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Lot/land
  • $1,350,000

    5661 Galvez Rd, Perdido Key, FL 32507

    --beds
    --baths
    1.31Acres
    Unimproved Land
    Built in ----
    1.31 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Coastal charm
    Unlock an exceptional investment opportunity in one of Perdido Key’s fastest-growing corridors. This 1.3-acre property offers an unparalleled mix of visibility, access, and flexibility, with 250 feet of frontage each on Innerarity Point Road, Galvez Road, and Cruzat Way. Zoned HDMU, it is primed for both residential and commercial development, creating multiple income streams from a single site. Originally platted into 10 residential lots, the property is ideal for boutique townhomes, upscale vacation rentals, or a mixed-use destination that combines ground-floor retail with high-demand upper-floor Airbnb units. Imagine the rental income from a thoughtfully designed complex featuring a coffee shop, boutique retail, or wellness studio below, paired with luxury short-term or long-term rentals above—perfectly positioned to capture year-round tourism and steady local demand. The location is unbeatable: across from the popular Hub Stacey’s, next to picturesque Innerarity Point Park, and steps from Galvez Landing for boating, fishing, and waterfront recreation. Residents and visitors alike will appreciate the ability to walk to restaurants, entertainment, and essential services. The neighborhood’s momentum is undeniable, with several new residential communities and a modern apartment complex recently completed, increasing foot traffic and creating a ready-made customer base. The combination of tourism growth, a booming residential population, and the area’s coastal charm makes this a rare chance to secure a high-performing asset in a market poised for continued appreciation. Whether your goal is steady cash flow, long-term equity growth, or both, this prime location offers the versatility and demand drivers that investors seek. Act now to claim your place in Perdido Key’s dynamic future. NO BEACH MOUSE PERMIT NEEDED!
    150 days
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    129
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    1
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    Zillow last checked: 8 hours ago

    Listing updated: August 19, 2025 at 02:08pm

    Listed by:

    Sadie O'gara 850-619-2732,

    Levin Rinke Realty

    Source: PAR,MLS#: 669552MLS Logo

    Facts & features

    Interior

    Features
    • Has basement: No
    Video & virtual tour

    Property

    Features
    • Has view: Yes
    • View description: Bay, Water
    • Has water view: Yes
    • Water view: Bay, Water
    • Waterfront features: Beach
    • Frontage length: Road Frontage(250)
    Lot
    • Size: 1.31 Acres
    • Dimensions: 250X250
    • Features: Central Access, Corner Lot
    Details
    • Has additional parcels: Yes
    • Parcel number: 143s325000110002
    • Zoning description: County,Res Multi,Res Single,High Density Mixed Use

    Utilities & green energy

    • Water: Public
    • Utilities for property: Sewer Available

    Community & HOA

    Community
    • Features: Dock, Fishing, Pavilion/Gazebo, Picnic Area
    • Subdivision: Gulf Beach Heights
    Location
    • Region: Perdido Key

    Financial & listing details

    • Tax assessed value: $539,649
    • Annual tax amount: $1,548
    • Price range: $1.4M - $1.4M
    • Date on market: 8/19/2025

    Estimated market value

    Not available

    Estimated sales range

    Not available

    Not available

    Price history

    Price history
    DateEventPrice
    8/19/2025Listed for sale$1,350,000
    Source: PAR #669552 Report a problem
    6/25/2024Listing removed$1,350,000
    Source: PAR #643352 Report a problem
    4/8/2024Listed for sale$1,350,000-3.2%
    Source: PAR #643352 Report a problem
    1/4/2024Listing removed--
    Source: PAR #622650 Report a problem
    2/17/2023Listed for sale$1,395,000
    Source: PAR #622650 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2024$1,548 $539,649 +24.3%
    2023-- $434,176 +24%
    2022$1,493 +0.5%$350,185 +7.2%

    Find assessor info on the county website

    BuyAbility℠ payment

    Estimated monthly payment
    All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
    HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
    Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
    See how much you could borrow to make a competitive offer.

    Boost your down payment with 6% savings match

    Earn up to a 6% match & get a competitive APY with a *. Zillow has partnered with to help get you home faster.

    Learn more*Terms apply. Match provided by Foyer. Account offered by Pacific West Bank, Member FDIC.

    Climate risks

    Neighborhood: 32507

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Hellen Caro
    • Middle: BAILEY
    • High: Escambia

    Source: PAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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