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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

7249 Surfview Dr, Perdido Key
$1,325,000
6 Beds ⋅ 5 Baths ⋅ 688455 MLS
Located in the gated Paradise Isle community and neighboring Gulf Islands National Seashore, this spacious 6-bedroom, 4.5-bath coastal home offers approximately 3,803 SF with beautiful Gulf views and an incredible setting in Perdido Key. Offering generous spaces for living & entertaining, the home features updated wood flooring throughout, an elevator, geothermal heat pumps/HVAC, a metal roof & multiple levels of indoor & outdoor living space. The chef’s kitchen features granite countertops & a new gas stove, while the spacious primary suite includes a spa-inspired bath. A ground-level mini apartment provides additional flexibility for guests, extended family or a private retreat. A tower room provides amazing views overlooking the park! Outside, enjoy generous deck space & your own outdoor entertaining deck, creating an inviting place to relax & take in the coastal surroundings. With garage parking, Gulf views & the natural beauty of Gulf Islands National Seashore nearby, this home puts the best of Perdido Key right outside your door. Spend your days on the sugar-white beaches, evenings enjoying Gulf breezes & sunsets from the deck, and every day surrounded by the laid-back coastal lifestyle that makes Perdido Key such a special place to call home.

7249 Surfview Dr, Perdido Key
14482 Innerarity Pt Rd, Perdido Key
$329,000
3 Beds ⋅ 2 Baths ⋅ 688391 MLS
Location!!Location!!Location!! Welcome to this inviting 3-bedroom, 2-bathroom home in the desirable community of Innerarity Isles, perfectly positioned just minutes from the beautiful beaches of Perdido Key and the coastal lifestyle you have been looking for. Step inside to spacious 1,928 square feet, cathedral ceilings featuring elegant alcoves and arches, and tile flooring throughout (with carpet in guest rooms). This home offers an open kitchen/dining concept with plenty of room for that formal dining table, plus indoor laundry conveniently located just off the kitchen, with easy access to the 2-car garage. The main living area features a fireplace for those cozy nights, a view to the kitchen, and direct access to the back deck. The primary suite features tile flooring, a large walk-in closet, along with direct access to the back deck. The en-suite bath is a retreat with a garden tub, separate shower, and double vanity. Built in 2006, this home offers endless possibilities with NO HOA, and it's close to everything you need, Perdido Key beaches, Perdido Bay, public boat launch, Innerarity Point Park, Big Lagoon State Park, shopping, grocery and local favorites for dining. Conveniences you'll love- 15 minutes from West gate of NAS Pensacola and Downtown Pensacola. Roof 2022! Don't miss this opportunity to live the coastal lifestyle you have dreamed of, schedule your showing today!

14482 Innerarity Pt Rd, Perdido Key
13621 Perdido Key Dr Unit #702E, Perdido Key
$1,190,000
3 Beds ⋅ 3 Baths ⋅ 688243 MLS ⋅ Indigo BLDG.
Welcome to Indigo 702E, a beautifully appointed 3-bedroom, 3-bath Gulf-front residence offered furnished with approximately 1,768 square feet and spectacular views of the Gulf of Mexico, sugar-white beaches and Indigo’s tropical pool complex. Ideally positioned on the 7th floor, the residence offers sweeping water views while maintaining a wonderful connection to the beach and resort amenities below. A private elevator opens directly into your own entry foyer, providing privacy and convenience from the moment you arrive. The spacious open living and dining area is framed by floor-to-ceiling glass and opens to the Gulf-front balcony—perfect for morning coffee, watching dolphins along the shoreline or relaxing to the sound of the surf. The kitchen features white cabinetry, granite countertops, stainless appliances and a breakfast bar overlooking the living area with Gulf views beyond. The spacious Gulf-front primary suite features a picture window showcasing beautiful water views and private balcony access. The primary bath offers dual vanity areas, a jetted soaking tub, separate tiled walk-in shower and abundant storage. Two additional bedrooms and baths provide comfortable accommodations for family and guests. An added bonus—both the HVAC system and water heater are only 2 years old, providing the benefit of two important newer mechanical systems. Indigo is a gated Gulf-front community offering an impressive array of resort-style amenities including an expansive zero-entry tropical pool, hot tub, direct beach access, fitness facilities, theater, social areas, sauna and steam rooms, tennis courts, grilling areas, covered parking and owner storage. Located in the heart of Perdido Key, Indigo is convenient to boating, golf, Gulf Islands National Seashore, restaurants and entertainment, with Orange Beach just a short drive away. Offered furnished, Indigo 702E provides the opportunity to begin enjoying the Perdido Key lifestyle from the moment you arrive.

13621 Perdido Key Dr Unit #702E, Perdido Key
14241 Perdido Key Dr Unit #PH1601 West, Perdido Key
$3,200,000
4 Beds ⋅ 5 Baths ⋅ 688218 MLS ⋅ La Riva BLDG.
The pinnacle of La Riva West, this rare 16th-floor penthouse commands the building’s top floor with approximately 4,868 SF of custom-finished Gulf-front living, over 2,000 SF of balcony areas, exceptional privacy & sweeping panoramic views across the Gulf, beaches & waterways of Perdido Key. Originally owned & occupied by the developer, this one-of-a-kind residence was created with exceptional attention to detail, then impeccably maintained & thoughtfully upgraded while preserving its luxury Mediterranean character. The interior features 4 bedrooms, 4.5 baths, including 2 Gulf-facing primary suites, a private elevator foyer, custom floor plan, plantation shutters, Closets by Design custom closets, Kohler fixtures, custom furnishings & generous living, dining & entertaining spaces. The chef’s kitchen features rich custom cabinetry with under-cabinet lighting, double-stacked granite countertops, gourmet island & newly replaced stainless steel appliances. The large wet bar features a new ice maker & beverage refrigerator. Floor-to-ceiling impact-resistant glass showcases unobstructed Gulf views, while the extraordinary balcony wraps the entire south & west sides of the residence, creating incredible outdoor living space for beautiful sunrises, Gulf breezes & best sunset views at the beach. La Riva is a gated, rent-restricted luxury community with only 66 residences among 3 towers, including just 25 in La Riva West. West Tower amenities are exceptionally beautiful with an updated grand lobby, indoor & outdoor pools, fitness room, club room, grilling area & expansive beachfront deck. A deeded garage space directly across from the entrance under the covered awning also conveys. This is a truly rare opportunity to own the top penthouse at La Riva West & enjoy an exceptional level of privacy, space & Gulf-front living. See for yourself what makes life at the top of La Riva West so extraordinary!

14241 Perdido Key Dr Unit #PH1601 West, Perdido Key
608 Lost Key Dr Unit #404-C, Perdido Key
$440,000
3 Beds ⋅ 2 Baths ⋅ 688115 MLS ⋅ La Salbadora BLDG.
New price, now offered fully furnished with seller incentives! Coastal living meets easy, lock-and-leave convenience in this beautifully renovated 4th-floor residence at La Salbadora in Lost Key Golf & Beach Club. Offering 2 bedrooms, 2 full baths, a flexible bonus space currently used as an additional sleeping area, and 1,624 square feet, this turnkey condo is spacious, updated, and ready to enjoy. Seller incentives: furniture included; $10,000 toward a rate buydown with a full-price offer when financing through the seller's preferred lender; and seller pays HOA dues through December 31, 2026 on any accepted offer. Wood-look luxury vinyl plank flooring flows throughout, complemented by a bright white kitchen with granite countertops, stainless steel appliances, and a breakfast bar overlooking the open living and dining area. Plantation shutters, crown molding, designer ceiling fans, and fresh paint complete the move-in-ready feel. Step onto the screened balcony and enjoy sweeping golf course and nature views with glimpses of the Gulf of America. The spacious primary suite features a dual-vanity bath and walk-in shower, while the bonus space provides flexibility for guests, a home office, or additional living space. Lost Key is a gated community offering an impressive lineup of amenities, including a private Beach Club on the Gulf of America with complimentary shuttle service, pool, sun deck, and grille. Residents also enjoy community pools and spas, an on-site golf course, tennis, fitness center, and grand lobby. The building features solid concrete construction, while the HOA covers insurance, water, cable, internet, pest control, exterior maintenance, and more. Located on Perdido Key, you're minutes from sugar-white beaches, waterfront dining, boating, and marinas, with Pensacola and Orange Beach within easy reach. A great fit for a full-time residence, second home, or coastal investment.

608 Lost Key Dr Unit #404-C, Perdido Key
13785 Perdido Key Dr Unit #62, Perdido Key
$412,000
1 Beds ⋅ 1 Baths ⋅ 687939 MLS ⋅ Perdido Skye BLDG.
OPEN HOUSE 11/11 10-1! Looking for that perfect little GETAWAY for a little VITAMIN SEA great for your soul and well being? Here is a COASTAL DREAM COME TRUE in a LOW DENSITY building in Perdido Key! You will appreciate this well maintained GULF FRONT condo with stunning GULF VIEWS! This spectacular condo is offered FULLY FURNISHED so ready for your enjoyment! Imagine RELAXING and watching the waves, dolphins, seagulls, boats, and of course gorgeous SUNRISES & SUNSETS. You will appreciate your balcony overlooking outdoor pool and pristine beach but from that perfect 6 floor that offers serenity. You will be astonished with the glistening emerald gulf along with the sugar WHITE BEACHES. Unit remodeled with new flooring, MARBLE counters and new cabinets 2021, washer/dryer 2026 & 2 Smart TVs 2025. This adorable condo comfortably sleeps up to 6 with king bed, sleeper sofa and hallway bunks. Also for your added convenience this condo has a BRAND NEW 2026 stackable WASHER AND DRYER. Imagine getting in some well needed downtime soaking up the rays and swimming either in the pool or in the sparkling gulf, collecting seashells, working out in gym (with new fitness equipment) or watching a sunset and going crabbing, fishing or grilling on the BBQ. You can take also walk across the street to one of the restaurants or for an ice cream or a snow cone or go shopping. This condo has NEW SLIDING DOORS,NEW WINDOWS and exterior door and Perdido Skye has recently painted exterior, updated pool and pool deck, fitness and has their CERTIFICATE OF MILESTONE (SIRS)! WOW what a great time to purchase not to mention HOA is now fully funded! OWNERS ARE ALLOWED to bring pets and complex offers GREAT RENTAL potential! $$$>>>Hurry as you can walk in with a 3 MONTH SNOWBIRD! $$$ LIFE IS GOOD AT THE BEACH! Make this wonderful condo YOUR NEW PIECE OF PARADISE & START MAKING MEMORIES!

13785 Perdido Key Dr Unit #62, Perdido Key
13661 Perdido Key Dr Unit #1002, Perdido Key
$689,000
2 Beds ⋅ 2 Baths ⋅ 687928 MLS ⋅ Palacio At Perdido BLDG.
Simply gorgeous 2BR Palacio unit on 10th FLOOR - can't say enough about this coastal beauty! Luxury Vinyl plank flooring runs through the living spaces and bedrooms, offering a warm wood like glow to the condo. This is Palacio's larger 2BR floor plan with a generous 1438 sf. The Gulf front Primary Suite is spectacular with floor to ceiling glass overlooking the beach. The Primary Bath features double vanities, jetted tub, separate shower, and private toilet closet. Other unit features include a wet bar with stainless sink, stainless kitchen appliances, and a laundry area just off the kitchen with full side by side washer and dryer. The Gulf balcony sports a durable TREX patio table plus six chairs that will stand up to the salt air and Gulf beach conditions. Palacio offers fantastic amenities such as a Gulf front Outdoor Pool, Heated Lap Pool, Hot Tub, Tennis Courts, Cookout Grills, a Pet Walk area, and a NEWLY RENOVATED FITNESS ROOM. In addition, there is COVERED GARAGE PARKING for owner use only. Make this beautiful unit your second home or rent for additional income to defray the costs of ownership!

13661 Perdido Key Dr Unit #1002, Perdido Key
5315 Cambria Dr, Perdido Key
$259,000
3 Beds ⋅ 2 Baths ⋅ 687682 MLS
Charming Coastal Cottage in Perdido Key –Ready to Go! Welcome to your dream beach retreat in the heart of Perdido Key! This adorable 3 bed / 2 bath cottage is being sold as-is, where-is and is priced as an investor special. Located less than 1 mile from bay access and the sugar-white sands of the Gulf of Mexico, this home offers easy water access with a quieter, laid-back setting. Inside, you'll find a spacious living room ideal for entertaining, plus an open-concept kitchen and dining area that flows effortlessly through the home. The thoughtful layout makes the most of every square foot. Enjoy the covered front porch for morning coffee or unwind on the side patio after a day at the beach. Coastal living at its best. ? Sold as-is, where-is — ? Prime location near bay and Gulf access A must-see opportunity for investors or anyone looking for their own slice of the coast.

5315 Cambria Dr, Perdido Key
16470 Perdido Key Dr Unit #C 12, Perdido Key
$355,000
2 Beds ⋅ 2 Baths ⋅ 687515 MLS ⋅ Sundown Condo BLDG.
Welcome to Sundown Condominiums, a charming low-density waterfront community located at 16470 PerdidoKey Drive. Perfectly positioned on the shores of Old Riverwith dedicated beach access as well as a new public access directly across the street, thisproperty offers the best of both worlds. Peacefulwaterfront living and easy access to the sugar-white sandsand emerald waters of the Gulf of Mexico.Residents enjoy a private fishing pier on Old River, anew swimming pool, and a relaxing atmosphere thatcaptures the essence of Perdido Key coastal living.Whether you enjoy boating, fishing, kayaking,paddleboarding, or simply taking in the beautiful waterviews, Sundown provides an exceptional setting forenjoying life on the water.Conveniently located near local restaurants, shopping,marinas, state parks, and entertainment, SundownCondominiums is an excellent choice for a primaryresidence, vacation getaway, or investment property.Community Features:• Waterfront community on Old River• Dedicated beach access directly across Perdido Key Drive• Low-density condominium complex• New swimming pool• Private fishing pier• Beautiful water views• Convenient access to dining, shopping, boating, golf, andoutdoor recreationEnjoy stunning sunsets over Old River, morning walks onthe Gulf beach just steps away, and the relaxed lifestyle thatmakes Perdido Key one of the Gulf Coast's most sought-after destinations. Buyer to verify all information during due diligence.

16470 Perdido Key Dr Unit #C 12, Perdido Key
13817 Perdido Key Dr Unit #E601, Perdido Key
$649,900
3 Beds ⋅ 2 Baths ⋅ 687452 MLS ⋅ Ocean Breeze Condominium BLDG.
Welcome to Paradise at Ocean Breeze East! This beautifully furnished 3-bedroom, 2-bath Gulf-front condo offers breathtaking views of the Gulf from the living room, kitchen, and private balcony. Enjoy the sparkling emerald waters and sugar-white sand right outside your door, plus a Gulf- front swimming pool for relaxing and soaking up the sun. Inside, you’ll find a spacious open living and dining area, a well-equipped kitchen with stainless steel appliances and a convenient breakfast bar, and a large laundry room with a full-size washer and dryer. The spacious primary suite features two closets, a private bath, shower has lifetime warranty w/Bathfitter. Off main bedroom is a private balcony overlooking the backside of the property. ALL LVT AND TILE THROUGHOUT, NO CARPET. Two additional guest bedrooms provide comfortable accommodations for family and guests. Outside the Gulf side balcony you have a storage room offering ample space for beach chairs & toys. Ocean Breeze East offers an elevator and convenient private beach access, making it easy to step from your condo directly onto the beautiful beaches of Perdido Key. Whether you’re looking for a fantastic rental investment, a second home, or your own primary residence, this condo offers the perfect opportunity to enjoy the laid-back coastal lifestyle of Perdido Key. Located in the heart of Perdido Key, you’re within walking distance of shops, restaurants, and popular local bars. Sold fully furnished and turn-key—just bring your suitcase and start enjoying Paradise!

13817 Perdido Key Dr Unit #E601, Perdido Key
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