The Wade Team
201 S Stillman St new Save Request In-Person Tour Request Virtual Tour
Pensacola,FL 32505
Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 500 sqft
Price per Sqft $338
Subdivision Martinique On The Bayou
MLS Listing ID 668564
Style Contemporary
Bedrooms 1
Full Baths 1
HOA Fees $400/ann
HOA Y/N Yes
Year Built 2006
Lot Size 1.640 Acres
Acres 1.64
Property Sub-Type Condo
Source Pensacola MLS
Property Description
Waterfront Condo Living with Investment Upside, 201 S. Stillman Street unit 103, is a rare opportunity to own a beautifully maintained 1-bedroom, 1-bath unit in a waterfront condominium community just minutes from Downtown Pensacola. This stylish unit offers an open floor plan, updated kitchen, laundry facilities, and a private patio—with serene views of Bayou Chico. Whether you're seeking a primary residence, long-term rental, or a low-maintenance second home, this unit delivers lifestyle and convenience in one. The building features poured concrete construction, three elevators, and ample parking, with recent structural milestone reports already completed and no major repairs needed. Monthly COA dues of just $300 include exterior maintenance and building insurance. Units here are easy to rent, consistently drawing $1,500/month in rental income thanks to their proximity to NAS, the beach, and all that downtown Pensacola has to offer. What truly sets this opportunity apart? The seller is offering up to 27 units from a 31-unit block within the 64-unit development, making this a rare chance to acquire a majority stake in a thriving condo community. Whether you're purchasing a single unit or exploring the full portfolio, the possibilities are compelling. With waterfront access, four parking lots, and solid rental performance, this property aligns with a variety of strategies—from long-term hold to resale of individual units. No zoning changes are needed to enjoy the condo's current use as income-producing housing, and the condominium structure itself offers exit flexibility for investors seeking optionality. Insurance is handled by the COA, and current taxes for the full 27-unit offering are around $47,000 annually. Don't miss your chance to buy into one of Pensacola's most quietly successful waterfront investment opportunities available by the unit or as part of a premium rental portfolio.
Location
State FL
County Escambia - Fl
Zoning Commercial
Rooms
Dining Room Kitchen/Dining Combo
Kitchen Updated
Interior
Interior Features Storage,Ceiling Fan(s)
Heating Central,Wall/Window Unit(s)
Cooling Wall/Window Unit(s),Ceiling Fan(s)
Flooring Tile
Appliance Electric Water Heater,Disposal,Refrigerator
Exterior
Exterior Feature Dock
Parking Features Parking Lot
Pool None
Community Features Marina
Waterfront Description Bayou,Waterfront,Block/Seawall
View Y/N Yes
View Bayou,Water
Roof Type Shingle
Total Parking Spaces 1
Garage No
Building
Faces Turn right onto W Garden St/US-98 Bus W/FL-30 2.4 mi Turn left onto S Stillman St
Water Public
Structure Type Concrete,ICFs (Insulated Concrete Forms)
New Construction No
Others
HOA Fee Include Association,Maintenance Grounds,Insurance,Maintenance,Pest Control,Trash,Water/Sewer
Tax ID 000S009089103001
Security Features Smoke Detector(s)
Virtual Tour https://aevrealestatephotographypensacola.hd.pics/201-S-Stillman-St/idx