NOT LISTED FOR SALE

7208 Sharp Reef Rd Pensacola, FL 32507

Perdido Key Neighborhood

Estimated Value: $1,188,899 - $1,355,000

4 Beds
4 Baths
2,582 Sq Ft
$483/Sq Ft Est. Value

Last Sold June 19, 2020

Last sale price $860,000 $333 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $7,392/month

73 Days on Market

Highlights

  • Boat Lift
  • Bay View
  • Home fronts a canal
  • In Ground Pool
  • Updated Kitchen
  • Cottage

About This Home

As of June 2020

STUNNING sunset and sunrise views with this resort-like setting in Perdido Key Coves with GULF ACCESS & VIEWS!!Great rental potential- configured to sleep 12- with an estimated projection of $85-95k annual income. This newly remodeled 4/4 recently had 1000 sf added to include a large master suite and living room overlooking Ole River and Ono island. This can be sold furnished ( a few pieces & art go with the sellers) the The front views are protected by Perdido Key state park. A renovation was completed in 2017 with all new windows, doors, remodeled kitchen, ship lap accents, and faux wood porcelain tile throughout the main level. The outside features an inground GUNITE POOL, deck, fence, BOAT LIFT with natural sand landscaping including many palm trees and sea grass. Master suite features a separate sitting area/office. The rear, front and back deck all feature TREX decking. Come make your appointment today! Priced to sell soon!

Last Agent to Sell the Property

Carrie Lee

Levin Rinke Realty Listed on: 03/03/2020

Levin Rinke Realty

Last Buyer's Agent

Judy Simonds

LPT Realty

LPT Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,320

Year Built

  • Built in 2001

Lot Details

  • 8,398 Sq Ft Lot
  • Home fronts a canal
  • Cul-De-Sac

Property Views

  • Bay
  • Gulf
  • Canal

Home Design

  • Cottage
  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Floor Insulation
  • Metal Roof

Interior Spaces

  • 2,582 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Insulated Doors
  • Combination Kitchen and Dining Room
  • Tile Flooring
  • Fire and Smoke Detector
  • Updated Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Remodeled Bathroom
  • In-Law or Guest Suite
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces

Pool

  • In Ground Pool
  • Saltwater Pool
  • Gunite Pool

Schools

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

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Multiple Heating Units
  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Energy-Efficient Insulation
  • Boat Lift

Community Details

  • Property has a Home Owners Association
  • Perdido Key Coves Subdivision

Listing and Financial Details

  • Assessor Parcel Number 323S321002000020

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,320

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Stories: 3
  • Parcel Number: 323S321002000020
  • Property Type: Residential
  • Year Built: 2001
  • Electric: Circuit Breakers, Copper Wiring
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.1928
  • Road Surface Type: Paved
  • Subdivision Name: Perdido Key Coves
  • Directions: Heading West on Perdido Key Drive, just past the fire station and Perdido Key State Park turn right on Sharp Reef Rd - it is the 5th house on the right.
  • Architectural Style: Cottage
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: Three Or More
  • New Construction: No
  • Efficiency: Heat Pump, Insulation, Insulated Floors, Insulated Walls
  • Property Attached Yn: No
  • Kitchen Level: Second
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater, Dryer, Washer
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Door Features: Insulated Doors
  • Flooring: Tile
  • Interior Amenities: Guest Room/In Law Suite
  • Living Area: 2582
  • Window Features: Double Pane Windows
  • Bedroom/Bathroom Features: Remodeled
  • Dining Room Features: Kitchen/Dining Combo
  • Living Room Living Room Level: Second
  • Master Bedroom Master Bedroom Level: Second
  • Room Bedroom2 Area: 144
  • Master Bedroom Master Bedroom Width: 15
  • Room Bedroom2 Level: Third
  • Room Kitchen Features: Remodeled
  • Room Living Room Area: 300
  • Room Kitchen Area: 225
  • Dining Room Dining Room Level: Second
  • Room Master Bedroom Area: 345
  • Room Dining Room Area: 150

Exterior Features

  • Roof: Metal
  • Lot Features: Cul-De-Sac
  • Pool Features: Gunite, In Ground, Salt Water
  • View: Bay, Canal, Gulf, Water
  • View: Yes
  • Waterfront Features: Canal Front, Waterfront, Boat Lift
  • Waterfront: Yes
  • Construction Type: Frame
  • Foundation Details: Pillar/Post/Pier
  • Property Condition: Resale

Garage/Parking

  • Carport Spaces: 3
  • Covered Parking Spaces: 3
  • Parking Features: 3 Car Carport
  • Total Parking Spaces: 3

Utilities

  • Heating: Multi Units, Heat Pump, Central
  • Cooling: Multi Units, Heat Pump, Central Air, Ceiling Fan(s)
  • Sewer: Public Sewer
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: Yes

Schools

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

Lot Info

  • Lot Size Sq Ft: 8398.368
  • Zoning Description: Res Single
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2020
Closed on
Aug 7, 2020
Sold by
Pace Ryan T and Pace Patricia K
Bought by
Pace Place Properties Llc
Seller's Agent
Carrie Lee
Levin Rinke Realty
Buyer's Agent
Judy Simonds
LPT Realty
List Price
$935,000
Sold Price
$860,000
Premium/Discount to List
-$75,000
-8.02%
Current Estimated Value
$1,247,633

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$387,633
Avg. Annual Appreciation
7.27%
Original Mortgage
$645,000
Outstanding Balance
$571,743
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$675,890

Purchase Details

Listed on
Mar 3, 2020
Closed on
Jun 19, 2020
Sold by
Lee Louis Raymond and Lee Carrie
Bought by
Pace Ryan T and Pace Patricia K
Seller's Agent
Carrie Lee
Levin Rinke Realty
Buyer's Agent
Judy Simonds
LPT Realty
List Price
$935,000
Sold Price
$860,000
Premium/Discount to List
-$75,000
-8.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,000
Outstanding Balance
$571,743
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$675,890

Purchase Details

Listed on
Nov 12, 2013
Closed on
Dec 17, 2013
Sold by
Clink Derek F and Moorthy Radha A
Bought by
Lee Louis Raymond and Lee Carrie
Seller's Agent
Mike Whitner
RE/MAX Gulf Properties
Buyer's Agent
Mike Whitner
RE/MAX Gulf Properties
List Price
$375,000
Sold Price
$375,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.60%
Source: Public Records

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 Buyer Sale Price Title Company
Pace Place Properties Llc -- Accommodation
Pace Ryan T $860,000 Clear Ttl Of Northwest Fl Ll
Lee Louis Raymond $375,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pace Ryan T $645,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/19/2020 06/19/20 Sold $860,000 -8.0% $333 / Sq Ft
03/03/2020 03/03/20 For Sale $935,000 +149.3% $362 / Sq Ft
12/18/2013 12/18/13 Sold $375,000 0.0% $224 / Sq Ft View Prior Sale
12/14/2013 12/14/13 Pending -- -- --
11/12/2013 11/12/13 For Sale $375,000 -- $224 / 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 $9,320 $786,902 $210,000 $576,902
2023 $9,320 $669,168 $0 $0
2022 $8,616 $672,913 $178,500 $494,413
2021 $7,783 $553,032 $0 $0
2020 $4,992 $396,450 $0 $0
2019 $4,913 $387,537 $0 $0
2018 $4,914 $380,312 $0 $0
2017 $3,764 $292,429 $0 $0
2016 $3,743 $286,415 $0 $0
2015 $3,750 $284,425 $0 $0
2014 $3,756 $282,168 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Carrie Lee

    Seller's Agent in 2020

    Carrie Lee

    Levin Rinke Realty

    (850) 450-3931

    5 in this area

    75 Total Sales

    Carrie Lee
    Section Image
  • Judy Simonds

    Buyer's Agent in 2020

    Judy Simonds

    LPT Realty

    (850) 525-6411

    2 in this area

    18 Total Sales

    Judy Simonds
    Section Image
  • Mike Whitner

    Seller's Agent in 2013

    Mike Whitner

    RE/MAX

    (850) 341-6803

    10 in this area

    34 Total Sales

    Mike Whitner
    Section Image
See All Agents

Map

Source: Pensacola Association of REALTORS®

MLS Number: 568688

Pensacola Association of REALTORS®

APN: 32-3S-32-1002-000-020

Florida Escambia County Pensacola 32507 Perdido Key

7208 Sharp Reef Rd, Pensacola, FL

This home is located at 7208 Sharp Reef Rd, Pensacola, FL 32507 since 03 March 2020 and is currently estimated at $1,247,633, approximately $483 per square foot. This property was built in 2001. 7208 Sharp Reef Rd 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