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!
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
- 150 days |
- 129 |
- 1 |
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#: 669552
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
| Date | Event | Price |
|---|---|---|
| 8/19/2025 | Listed for sale | $1,350,000 |
Source: | ||
| 6/25/2024 | Listing removed | $1,350,000 |
Source: | ||
| 4/8/2024 | Listed for sale | $1,350,000-3.2% |
Source: | ||
| 1/4/2024 | Listing removed | -- |
Source: | ||
| 2/17/2023 | Listed for sale | $1,395,000 |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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
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Neighborhood: 32507
Nearby schools
GreatSchools rating
- 7/10Hellen Caro Elementary SchoolGrades: PK-5Distance: 2.9 mi
- 5/10Jim C. Bailey Middle SchoolGrades: 6-8Distance: 3.1 mi
- 2/10Escambia High SchoolGrades: 9-12Distance: 11.5 mi
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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