5661 Galvez Road
Pensacola, FL, 32507 $ 1,350,000
Baths0.0 Monthly Estimate*
$ 8,422
Studio Lots and Land for sale in Pensacola, FL
for $1,350,000. The lot size is 1.31.
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! Buyer to verify all information during due diligence.
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List BySadie O'GaraListing Agent
sadie@lostkeygroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $8,422
- Monthly Property Taxes
- $122
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Pensacola, FL
Average List Price $187,608
Percent of Sale Price 86%
About Pensacola, FL 53,144 Population
-5% Since 2002
$ 48,756 Median Income
42.38 Median Age
19% Households with Children
Trends Information provided by ATTOM Data Solutions.
2086557 Elementary School
2086548 Middle School
Not Baldwin County High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/20/2025 | $1,350,000 | | Listed Price |