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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

13817 Perdido Key Dr Unit #201, Perdido Key
$625,000
3 Beds ⋅ 2 Baths ⋅ 686845 MLS ⋅ Ocean Breeze Condominium BLDG.
Ocean Breeze East 201offers the perfect combination of location, views, and investment potential. Situated in a low-density, Gulf-front building in the heart of Perdido Key, this beautifully maintained condo features breathtaking views of the white sugar-sand beaches and emerald waters of the Gulf. Inside, you'll find spacious bedrooms, including an oversized primary suite complete with its own private balcony. Enjoy the convenience of being within walking distance to local restaurants, shopping, and entertainment, making it an ideal destination for both owners and vacationing guests. Whether you're looking for a second home or an income-producing investment, this property checks all the boxes. Already proving to be a rental dream, the condo has just under $40,000 on the books for 2026 with only four and a half months available for guests, as the owners enjoyed the property the remainder of the year. With full rental availability, the property is projected to generate approximately $60,000 annually, offering outstanding income potential. If you've been searching for a Gulf-front condo with stunning views, spacious living and an unbeatable location Ocean Breeze East 201 is a must-see.

13817 Perdido Key Dr Unit #201, Perdido Key
14107 Sable Palm Way Unit #213, Perdido Key
$514,990
3 Beds ⋅ 3 Baths ⋅ 686783 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!

14107 Sable Palm Way Unit #213, Perdido Key
14359 Cordgrass Ln, Perdido Key
$669,900
4 Beds ⋅ 4 Baths ⋅ 686633 MLS
Welcome to your coastal retreat in the highly sought-after Lost Key Golf & Beach Club, where luxury, comfort, and resort-style amenities come together just minutes from the sugar-white sands of Perdido Key. Built in 2021 and offered fully furnished, this upgraded 4-bedroom, 4-bath home is completely turnkey and rental ready, making it an exceptional primary residence, second home, or vacation rental. Designed for gathering, the spacious open floor plan features a chef's kitchen with quartz countertops, stainless steel appliances, abundant cabinetry, and a large island overlooking the dining and living areas. Expansive sliding glass doors open to a screened porch, creating the perfect place to enjoy morning coffee or unwind after a day at the beach. The flexible layout comfortably accommodates family and guests with two spacious primary suites, generous guest bedrooms, and a large bunk room perfect for kids or multiple families vacationing together. Upgrades include luxury vinyl plank and tile flooring throughout with solid wood stair treads, no carpet, custom lighting, designer ceiling fans, Trex decking, and a custom-built 80-square-foot owner's storage closet in the garage for securely storing beach gear and personal belongings. Life at Lost Key means enjoying one of Perdido Key's gated communities with 24-hour security, an Arnold Palmer Championship Golf Course with optional golf membership, tennis courts, walking and biking trails, a resort-style community pool, and complimentary shuttle service to the exclusive private Beach Club. Spend your days enjoying the Gulf-front clubhouse with a beachfront pool, fitness center, restaurant, private beach access, and breathtaking emerald waters. Whether you're searching for a family beach home, luxury second home, or income-producing property, this beautifully maintained home offers modern construction, premium upgrades, outstanding amenities, and an unbeatable Perdido Key location. All you need is your suitcase!

14359 Cordgrass Ln, Perdido Key
608 Lost Key Dr Unit #302-C, Perdido Key
$395,900
2 Beds ⋅ 2 Baths ⋅ 686592 MLS ⋅ La Salbadora BLDG.
Lost Key has it all! Experience the best of coastal living in this beautifully appointed FULLY FURNISHED two bedroom plus flex room condo located in the prestigious, gated Lost Key Golf & Beach Club community. The flex room- ideal for office, den, or guest bedroom. The kitchen has new stainless appliances, granite counter tops, new water heater, Remi Halo Air purifier, New HVAC, & dehumidifier. New full sized washer & dryer COVETED/ COVERED PARKING - DEEDED & ASSIGNED. Climate controlled storage unit, deeded & assigned. 9 FT ceilings through out. Enjoy exclusive access to the private Lost Key Beach Club, featuring beachfront dining at the restaurant and bar, beach chairs and umbrellas, and convenient complementary shuttle service running seven days a week directly from your door to the beach. Golf enthusiasts will appreciate the Arnold Palmer-designed 18-hole championship golf course, complete with a full-service pro shop, restaurant, and bar. The community also offers an impressive array of resort-style amenities, including: *Tennis & pickleball courts *Fitness center *Resort-style Geo Thermal swimming pool *Year-round heated spa *Outdoor grilling area with new gas grills * Walking and biking paths * Beautifully maintained, lush tropical landscaping, several acres of protected reserves * Sidewalks through out the property * 24/7 guard at the main gate Whether you’re searching for a full-time residence, a vacation getaway, or an investment property, this exceptional condo offers the perfect combination of luxury, recreation, and relaxed coastal living. SELLING FULLY FURNISHED, TURN KEY & PRICED TO SELL!

608 Lost Key Dr Unit #302-C, Perdido Key
13621 Perdido Key Dr Unit #1102E, Perdido Key
$1,159,000
3 Beds ⋅ 3 Baths ⋅ 685904 MLS ⋅ Indigo BLDG.
Non-rental unit on one of Indigo's most popular floors complete with your own foyer entrance off the elevator. Large Gulf Front Balcony and also has a North Balcony overlooking Lost Key Golf Course. Unit has Travertine flooring in the Living Room, Dining, Kitchen, Bathrooms and hallway. Great floor plan and furnishings. Dining room table seats 8 people! Unit comes fully furnished and ready for your next vacation. Huge Master suite and bathroom with walk in closet split vanities with large jetted tub and tiled shower! This condo even has a Laundry room! Also, has a climate controlled storage unit on ground floor. VERY STRONG Homeowner's Association. Indigo is a private, gated Gulf Front community situated on approximately 7 acres. Without a doubt it is one of the finest projects in Perdido Key. Interior personal elevators, social room, movie theater, state of the art fitness rooms, approximately 6,000 sf pool, plus many other amenities! Indigo truly is a Destination Resort! Professional Photos coming soon *** Buyer and Buyer's Agent responsible to verify square footage ***

13621 Perdido Key Dr Unit #1102E, Perdido Key
14103 Sable Palm Way Unit #214, Perdido Key
$514,990
3 Beds ⋅ 3 Baths ⋅ 685696 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!

14103 Sable Palm Way Unit #214, Perdido Key
14100 River Rd Unit #236-C, Perdido Key
$310,000
3 Beds ⋅ 3 Baths ⋅ 685629 MLS ⋅ Holiday Harbor Condo BLDG.
Waterfront condo in Perdido Key! Fabulous views overlooking the Intracoastal waterway, and just minutes away from the white sand beaches of Johnson Beach National Seashore. This rare Holiday Harbor 3BD/3BA condo is being sold As-Is. Enjoy the view of passing boats in the Intracoastal and the quaint marina from the two ample balconies. This spacious unit has 1443 square feet and an ideal floor plan to accommodate family or roommates, complete with washer and dryer, and reserved parking. This unit has been a solid income producer with only three tenants occupying the unit for the last ten years! Just minutes away from the Naval Air Station's back gate, the demand for long term rentals remains strong at Holiday Harbor. And just steps away from the iconic Sunset Grille, the restaurants, shops and nightlife of Perdido Key and Orange Beach, as well as unlimited boating options with affordable boat slips and storage in the Holiday Harbor Marina just outside your door. Check the comps, this unit is priced to sell, and ready for you to make it your own. Don't miss this opportunity!

14100 River Rd Unit #236-C, Perdido Key
217 Clipper Dr, Perdido Key
$1,200,000
5 Beds ⋅ 6 Baths ⋅ 685405 MLS
Flynn Built Piling Construction Model Home. Welcome to this exceptional coastal retreat within the exclusive gated community of Yacht Harbour in Perdido Key. This is where modern luxury meets the effortless waterfront lifestyle of Florida's Gulf Coast. Yacht Harbour offers a lifestyle that is difficult to replicate. Situated along the tranquil waters of Old River and just moments from the sugar-white beaches of the Gulf of Mexico, residents enjoy a gated waterfront community with amenities including a community pool, pickleball courts, kayak and paddleboard launch, and convenient boating access. Walk, bike, or cruise by golf cart to the world-famous Flora-Bama, waterfront restaurants, marinas, and endless coastal entertainment. Completed as a Model Home in 2024, this beautifully designed five-bedroom, five-bath residence offers approximately 2,500 square feet of thoughtfully crafted living space with a private elevator providing seamless access to every level. From impact-rated windows and a durable metal roof to expansive covered balconies, every detail was designed with both elegance and coastal durability in mind. The open-concept living area is flooded with natural light and flows effortlessly into a spacious kitchen and dining area, creating the perfect setting for entertaining family and guests after a day on the water or at the beach. Each bedroom offers the privacy and comfort of its own full bath en-suite, making this an ideal primary residence, second home, or a luxury short-term vacation rental property. Whether you're watching the sunset from your private balcony, spending the afternoon exploring Old River by boat, or enjoying the vibrant energy of Perdido Key, 217 Clipper Drive delivers the perfect balance of luxury, recreation, and investment potential. This is more than a home, it's an opportunity to harness Perdido Key's coastal beach lifestyle. Contact us today to schedule a private showing.

217 Clipper Dr, Perdido Key
17046 Starboard Pl, Perdido Key
$1,850,000
5 Beds ⋅ 6 Baths ⋅ 685398 MLS
Waterfront • Deep Water Private Boat Slip Included • Flynn Built Piling Construction • Fully Furnished • Turn Key Short-Term Rental Opportunity! Welcome to where luxury waterfront living meets the relaxed elegance of Perdido Key. Nestled within one of the area's newest gated waterfront communities, this exceptional coastal residence offers a lifestyle few properties can match. Whether arriving by boat or by car, each day begins surrounded by the tranquil waters of Old River and ends just moments from the sugar-white beaches of the Gulf. Designed for those who appreciate both sophistication and adventure, the home features expansive living spaces, multiple levels of outdoor entertaining, a private elevator, and an oversized four-car garage with abundant space for vehicles, golf carts, watercraft, and all your beach toys. Every bedroom has been thoughtfully designed to provide privacy and comfort, creating the perfect retreat for family and guests. A deeded deep-water boat slip places endless days on the water just steps from your front door. Spend mornings fishing, paddleboarding, or cruising the Intracoastal Waterway before returning home to enjoy spectacular sunsets across Old River. When you're ready for entertainment, the world-famous Flora-Bama, waterfront dining, marinas, and the emerald waters of the Gulf are all within walking, biking, or boating distance. Beyond the residence, Yacht Harbour embraces the coastal lifestyle with resort-inspired amenities including a community pool, pickleball court, a private waterfront dock, convenient for direct water access. Every detail has been designed to deliver the feeling of a private waterfront resort. Whether you're searching for an extraordinary primary residence, a luxury vacation retreat, or a proven investment property with an established short-term rental status, 17046 Starboard Place presents a rare opportunity to own in one of Perdido Key's most desirable STR waterfront communities. Contact us today!

17046 Starboard Pl, Perdido Key
16293 Perdido Key Dr Unit #C, Perdido Key
$2,975,000
3 Beds ⋅ 5 Baths ⋅ 685320 MLS
ULTIMATE PRIVACY, EXCLUSIVITY, AND EXTRAORDINARY INVESTMENT POTENTIAL ON PERDIDO KEY! One of only four beachfront residences in the gated Villas Belvedere community, this exceptional turnkey beachfront duplex shares 200 feet of pristine white-sand beach with just three neighboring residences. This remarkable property offers the potential to generate approximately $250,000 in annual rental revenue with the future addition of a private pool and completion of the pre-plumbed ground-level living space as a fourth or fifth bedroom with a full bath.Surrounded by lush tropical landscaping and expansive lawns, Villas Belvedere offers a private, resort-like setting rarely found on Perdido Key—creating an unforgettable experience Completely reconstructed in 2022 with impact windows and doors, this 2,928-square-foot residence showcases exceptional craftsmanship throughout. A private elevator serving every level provides effortless access from the private two-car garage to the home's living areas. The open-concept design features soaring ceilings, a gas fireplace, and a chef-inspired kitchen with premium quartz countertops, gas cooktop, wine cooler, and abundant workspace for entertaining.The Gulf-front primary suite offers dual oversized walk-in closets and a spa-inspired bath with a freestanding soaking tub and separate walk-in shower. A second Gulf-front bedroom also enjoys spectacular beach views, while the third guest bedroom is privately situated on the north side of the residence overlooking Ole River.Designed for comfort and peace of mind, the residence features impact-resistant windows, dual HVAC systems, coded gated entry, irrigation, a ground-level half bath, and an outdoor shower. Ideally located on Perdido Key, Villas Belvedere is just minutes from waterfront dining, shopping, and Gulf Islands National Seashore. Whether you're seeking a premier investment, exceptional second home, or full-time beachfront residence, opportunities like this rarely become available.

16293 Perdido Key Dr Unit #C, Perdido Key
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