Downtown Pensacola Real Estate Search

Downtown Pensacola Properties between $1,000,000 and $1,500,000 for Sale

Our website features the best real estate search for between $1,000,000 and $1,500,000 properties available in Downtown Pensacola and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official REALTOR®’s database every 15 minutes. 

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Newest Downtown Pensacola Properties between $1,000,000 and $1,500,000 for Sale

$1,500,000
675902 MLS
Unlock the potential of this expansive 4.72-acre commercial property located at the intersection of Bauer Rd and Sorrento Rd in Pensacola’s thriving Perdido Key area. Zoned for warehousing and distribution, this site is ideal for logistics, storage, or light industrial operations.Easy access to major routes including Sorrento Rd and Gulf Beach Hwy, Minutes from Naval Air Station Pensacola and Perdido Key beaches, Situated in a growing commercial corridor with high visibility and traffic. Partially within AH Zone (base flood elevation 19 ft).

4300 Bauer Rd, Pensacola
$1,169,000
5 Beds ⋅ 6 Baths ⋅ 675208 MLS
Brand New Luxury Home in Yacht Harbor | STR Investment Opportunity | Sleeps 16+. Beautiful brand-new construction completed in 2025 located in the gated Yacht Harbor community, ideally positioned near the beach with views of the Gulf and located on the Ole River side with boat dock access. This 5-bedroom, 5½-bath free-standing luxury home is fully furnished and designed to comfortably sleep 16+ guests, making it an excellent short-term rental investment or private coastal retreat (Minimum 3 night rental) The home offers spacious coastal living with modern finishes and approximately 2,500 square feet of heated and cooled living space. An elevator provides convenient access to all levels, and the property is being sold fully furnished, allowing for a turnkey rental opportunity. Property Highlights 5 Bedrooms | 5½ Bathrooms Sleeps 16+ Completed in 2025 Sold fully furnished Elevator access Spacious balconies with water views Located in a gated community Designed and set up for short-term rental (STR) 80K booked through 7/26 Community Amenities Residents and guests enjoy access to a private community dock on Ole River, with limited first-come boat slips currently available. Prime Coastal Location Conveniently located near many popular Gulf Coast attractions: Less than 1 mile from Flora-Bama Lounge & Oyster Bar Minutes to The Crab Trap Close to multiple beach access points with parking Nearby restaurants, grocery stores, and shopping Short drive to Orange Beach and Pensacola Investment Opportunity This home is currently set up for short-term rentals and is professionally managed by a property management company. The community allows short-term rentals with a 3-night minimum stay. Future rental projections and previous rental estimates are available upon request. Seller requests that the buyer honor all currently booked rentals, if possible, providing immediate income potential for the new owner. Home is completely booked for Summer 2026

212 Clipper Dr, Pensacola
$1,200,000
5 Beds ⋅ 3 Baths ⋅ 674082 MLS
Welcome to one of the most desirable locations on the island—where beach days, boat days, and coastal living come together. This low-density, gated community is perfectly positioned on Ole River and within walking distance to the white-sand beaches, the legendary Flora-Bama Lounge, and just a quick boat ride to the Gulf of Mexico. With no rental restrictions, this property offers excellent potential for a vacation rental or second home. Enjoy the convenience of your private boat slip with lift, located only yards from the home. This residence features standout curb appeal with its coastal colors and inviting porch. Inside, you'll find soaring ceilings, abundant natural light from numerous windows, wood and tile flooring throughout, crown molding, and beautifully appointed spaces. The floor plan offers generous room for family and guests with four bedrooms plus a loft currently used as a fifth bedroom. The recently renovated kitchen is a showpiece with new stainless appliances, quartz countertops, subway tile backsplash, and a custom built-in dining bench. When it’s time to unwind and enjoy stunning Gulf Coast sunsets, take the private elevator down to the screened-in porch or the covered back deck—perfect for relaxing, grilling, or entertaining. Ample storage is available underneath the home for vehicles, fishing gear, paddleboards, kayaks, and all your water toys.

224 Key Largo Pl, Pensacola
$1,500,000
673212 MLS
This 15+- acre property with 1,120' of frontage on Sorrento Road offers a highly desirable location for multi-family development. The current county zoning allows for up to 25 dwelling units per acre. The property is flat, wooded with mature pines, and also offers a small lake. It's strategically positioned only 3 miles from both Perdido Key's Beaches and the Back Gate of NAS.

11100 Sorrento Rd, Pensacola
$1,117,000
4 Beds ⋅ 5 Baths ⋅ 670733 MLS
Experience the best of Pensacola waterfront living at 1522 Whitecaps. This elevated coastal retreat combines modern luxury with storm-resistant construction, making it an ideal choice for both full-time residents and investors searching for a premier Florida coastal real estate investment. Built for safety and peace of mind, this home features three additional feet of elevation, impact-rated windows, and a ground-level elevation three feet above the sea level. Located in the X-flood zone, it offers excellent hurricane resistance and reduced insurance concerns. Inside, you’ll find thoughtful details, including a four-car garage and a dedicated dog-wash station, making this property as practical as it is beautiful. Outdoors, enjoy a shared gated community dock, easy water access for fishing, paddle boarding, and kayaking, plus 2 balconies designed for grilling and entertaining. Both with a view of the water! The location is unmatched. You can walk to golf and tennis, and the prestigious Pensacola Country Club—recognized as one of the top private clubs in Northwest Florida—is right down the street. From championship golf to fine dining, this club offers everything you need to elevate your lifestyle. Whether you’re looking for a primary residence, a vacation home near Pensacola Country Club, or a high-value investment property on the Florida Gulf Coast, 1522 Whitecaps is a rare opportunity. With its hurricane-resistant design, luxury upgraded appliances (subzero and wolf), premium Pensacola location, and waterfront lifestyle amenities, this property delivers everything coastal living should be. The roof system was built to carry a live load and there is room for stairs, a possible roof terrace! You cannot build a home at this price! Come see it today!!!

1522 White Caps Ln, Pensacola
$1,170,000
670342 MLS
A rare opportunity to own nearly three-quarters of an acre (.69 acres) with 75 feet of pristine waterfront on Pensacola Bay. Located just minutes from the Pensacola Country Club, this exceptional property offers a private sandy beach, sweeping bay views, and the perfect setting for your dream home. Enjoy the peace of mind of being outside the flood zone while still living directly on the water. Properties like this are truly hard to find—combining size, location, and natural beauty in one. Don’t miss this chance to secure one of Pensacola’s most desirable waterfront addresses.

807 Bayshore Dr, Pensacola
$1,350,000
669552 MLS
Unlock an exceptional investment opportunity in one of Perdido Key’s fastest-growing corridors. This 1.3-acre property offers an unparalleled mix of visibility, access, and flexibility, with 250 feet of frontage each on Innerarity Point Road, Galvez Road, and Cruzat Way. Zoned HDMU, it is primed for both residential and commercial development, creating multiple income streams from a single site. Originally platted into 10 residential lots, the property is ideal for boutique townhomes, upscale vacation rentals, or a mixed-use destination that combines ground-floor retail with high-demand upper-floor Airbnb units. Imagine the rental income from a thoughtfully designed complex featuring a coffee shop, boutique retail, or wellness studio below, paired with luxury short-term or long-term rentals above—perfectly positioned to capture year-round tourism and steady local demand. The location is unbeatable: across from the popular Hub Stacey’s, next to picturesque Innerarity Point Park, and steps from Galvez Landing for boating, fishing, and waterfront recreation. Residents and visitors alike will appreciate the ability to walk to restaurants, entertainment, and essential services. The neighborhood’s momentum is undeniable, with several new residential communities and a modern apartment complex recently completed, increasing foot traffic and creating a ready-made customer base. The combination of tourism growth, a booming residential population, and the area’s coastal charm makes this a rare chance to secure a high-performing asset in a market poised for continued appreciation. Whether your goal is steady cash flow, long-term equity growth, or both, this prime location offers the versatility and demand drivers that investors seek. Act now to claim your place in Perdido Key’s dynamic future. NO BEACH MOUSE PERMIT NEEDED!

5661 Galvez Rd, Pensacola
$1,295,000
668081 MLS
Build your custom home on this large waterfront lot with seawall on Perdido Bay in quiet Perdido Bay Country Club Estates. Sunset views are amazing. No HOA so bring your boat & toys. Minutes to Perdido Key, NAS Pensacola, shopping, restaurants. NOTE: The information in the tax suite link is incorrect due to the fact that the property has not been assigned a street number.

Pale Moon Dr, Pensacola
$1,250,000
661913 MLS
This expansive 31-acre vacant lot on Hwy 98 offers incredible potential for investors and developers. With high visibility and easy access, the property is ideally suited for commercial or residential development. A rare opportunity to capitalize on a rapidly growing area—don’t miss out!

7700 BLK Highway 98, Pensacola
$1,100,000
661429 MLS
Located in a highly desirable and rapidly growing area, this expansive 10-acre vacant lot offers endless potential for investors and developers. With ample space for residential, commercial, or mixed-use projects, this property provides a rare opportunity to capitalize on future growth. Conveniently situated near major roadways, utilities nearby, and surrounded by thriving communities, this land is perfect for those looking to build the next premier development. Don’t miss this chance to turn vision into reality!

5900 BLK Beulah Church Rd, Pensacola
$1,190,000
658165 MLS
Sunsets to die for! Beautiful waterfront lot on the Intracoastal waterway in Russell Bayou. This one of a kind lot faces West and is ready for your dream home. See documents for survey & geo study. Owner has put in 297' of bulkhead, backfilled and topped with sand for your own private beach.

16353 Tarpon Dr, Pensacola
$1,247,000
3 Beds ⋅ 3 Baths ⋅ 657300 MLS
Seller has already bought the rate down for you, to 5.625%-See flyer for details! MOVE IN TODAY AND FORGET STORM WORRIES FOREVER. Welcome to the sophisticated new Villages at Wright Street featuring Insulated Concrete Form 6-inch-thick walls that far exceed wood-wall houses. ICF construction features superior insulation factors (sound and temperature) and is rated to withstand 250mph winds. This stunning modern Smart Home shines with timeless Spanish-Colonial styling. Inside, the stately front living area, with an airy open staircase, all-floor elevator and oversize half-bath, draws you to the main living area: a large dining area opposite the spacious chef’s kitchen with a suite of KitchenAid appliances and walk-in pantry. Waterfall Cambria Natural Quartz countertops flow around scores of deep cabinets. The coffered ceilings add yet another element of elegance. The warm living area features a Breckinridge gas fireplace and custom bookcases. Stepping out back, the work-free yard boasts a BLAZE gas grill, a privacy canopy of holly trees, plus timed irrigation lines. The 2nd floor features 3 bedrooms and 2 full baths plus a large flex area for a TV streaming area, office and more. The large master features a beautiful ensuite full bathroom and 2 walk-in closets. The bayview Rooftop Terrace is the ultimate entertainment area: Wet Bar, refrigerator with ice, soft synthetic turf, plus wired for TVs & a Hot Tub. Irrigation lines feed worry-free plants. The Rooftop’s 2nd partitioned area hosts HVAC units & whole-house generator with room for garden & fitness areas. Garage is EV charger ready. Tying it all together: a whole-house Sonos hi-fi sound system, high-end UniFi security cameras & monitored alarm. Whether this incredible home is your full-time residence or a getaway, you’ll enjoy peace of mind thanks to the solid ICF build and a vibrant Downtown Pensacola lifestyle. See document section for Villages at Wright Street info, 752 E. Wright St. Upgrades & more!

752 Wright St, Pensacola
$1,478,000
654844 MLS
+/- 7.74 acres of prime HC/LI land in Pensacola, FL. It has direct visibility and exposure, with approximately 608 feet of frontage along Mobile Hwy (15,000 AADT). Retailers and restaurants nearby include Walmart, Dollar General, Home Depot, Aldi, Walgreens, Dollar Tree, Office Depot, Publix, CVS, Denny’s, Whataburger, and many more. The property is just minutes from downtown and from Pensacola International Airport and NAS Pensacola.

7085 Mobile Hwy, Pensacola
$1,399,000
648880 MLS
The +/- 3.3499-acre property is located along Gulf Beach Hwy (7,100 AADT), which connects to Perdido Key Dr (23,500 AADT) and Sorrento Rd (19,000 AADT). +/- 358FT of frontage along Gulf Beach Hwy with direct access leading you to Perdido Key. The parcel is zoned HC/LI with strong Grocery Anchored retailers, Winn-Dixie, Ascension Sacred Heart, McDonald’s & Dollar General, Publix, Burger King, CVS, Circle K, and many more.

0000 Gulf Beach Hwy, Pensacola
$1,250,000
556169 MLS
Prime +/- 85-acre development site available in the heart of Pensacola, Florida. The property consists of several parcels on the north side of Hwy 98 at the signaled intersection of Blue Angel Pkwy and Hwy 98. The site is centrally located in the booming Pensacola MSA and is near the core retail trade area, the airport, hospital, University of West Florida, NAS Pensacola, Whiting Field Naval Base, and beautiful tourist beach destinations such as Perdido Key, Pensacola Beach, Gulf Breeze, and Navarre Beach. The owner will consider subdividing the northern as shown on the aerial with breakout pricing. The seller reserves the billboard leases and mineral rights, if any.

Hwy 98, Pensacola
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