$975,000
$200K PRICE DROP

16604 Perdido Key Dr Unit 2 Pensacola, FL 32507

Perdido Key Neighborhood

Estimated payment $7,849/month

Total Views 145,880
4 Beds
4.5 Baths
3,556 Sq Ft
$274 Price per Sq Ft

Highlights

  • Deeded Waterfront Access Rights
  • Beach
  • Property fronts an intracoastal waterway
  • Community Boat Dock
  • Parking available for a boat
  • Boat Slip

About This Home

Price Reduction! Waterview, fully furnished, move-in-ready two-story single family home is located in the exclusive five-home Community in Perdido Key. Built as a detached home on a condominium plat, it offers the privacy of a single-family residence with the convenience of condo association management. Highlights include: Prime location on Old River, directly across from Florida's white-sand Gulf beaches. Excellent as a primary residence, second home, or income-producing vacation rental (rental history available). Spacious design with hardwood floors, vaulted tongue-and-groove oak ceilings, two fireplaces, and private balconies overlooking the water. Access to a private waterfront pool, fishing dock, assigned boat slip, and two guest boat slips. A separate enclosed garage building, suitable for boat storage, an RV, jet skis, or an extra vehicle. Low monthly HOA dues of $1,495 cover boat dock, slips, private enclosed garage, landscaping, management, pool maintenance, flood insurance, and property insurance (including the roof and hurricane shutters of each home). Overall, the property offers waterfront living, beach access, boating amenities, and low-maintenance ownership, A great long term and short term investment!.

Listing Agent

CATHI OURSLER

Levin Rinke Realty Brokerage Email: cathi@levinrinkerealty.com Listed on: 01/29/2026

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2021

Lot Details

  • Property fronts an intracoastal waterway
  • River Front

HOA Fees

  • $1,495 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • 3 Carport Spaces
  • Oversized Parking
  • Guest Parking
  • Parking available for a boat
  • RV or Boat Parking
  • Golf Cart Garage

Home Design

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

Interior Spaces

  • 3,556 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Bookcases
  • Crown Molding
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Fireplace
  • Double Pane Windows
  • Shutters
  • Drapes & Rods
  • Blinds
  • Insulated Doors
  • Open Floorplan
  • Storage
  • Inside Utility
  • River Views

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Built-In Microwave
  • Dishwasher
  • Wine Cooler
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Remodeled Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Eco-Friendly Details

  • Energy-Efficient Insulation

Pool

  • In Ground Pool
  • Gunite Pool

Outdoor Features

  • Deeded Waterfront Access Rights
  • Pier
  • Boat Slip
  • Docks
  • Balcony
  • Deck
  • Covered Patio or Porch
  • Outdoor Kitchen
  • Built-In Barbecue

Schools

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

Utilities

  • Central Heating and Cooling System
  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 064S322101000002

Community Details

Overview

  • Association fees include deed restrictions, ground maintenance, insurance, management, pest control, trash
  • Mallory Square North Subdivision

Recreation

  • Community Boat Dock
  • Pier or Dock
  • Fishing Pier
  • Beach
  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Gated Community
  • Storm Windows
  • Storm Doors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 2021

Lot Details

1.14 Acres

HOA Fees

$1,495 per month

Parking

1

Listing Details

  • Stories: 2
  • Parcel Number: 064S322101000002
  • Property Type: Residential
  • Year Built: 2021
  • Electric: Circuit Breakers, Copper Wiring
  • Property Sub Type: Condo
  • Horses: No
  • Lot Size Acres: 1.1449
  • Lot Size: 100x770
  • Subdivision Name: Mallory Square North
  • Directions: From Alabama, after crossing AL/FL line, property approx. 1 mile past state line on the North side of Perdido Key Drive, see Mallory Square North sign in front, go through gate, 2nd unit on right.
  • Architectural Style: Contemporary, Cottage
  • Building Name: Mallory Square
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Efficiency: Insulation, Insulated Floors, Insulated Walls
  • Kitchen Level: First
  • Attribution Contact: cathi@levinrinkerealty.com
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, Dryer, Washer, Wine Cooler, Built In Microwave, Dishwasher, Disposal, Refrigerator
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: Insulated Doors, Storm Door(s)
  • Fireplace Features: Two or More
  • Fireplace: Yes
  • Flooring: Hardwood, Tile
  • Interior Amenities: Storage, Baseboards, Bookcases, Cathedral Ceiling(s), Ceiling Fan(s), Crown Molding, High Ceilings, High Speed Internet, Recessed Lighting, Vaulted Ceiling(s), Wet Bar
  • Living Area: 3556
  • Window Features: Double Pane Windows, Storm Window(s), Blinds, Drapes, Shutters
  • Bedroom/Bathroom Features: Updated
  • Dining Room Features: Breakfast Bar, Kitchen/Dining Combo, Living/Dining Combo
  • Master Bedroom Master Bedroom Level: Second
  • Master Bedroom Master Bedroom Width: 22
  • Room Kitchen Features: Updated, Pantry
  • Room Master Bedroom Area: 286

Exterior Features

  • Roof: Metal
  • Lot Features: Central Access, Interior Lot
  • Pool Features: Gunite, In Ground
  • View: River, Water
  • View: Yes
  • Waterfront Features: Intracoastal Waterway, River Front, Beach Access, Deed Access, Natural, Pier
  • Waterfront: Yes
  • Construction Type: Frame
  • Exterior Features: Balcony, Barbecue, Outdoor Kitchen, Dock, Boat Slip
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Covered, Deck, Patio
  • Property Condition: Resale

Garage/Parking

  • Carport Spaces: 3
  • Covered Parking Spaces: 4
  • Garage Spaces: 1
  • Parking Features: Garage, 3 Car Carport, Boat, Covered, Detached, Golf Cart Garage, Guest, Oversized, RV/Boat Parking
  • Total Parking Spaces: 3

Utilities

  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)
  • Sewer: Public Sewer
  • Laundry Features: Inside, W/D Hookups
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Beach, Pool, Dock, Fishing, Gated, Pier, Waterfront Deed Access
  • Association Fee: 17940
  • Association Fee Frequency: Annually
  • Association: Yes
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Association, Deed Restrictions, Maintenance Grounds, Insurance, Management, Pest Control, Trash

Schools

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

Lot Info

  • Lot Size Sq Ft: 49871.844
  • Zoning Description: Res Multi

3D Interior and Exterior Tours

Floorplans

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/07/2026 07/07/26 Price Changed $975,000 -6.7% $274 / Sq Ft
06/10/2026 06/10/26 Price Changed $1,045,000 -4.9% $294 / Sq Ft
02/26/2026 02/26/26 Price Changed $1,099,000 -6.5% $309 / Sq Ft
01/29/2026 01/29/26 For Sale $1,175,000 +8.8% $330 / Sq Ft
05/18/2022 05/18/22 Sold $1,080,000 -1.7% $376 / Sq Ft View Prior Sale
04/23/2022 04/23/22 Pending -- -- --
04/22/2022 04/22/22 For Sale $1,099,000 +1.8% $382 / Sq Ft
04/22/2022 04/22/22 Off Market $1,080,000 -- --
04/21/2022 04/21/22 For Sale $1,099,000 +20.1% $382 / Sq Ft
11/15/2021 11/15/21 Sold $915,000 -1.1% $318 / Sq Ft View Prior Sale
08/01/2020 08/01/20 For Sale $925,000 -- $322 / Sq Ft
Source: Pensacola Association of REALTORS®

About the Listing Agent

CATHI OURSLER
CATHI OURSLER

Levin Rinke Realty

(448) 230-8772

Section Image

I am an experienced expert local Realtor of 27 years, and a native of Pensacola, Florida. I have been an agent with Levin Rinke Realty, a Luxury Property Agency, since 2024. I provide sellers and home-buyers with professional, responsive and attentive real estate services. I am the agent who will listen, be available when needed, and keeps you informed of the activity on your listed home showings. I will take care of things every step of the way through to closing. I know how to effectively

View CATHI's Profile

CATHI's Other Listings

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    • 3 Beds
    • 1 Bath
    • 936 Sq Ft
    • 1720 W Avery St
    • Pensacola, FL

    This home is being sold AS IS. See As Is Rider and SPD attached on listing. This home could make nice rental or family homestead near beaches and downtown Pensacola. Investors welcome ! Back building 600 sq ft was a small family business for years. Home damaged in kitchen and back bedroom, roof and ceiling needs replacing. Potential for renovation to a cute airbnb with that Pensacola old home

    CATHI OURSLER Levin Rinke Realty

Source: Pensacola Association of REALTORS®

MLS Number: 676832

Pensacola Association of REALTORS®
Florida Escambia County Pensacola 32507 Perdido Key

16604 Perdido Key Dr Unit 2, Pensacola, FL

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CATHI OURSLER
CATHI OURSLER
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(448) 230-8772
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