Perfect First Flip or Portfolio Addition in Navy Point – Waterfront Potential! Opportunity knocks in one of Pensacola’s most coveted waterfront communities—Navy Point. This 2-bedroom, 2-bathroom home with over 1,500 square feet of living space is perfectly positioned on a .15-acre lot with panoramic water views that will inspire your next project. Whether you're a first-time flipper looking to break into the market or a seasoned investor adding to a growing portfolio, this property is your chance to create something special. With spacious interiors, a solid structure, and a layout that includes a bonus space (ideal for a third bedroom conversion), the upside here is undeniable. Located just steps from parks, water access, and a short drive to Downtown Pensacola, this neighborhood remains in high demand for both long-term and short-term rentals—making this the perfect blend of location, potential, and return. Waterfront properties in Navy Point rarely last—seize the opportunity to transform this blank canvas into a profitable investment or standout personal retreat.
For sale
$350,000
4 NW Baublits Dr, Perdido Key, FL 32507
2beds
1,546sqft
Est.:
Single Family Residence
Built in 1945
6,534 Square Feet Lot
$-- Zestimate®
$226/sqft
$-- HOA
What's special
Spacious interiorsPanoramic water viewsWaterfront potentialSolid structure
- 13 days
- on Zillow |
- 1,759 |
- 87 |
Zillow last checked: 7 hours ago
Listing updated: May 05, 2025 at 10:29am
Listed by:
Erik Hansen 850-741-1410,
KELLER WILLIAMS REALTY GULF COAST,
Jeanette Eriksen 850-543-2069
Source: PAR,MLS#: 663170

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bonus Room
Primary bedroom
- Level: First
- Area: 150.81
- Dimensions: 10.17 x 14.83
Bedroom
- Level: First
- Area: 101.6
- Dimensions: 11.08 x 9.17
Primary bathroom
- Level: First
- Area: 37.78
- Dimensions: 7.08 x 5.33
Dining room
- Level: First
- Area: 102.04
- Dimensions: 13.17 x 7.75
Kitchen
- Level: First
- Area: 106.43
- Dimensions: 13.17 x 8.08
Living room
- Level: First
- Area: 271.11
- Dimensions: 13.33 x 20.33
Heating
- Natural Gas
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Electric Water Heater, Dishwasher, Refrigerator
- Laundry: Inside, W/D Hookups, Laundry Room
Features
- Ceiling Fan(s), High Speed Internet
- Flooring: Hardwood, Carpet, Laminate
- Doors: Insulated Doors, Storm Door(s)
- Windows: Double Pane Windows, Blinds, Shutters
- Has basement: No
Interior area
- Total structure area: 1,546
- Total interior livable area: 1,546 sqft
Property
Parking
- Parking features: 2 Space/Unit
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Exterior features: Lawn Pump, Rain Gutters
- Pool features: None
- Fencing: Back Yard,Chain Link
- Has view: Yes
- View description: Bayou, Water
- Has water view: Yes
- Water view: Bayou, Water
- Waterfront features: Beach Access, Boat Launch
Lot
- Size: 6,534 Square Feet
- Features: Sprinkler
Details
- Parcel number: 502s306090646029
- Zoning description: Mixed Residential Subdiv
- Other equipment: Satellite Dish
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Brick, Frame
- Foundation: Off Grade
- Roof: Shingle
Condition
- Resale
- New construction: No
- Year built: 1945
Utilities & green energy
- Electric: Circuit Breakers, Copper Wiring
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Green energy
- Energy efficient items: Insulation
Community & HOA
Community
- Security: Security System, Smoke Detector(s)
- Subdivision: Navy Point
HOA
- Has HOA: No
Location
- Region: Perdido Key
Financial & listing details
- Price per square foot: $226/sqft
- Tax assessed value: $219,627
- Annual tax amount: $2,809
- Price range: $350K - $350K
- Date on market: 4/24/2025
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