Sold for $1,430,000 on 05/12/23
$1,430,000
7220 Flood Reef, Perdido Key, FL 32507
4beds
2,880sqft
Single Family Residence
Built in 2019
10,018.8 Square Feet Lot
$1,492,500 Zestimate®
$497/sqft
$3,616 Estimated rent
Home value
$1,492,500
$1.37M - $1.63M
$3,616/mo
Zestimate® history
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What's special
Vacation all year in this Boaters Paradise! Live on a deep water canal, a 15 minute boat ride to the Gulf of Mexico and offshore fishing. A walk to the beach is only 5 minutes. Perdido Key Coves is surrounded by the 290-acre Perdido Key State Park known for its white sand beaches and rolling dunes covered with sea oats. This custom home sits on a premier lot that has 120’ of canal frontage which gives you enough room for all your watercraft. 4 bedroom, 3 ½ bathrooms and 2 garages large enough for 4 cars and will fit an RV. An ideal floorplan that offers 2 separate independent living areas. Perfect for a mother in-law suite, or to generate income by renting out a floor without any disturbance, or just use it for your whole family and friends. First and second floor mirror each other. Each have a full kitchen, dining, family room, 2 bedrooms and baths. 9’ ceilings and balconies. The ground floor is made of ICF construction. 11’ ceiling with 10’ garage door. The left side has RV hookup with 50 amp power and sewer. Storage rooms and a commercial filtration water system. Elevator will take you to all floors. From the 2nd and 3rd floor, you can access the look-out deck by the exterior lift and enjoy the 360 degree views of the canals, intercostal waterway and the Gulf of Mexico. Other wonderful features are the whole house generator with load shredding, 12,000 lb conered boat lift that will hold up to a 28’ boat, tension whips for docking, hot water outside shower, gas line for BBQ and plumbed inside for gas stove. Prime location and lifestyle awaits.
Zillow last checked: 8 hours ago
Listing updated: May 15, 2023 at 08:29am
Listed by:
Nancy Grogan 850-377-7578,
Berkshire Hathaway HomeServices PenFed Realty
Bought with:
Nancy Grogan
Berkshire Hathaway HomeServices PenFed Realty
Source: PAR,MLS#: 624315
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Primary bedroom
- Level: Second
- Area: 220.73
- Dimensions: 13.5 x 16.35
Bedroom
- Level: Second
- Area: 155
- Dimensions: 12.4 x 12.5
Bedroom 1
- Level: Third
- Area: 155
- Dimensions: 12.4 x 12.5
Primary bathroom
- Level: Second
- Area: 73.1
- Dimensions: 8.5 x 8.6
Bathroom
- Level: Second
- Area: 37.24
- Dimensions: 7.6 x 4.9
Bathroom 1
- Level: Third
Dining room
- Level: Second
- Area: 176.04
- Dimensions: 10.8 x 16.3
Family room
- Level: Second
- Area: 296.25
- Dimensions: 23.7 x 12.5
Kitchen
- Level: Second
- Area: 151.13
- Dimensions: 12.7 x 11.9
Heating
- Heat Pump
Cooling
- Multi Units, Heat Pump, Ceiling Fan(s)
Appliances
- Included: Water Heater, Tankless Water Heater, Dryer, Washer, Built In Microwave, Dishwasher, Disposal, Refrigerator
- Laundry: Inside, W/D Hookups
Features
- Bar, Ceiling Fan(s), Elevator, High Ceilings, High Speed Internet, In-Law Floorplan, Recessed Lighting
- Windows: Drapery Rods, Impact Resistant Windows
- Has basement: No
Interior area
- Total structure area: 2,880
- Total interior livable area: 2,880 sqft
Property
Parking
- Total spaces: 4
- Parking features: 4 or More Car Garage, Front Entrance, RV Access/Parking, Garage Door Opener
- Has garage: Yes
Features
- Levels: Three Or More
- Stories: 3
- Patio & porch: Patio
- Exterior features: Balcony, Lawn Pump
- Pool features: None
- Has view: Yes
- View description: Canal, Gulf, Water
- Has water view: Yes
- Water view: Canal, Gulf, Water
- Waterfront features: Canal Front, Waterfront, Block/Seawall, Boat Lift
- Frontage length: Water Frontage(120)
Lot
- Size: 10,018 sqft
- Features: Sprinkler
Details
- Parcel number: 323s321100000050
- Zoning description: Res Single
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
Materials
- Frame, ICFs (Insulated Concrete Forms)
- Foundation: Slab
- Roof: Metal
Condition
- Resale
- New construction: No
- Year built: 2019
Utilities & green energy
- Electric: Copper Wiring, Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Green energy
- Energy efficient items: Heat Pump, Insulated Walls
Community & neighborhood
Security
- Security features: Security System, Smoke Detector(s)
Location
- Region: Perdido Key
- Subdivision: Perdido Key Coves
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $400 annually
- Services included: Association
Price history
| Date | Event | Price |
|---|---|---|
| 12/20/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 11/21/2023 | Listed for rent | $10,000$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/12/2023 | Sold | $1,430,000-3.4%$497/sqft |
Source: | ||
| 4/1/2023 | Contingent | $1,480,000$514/sqft |
Source: | ||
| 3/25/2023 | Listed for sale | $1,480,000-4.5%$514/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $14,382 +66% | $1,084,830 +19.4% |
| 2023 | $8,663 +2.1% | $908,610 +8.8% |
| 2022 | $8,488 -0.2% | $835,412 +32.9% |
Find assessor info on the county website
Neighborhood: 32507
Nearby schools
GreatSchools rating
- 7/10Hellen Caro Elementary SchoolGrades: PK-5Distance: 5.3 mi
- 5/10Jim C. Bailey Middle SchoolGrades: 6-8Distance: 5.5 mi
- 2/10Escambia High SchoolGrades: 9-12Distance: 13.9 mi
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.

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$1,492,500
2% more+ $29,850
With Zillow Showcase(estimated)
$1,522,350