Attention investors! Back on the market at no fault to the sellers-previous contract fell through due to buyer circumstances. Here's your opportunity to own 3 waterfront houses on one property plus the only waterfront 4-unit apartment building in Gulf Breeze. This incredible multi-family investment sits on a double lot just under an acre. Soundside Cove (5231/5233 Soundside Dr.) offers 11 bedrooms and 8 bathrooms across 7 units. Every home has stunning views of the Intracoastal Waterway, expansive decks, full kitchens, cozy living areas, separate laundry, and independent utilities. Whether you’re starting a short-term rental business or want to live in one and rent the rest, the possibilities are endless. Steps from the Woodlawn Beach Boat Ramp, the property includes a newly rebuilt 200’ dock for multiple boats, sandy beach, stone fire pit, picnic area under mature Naval Live Oaks, 3 storage sheds, blueberry garden, and low-maintenance landscaping with well and sprinkler system. Catch red fish, speckled trout, crabs and beautiful sunsets straight from the dock. Equally distant from both Navarre Beach and Pensacola Beach, this prime property makes a perfect vacation destination. 5233 Soundside includes 2 houses (Units A & C) built in 2008 with impact windows/doors. Unit A, is a newly renovated 1,288 sq ft 3/2, and Unit C, is a newly renovated 720 sq ft 1/1 single-family home. 5231 Soundside includes a house and a 4-unit apartment building. The house, Unit B, is a 512 sq ft studio "treehouse" built in 2010. The apartment, (Units D–G) was built in 1982 (new roof and beautiful Trex covered porches 2024). Has two 2/1 units and two 1/1 units. Unit G is newly renovated. Each parcel has been upgraded from septic to city sewer with separate connections (2025). Business license available permitting short/long term rentals specific to property due to its grandfathered in multi-family zoning.
For sale
$2,350,000
5233 Soundside Dr, Gulf Breeze, FL 32563
--beds
5,120sqft
Est.:
MultiFamily
Built in 2008
-- sqft lot
$-- Zestimate®
$459/sqft
$-- HOA
What's special
Waterfront housesIndependent utilitiesExpansive decksSandy beachSeparate laundryWell and sprinkler systemBlueberry garden
- 17 hours
- on Zillow |
- 54 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: August 02, 2025 at 12:57pm
Listed by:
Callan Dermody 703-655-1694,
Poppy Properties LLC
Source: PAR,MLS#: 668745

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Multi Units, Central, Wall Furnace
Cooling
- Ceiling Fan(s), Multi Units, Wall/Window Unit(s)
Appliances
- Included: Water Heater, Electric Water Heater, Dryer, Washer, Built In Microwave, Dishwasher, Disposal, Microwave, Refrigerator, Self Cleaning Oven
- Laundry: Inside, W/D Hookups, Common Area
Features
- Bar, Ceiling Fan(s), High Speed Internet, Recessed Lighting
- Flooring: Carpet
- Windows: Impact Resistant Windows, Blinds, Drapes, Drapery Rods
- Has basement: No
- Has fireplace: Yes
Interior area
- Total structure area: 5,120
- Total interior livable area: 5,120 sqft
Property
Parking
- Total spaces: 3
- Parking features: 3 Car Carport, Boat, Covered, Guest, Parking Lot, Circular Driveway, Courtyard Entrance, RV/Boat Parking
- Carport spaces: 3
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Deck, Patio, Porch, Covered Deck
- Exterior features: Balcony, Fire Pit, Irrigation Well, Rain Gutters, Dock, Boat Slip
- Fencing: Back Yard,Full,Privacy
- Has view: Yes
- View description: Sound, Water
- Has water view: Yes
- Water view: Sound, Water
- Waterfront features: Sound, Waterfront, Beach Access, Block/Seawall, Pier, Beach
- Frontage length: Water Frontage(125)
Lot
- Features: Sprinkler
Details
- Additional structures: Guest House, Yard Building
- Parcel number: 302s275930004000160
- Zoning description: Res Multi,Res Single
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
Materials
- Frame
- Foundation: Off Grade, Pillar/Post/Pier
- Roof: Shingle
Condition
- Resale
- New construction: No
- Year built: 2008
Utilities & green energy
- Electric: Circuit Breakers, Copper Wiring
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: Insulation, Insulated Walls, Ridge Vent, Thermal Treated
Community & HOA
Community
- Features: Dock, Fishing, Picnic Area, Pier
- Security: Smoke Detector(s)
- Subdivision: Woodlawn Beach
Location
- Region: Gulf Breeze
Financial & listing details
- Price per square foot: $459/sqft
- Price range: $2.4M - $2.4M
- Date on market: 8/2/2025
- Lease term: None
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