Welcome to the cutest new cottage in Pensacola, just two blocks from the water! This completely remodeled 1943 cottage in downtown Pensacola is a true gem, bursting with vibrant colors and modern details. The exterior features custom stained wood shutters, fresh paint, and a fenced yard, all framed by majestic large oak trees. Inside, this charming home offers 3 bedrooms and 1 full bath, with custom-built bunk bed built-ins that maximize space and comfort, allowing it to sleep up to 8 guests. Ideal for a family or as a short-term rental property, especially with no HOA restrictions. The brand-new kitchen is a highlight, showcasing custom butcher block countertops, new cabinets, a stylish tile backsplash, and all new stainless steel appliances, including a new oven and hood. A breakfast bar opens to the living room, creating a perfect space for casual dining and socializing. Conveniently located just off the kitchen is a convenient laundry nook. New spray foam in both the crawlspace and the attic, enhancing energy efficiency throughout the home. New flooring and paint flow throughout the home, enhancing its fresh, modern feel. From the dining room, step out onto the newly built landing and stairs that lead into the inviting side yard, perfect for entertaining or relaxing. Additional features include brand new fixtures, hardware, and interior doors. The bedrooms boast custom built-in shelves, adding both functionality and charm. Outside, the property is beautifully landscaped and includes a versatile shed/workshop in the backyard. While the home retains the history and charm of its 1943 origins, the effective year is 1990, which should help with insurance. Not to mention the brand NEW HVAC system and NEW water heater, and recent (2017) roof! This little retreat combines historic appeal with modern amenities, making it a perfect home or investment opportunity in the heart of Pensacola. Don’t miss out on this unique find!
Sold for $195,000 on 06/13/25
$195,000
540 S 1st St, Perdido Key, FL 32507
3beds
1,001sqft
Single Family Residence
Built in 1943
6,098.4 Square Feet Lot
$195,000 Zestimate®
$195/sqft
$1,487 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: June 15, 2025 at 11:10am
Listed by:
Hilary Brady 850-503-9345,
Levin Rinke Realty
Bought with:
Krystal Reeves
Reeves Realty LLC
Source: PAR,MLS#: 645808

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Kitchen
- Level: First
- Area: 81
- Dimensions: 9 x 9
Living room
- Level: First
- Area: 144
- Dimensions: 12 x 12
Heating
- Central
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Electric Water Heater, Refrigerator
- Laundry: Inside
Features
- Bar, Ceiling Fan(s), High Speed Internet, Smart Thermostat
- Flooring: Carpet
- Windows: Double Pane Windows, Blinds
- Has basement: No
Interior area
- Total structure area: 1,001
- Total interior livable area: 1,001 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Pool features: None
- Fencing: Back Yard,Privacy
Lot
- Size: 6,098 sqft
- Features: Central Access
Details
- Additional structures: Yard Building
- Parcel number: 512s307062490037
- Zoning description: Res Single
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subtype: Single Family Residence
Materials
- Block
- Foundation: Off Grade
- Roof: Shingle,Hip
Condition
- Resale
- New construction: No
- Year built: 1943
Utilities & green energy
- Electric: Copper Wiring
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & neighborhood
Location
- Region: Perdido Key
- Subdivision: New Warrington
HOA & financial
HOA
- Has HOA: No
- Services included: None
Other
Other facts
- Road surface type: Paved
Services availability

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$195,000
2% more+ $3,900
With Zillow Showcase(estimated)
$198,900