Banana Bay, Pensacola, FL Homes for Sale

Overview of Banana Bay Real Estate

Situated in the vibrant city of Pensacola, Florida, Banana Bay is an exceptional neighborhood known for its stunning waterfront properties and a laid-back coastal lifestyle. This area presents a unique blend of residential options, ranging from cozy single-family homes to luxurious waterfront estates. The local real estate market has been experiencing significant growth, attracting buyers looking for both vacation homes and permanent residences. With its prime location near the Gulf of Mexico, Banana Bay offers stunning views and easy access to some of Florida's finest beaches.

Types of Properties Available

Banana Bay boasts a diverse range of properties, catering to various preferences and budgets. Prospective buyers can find everything from quaint cottages to sprawling waterfront villas, making it an attractive option for families and investors alike. The architecture in the area varies, with many homes featuring classic Floridian designs that highlight open floor plans, large windows, and outdoor living spaces. Some properties also come with boat slips, providing convenient access to the water for boating or fishing enthusiasts.

Market Trends and Investment Potential

The real estate market in Banana Bay has shown a steady upward trend, with property values appreciating in recent years. This growth is fueled by the area's appeal as a prime vacation destination, coupled with Pensacola's overall economic development. The demand for rental properties has also increased, as more people seek to experience the charm of Banana Bay while on holiday. Investors looking for opportunities in the rental market are likely to find promising returns in this thriving neighborhood.

Community Features and Amenities

Banana Bay is not just about its beautiful homes; the community offers a variety of amenities that enhance the coastal living experience. Residents enjoy easy access to parks, recreational areas, and of course, the stunning beaches that Pensacola is known for. The neighborhood is also close to a range of dining, shopping, and entertainment options, making it convenient for everyday needs. The sense of community here is strong, with local events and activities that foster connections among residents.

Why Choose Banana Bay?

Choosing to invest in real estate in Banana Bay comes with several compelling advantages. Its proximity to the Gulf of Mexico ensures a lifestyle filled with outdoor activities, including fishing, boating, and beach outings, which are appealing to both families and retirees. Additionally, the area’s blend of natural beauty and modern conveniences makes it a desirable location for those seeking relaxation and recreation. As more people discover the allure of Banana Bay, it solidifies its position as one of Pensacola's most sought-after neighborhoods for real estate investments.

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Newest Banana Bay, Pensacola, FL Homes for Sale

$629,900

4 Beds ⋅ 3 Baths ⋅ 685682 MLS

Turnkey 4BR/3BA Coastal Retreat | Built in 2020 | Main-Level Living | Fully Furnished BUILT IN 2020 and nearly 15 years newer than most homes in the community, this turnkey 4BR/3BA coastal home offers a hard-to-find combination in Perdido Key: newer construction, generous space, zero-step entry, and easy main-level living. From the street, it looks like a charming single-story coastal home. Step inside and discover a surprisingly spacious two-story floor plan. ZERO-STEP ENTRY from the private 2-car paved driveway makes everyday living easy. The main level features an open kitchen, dining, and living area opening to the patio, plus the primary suite, second bedroom, and another full bath. Live comfortably downstairs while keeping the upper level for family and guests. Upstairs, you'll find two additional bedrooms, a third full bath, two flexible bonus rooms, an extra laundry room, and two walk-in closets—ideal for guests, an office, hobbies, or storage. Engineered concrete and steel construction adds durability, storm resilience, and energy efficiency. Relax on your private patio overlooking the green fairways of Lost Key Golf Course, an Arnold Palmer-designed Audubon Sanctuary course. The golf course entrance is just across the street. Enjoy a private community beach on the Intracoastal Waterway, pool, hot tub, fitness center, and sauna. Gulf beaches and Johnson Beach are less than 2 miles away, Flora-Bama is about 15 minutes away, and NAS Pensacola is less than 5 miles from the property. Perfect as a primary residence, second home, or lock-and-leave coastal getaway. Come see it in person—the space may surprise you! All information is deemed reliable but not guaranteed. Buyer/Buyer's Agent to verify measurements, square footage, dimensions, HOA information, restrictions, and other information material to Buyer's purchase decision.

13941 Del Rio Dr, Pensacola

$589,900

4 Beds ⋅ 3 Baths ⋅ 677154 MLS ⋅ Banana Bay BLDG.

ALL REASONABLE OFFERS WILL BE CONSIDERED. Banana Bay is a gated waterfront community on Perdido Key-one of the most recognizable properties with brightly colored townhomes that whisk you away to island living. This property is nestled along the intracoastal waterway where you can enjoy the beautiful private white sandy beach. This stunning, blue lapiz 3-bedroom (and bonus room/loft), 2.5-bath, 1 car garage townhome is fully furnished and move in ready. Short, long and vacation rentals are permitted. Built in 2017 using ICF, (superior construction), and a metal roof, this property offers strength, energy efficiency, and storm resistance, advantages for long-term ownership and reduced maintenance costs. The property boasts 2,098 sq ft and the open-concept layout that provides generous living and dining areas for owner occupancy and short or long-term rental use. The spacious kitchen is adjacent to the laundry room and features ample cabinetry and functional workspace, flowing seamlessly into the dining area and the main living area for easy entertaining. The primary suite is located on the main level, enhancing privacy and accessibility, and includes an ensuite bath with double vanity, soaking tub, and separate walk-in shower. Two additional bedrooms, a second full bath, and a versatile loft/bonus area provide flexible accommodations. Plenty of storage throughout the home, including the walk-out attic space, supports beach and boating lifestyles. Banana Bay is a 57-unit gated community offering resort-style amenities. Residents enjoy exclusive access to a private sandy beach along with resort-style amenities including a pool, hot tub, sauna, steam room, fitness center, and clubhouse with a kitchen and gathering space. The low HOA fee of $4,620 per year includes cable, internet, trash service, landscaping, and amenity maintenance. With boating, dining, and sugar-white beaches nearby, easy access to Orange Beach and Pensacola, this is Coastal living at its best.

13909 Del Rio Dr Unit #13909, Pensacola

$645,000

3 Beds ⋅ 3 Baths ⋅ 670064 MLS

Enjoy coastal living at the gated waterfront community of Banana Bay on Perdido Key. This 3BR/3BA unfurnished townhome offers over 2,000 sq ft. The main floor includes 2 bedrooms, 2 baths, an open living/dining area, and an updated kitchen with butler’s pantry. Upstairs features a second living area, 3rd bedroom, full bath, bonus room, laundry, and attic storage. Constructed with ICF and steel, the home has a metal roof, gutters, and 2 dedicated parking spots. Step outside to grill the catch of the day on your patio, walk down to the community’s sandy beach, or take a quick dip in the pool. Community amenities include private marina, beach, pool, hot tub, clubhouse, sauna, and fitness center. Low HOA dues. Boat slip in not included and availability is negotiable. Convenient located near Pensacola & Orange Beach. Experience the laid-back beach lifestyle of Perdido Key, perfectly situated near both the Gulf and the Intracoastal.

6050 Valhalla Ave, Pensacola

$945,000

4 Beds ⋅ 3 Baths ⋅ 665058 MLS

Take a slow walk out you back door for the best views of this large white sandy beach, come and relax on the large patio and have a beverage after a long week and watch the freighters and beautiful boats coming up and down the intracoastal waterways, you might just see a dolphin or two traveling to the open water of the Gulf of Florida. The breezes off the water keep you refreshed and cool. Banana Bay is one of best built townhomes on the Key and with stood the hurricane winds and rain of Ivan and Sally. These are constructed with ICF(Interlocking Concrete Forms).To me this has the most spectacular views and is furthest from the water. There is a 8 ft bulk head that will hold the water back. This furnished home(some personal items will be removed)is great for entertaining with a large open floor plan, High ceilings, large windows that let in lots of light, granite countertops, lots of cabinets, tile and hardwood floors, ceiling fans, lots of closet space, new dual A/C unit and metal roof. There is a large bonus room downstairs that can be used as another bedroom for guest or office space. The master upstairs is 13x19 with a sitting area with lots of windows for the sun to shine in. Hardwood floors in all of the bedrooms. Master bath has a large tiled walk-in shower, garden tub, Double vanity and water closet. The additional 2 bedrooms are spacious for your guest or family. This unit also has a single car garage. This is a must see. This unit also comes with a boat slip and has a separate HOA , 380.00 a year. Pays for Cable and Internet, Lawn, Amenities and Trash. This is a gated community with a pool, hot tub, workout room, meeting space and the beautiful beach. This unit is rental unit which has already generated 75-80,000.00 over the last couple years. Bring all offers.

13936 Playa Way, Pensacola

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