Pensacola’s Priciest Homes

Luxury Housing for the Multi-Millionaire

by Roane Beard

 

                The economy may be on a downswing, but so far that hasn’t affected Pensacola’s luxury home market. Prices on luxury homes are higher than ever, and waterfront property is becoming increasingly scarce and valuable. But even with prices at an all-time high, real estate agents suggest that prices in Pensacola are actually among the most reasonable in the nation.

“People coming in from California and other places out west think our prices are very reasonable,” says Gwen Applequist of Coldwell Banker JME Realty. “I think that many executives have a relatively large amount of discretionary income, and they want to make good investment. Real Estate has always been a good investment, and is particularly good today. Look what’s happened to the stock market!”

Kathy Tanner, a real estate agent with Spencer Realty in Gulf Breeze, suggests that Pensacola’s luxury home prices beat out even nearby competitors such as Seaside and Destin.

“I think prices for luxury homes in Pensacola are very reasonable,” she says. “If you go down to Seaside, prices run a thousand dollars per square foot. Tiny lots are going for over a million dollars just to the east of us. You can get an entire house for that here, on the waterfront. That’s one of the reasons luxury home buyers are always smiling at the closing table. They’re treating themselves to a lifestyle choice, while making a good investment at the same time.”

Although it’s possible to buy a waterfront luxury home for under a million dollars, many buyers are putting more expensive houses on their waterfront lot. The reason for that is simple.

“You pay a premium price for waterfront lots,” says Suzon Wilson of Coldwell Banker JME realty.  “And when people pay $400,000 for a lot, they build an $800,000 house on it. That’s the normal ratio. Of course the price of the lot will vary based on location. Typically, Gulf front lots are the most sought after, and the most expensive. Lots on the Santa Rosa Sound and Pensacola Bay run a close second. Bayou Texar is also a premier waterfront site because of its central location.”

Whatever the forces driving the luxury home market, multi-million dollar homes can be found on the market all over Pensacola, and almost all of them are on the waterfront. The following nine homes are a sample of the million-dollar homes for sale in Pensacola today.

 

 

Address:                                19 Sugar Bowl Lane, Pensacola Beach

Square Feet                          3,468

List Price                              $3,000,000

Cost per Square Foot          $865.05

Bedrooms                              3 bedrooms, 2 baths

Year Built                             1987

Realtor:                                 Steve Bogan Realty

Description:                        

Sound-side waterfront lot on Pensacola Beach, including guest house, tennis court, and a 585 foot shoreline.

 

Address:                                7315 Gulf Boulevard, Navarre Beach

Square Feet                          6750

List Price                              $2,800,000

Cost per Square Foot          $414

Bedrooms                              5 bedrooms,  3 and ½ baths

Year Built                             1997

Realtor:                                 Preferred Properties of Pensacola

Description                           Gulf front home on the west end of Navarre beach. Very large, with a beautiful view.

 

Address:                                29 Sugar Bowl Lane

Square Feet                          1,800

Cost per Square Foot          $1,277.78

List Price                              $2,300,000

Bedrooms                              2 bedrooms, 3 baths

Year Built                             1997

Realtor:                                 Steve Bogan Realty

Description                           Waterfront home with 486 feet on the sound, including a guest house and Tennis Courts

 

Address:                                504 Navy Cove, Gulf Breeze

Square Feet                          9,000

List Price                              $1,995,000

Cost per Square Foot          $221.67

Bedrooms                              4 bedrooms, 4 baths

Year Built                             1946

Realtor:                                 Gulf Breeze Realty

Description                           Located in the Gulf Breeze city limits, this property includes a heated pool along with its Pensacola Bay waterfront.

 

Address:                                113 Chanteclaire Circle, Gulf Breeze

Square Feet                          5,655

List Price                              1,775,000

Cost per Square Foot          $313.88

Bedrooms                              4 bedrooms, 4 full baths, 2 half baths

Year Built                             1995

Realtor:                                 Coldwell Banker JME Realty

Description                           This masterpiece of a red brick house in Gulf Breeze has hardwood, brick and tile floors, along with a pool and a boat-house on the waterfront.

 

Address:                                105 Chanteclaire Circle, Gulf Breeze                                                                                      

Square Feet                          4,908

List Price                              $1,595,000

Cost per Square Foot          $324.98

Bedrooms                              5 Bedrooms, 3 and 1/2 baths

Year Built                             1982

Realtor:                                 Peggy S. Bond, Connell & Manziek Realty

Description                           Waterfront home in Gulf Breeze with dock and pool.

 

Address:                                3839 Madura Road West

Square Feet                          5000

List Price                              $1,500,000

Cost per Square Foot          $300.00

Bedrooms                              4 bedrooms, 5 and 1/2 baths

Year Built                             2000

Realtor:                                 Suzon Wilson, Coldwell Banker JME Realty

Description                           Sound-front lot in Tiger Point with pool, dock hot tub and the most modern conveniences available.

 

 

Address:                                26 Calle Hermosa

Square Feet                          3125

List Price                              $1,395,000

Cost per Square Foot          $446.40

Bedrooms                              4 bedrooms 3 baths

Year Built                             1990

Realtor:                                 Kathy Tanner, Spencer Realty

Description                           Gulf Front home designed by Gulf Coast specialist architect Julian Peterman. Gorgeous 180° Gulf view from the living room.

 

Address:                                21 Calle Hermosa

Square Feet                          4829

List Price                              $1,200,000

Cost per Square Foot          $248.50

Bedrooms                              5 bedrooms, 4 baths

Year Built                             1992

Realtor:                                 Kathy Tanner, Spencer Realty

Description                           Pensacola Beach Gulf-front home, with a Sound view and a pool to boot. It also has the largest garage on the beach, with space for 8 cars.