OFF MARKET

Off Market Aug 2019 for $969K

$1,503,271

Est. refi paymentEst. refi $6,541/mo

•

2,400

sq ft

7188 Sharp Reef, Pensacola, FL 32507

About this home

Simply amazing waterfront cottage living with dedicated beach access! This adorable updated jewel will not last long! Coastal cottage style, this furnished beach house will exceed all of your expectations. 3BR/3.5 BA with a large open area upstairs currently used as an artist studio. There is a wet bar/kitchenette/coffee bar for your guests to enjoy without the need to go downstairs. Easily converted into an additional bedroom should the buyer need and extra. There is a widows walk on top of the house for star gazing, sunset watching, and 360 degree views of amazing Perdido Key, Ono Island and beyond. The floor plan is open and filled with natural light and the OMG VIEWS! Living/Dining & Kitchen flow for easy enjoyment and entertaining. There is a fireplace for cooler days, up to the minute style touches like shiplap, luxury vinyl wood plank floors, perfect accent lighting. The porches are deep and covered for enjoying the open water views of Old River and the entrance to Perdido Key Coves. The waterfront wharf is off the chain! large pier area for crabbing, fishing or sunning, flanked by a dedicated slip with lift. The wharf is shared with 5 other neighbors who each have thier own slips, there is guest boat parking, a waterfront boardwalk, a swim platform with sundeck too. All this making it possible to watch your kids on the jet skis while you are cooking up gulf seafood on the grill! When you're tired of the inshore activities, you can walk up the street to the beach walkover and enjoy 2 miles of unspoiled Perdido Key State Park! Yes, beach, boating, breezes and all the joy that comes with it! Don't miss this opportunity. Be sure to click on the Virtual Tour to understand just how special this home and location really is. Make your appointment to see today!

Single-familyProperty Type

2003Year Built

10,018 sq ftLot Size

$626Est. Price/Sq.Ft.

2 spacesParking

Listed by Alison Davenport • Better Homes And Gardens Real Estate Main Street Properties

Bought with Alison Davenport • Better Homes And Gardens Real Estate Main Street Properties

Redfin checked: 2 minutes ago

•Source:PARMLS #553653

Redfin Estimate

$1,503,271

$534K since sold in August 2019$6,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 35.7% higher than the average sale price ($1.11M) of 6 comparable homes.

SOLD MAY 27, 2026
$1,600,000
A
4 beds3.5 baths3,090 sq ft
15770 Perdido Key Dr, Pensacola, FL 32507
SOLD MAY 29, 2026
$354,000
B
3 beds3.5 baths2,340 sq ft
4637 Isles Dr, Pensacola, FL 32507
SOLD JUN 19, 2026
$1,200,000
C
3 beds3 baths2,449 sq ft
31904 Shoalwater Drive Dr, Orange Beach, AL 36561
SOLD FEB 24, 2026
$670,000
D
3 beds3 baths2,162 sq ft
16237 Innerarity Point Rd, Pensacola, FL 32507
SOLD MAR 26, 2026
$665,000
E
4 beds3.5 baths2,552 sq ft
16268 Ygnacio Serra Dr, Pensacola, FL 32507
SOLD MAR 30, 2026
$2,156,000
F
3 beds3.5 baths2,711 sq ft
33010 River Road Rd, Orange Beach, AL 36561

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Earn from this home

Sell

$748,899

Est. take-home

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Refinance

Est. cash available

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Rent

$3,312/mo

Redfin rental estimate

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Market trends in 32507, FL

Last updated August 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

96.9%

+0.3% MoM

Median sale price

$375K

$28K MoM

Avg. days on market

85d

4 days MoM

Recently sold homes

228

23 MoM

New listings for sale

NEW 11 HRS AGO
$437,000
3 beds2 baths1,741 sq ft
5523 North Shore Rd, Pensacola, FL 32507
COMING SOON
$279,900
3 beds2 baths1,150 sq ft
238 Cottage View Dr, Pensacola, FL 32507
NEW 24 HRS AGO
$2,100,000
5 beds5.5 baths2,538 sq ft
17030 Starboard Pl, Pensacola, FL 32507
NEW 29 HRS AGO
$595,000
3 beds2 baths1,554 sq ft
10099 Nelle Ave #1006, Pensacola, FL 32507
NEW 35 HRS AGO
$455,000
3 beds2 baths1,739 sq ft
612 Lost Key Dr Unit 1001B, Pensacola, FL 32507
NEW 35 HRS AGO
$259,900
3 beds2 baths1,237 sq ft
5321 Yellow Bluff Rd, Pensacola, FL 32507
NEW 35 HRS AGO
$550,000
3 beds2 baths1,951 sq ft
200 Clear Lake Dr, Pensacola, FL 32507
COMING SOON
$1,100,000
5 beds5 baths4,849 sq ft
5616 Grande Lagoon Ct, Pensacola, FL 32507
3D WALKTHROUGH
$205,000
4 beds2 baths1,244 sq ft
1212 Paulding Ave, Pensacola, FL 32507
OPEN SUN, 12PM TO 2:30PM
$725,000
3 beds3 baths2,769 sq ft
3362 Chantarene Dr, Pensacola, FL 32507
See all

Provided by Redfin

Sale history for 7188 Sharp Reef

Date

Event

Price

BCAR #286853

Jul 24, 2019

Listed

$999,000

$416/sq ft

PARMLS #553653

Aug 21, 2019

Sold

$969,500

$404/sq ft

May 6, 2019

Listed

$999,000

$416/sq ft

PARMLS #397574

May 5, 2019

Listing Removed

—

Sep 24, 2010

Listed

$999,000

$416/sq ft

PARMLS #383247

Sep 1, 2010

Listing Removed

—

Jan 27, 2010

Listed

$775,000

$323/sq ft

PARMLS #370367

Jan 1, 2010

Listing Removed

—

May 14, 2009

Listed

$895,000

$373/sq ft

PARMLS #356321

Apr 17, 2009

Listing Removed

—

Aug 17, 2008

Listed

$950,000

$396/sq ft

PARMLS #281871

Apr 3, 2006

Listing Removed

—

Jul 5, 2005

Listed

$1,475,000

$615/sq ft

Public Records

Feb 6, 2003

Sold

$165,000

$69/sq ft

Public Records

Aug 22, 2001

Sold

$100,000

$42/sq ft

Public Records

Mar 9, 1994

Sold

$66,300

$28/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$9,110 (+12.2%)

2024

$8,120 (+4.2%)

2023

$7,794 (+7.3%)

2022

$7,266 (+16.5%)

2021

$6,237 (+7.7%)

$165,000 + $276,394

$441,394

2020

$5,793 (+12.4%)

$165,000 + $251,165

$416,165

2019

$5,153 (+1.5%)

$165,000 + $251,165

$416,165

2018

$5,078 (+2.1%)

$148,200 + $217,811

$366,011

2017

$4,971 (−0.6%)

$148,200 + $190,055

$338,255

2016

$4,999 (+32.2%)

$148,200 + $186,261

$334,461

2014

$3,782

Tax history for 7188 Sharp Reef

Year

Property tax

Land + Additions

Assessment*

2025

$9,110 (+12.2%)

2024

$8,120 (+4.2%)

2023

$7,794 (+7.3%)

2022

$7,266 (+16.5%)

2021

$6,237 (+7.7%)

$165,000 + $276,394

$441,394

2020

$5,793 (+12.4%)

$165,000 + $251,165

$416,165

2019

$5,153 (+1.5%)

$165,000 + $251,165

$416,165

2018

$5,078 (+2.1%)

$148,200 + $217,811

$366,011

2017

$4,971 (−0.6%)

$148,200 + $190,055

$338,255

2016

$4,999 (+32.2%)

$148,200 + $186,261

$334,461

2014

$3,782

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

—

Baths

Stories

Lot width

—

Lot depth

—

Lot size

10,110 Sq. Ft.

Year renovated

2003

Sq. Ft.

2,400

Year built

2003

Style

Single Family Residential

County

Escambia County

APN

323S321301001011

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 27, 2026.

MDR-PK

Medium Density Residential, Perdido Key District

The medium density residential (MDR-PK) district establishes appropriate areas and land use regulations for residential uses at medium densities and non-residential uses that are compatible with the residential neighborhoods and natural resources of the island.

Permitted uses

Include but are not limited to:

Religious facility
Day care facility
Housing-Single unit
Housing-Multiple units
Infrastructure
Public service
Marina

Property details

Parking

Parking / Garage Information
# of Total Parking Spaces: 2
Covered Spaces: 2
Carport Spaces: 2
Has Carport
Parking Features: 2 Car Carport

Interior

Virtual Tour

Bedroom 1 Information
Bedroom Level: Second
Bedroom Width: 13
Bedroom Length: 14
Bedroom Area: 182

Bedroom 2 Information
Bedroom Level: Second
Bedroom Width: 13
Bedroom Length: 14
Bedroom Area: 182

Bathroom Information
# of Bathrooms (Full): 3
# of Bathrooms (1/2): 2
Room Bathroom Features: Not Updated

Dining Room Information
Dining Room Level: First
Dining Room Width: 10
Dining Room Length: 10
Dining Room Area: 100
Dining Room Features: Breakfast Bar, Living/Dining Combo

Living Room Information
Living Room Level: First
Living Room Width: 15
Living Room Length: 30
Living Room Area: 450

Kitchen Information
Kitchen Level: First
Kitchen Width: 11
Kitchen Length: 13
Kitchen Area: 143
Kitchen Features: Updated, Pantry
Kitchen Update Timeline: 1 YR
Kitchen Update Remarks: Fresh countertops and glass tile backsplash.

Interior Features
Flooring: Tile, Carpet
Pets Allowed: Yes
Window Features: Double Pane Windows, Blinds, Drapes
Interior Features: Storage, Ceiling Fan(s), Crown Molding, High Speed Internet, Wet Bar, Office/Study

Exterior

Exterior Features
Exterior Features: Sprinkler, Dock
Allows Horses: No
Patio And Porch Features: Covered Deck
Roof: Metal
Has View
View: Bay, Gulf, Lagoon, Water
Has Waterfront
Waterfront Features: Bay, Lagoon, Waterfront, Block/Seawall, Boat Lift, Pier

Lot Information
Lot Size Acres: 0.23
Lot Size Area: 0.23
Lot Size Units: Acres

Land Information
Water Source: Public

Property Information
Property Condition: Resale
New Construction: No
Has Property Attached: No
Homestead: Yes
Has Fireplace
Appliances: Electric Water Heater, Dryer, Washer, Dishwasher, Disposal, Microwave, Refrigerator
Security Features: Smoke Detector(s)
Road Responsibility: County Maintained Road

Building Information
Building Area Total: 2,400
Building Area Units: Square Feet
Foundation Details: Pillar/Post/Pier
Levels: Two
Construction Materials: Frame

Financial

Tax Information
Tax Legal Description: BEG AT SE COR LT 11 PERDIDO KEY COVES UNIT NO 2 PB 10 P 46 A RE S/D OF PART OF PARCEL A PERDIDO KEY COVES UNIT NO 1 PB 7 P 26 N 64 DEG 44 MIN 29 SEC W ALG NLY R/W LI OF SHARP REEF (60 FT R/W 25 FT N 27 DEG 49 MIN 22 SEC E 284 35/100 FT TO APPROX MEAN HIGH WATER LI OF PERDIDO KEY COVE MEANDER SELY ALG MEAN HIGH WATER LI A BRG & DIST OF S 19 DEG 55 MIN 32 SEC E 66 66/100 FT TO PT OF INTER WITH LI PASSED THRU POB HAVING BRG OF N 33 DEG 39 MIN 29 SEC E S 33 DEG 39 MIN 29 SEC E S 33 DEG 39 MIN 29 SEC W 239 65/100 FT TO POB LT 11-B PART OF LT 11 PERDIDO KEY COVES UNIT NO 2 PB 10 P 46 OR 6730 P 487 OR 7179 P 1186

Utilities

Utility Information
Electric: Circuit Breakers
Sewer: Public Sewer
Utilities: Cable Available

Heating & Cooling
Has Cooling
Has Heating
Cooling: Multi Units, Ceiling Fan(s)
Heating: Multi Units, Central, Fireplace(s)

Location

HOA Information
Association YN: Yes
Association Fee: $450
Association Fee Frequency: Annually
Association Fee Includes: Association

Location Details
Directions: Hwy 292 between Eden Condominums and Perdido Key fire station. Sharp Reef is on the north side of the road - coming from west it is the first street on the left, coming from east it is the 4th street on the right.

Community Information
Community Features: Beach, Dock, Fishing, Marina, Pier

Public facts

Beds: —
Baths: 5.0
Sq. Ft.: 2,400
Stories: 2.0
Lot Size: 10,110 square feet
Style: Single Family Residential
Year Built: 2003
Year Renovated: 2003
County: Escambia County
APN: 323S321301001011

Home facts updated by county records on Jul 27, 2026

Around this home

Schools

Hellen Caro Elementary School

Public PreK-5 • Assigned • 5.3mi

7/10

Jim C. Bailey Middle School

Public 6-8 • Assigned • 5.5mi

5/10

Escambia High School

Public 9-12 • Assigned • 13.9mi

3/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

6/10 Flood Factor

Estimated 36-48% chance of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.15% chance of being in a wildfire in next 30 years

10/10 Heat Factor

7 days above 104° expected this year, 22 days in 30 years

10/10 Wind Factor

99% chance of strong winds in next 30 years

2/10 Air Factor

2 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Pensacola, FL • 32507

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.8 hours in June and 5.1 hours in December, which is comparable to the U.S. average for solar exposure.

8.8 hrs

5.1 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$1.43M – $1.73M

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Nearby similar homes

NEW 11 HRS AGO

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7249 Surfview Dr, Pensacola, FL 32507

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3D WALKTHROUGH

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New listings for sale in 32507

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238 Cottage View Dr, Pensacola, FL 32507

NEW 24 HRS AGO

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NEW 29 HRS AGO

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NEW 35 HRS AGO

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COMING SOON

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Home values near 7188 Sharp Reef

Data from public records.

Address	Redfin Estimate
7156 Sharp Reef Road Apartment B4, Pensacola, FL 2 Beds \| 2.5 Baths \| 1080 Sq. Ft.	$465,604
7204 Sharp Reef Road, Pensacola, FL - Beds \| 2 Baths \| 1672 Sq. Ft.	$1,025,330

Address	Redfin Estimate
7196 Sharp Reef Road Apartment 3, Pensacola, FL 2 Beds \| 2.5 Baths \| 1570 Sq. Ft.	$793,942
7200 Sharp Reef Road Apartment 1, Pensacola, FL - Beds \| 2 Baths \| 864 Sq. Ft.	$393,130

Address	Redfin Estimate
7200 Sharp Reef Road, Pensacola, FL 2 Beds \| 2 Baths \| 864 Sq. Ft.	$381,625
7200 Sharp Reef Road Apartment 3, Pensacola, FL - Beds \| 2 Baths \| 864 Sq. Ft.	$381,257

Property information provided by PARMLS when last listed in 2019. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 32507, FL

Sale history for 7188 Sharp Reef

Tax history for 7188 Sharp Reef

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 32507

Home values near 7188 Sharp Reef

More real estate resources