, recessed lighting, and new light switches. The property has fantastic boating access with 2 piers on Ole

    Coleman Grau RE/MAX Paradise, Inc.

    Section Image
  • 16470 Perdido Key Dr Unit B15, Pensacola, FL 32507

    $370,000

    • 2 Beds
    • 2 Baths
    • 1,076 Sq Ft
    • 16470 Perdido Key Dr
    • Unit B15
    • Pensacola, FL

    Recently renovated 2 bedroom unit on Old River with dedicated deeded access to the white sand beaches of Perdido Key just across the street. Open tiled living area (crown/plantation shutters) leads to the covered balcony with expansive Old River views (boating/birds/dolphins). The kitchen includes granite counters, pantry cabinets, and new appliances with a tiled backsplash. The Master suite is

    Michael Whitner RE/MAX GULF PROPERTIES

    Section Image
  • 16470 Perdido Key Dr Unit C22, Pensacola, FL 32507

    $399,999

    • 2 Beds
    • 2 Baths
    • 1,076 Sq Ft
    • 16470 Perdido Key Dr
    • Unit C22
    • Pensacola, FL

    Own a Piece of Paradise on Perdido Key! Discover the charm of waterfront living at Sundown Condominiums, a serene retreat on Old River. This fully furnished 2-bedroom, 2-bath second-floor condo is move-in or rental-ready, offering stunning water views and coastal comfort. Step into a spacious open-concept living and dining area, where natural light pours in through sliding doors leading to a

    Laurie Melvin Bastion Realty LLC

    Section Image
  • 17290 Perdido Key Dr Unit 3A, Pensacola, FL 32507

    $449,000

    • 1 Bed
    • 2 Baths
    • 772 Sq Ft
    • 17290 Perdido Key Dr
    • Unit 3A
    • Pensacola, FL

    Condo on Ole River in Perdido Key, FL - Perfect for Investment or Vacation! This brand-new, 2022-built, 1-bedroom, 2-bath condo is perfectly situated on Ole River in beautiful Perdido Key, FL. Enjoy easy access to the beach during the day through the Florabama, just across the street, and take advantage of the assigned boat slip with lift (lift conveys) – a rare and valuable feature! This condo

    Peyton Yarborough RE/MAX of Orange Beach

    Section Image
See All Homes in Pensacola

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $625,000 None Listed On Document
Warranty Deed $650,000 Allure Title
Warranty Deed $480,000 Attorney
Warranty Deed $381,500 Coastal Land Title Llc
Warranty Deed $303,500 Attorney
Interfamily Deed Transfer $160,500 Attorney
Warranty Deed $401,300 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $301,500 New Conventional
Previous Owner $300,000 New Conventional
Previous Owner $304,000 New Conventional
Previous Owner $321,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2025 06/20/25 Sold $625,000 -7.4% $423 / Sq Ft
06/05/2025 06/05/25 Pending -- -- --
05/05/2025 05/05/25 For Sale $675,000 +40.6% $456 / Sq Ft
10/28/2019 10/28/19 Sold $480,000 0.0% $405 / Sq Ft
09/24/2019 09/24/19 For Sale $479,900 +25.8% $405 / Sq Ft
05/02/2016 05/02/16 Sold $381,500 -4.4% $322 / Sq Ft
03/24/2016 03/24/16 For Sale $399,000 -- $337 / Sq Ft
05/15/2015 05/15/15 Pending -- -- --
Source: Pensacola Association of REALTORS®

Tax History Compared to Growth

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 $6,611 $503,200 -- $503,200
2023 $6,611 $479,934 $0 $0
2022 $6,198 $479,520 $0 $479,520
2021 $3,421 $237,984 $0 $0
2020 $5,527 $396,640 $0 $0
2019 $4,923 $349,280 $0 $0
2018 $4,863 $351,648 $0 $0
2017 $4,380 $297,000 $0 $0
2016 $4,015 $268,000 $0 $0
2015 $3,757 $252,500 $0 $0
2014 $3,387 $219,789 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tucker Shaver

    Seller's Agent in 2025

    Tucker Shaver

    Signature Properties

    (251) 609-9292

    29 in this area

    272 Total Sales

    Tucker Shaver
    Section Image
  • Tina DAversa

    Buyer's Agent in 2025

    Tina DAversa

    eXp Realty Southern Branch

    (678) 457-0677

    1 in this area

    15 Total Sales

    Tina DAversa
    Section Image
  • Kerri Hutchinson

    Seller's Agent in 2019

    Kerri Hutchinson

    Levin Rinke Realty

    (850) 206-9142

    32 in this area

    91 Total Sales

    Kerri Hutchinson
    Section Image
  • Peggy Butler

    Seller Co-Listing Agent in 2019

    Peggy Butler

    Levin Rinke Realty

    (850) 712-3133

    24 in this area

    37 Total Sales

    Peggy Butler
    Section Image
  • Deborah Eells

    Buyer's Agent in 2019

    Deborah Eells

    Coastal Paradise Real Estate, LLC

    (850) 384-8904

    3 in this area

    66 Total Sales

    Deborah Eells
    Section Image
  • Katherine Justice

    Seller's Agent in 2016

    Katherine Justice

    Levin Rinke Realty

    (850) 712-4631

    189 in this area

    234 Total Sales

    Katherine Justice
    Section Image
See All Agents

About Shipwatch Condo

Map

Source: Pensacola Association of REALTORS®

MLS Number: 496984

Pensacola Association of REALTORS®

APN: 01-4S-33-1100-701-004

Florida Escambia County Pensacola 32507 Perdido Key

16787 Perdido Key Dr Unit D701, Pensacola, FL

This home is located at 16787 Perdido Key Dr Unit D701, Pensacola, FL 32507 and is currently priced at $381,500, approximately $322 per square foot. This property was built in 1983. 16787 Perdido Key Dr Unit D701 is a home located in Escambia County with nearby schools including Hellen Caro Elementary School, Jim C. Bailey Middle School, and Escambia High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Pensacola Association of REALTORS® Copyright© 2025 by the Multiple Listing Service of the Pensacola Association of REALTORS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information deemed reliable but not guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Nearby Homes