Back on market at no fault of the sellers. Attention Investors! Here's your chance to own 5 individual income producing waterfront units on Soundside Drive in Gulf Breeze, located between Pensacola Beach and Navarre Beach. 5231 Soundside is a residential multi-family property on .41 acres made up of "The Treehouse" and "The Apartments." The Treehouse (2010) is a 512 sq ft studio house on pilings with a full kitchen, bath, laundry, walk in closet, large storage shed, deck with water views and covered parking. The apartments (1982) is a 4-plex consisting of two 2/1 units and two 1/1 units, each with a full kitchen, bath, laundry, shared storage shed, and extensive decks and covered porches with breathtaking views. Each of the 5 units has independent utilities and separate addresses. Steps from the Woodlawn Beach Boat Ramp, this boating and fishing paradise includes a sandy beach, stone fire pit, picnic area, and low-maintenance landscaping. Catch red fish, speckled trout, crabs and beautiful sunsets from the shore. This versatile location is coveted as a peaceful vacation destination. Whether you’re starting a short-term rental business or want to live in one unit and rent the rest, the possibilities are endless. Highly desirable school district too! (New roof 2024, Unit G complete renovation 2025. Upgraded from septic to city sewer 2025). Business license available permitting short/long term rentals specific to property due to its grandfathered in multi-family usage. Currently 5231/5233 Soundside Dr function as one combined property called Soundside Cove. This is a legally subdivided parcel of MLS #668745, for sale individually as well as together as a whole.
For sale
$1,250,000
5231 Soundside Dr, Gulf Breeze, FL 32563
--beds
3,112sqft
Est.:
Apartment
Built in 1982
-- sqft lot
$-- Zestimate®
$402/sqft
$-- HOA
What's special
Sandy beachWaterfront unitsCovered parkingStudio house on pilingsBreathtaking viewsDeck with water viewsPicnic area
- 7 hours
- on Zillow |
- 24 |
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Zillow last checked: 7 hours ago
Listing updated: 14 hours ago
Listed by:
Callan Dermody 703-655-1694,
Poppy Properties LLC
Source: PAR,MLS#: 668987

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Multi Units, Central, Wall/Window Unit(s)
Features
- Has basement: No
Interior area
- Total structure area: 3,112
- Total interior livable area: 3,112 sqft
Property
Features
- Exterior features: Dock, Boat Slip
- Has view: Yes
- View description: Sound, Water
- Has water view: Yes
- Water view: Sound, Water
- Waterfront features: Sound, Waterfront, Beach Access, Block/Seawall, Pier
Details
- Parcel number: 302s275930004000170
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Roof: Shingle
Condition
- Year built: 1982
Utilities & green energy
- Electric: Circuit Breakers, Copper Wiring
Community & HOA
Community
- Subdivision: Soundside
Location
- Region: Gulf Breeze
Financial & listing details
- Price per square foot: $402/sqft
- Tax assessed value: $534,662
- Annual tax amount: $6,321
- Price range: $1.3M - $1.3M
- Date on market: 8/8/2025
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