New Listing
14598 Perdido Key Dr,PENSACOLA, FL 32507
PENSACOLA, FL 32507
Description
This is NOT the sale of the entire property or an individual 0.86-acre lot. The property was formerly a 12-unit condominium. The condominium building was demolished, and what is being sold is a 1/12 ownership interest in the former condominium property/common land. The previous listing agents described it as a 1/12 interest in an approximately 200' x 200' commercially zoned property. The buyer is purchasing the ownership interest/share, not the entire underlying land. Important points that must be disclosed in the listing: Sale is for a 1/12 ownership interest only. Buyer is not purchasing the entire property. Former 12-unit condominium; the building has been demolished. The ownership interest is associated with the former condominium property. Previous listings state there is currently no active HOA and no HOA fees being charged. According to the previous listing information, a buyer would need permission from the other 11 ownership interests to build. Buyer must perform their own due diligence regarding title, development rights, zoning, condominium documents, and the rights associated with the 1/12 interest. This is a unique investment opportunity because the underlying property as a whole is a significantly higher-value asset, but we need to be very careful that the marketing does not imply that the buyer is acquiring the entire parcel.
Details
| MLS # | 2026041575 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 3 |
| Listing Provided By | Keller Williams Island Life RE | Sean Seward |
Features
| Acreage | 0.86 |
|---|---|
| Water Front | Yes |
| Property View | Yes |
Interior
| Rooms Total | 0 |
|---|---|
| Fireplace Yes / No | No |
Exterior
| Lot Features | Oversize |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Attached Garage Yes / No | No |
Utilities
| Utilities | Electricity Connected |
|---|---|
| Sewer | None |
Taxes
| Tax Annual Amount | 341 |
|---|---|
| Tax Block | 0 |
| Tax Legal Description | UNIT 10 OCEAN WINDS CONDOMINIUM ALSO 1/12 INT IN COMMON ELEMENTS OR 8772 P 1540 |
| Tax Year | 2025 |
Area Information
| State | FL |
|---|---|
| County | Escambia |
| City | PENSACOLA |
| Zip Code | 32507 |
| Area | ACREAGE |
| Community Name | ACREAGE |
| Listing VS Median (in ACREAGE) | |
Price: $85,000 low | high Med: $732,000 On site: 3 low | high Med: 117 | |
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Learn More About This Property
| State | FL |
|---|---|
| County | Escambia |
| City | PENSACOLA |
| Zip Code | 32507 |
| Area | ACREAGE |
| Community Name | ACREAGE |
| Listing VS Median (in ACREAGE) | |
Price: $85,000 low | high Med: $732,000 On site: 3 low | high Med: 117 | |