$440,000
SOLD AUG 13, 2025

7200 Sharp Reef Rd Unit 2 Pensacola, FL 32507

Perdido Key Neighborhood
2 Beds
2 Baths
960 Sq Ft
$150/mo HOA Fee

Recently Sold

$458 Per Sq Ft

1% Above List Price

35 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Beach
  • Boat Slip
  • Boat Dock
  • Home fronts a seawall
  • Home fronts a lagoon or estuary

About This Home

As of August 2025

Welcome to Life at the Beach—with Your Own Boat Slip! Waterfront townhomes like this are rarely available in Perdido Key Coves, and this one is a true gem! Fully updated, this home features new flooring, appliances, countertops, windows, doors, HVAC, water heater, and even an EV outlet in the covered carport for your electric vehicle. Your assigned boat slip accommodates up to a 31-foot boat, and you have the option to install a boat lift. Step out into the open lagoon area of Old River, a perfect setting for paddle boarding, kayaking, or fishing for speckled trout, redfish, and flounder—or drop a crab trap off the dock and host your own sunset crab boil! You'll enjoy the secure oversized storage room on dock level to store all of your water toys, fishing equipment, bikes, paddle boards and kayaks! Across from your parking area, you'll find pickle ball and tennis courts, and just steps across the street is your deeded access to the emerald waters and sugar-white sands of the Gulf of Mexico. This friendly waterfront community is nestled in the heart of the Florida State Park in Perdido Key and BOATERS and FISHERMEN (and women!) will love the property location - only 4.9 miles to Perdido Pass!!! The New multi-use bike paths wind throughout the Key, making it easy to explore local restaurants, world-class entertainment, boutique shopping, and scenic parks—all without getting in the car! Don't miss your opportunity to own this move-in ready slice of paradise in one of Perdido Key's most sought-after waterfront communities! **Unit is sold unfurnished, photos are Virtually Staged with furnishings** MARINA COVE REQUIRES A 30 DAY RENT RESTRICTION

Last Agent to Sell the Property

Lauren Moore

Levin Rinke Realty Brokerage Email: lauren@sandcastlesearch.com Listed on: 06/13/2025

Levin Rinke Realty

Last Buyer's Agent

ASHLIE LASTER

Perdido Key Resort Realty LLC

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1984

Lot Details

  • 1,059 Sq Ft Lot
  • Home fronts a lagoon or estuary
  • Home fronts a seawall
  • Home fronts a canal
  • Cul-De-Sac

HOA Fees

  • $150 Monthly HOA Fees

Property Views

  • Gulf
  • River
  • Lagoon
  • Canal

Home Design

  • Contemporary Architecture
  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 960 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Remodeled Bathroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces
  • Parking Lot

Outdoor Features

  • Deeded Waterfront Access Rights
  • Property near a lagoon
  • Boat Slip
  • Docks
  • Balcony
  • Deck

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 323S321200003001

Community Details

Overview

  • Association fees include deed restrictions, trash, water/sewer
  • Marina Cove Subdivision

Recreation

  • Boat Dock
  • Fishing Pier
  • Beach
  • Tennis Courts

Security

  • Storm Windows
  • Storm Doors

Townhouse Details

Home Type

Townhome

Year Built

Built in 1984

Lot Details

0

HOA Fees

$150 per month

Listing Details

  • Stories: 2
  • Parcel Number: 323S321200003001
  • Property Type: Residential Attached
  • Year Built: 1984
  • Electric: Circuit Breakers
  • Property Sub Type: Res Attached
  • Horses: No
  • Lot Size Acres: 0.0243
  • Subdivision Name: Marina Cove
  • Directions: From Pensacola: West on SR292, Cross Theo Baars Bridge, continue 3.8 miles West on Perdido Key Drive (bear right at traffic circle) to Right on Sharp Reef. Go straight to Marina Cove Townhome complex on Right - Unit 2 is second townhome from Right - Entrance is on waterside. From Orange Beach: East on Perdido Beach Blvd into Florida - proceed East 2.7 miles to Right on Sharp Reef to Left, proceed to Marina Cove Townhomes on Right. Unit 2 is second townhome from Right - Entrance is on Waterside.
  • Architectural Style: Contemporary
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: Yes
  • Attribution Contact: lauren@sandcastlesearch.com
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater, Dryer, Washer, Dishwasher, Microwave
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Storm Door(s)
  • Interior Amenities: Ceiling Fan(s), Vaulted Ceiling(s)
  • Living Area: 960
  • Window Features: Storm Window(s)
  • Bedroom/Bathroom Features: Updated
  • Dining Room Features: Breakfast Bar, Eat-in Kitchen
  • Room Kitchen Features: Updated, Granite Counters

Exterior Features

  • Roof: Metal
  • Lot Features: Cul-De-Sac
  • Pool Features: None
  • View: Canal, Gulf, Lagoon, River, Water
  • View: Yes
  • Waterfront Features: Canal Front, Lagoon, Waterfront, Beach Access, Block/Seawall, Deed Access
  • Waterfront: Yes
  • Construction Type: Frame
  • Exterior Features: Balcony, Tennis Court(s), Dock, Boat Slip
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Deck
  • Property Condition: Resale

Garage/Parking

  • Carport Spaces: 2
  • Covered Parking Spaces: 2
  • Parking Features: 2 Car Carport, Covered, Parking Lot
  • Total Parking Spaces: 2

Utilities

  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)
  • Sewer: Public Sewer
  • Laundry Features: W/D Hookups
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Beach, Dock, Fishing, Tennis Court(s), Waterfront Deed Access
  • Association Fee: 1800
  • Association Fee Frequency: Annually
  • Association: Yes
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Association, Deed Restrictions, Trash, Water/Sewer

Schools

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

Lot Info

  • Lot Size Sq Ft: 1058.508
  • Zoning Description: Res Multi

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2025
Closed on
Aug 13, 2025
Sold by
Living Trust Of Paul And Christine Nasri and Nasri Paul Michail
Bought by
Miles Christopher L
Seller's Agent
Lauren Moore
Levin Rinke Realty
Buyer's Agent
ASHLIE LASTER
Perdido Key Resort Realty LLC
List Price
$437,000
Sold Price
$440,000
Premium/Discount to List
$3,000
0.69%
Views
59
Current Estimated Value
$441,377

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,377
Avg. Annual Appreciation
-0.81%
Original Mortgage
$418,000
Outstanding Balance
$417,634
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$20,939

Purchase Details

Closed on
Aug 24, 2019
Sold by
Nasri Paul and Nasri Christine
Bought by
Nasri Paul Michail and Nasri Christine Marie

Purchase Details

Listed on
Oct 22, 2012
Closed on
Feb 14, 2013
Sold by
Hardison William Thomas
Bought by
Nasri Paul and Nasri Christine
Seller's Agent
ABIGAIL PANAYIOTOU
PERDIDO REALTY
Buyer's Agent
ZENO WEIR
RE/MAX OF ORANGE BEACH
List Price
$199,000
Sold Price
$180,000
Premium/Discount to List
-$19,000
-9.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.15%
Original Mortgage
$171,000
Interest Rate
3.43%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 $440,000 None Listed On Document
Interfamily Deed Transfer -- Attorney
Warranty Deed $180,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $418,000 New Conventional
Previous Owner $171,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/13/2025 08/13/25 Sold $440,000 +0.7% $458 / Sq Ft
07/18/2025 07/18/25 Pending -- -- --
06/13/2025 06/13/25 For Sale $437,000 +142.8% $455 / Sq Ft
02/14/2013 02/14/13 Sold $180,000 -9.5% $180 / Sq Ft View Prior Sale
01/15/2013 01/15/13 Pending -- -- --
10/22/2012 10/22/12 For Sale $199,000 -- $199 / 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
2025 $3,485 $408,248 $150,000 $258,248
2024 $3,382 $355,939 $100,000 $255,939
2023 $3,382 $183,796 $0 $0
2022 $3,133 $313,023 $100,000 $213,023
2021 $2,703 $235,812 $0 $0
2020 $2,499 $221,305 $0 $0
2019 $2,235 $189,230 $0 $0
2018 $2,258 $198,270 $0 $0
2017 $1,612 $103,750 $0 $0
2016 $1,573 $99,340 $0 $0
2015 $1,571 $99,340 $0 $0
2014 $1,587 $99,998 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pensacola Association of REALTORS®

MLS Number: 666065

Pensacola Association of REALTORS®

APN: 32-3S-32-1200-003-001