Pensacola and Perdido Key Investment Properties for Sale

Explore Gulf Coast investment properties with a clear view of both the purchase and the ongoing ownership costs. Whether you are considering a Perdido Key vacation rental condo or a Pensacola rental home, the right fit depends on your budget, rental plans, and how much time you want to spend using the property yourself.

Compare Rental Potential and Ownership Costs

A property's asking price is only part of the analysis. Review documented rental history, expected vacancy, management fees, maintenance, insurance, taxes, and association dues. Confirm rental eligibility and restrictions for the specific property; past income does not guarantee future performance.

Choose a Property That Fits Your Strategy

For a short-term rental, compare guest appeal, location, layout, access, and the work needed to keep the property rental-ready. For a longer-term rental, consider operating costs and the practical demands of ownership. Browse Perdido Key condos for sale, Pensacola homes for sale, and our vacation rental property guide to refine your search.

Local Vacation Rental Experience

JD Hallam, Broker/Owner of Perdido Key Resort Realty, has more than 20 years of experience managing short-term vacation rental investment properties. That perspective helps buyers ask better questions about a coastal property's operations, upkeep, and suitability for their plans.

Discuss your investment property goals or call (850) 287-4882. We can help you compare available properties and identify the information to review before making an offer.

Latest Investment Properties

$459,900

3 Beds ⋅ 2 Baths ⋅ 690579 MLS ⋅ La Salbadora BLDG.

EXPERIENCE TRUE LOST KEY LIVING IN THIS FULY FURNISHED 3-BEDROOM, 2-BATHROOM WEST CORNER RESIDENCE AT LA SALBADORA, COMPLETE WITH ASSIGNED GARAGE PARKING SPACE! PERFECTLY SITUATED ON THE DESIRABLE 2ND FLOOR, THIS EXCEPTIONAL CONDO HAS A SCREENED BALCONY AND AN EXPANSIVE TERRACE WHICH IS ONLY OFFERED TO 2ND FLOOR OWNERS! This residence has been freshly updated with new luxury vinyl plank flooring throughout, new lighting, furnishings, and a freshly painted kitchen featuring granite countertops, new dishwasher & stove, and an oversized breakfast bar, perfect for entertaining. The open-concept living and dining areas lead out to your private screened balcony with separate oversized terrace - the perfect spot to relax, unwind, and soak in the serene views. The primary suite offers an abundance of natural light, double vanities, tile shower, jetted tub, and easy access to the balcony. The Lost Key community offers a geo-thermal heated pool and spa, gas grills with a covered outdoor kitchen, a fitness center, tennis and pickleball courts, championship Arnold Palmer golf course, clubhouse, and restaurant. Complimentary shuttle service is offered daily and will take owners and guests to the private, gulf-front Beach Club complete with gulf-front restaurant, pool, and beach chair service. All of this within a secure, gated community, just minutes from the sugar-white beaches of Perdido Key, marinas, restaurants & shopping. Come enjoy the very best of beachside relaxation and championship golf right at your fingertips!

608 Lost Key Dr Unit #201C, Perdido Key

612 Lost Key Dr Unit #403-B, Perdido Key

$444,900

3 Beds ⋅ 2 Baths ⋅ 690478 MLS ⋅ Santo Amaro BLDG.

Santo Amaro # 403 at Lost Key Golf & Beach Club — Privacy, Views & Resort-Style Amenities! Discover this exceptional 3-bedroom, 2-bath condominium in the gated Lost Key community on Perdido Key. There is only one on each floor with this unique 03-stack floor plan. The split-bedroom layout includes two primary suites with walk-in closets, each with access to the screened-in balcony. Floor-to-ceiling sliders and a large picture window capture scenic views of the golf course, a tranquil pond with a soothing fountain, and protected natural surroundings. The spacious kitchen features abundant cabinetry, granite countertops, a breakfast bar, stainless steel appliances, updated lighting, and a refreshed backsplash. Plantation shutters and custom blinds throughout add a polished finishing touch. A highly coveted deeded and assigned covered parking space and two elevators in each building provide added convenience. Enjoy the private Gulf-front Lost Key Beach Club, complimentary beach shuttle service seven days a week with pickup at your door, beach chair and umbrella service, a pool, and an on-site bar and restaurant. Condominium amenities include a geothermal pool maintained at a comfortable temperature year-round, hot tub, fitness facilities, poolside gas grills, and a covered outdoor gathering area. Golf enthusiasts will appreciate the nearby 18-hole Arnold Palmer-designed Lost Key Golf Course, complete with a pro shop, bar, and restaurant. Tennis and pickleball courts and community sidewalks offer additional recreation. The entire community is gated, with 24/7 security at the main entrance. Enjoy the privacy, picturesque views, and outstanding amenities that make Santo Amaro # 403 a standout opportunity for a primary residence or coastal getaway.

612 Lost Key Dr Unit #403-B, Perdido Key

13599 Perdido Key Dr Unit #T3B, Perdido Key

$750,000

2 Beds ⋅ 2 Baths ⋅ 690468 MLS ⋅ Beach Colony Resort BLDG.

Beach Colony Tower 3B, where the water is emerald green, the sand is sugar white, and your biggest daily dilemma is whether to sit by the pool or sit on your balcony staring at the Gulf. Located on the 3rd floor, this fully furnished 2-bedroom, 2-bathroom Gulf-front condo in Perdido Key is ready to steal your heart, upgrade your weekends, and possibly make your friends a little jealous. Inside, you’ll find new appliances, updated bathrooms, and a coastal vibe that says, “I live here now. Please forward all my mail.” Step onto your private, covered Gulf-front balcony for breathtaking views of the Gulf. Enjoy your morning coffee, evening cocktails while doing a little daydreaming. Beach Colony Resort is a gated community that understood the assignment. Two outdoor pools, one indoor heated pool, a fitness center, and tennis courts mean you can be as active as you want—or simply walk past the fitness center on your way to the pool. No judgment here. Restaurants and shopping are nearby, so you’re never far from a good meal or an excuse to leave the cooking to someone else. Did we mention the spacious storage closet? A place for fishing gear, beach toys, and all the vacation essentials you swore you wouldn’t buy but absolutely did. Finally, a place for all that stuff! This condo is already operating as a short-term vacation rental, with 2027 rental revenue on the books. That means you can enjoy your own getaway while exploring its income-producing potential. It’s being sold fully furnished, so you can skip the furniture shopping, the assembly instructions, and the inevitable argument over which way the couch should face. Whether you’re looking for an investment property, a second home, or simply a place to escape the daily grind, Beach Colony Tower 3B checks a whole lot of boxes.

13599 Perdido Key Dr Unit #T3B, Perdido Key

16281 Perdido Beach Blvd Unit #E300, Perdido Key

$785,000

2 Beds ⋅ 2 Baths ⋅ 690339 MLS ⋅ Eden Condo BLDG.

Experience the ultimate coastal luxury in this beautifully updated residence perched at a striking 52-foot elevation, offering panoramic views of the Gulf of Mexico. Inspired by the legendary Eden Roc on the French Riviera, the exclusive Eden community sets the benchmark for resort-style living on the Northwest Gulf Coast of Florida. Nestled between Ole River and pristine State Park land to the north, this location ensures a peaceful, low-density environment behind secure privacy gates Property Highlights • Modern Interiors: Striking decor featuring seamless tiled floors throughout, fully updated bathrooms, and a modernized kitchen. • Tech & Entertainment: Equipped with flat-screen TVs in the living room and all bedrooms, plus an iPod docking station. • Outdoor Living: Unwind on the balcony with pub-height patio furniture, perfect for taking in the elevated Gulf vistas. • Convenience & Efficiency: Conveniently situated near the elevators and trash chute. Features a recently updated water-source heat pump and water heater, contributing to low monthly electric bills. Unrivaled Resort Amenities • Pools & Relaxation: A massive 176-foot main pool with 3 cascading waterfalls, an indoor heated pool, a kiddie pool, and both indoor and outdoor hot tubs. • Beachside Lifestyle: Enjoy the poolside cafe or the decked tiki hut area complete with cooking grills and outdoor TVs for game days. • Wellness & Fitness: Pamper yourself at the on-site spa with massage services, a sauna, his-and-hers steam rooms, and a professional fitness center. • Boater’s Paradise: Bring your boat! Access 24 boat slips equipped with water and electricity, plus a private concrete launching ramp on Ole River. • Recreation & Social: Includes 2 lighted tennis courts (one elevated with a nearby "doggie walk"), a game room for rainy days, and two modern, tech-equipped conference rooms. • The Owners' Lounge: Host unforgettable gatherings in the spacious owners' lounge, featuring a marble bar, tables, a ful

16281 Perdido Beach Blvd Unit #E300, Perdido Key

$654,900

4 Beds ⋅ 4 Baths ⋅ 690252 MLS

Luxury Coastal Living at Lost Key Golf & Beach Club – Perdido Key, Florida! Have it all in this spacious, one-owner, four-bedroom, four-bath villa located in the highly sought-after gated community of Lost Key Golf & Beach Club. Situated within 413 acres in the heart of beautiful Perdido Key, this exceptional villa has never been rented and offers the perfect blend of comfort, privacy, and resort-style living. Step inside and discover a spacious, thoughtfully designed floor plan featuring plantation quartz countertops & tile plank tile flooring. The main level offers custom Roman shades in an inviting living and dining area, plus a bedroom and full bathroom—ideal for guests or convenient one-level living. Just off the living room, a screened-in porch overlooks a private, wooded backyard, creating a peaceful setting to relax and unwind. Upstairs, Plantation Shutters throughout with plenty of room for family and guests, including a spacious primary suite with an oversized walk-in closet and an ensuite bathroom featuring a large walk-in shower & double vanity. The garage offers abundant extra storage, including a climate-controlled storage room—perfect for keeping your beach gear and seasonal belongings organized. Enjoy an exceptional collection of resort-style amenities! Lost Key features 24/7 gated security, a resort-style swimming pool, hot tub, fitness center, tennis and pickleball courts, & an 18-hole championship golf course with its own dining room, bar, and pro shop. One of the community’s most treasured features is the exclusive Gulf-front Lost Key Beach Club, complete with a restaurant, bar, restrooms, & beach chair & umbrella service. Leave the car behind & enjoy the convenience of the complimentary beach shuttle, picks you up right at your door & runs 7 days a week! With sidewalks throughout the community, Lost Key is perfect for walking, biking, & enjoying the beautiful coastal surroundings. Restuaurants, shops, pharmacies & more close by!

6605 Carlinga Dr, Perdido Key

14098 Sable Palm Way Unit #230, Perdido Key

$489,990

3 Beds ⋅ 3 Baths ⋅ 690134 MLS

Experience coastal living at its finest in the gated Lost Key Golf & Beach Club! This beautifully designed Sabal Palm townhome offers 3 bedrooms, 2.5 bathrooms, and a thoughtfully designed open-concept layout with upscale finishes throughout. The stylish kitchen features quartz countertops, white shaker-style cabinetry, stainless steel appliances, and plenty of space for entertaining, while durable tile flooring extends throughout the main living areas. The spacious primary suite provides a private retreat with a beautifully tiled walk-in shower and generous closet space. Enjoy the unmatched lifestyle that Lost Key has to offer, including a private Beach Club with direct Gulf access, resort-style pool, fitness center, tennis and pickleball courts, golf course, walking trails, and complimentary shuttle service to the Beach Club. With 7-day minimum short-term rentals permitted, this property is an excellent opportunity as a primary residence, vacation home, or income-producing investment. This home is currently under construction. Photos, renderings, floor plans, colors, finishes, features, and options are for illustrative purposes only and may vary from the home as built. Pricing, specifications, and availability are subject to change without notice. All information is deemed reliable but should be independently verified by the buyer or buyer's agent. Schedule your visit today and ask about our current buyer incentives!

14098 Sable Palm Way Unit #230, Perdido Key

$799,000

3 Beds ⋅ 3 Baths ⋅ 690117 MLS ⋅ La Serena On Perdido Key BLDG.

WELCOME HOME TO LA SERENA 308 – EXPERIENCE THE BEST OF PERDIDO LIVING WITH UNPARALLELED VIEWS OVERLOOKING THE INTRACOASTAL WATERWAY AND OLE RIVER! Relax and experience low-density living in this gated waterfront community, where days are spent watching boats cruise along the waterway, dolphins playing, and coastal wildlife in their natural surroundings. Owners enjoy deeded covered parking, climate-controlled storage, and a 30-day minimum rental restriction for a true residential feel. For boat owners, an EXTRA-WIDE DEEDED BOAT SLIP with a heavy-duty 30,000-lb Superlift is AVAILABLE FOR ADDITIONAL PURCHASE. This spacious 3-bedroom, 3-bath residence features tile and hardwood flooring throughout. At the heart of the residence, the inviting gourmet kitchen features granite countertops, a herringbone tile backsplash, painted cabinetry, stainless steel appliances, a wine cooler, a trash compactor, and a butcher-block island. The open-concept living and dining area is filled with natural light and beautiful water views, flowing seamlessly onto the balcony for effortless indoor-outdoor living, with access from both the living room and the primary bedroom. The primary suite offers a serene retreat with a generous walk-in closet featuring custom shelving, and a beautiful private bath with granite countertops, a jetted tub, and custom tile work. One guest bedroom doubles as a home office with custom cabinetry, built-in shelving, and a Murphy bed cabinet, offering flexibility for guests. Upgrades include a new water heater and a heavy-duty HVAC system with hospital-grade filtration. Within the gated community, enjoy resort-style amenities including indoor & outdoor pools, spas, fitness center, sauna, steam room, tennis/pickleball courts, and grilling area. La Serena's prime location puts residents just minutes from public beach access, the dog park, marinas, dining, and entertainment. La Serena 308 offers the perfect balance of waterfront tranquility and boating convenience!

14500 River Rd Unit #308, Perdido Key

16401 Perdido Key Dr Unit #110, Perdido Key

$775,000

3 Beds ⋅ 3 Baths ⋅ 690116 MLS ⋅ Seafarer Condo BLDG.

**RARE GULF-FRONT OPPORTUNITY AT SEAFARER CONDOMINIUMS — A TRUE 3-BEDROOM, 3-BATH, GROUND-FLOOR RESIDENCE WITH GULF VIEWS MATCHED BY FEW OTHERS ON PERDIDO KEY! ** Seafarer is one of the Key's few low-density "Old Florida" communities, offering the rare combination of beachfront living and boating on Ole River, with boat slips, a boat launch, and boat storage directly across the street. This west-end, ground-floor unit stands out: unobstructed Gulf views rarely found on a ground floor, paired with privacy few beachfront owners experience and the ease of single-level living — no elevators or stairs to the beach, pool, or parking. Step out your covered patio onto what feels like your own private grassy lawn — a rare buffer of lush green space between you and the beach that makes this residence feel more like a quiet cottage retreat than a condo. Inside, the open-concept living, dining, and kitchen area is bathed in natural light, with tile flooring throughout, plantation shutters, granite countertops, and a center island. The Gulf-front primary suite takes full advantage of the home's position with windows overlooking the beach and double closets, while two generously sized guest bedrooms — each large enough to accommodate two queen beds — share direct access to a guest bath. Seafarer's lush, tropical, meticulously maintained grounds set it apart from other Gulf-front communities, with inviting green space surrounding the Gulf-front pool. Additional amenities include tennis and pickleball courts and on-site management and maintenance. You're just 0.2 miles from The Crab Trap Restaurant, one of Perdido Key's favorite waterfront dining spots. Please note: Seafarer no longer permits new owners to rent; a limited number of grandfathered owners retain rental privileges. Residences here rarely come available — this is a rare chance to own a ground-floor unit with Gulf views matched by few others, and a private lawn setting unlike anything else on the island.

16401 Perdido Key Dr Unit #110, Perdido Key

13575 Sandy Key Dr Unit #231, Perdido Key

$735,000

3 Beds ⋅ 2 Baths ⋅ 689873 MLS ⋅ Sandy Key Condo BLDG.

Beach days made easy at Sandy Key #231! This fully furnished 3BR/2BA Gulf-front condo sits on the 2nd floor of the West tower, so it's simple to go back and forth to the sand all day, with no long elevator waits or hauling beach gear up to a high floor. The 1,424 sq ft CORNER UNIT is move-in and rental-ready, with new luxury vinyl plank floors, freshly refinished and painted cabinets, granite countertops, a stainless refrigerator, plantation shutters on every window and balcony door, and a fresh coastal palette. The light-filled living area opens to a private balcony overlooking the Gulf and the private beach below. The kitchen offers plenty of cabinets and counter space, a breakfast bar, and dining seating. The primary suite opens to the balcony so you wake up to Gulf views, and its ensuite bath has a walk-in shower. A second bedroom also has balcony access, and the third comfortably hosts extra guests. The guest rooms share a bath with a tub/shower combo. With projected gross rental income of $53K per the Sandy Key rental office, this is an outstanding investment. The unit is close to one of the community's two Gulf-front pools. Amenities include direct beach access, a seasonally heated pool, hot tub, fitness center, lighted tennis and pickleball courts, BBQ areas, dune-view swings, gated entry, and on-site HOA management. It's a 10 min walk to Johnson Beach and Gulf Islands National Seashore, plus dining, boating, fishing, and shopping, with Orange Beach and Gulf Shores to the west and Pensacola to the east. Primary residence, second home, or investment property, this condo delivers. Claim your coastal escape today!

13575 Sandy Key Dr Unit #231, Perdido Key

16284 Perdido Beach Blvd Unit #115, Perdido Key

$679,000

3 Beds ⋅ 3 Baths ⋅ 689794 MLS ⋅ Seaspray Condo BLDG.

Make the most of fully furnished condo living in this convenient ground-floor 3 bed 3 bath, corner unit in a complex built for relaxation and recreation. Enjoy two pools, Hot tubs, Boat Ramp with docks—perfect for spending your days poolside or out on the water. A short walk across the street gets you beach front access and all amenities with Sea Spray Gulf Side. A storage unit offers space for your extra belongings, and trailer parking makes boating days even more convenient. Owners provided 3 parking spaces and up to 2 pets. Seaspray can manage the rentals for you when you are not here if you are looking to produce some income while owning this money maker. With easy ground-floor access and amenities that complement an active lifestyle, this condo is ready to become your next getaway or everyday home.

16284 Perdido Beach Blvd Unit #115, Perdido Key

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