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

13351 Johnson Beach Rd Unit #203E, Perdido Key

$375,000

2 Beds ⋅ 2 Baths ⋅ 684826 MLS ⋅ Grand Caribbean At Perdido Key BLDG.

EXTRAORDINARY OPPORTUNITY TO OWN A TURN KEY INVESTMENT AT GRAND CARIBBEAN! EXPERIENCE THE ULTIMATE COASTAL LIFESTYLE IN A COMPLETELY UPDATED RETREAT FEATURING SOUNDPROOFED CEILING FOR MAXIMUM PRIVACY! This inviting two-bedroom, two-bathroom residence spans 1,016 square feet of efficiently designed living space where coastal comfort flows effortlessly throughout. The bright kitchen showcases updated countertops, custom cabinetry, and modern stainless-steel appliances. Through either set of French doors - step out on your private balcony, overlooking the beautifully landscaped grounds and a sparkling community pool. Cleverly integrated bunk beds maximize space for guests, while the accommodations and primary suite serve as refreshing sanctuaries complete with new vanities and beautifully tiled surround tubs. Nestled along the pristine grounds of the Grand Caribbean complex, this exceptional property offers resort-style amenities including a seasonally heated outdoor pool, a relaxing hot tub, a tranquil freshwater pond, and dedicated grilling areas. Situated just a short distance to shopping, local dining, NAS Pensacola, Perdido Key multi-use path, and only 0.2 miles from federally protected Gulf Islands National Seashore - this meticulously maintained property stands out as a wonderful beach home and an unparalleled investment opportunity. Your coastal paradise awaits!

13351 Johnson Beach Rd Unit #203E, Perdido Key

14623 Perdido Key Dr Unit #106, Perdido Key

$570,000

3 Beds ⋅ 2 Baths ⋅ 684599 MLS ⋅ Ocean Breeze Condominium BLDG.

Absolutely no hurricane Isaias damage. Ground floor with an amazing GULF view, it will absolutely take your breath away. Incredibly well-managed HOA with large amount in reserves. Quiet corner unit on the opposite side of the pool yet there is easy direct walk there. This condo has years of repeat guests proving it's comfort and desire for beach vacationers. Last ground level unit to sell was in 2021, there's reason why they don't sell often! Sleeps 6, and has years of rental history and a comparatively low HOA for the Key. Furnishings are reminiscent to the simplicity and elegance of old Southern charm; however, the Sellers have reduced the price to allow a Buyer to completely refurnish the condo. The best floors to have in a condo are tile and this unit is wall to wall tile. Milestone Inspection was a success- absolutely no discrepancies with this building! The parking lot is conveniently small and uncrowded, making it a short haul for luggage and groceries. Elevators are being updated in September 2026, although this unit is ground level and has direct access to parking lot, beach and pool. The location of the condo is less than 10 miles to NAS, 4 miles to The Florabama and walking distance to The Shrimp Basket and Lillian's Pizza but when you are on the beach here, you feel like you are on a remote island. Beach is accessible by a Mobi Mat. You really need to see this condo; it may just be the best kept secret in Perdido. Sellers are motivated.

14623 Perdido Key Dr Unit #106, Perdido Key

16038 Innerarity Pt Rd Unit #101, Perdido Key

$360,000

2 Beds ⋅ 3 Baths ⋅ 684412 MLS ⋅ Innerarity Townhomes BLDG.

Welcome to coastal living at its finest in the heart of Perdido Key. Nestled within the gated Innerarity Townhomes community, this beautifully appointed waterfront residence offers the perfect blend of relaxation, investment potential, and boating lifestyle. This fully furnished 2-bedroom, 2.5-bath townhome is truly move-in ready, allowing you to start enjoying the Gulf Coast from day one. The thoughtfully designed interior features an open-concept living space, a well-appointed kitchen with granite countertops and stainless steel appliances, and tasteful furnishings that complement the coastal setting. Spacious bedrooms each offer their own private bath, creating comfort and privacy for owners and guests alike. One of the most sought-after features of this property is the included deeded boat slip, complete with access to power and water at the marina—an exceptional opportunity for boating enthusiasts eager to explore the Intracoastal Waterway, nearby islands, and the emerald waters of the Gulf. Wake up to peaceful water views and spend your days enjoying the community amenities, including a waterfront pool, fitness area, kayak and jet ski access, and gated entry. Whether you’re searching for a primary residence, second home, or income-producing property, this townhome checks every box. Short-term rentals are permitted, making it an attractive investment opportunity in one of Northwest Florida’s most desirable coastal destinations. Located just minutes from Perdido Key’s white-sand beaches, local dining, shopping, and entertainment, while also offering convenient access to downtown Pensacola and Orange Beach, this property delivers the best of Gulf Coast living. Don’t miss this rare opportunity to own a fully furnished waterfront retreat with a deeded boat slip in beautiful Perdido Key. Paradise is waiting.

16038 Innerarity Pt Rd Unit #101, Perdido Key

$697,999

4 Beds ⋅ 4 Baths ⋅ 683884 MLS

Welcome to Serenity! This Alabaster floorplan is an upscale 4 bed and 3.5 bath property located in the heart of Perdido Key. Offering a large family room / covered patio / open kitchen / stainless-steel appliances, a pantry and an island bar. You will also find bedroom 1 with its adjoining bath, a laundry room, and a 1/2 bath on the first floor. On the second floor are the additional bedrooms and a spacious game/bonus room with a closet for extra storage. Bedroom 2 has its own private bath, and the other full bath is shared by bedroom 3 and 4 and both offer walk-in closets. Fabric hurricane window and door protection along with a Smart Home package. Nearby, you'll find Villagio . Rental income average of $75k per Per year - Rental history at request . It is rare to find a property that exceeds the 10% annual return , With restaurants like Jellyfish, Café Beignets, Paul's Pizza, Perdido Key Breakfast Club, and even numerous boutiques. Gorgeous home in a highly sought-after location in Perdido Key. Close to the Gulf Of America and all local attractions. Perfect for your year round guests. Call for your own private viewing.

7932 Sweet Retreat Ln, Perdido Key

$385,000

2 Beds ⋅ 3 Baths ⋅ 683863 MLS

Seller says to BRING OFFER- The property you see presents a unique opportunity to own a slice of paradise without the limitations of a homeowners association. With NO HOA and It’s prime location, the desirable features make it an excellent investment for both personal use and short-term rentals. Being seamlessly integrated into the community through sidewalks, you’ll be just minutes from the most beloved businesses and beaches in Florida. Transform your vision into reality with a spacious lot that perfectly suits your lifestyle and needs. Whether you envision an RV pad and hookup or an outdoor oasis brimming with entertainment options, the possibilities are endless. The predicted growth in Perdido Key is unparalleled, making this property an ideal addition to your short-term investment portfolio. With $70,000 in the last 3 years and NO HOA dues, you can ensure that your cash flow remains prosperous. Schedule a viewing today and explore the offerings of this opportunity, considering its charm and location.

13556 Perdido Key Dr, Perdido Key

16281 Perdido Key Dr Unit #E203, Perdido Key

$1,350,000

3 Beds ⋅ 3 Baths ⋅ 683834 MLS ⋅ Eden Condo BLDG.

INCREDIBLE OPPORTUNITY TO BE PART OF THE EDEN COMMUNITY! This stunning, furnished home is move-in ready and boasts a spacious balcony that showcases breathtaking views of the Gulf and the beautifully landscaped grounds. This is one of the rare spacious 3 bedroom/ 3 bathroom units. You’ll be welcomed by an open floor plan, enhancing the inviting atmosphere complemented by luxury tile flooring throughout. The modern kitchen is any chef's dream, outfitted with updated cabinetry, stainless steel appliances, solid surface countertops, and a convenient eat-in bar. The luxurious primary suite offers private access to the balcony, perfect for taking in your slice of the Gulf. Its en-suite bathroom is truly a private get away, which boasts an updated double vanity with granite countertops and a gorgeously tiled oversized shower. The spacious second bedroom makes entertaining guests a breeze. Enjoy the peace and quiet of our private beach, or the waterfall adorned, lagoon-style pool, You'll also find a heated solarium pool and hot tub nearby. the Eden boasts of our 19-slip marina, trailer storage, and a boat launch ramp which is one of the few launches on OLDE RIVER. Enjoy the convenience of gated covered parking with 24 hour security. Maintain you fitness regime in the state-of-the-art fitness center. Or serve it up at the lighted tennis/pickleball court. Spoil yo relax in the steam room and sauna, complete with a full-service spa (by appointment only).The community is equipped with two corporate conference rooms and an owners' lounge for gatherings that you just HAVE to see! Onsite rental management is also available! Experience living in a true Garden of Eden. Buyer to verify all information during due diligence.

16281 Perdido Key Dr Unit #E203, Perdido Key

$600,000

3 Beds ⋅ 3 Baths ⋅ 683740 MLS

Now paying ALL OF THE BUYERS CLOSING COST! Your tropical paradise awaits! Driving over the bridge to Perdido Key, the first thing you will see are the brightly-colored townhomes of Banana Bay! You'll feel as if you've been swept away to one of the Dutch Caribbean islands, like Aruba or Curacao, when you drive into the gated community. Whether you're looking for a primary residence, second home, or investment property, this townhome offers the perfect blend of coastal living and resort-style amenities and it comes FULLY FURNISHED! One of the standout features of Banana Bay is its PRIVATE beach on the Intracoastal Waterway. Residents enjoy direct access to a sandy waterfront area that's perfect for relaxing, paddle boarding, kayaking, fishing, or watching some of the most beautiful sunsets on the Gulf Coast. For peace of mind this town home was built with ICF construction. Inside, you'll find a spacious floor plan with almost 1900 SQft. The open living and dining areas make entertaining easy, while the generous bedrooms provide comfort for family and guests alike. Plus a HUGE BONUS room upstairs that makes for an amazing game room/ extra bedroom! Banana Bay offers an impressive list of amenities including a community pool, sauna, fitness center, clubhouse, marina, and private beach access.You also have the Lost Key Golf course directly across the street from you! The community is also conveniently located just minutes from Johnson Beach, Big Lagoon State Park, NAS Pensacola, waterfront restaurants, and the sugar-white sands that make Perdido Key one of Florida's best-kept secrets. Whether you're spending your days boating, fishing, enjoying the beach, Golfing or simply relaxing by the water, this home puts you in the center of everything that makes coastal living so special. Don't miss this one! To set up your private tour or to get the link to the walk through video of this property click the "Contact Joshua" button on the right of this page.

6079 Valhalla Ave, Perdido Key

13555 Sandy Key Dr Unit #902, Perdido Key

$1,365,000

3 Beds ⋅ 4 Baths ⋅ 683612 MLS ⋅ Laplaya BLDG.

PERCHED ON THE 9TH FLOOR OF THE GATED LA PLAYA COMMUNITY, THIS SPECTACULAR GULF-FRONT RESIDENCE RISES ABOVE THE NEIGHBORING BUILDING TO REVEAL SWEEPING EASTERN VIEWS ALL THE WAY TO PENSACOLA BEACH. From the expansive 460-square-foot private balcony, take in Gulf Islands National Seashore, the Intracoastal Waterway, and miles of coastline, with breathtaking sunrises and moonrises year-round and stunning sunsets to the west. Walls of floor-to-ceiling glass fill the living and dining areas with natural light while showcasing the emerald Gulf waters and sugar-white beaches beyond. One of Perdido Key's most desirable floor plans, the residence features soaring 10-foot ceilings, three spacious bedrooms with private en-suite baths, a guest half bath, and a dedicated laundry room. The open kitchen offers granite countertops, custom cabinetry, stainless appliances, wine chiller, ice maker, and a generous eat-in bar. The Gulf-front primary suite enjoys direct balcony access, an oversized walk-in closet, and a Gulf-view bath with double vanity, makeup station, jetted tub, and separate shower. A highly desirable assigned covered parking space adds convenience to this exceptional Gulf-front residence. La Playa offers gated security, a seasonally heated beachfront pool, Gulf-front fitness center, and private beach boardwalk. Located just off the main beach road and only 0.6 miles from Gulf Islands National Seashore, this exceptional residence is all about the view—an extraordinary vantage point from sunrise to sunset.

13555 Sandy Key Dr Unit #902, Perdido Key

14701 Perdido Key Dr Unit #802, Perdido Key

$2,375,000

4 Beds ⋅ 4 Baths ⋅ 683610 MLS ⋅ Portico At Perdido BLDG.

RARE OPPORTUNITY TO OWN IN PERDIDO KEY'S NEWEST LUXURY BOUTIQUE BEACHFRONT CONDOMINIUM – PORTICO AT PERDIDO! Built in 2023 to the latest Florida coastal construction standards, this exclusive non-rental community offers a level of privacy, quality, and peace of mind rarely found along the Gulf Coast. Located on the 8th floor, this stunning 4-bedroom, 4-bath residence is ready for your personal decorating vision. Designed to maximize its beachfront setting, the open floor plan showcases breathtaking Gulf views through more than 36 feet of floor-to-ceiling glass. Retractable sliding doors seamlessly connect the spacious living and dining areas to an extraordinary Gulf-front wraparound terrace, creating the ultimate indoor-outdoor lifestyle. One of the residence's most impressive features is the expansive curved balcony, offering ample space to create multiple seating, dining, and entertaining areas while enjoying panoramic Gulf views and spectacular sunsets. The chef's kitchen is thoughtfully positioned adjacent to the terrace and outdoor gas grill, making alfresco dining and entertaining effortless. Anchored by an impressive 10-foot island, the space offers abundant prep and gathering space while overlooking the living area and Gulf beyond. The Gulf-front primary suite is a private retreat with direct balcony access, stunning water views, a spa-inspired bath, and a spacious walk-in closet. Three additional guest bedrooms provide well-appointed accommodations for family and friends. Customized closet systems throughout the residence and a well-appointed laundry room further enhance the thoughtful design and functionality of the space. Portico residents enjoy a beachfront pool and spa, fitness center, social room, secure entry, and secure under-building parking. Combining modern construction, luxury amenities, and an exclusive non-rental environment, this is beachfront living at its finest in the heart of Perdido Key.

14701 Perdido Key Dr Unit #802, Perdido Key

$389,900

2 Beds ⋅ 2 Baths ⋅ 683495 MLS ⋅ Holiday Harbor Condo BLDG.

Boat slip, sunset views, and Perdido Key living all under $400K! Rare top-floor unit with breathtaking sunset views of the Intracoastal Waters. The large balcony is the perfect place to watch for dolphins, manatees, Blue Angels flyovers, and the best sunsets on Perdido Key.This 2-bedroom, 2-bathroom condo at Holiday Harbor features vaulted ceilings, an open floor plan, and an abundance of natural light. Recent upgrades include brand-new luxury vinyl tile flooring throughout, fresh paint, new kitchen cabinet doors, new remote control ceiling fans, and updated light fixtures. The kitchen has been refreshed with new granite countertops and both bathrooms feature new vanities. The main bedroom overlooks the water and includes dual closets and an ensuite bath. The second bedroom offers generous space and flexibility for however you choose to use it.The big-ticket mechanicals are done: a new Carrier HVAC system and new water heater with transferable warranties. All appliances convey including washer and dryer! Deeded Dock-O-Minium Slip #3 conveys witha 10,000 lb. HMP Marine boat lift — built for a tritoon and ready to use. The HOA has completed major property-wide improvements including new dock pilings, full exterior paint, pool upgrades, and security cameras, parking lot resurfacing, with no special assessment pending. HOA includes sewer, water, trash, and bike storage as well as picnic/grilling area and community pool. Phase 1 Milestone Inspection passed April 2025.Walk to Sunset Grille and the Oyster Bar. Easy bike ride to the beach. 5.5 miles to Flora-Bama. Whether you're looking for a vacation home, investment property, or full-time residence, this one is hard to beat. No short term rentals allowed, 30 days or more. Schedule your tour today. Buyer to verify all information during due diligence.

14100 River Rd Unit #334, Perdido Key

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