NOT LISTED FOR SALE

Estimated Value: $400,000 - $507,000

0.05 Acre
$9,343,170 Price per Acre
2,047 Sq Ft Lot

Last Sold June 23, 2022

Last sale price $925,000 $424 Per Sq Ft

Current estimated payment $2,429/month

546 Days on Market

Highlights

  • Dock Facilities
  • Boat Slip
  • High Speed Internet
  • Pensacola High School Rated A-
  • Corner Lot

About This Lot

As of June 2022

21 Townhouse lots in the gated waterfront community of Spinnaker Cove. This community is conveniently located in the Warrington area of Pensacola, just across the Bayou from NAS Pensacola, and 10 minutes to downtown Pensacola. It is on Bayou Grande, which gives great boating access to Pensacola Bay, the intercostal waterway and the entrance to the Gulf of Mexico. White Island is close by as well and can be accessed via boat or kayak/canoe. There are two boat launches nearby, Bayou Grande in Navy Point, and Bayou Chico at the end of Old Barrancas Ave. There is a waterfront park just down the street. The lots are level, cleared and at street grade. All underground utilities. Monthly association dues are $75/lot. Minimum square footage is 1500, with most homes in the 2100 - 2400 sf range. 38 newly constructed boat slips were recently completed. The slips will have power and water.

Last Agent to Sell the Property

Scott Jennings

Olde City Realty LLC Listed on: 11/06/2020

Last Buyer's Agent

JOHN BIRDWELL

Scenic Sotheby's International Realty

Scenic Sotheby's International Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,510

Lot Details

  • 2,047 Sq Ft Lot
  • Lot Dimensions: 37
  • Corner Lot
  • Cleared Lot

Schools

  • Warrington Elementary School
  • Warrington Middle School
  • Escambia High School

Utilities

  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 512S306046000002

Community Details

Overview

  • Property has a Home Owners Association
  • Spinnaker Cove Subdivision

Recreation

  • Boat Slip
  • Dock Facilities

Property Details

Property Type

Land

Est. Annual Taxes

$1,510

Lot Details

0

Listing Details

  • Parcel Number: 512S306046000002
  • Property Type: Land
  • Electric: Underground
  • Topography: High/Dry,Level
  • Property Sub Type: Residential Lots
  • Horses: No
  • Lot Size Acres: 0.047
  • Lot Size: 37 x 62
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Spinnaker Cove
  • Directions: Spinnaker Cove is on the very south end of 1st Street, just off of Navy Blvd.
  • Special Features: None

Exterior Features

  • Lot Features: Central Access, Corner Lot, Cleared
  • Exterior Features: Boat Slip, Dock With Utilities

Utilities

  • Sewer: Public Sewer
  • Electricity On Property: Yes
  • Utilities: Natural Gas Connected, Electricity Connected, Internet, Phone Connected, Cable Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes

Fee Information

  • Association Fee Includes: Association

Schools

  • Elementary School: Warrington Elementary
  • High School: Escambia
  • Middle Or Junior School: Warrington

Lot Info

  • Current Use: Residential
  • Land Lease Amount Frequency: Annually
  • Lot Size Sq Ft: 2047.32
  • Zoning Description: Res Single
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 19, 2016
Sold by
Ritch Betty G
Bought by
Fitch Jay B
Current Estimated Value
$439,129

Purchase Details

Listed on
Apr 22, 2011
Closed on
Oct 30, 2012
Sold by
Gulf Coast Communit Bank
Bought by
Fitch Jay B and Fitch Betty G
Seller's Agent
Eric Gleaton
ERIC GLEATON REALTY, INC
Buyer's Agent
Steve Hall
Found It Homes, LLC
List Price
$189,900
Sold Price
$140,000
Premium/Discount to List
-$49,900
-26.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.19%
Original Mortgage
$137,028
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2007
Sold by
Michael S Odaniel Jr Pa
Bought by
Odaniel Charles Brett

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 29, 2006
Sold by
Carroll David B
Bought by
Odaniel Michael S and Odaniel Charles Brett

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,250
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 25, 2005
Sold by
Hopkins Hopkins Jr James Edward Jr James Edward and Hopkins Mckinney Cheryl
Bought by
Carroll David B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 27, 1995
Sold by
Brandt Stephen C
Bought by
Hopkins J Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,000
Interest Rate
7.29%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fitch Jay B $53,700 None Available
Fitch Jay B $140,000 Surety Land Title Of Fl Llc
Odaniel Charles Brett -- None Available
Odaniel Michael S $325,000 None Available
Carroll David B $67,000 --
Hopkins J Edward $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fitch Jay B $137,028
Previous Owner Odaniel Charles Brett $260,000
Previous Owner Odaniel Michael S $276,250
Previous Owner Carroll David B $175,000
Previous Owner Hopkins J Edward $67,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/23/2022 06/23/22 Sold $925,000 0.0% $424 / Sq Ft
05/06/2022 05/06/22 Pending -- -- --
11/06/2020 11/06/20 For Sale $925,000 +560.7% $424 / Sq Ft
10/30/2012 10/30/12 Sold $140,000 -26.3% $63 / Sq Ft View Prior Sale
09/30/2012 09/30/12 Pending -- -- --
04/12/2011 04/12/11 For Sale $189,900 -- $85 / Sq Ft
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 $1,510 $149,048 -- --
2023 $1,510 $144,707 $0 $0
2022 $1,470 $140,493 $0 $0
2021 $1,463 $136,401 $0 $0
2020 $1,425 $134,518 $0 $0
2019 $1,396 $131,494 $0 $0
2018 $1,392 $129,043 $0 $0
2017 $1,386 $126,389 $0 $0
2016 $1,473 $123,790 $0 $0
2015 $1,462 $122,930 $0 $0
2014 $2,113 $135,016 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pensacola Association of REALTORS®

MLS Number: 611749

Pensacola Association of REALTORS®

APN: 51-2S-30-6046-000-021