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Lot/land
  • $1,350,000

    5661 Galvez Rd, Perdido Key, FL 32507

    --beds
    --baths
    1.31Acres
    Unimproved Land
    Built in ----
    1.31 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Coastal charm
    Unlock an exceptional investment opportunity in one of Perdido Key’s fastest-growing corridors. This 1.3-acre property offers an unparalleled mix of visibility, access, and flexibility, with 250 feet of frontage each on Innerarity Point Road, Galvez Road, and Cruzat Way. Zoned HDMU, it is primed for both residential and commercial development, creating multiple income streams from a single site. Originally platted into 10 residential lots, the property is ideal for boutique townhomes, upscale vacation rentals, or a mixed-use destination that combines ground-floor retail with high-demand upper-floor Airbnb units. Imagine the rental income from a thoughtfully designed complex featuring a coffee shop, boutique retail, or wellness studio below, paired with luxury short-term or long-term rentals above—perfectly positioned to capture year-round tourism and steady local demand. The location is unbeatable: across from the popular Hub Stacey’s, next to picturesque Innerarity Point Park, and steps from Galvez Landing for boating, fishing, and waterfront recreation. Residents and visitors alike will appreciate the ability to walk to restaurants, entertainment, and essential services. The neighborhood’s momentum is undeniable, with several new residential communities and a modern apartment complex recently completed, increasing foot traffic and creating a ready-made customer base. The combination of tourism growth, a booming residential population, and the area’s coastal charm makes this a rare chance to secure a high-performing asset in a market poised for continued appreciation. Whether your goal is steady cash flow, long-term equity growth, or both, this prime location offers the versatility and demand drivers that investors seek. Act now to claim your place in Perdido Key’s dynamic future. NO BEACH MOUSE PERMIT NEEDED!
    224 days
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    94
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    2
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    Zillow last checked: 7 hours ago

    Listing updated: March 04, 2026 at 07:42pm

    Listed by:

    Sadie O'gara 850-619-2732,

    Levin Rinke Realty

    Source: PAR,MLS#: 669552MLS Logo

      Facts & features

      Interior

      Features
      • Has basement: No
      Video & virtual tour

      Property

      Features
      • Has view: Yes
      • View description: Bay, Water
      • Has water view: Yes
      • Water view: Bay, Water
      • Waterfront features: Beach
      • Frontage length: Road Frontage(250)
      Lot
      • Size: 1.31 Acres
      • Dimensions: 250X250
      • Features: Central Access, Corner Lot
      Details
      • Has additional parcels: Yes
      • Parcel number: 143s325000110002
      • Zoning description: County,High Density Mixed Use,Res Multi,Res Single

      Utilities & green energy

      • Water: Public
      • Utilities for property: Sewer Available

      Community & HOA

      Community
      • Features: Dock, Fishing, Pavilion/Gazebo, Picnic Area
      • Subdivision: Gulf Beach Heights
      Location
      • Region: Perdido Key

      Financial & listing details

      • Tax assessed value: $539,649
      • Annual tax amount: $1,548
      • Price range: $1.4M - $1.4M
      • Date on market: 8/19/2025
      • Cumulative days on market: 225 days

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        Price history
        DateEventPrice
        8/19/2025Listed for sale$1,350,000
        Source: PAR #669552 Report a problem
        6/25/2024Listing removed$1,350,000
        Source: PAR #643352 Report a problem
        4/8/2024Listed for sale$1,350,000-3.2%
        Source: PAR #643352 Report a problem
        1/4/2024Listing removed--
        Source: PAR #622650 Report a problem
        2/17/2023Listed for sale$1,395,000
        Source: PAR #622650 Report a problem
        2/11/2023Listing removed--
        Source: PAR #614096 Report a problem
        10/17/2022Price change$1,395,000-7%
        Source: ECAOR #905585 Report a problem
        8/9/2022Listed for sale$1,500,000+1091.4%
        Source: PAR #614096 Report a problem
        6/3/2008Sold$125,900
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2024$1,548 $539,649 +24.3%
        2023-- $434,176 +24%
        2022$1,493 +0.5%$350,185 +7.2%
        2021$1,486 +2.4%$326,772 +54.7%
        2020$1,450 +2.1%$211,292 +2.2%
        2019$1,420 $206,702 +235.7%
        2018$1,420 +158.7%$61,573 +2.1%
        2017$549 -0.5%$60,307 +2.1%
        2016$552 0%$59,067 +0.7%
        2015$552 $58,657 +0.8%
        2014$552 $58,192 +1.5%
        2013-- $57,333
        2012-- $57,333 -3.6%
        2011-- $59,452 -2.7%
        2010-- $61,104 -3.5%
        2009-- $63,295 -20.8%
        2008-- $79,902 +90.2%
        2007-- $42,020 +2.5%
        2006-- $41,000 +3%
        2005-- $39,810 +3%
        2004-- $38,650 +1.9%
        2003-- $37,930 +2.4%
        2002-- $37,040 +1.6%
        2001-- $36,460 +3%
        2000-- $35,400 +2.7%
        1999-- $34,470

        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 32507

        Getting around

        20 / 100
        Car-Dependent
        33 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Hellen Caro
        • Middle: BAILEY
        • High: Escambia

        Source: PAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        Local experts in 32507

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