OFF MARKET

Off Market Jun 2021 for $575K

$829,541

Est. refi paymentEst. refi $2,049/mo

•

1,547

sq ft

7196 Sharp Reef #1, Pensacola, FL 32507

About this home

Rare Corner Unit and a True Waterfront Paradise! 2 BOAT SLIPS and Deeded Gulf Access across the street! This Townhome (meaning you OWN the waterfront property unlike a condo) is a true gem has unobstructed breathtaking views of Old River yet offers the protected waters of the Perdido Key Coves Boat Basin. Enjoy overlooking your BOATS while watching dolphins play in the water directly in front of you! The PERFECT place for not only boating but fabulous Paddle Boarding, Kayaking, Swimming and Fishing. This darling property is an absolute show stopper from the moment you walk in the door, views abound but the home is newly decorated as the Ultimate Happy Place! In addition to the main living area there is a separate Waterfront Apartment on the first level that is well...A Mini Happy Place where your guests will beg to stay! The waterfront decks feature the ultimate New Stainless Steel Wire Railing for optimum view and very chic decks. This home will not last long with the totally updated interior and decks, and the view from this River and Gulf view corner unit that are truly Million Dollar Views, not to mention that it has TWO PRIVATE BOAT SLIPS, INCLUDING ONE BOAT LIFT (could add another boat lift or use the other slip for sailboat or visiting boating friends!). Community also features Pickle Ball and Tennis Courts steps from the house! Also NEW METAL ROOF 2021! Don't Miss your Opportunity to Live your best life in Paradise! *The HOA is replacing the dock along the sea wall. Unit 1 owner has already paid the assessment for it. The finger piers, boat lifts, water and electrical for each pier belong to the individual owners and are the responsibility of the individual owner. Dock (Boardwalk) repair is scheduled to begin Monday 4/5/2021 and estimated to be complete in 2 weeks.Seller will complete dock repairs as soon as Boardwalk is complete at sellers expense..The Seller’s insurance is $836.00 Flood and $6363.00 Homeowners/Windstorm

TownhomeProperty Type

1983Year Built

0.67 acresLot Size

$536Est. Price/Sq.Ft.

1 car garageParking

Listed by T. Lauren Moore • Levin Rinke Realty

Listed by Peggy Butler • Levin Rinke Realty

Bought with T. Lauren Moore • Levin Rinke Realty

Bought with Peggy Butler • Levin Rinke Realty

Redfin checked: a minute ago

•Source:PARMLS #587254

Redfin Estimate

$829,541

$255K since sold in June 2021$8,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 37.8% lower than the average sale price ($1.33M) of 6 comparable homes.

SOLD APR 8, 2026
$1,625,000
A
3 beds3 baths1,400 sq ft
32620 River Road Rd, Orange Beach, AL 36561
SOLD APR 30, 2026
$650,000
B
3 beds3 baths2,401 sq ft
33129 River Road Rd, Orange Beach, AL 36561
SOLD AUG 20, 2026
$1,175,000
C
3 beds2.5 baths2,457 sq ft
5470 North Shore Rd, Pensacola, FL 32507
SOLD AUG 21, 2026
$1,625,000
D
4 beds3 baths3,424 sq ft
31899 River Rd, Orange Beach, AL 36561
SOLD JUL 1, 2026
$1,725,000
E
3 beds3 baths1,999 sq ft
30421 Ono Boulevard Blvd, Orange Beach, AL 36561
SOLD JUL 13, 2026
$1,200,000
F
4 beds3 baths2,906 sq ft
32315 River Rd, Orange Beach, AL 36561

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Earn from this home

Sell

$366,841

Est. take-home

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Refinance

Est. cash available

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Rent

$1,825/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

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NEW 22 HRS AGO
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17030 Starboard Pl, Pensacola, FL 32507
NEW 27 HRS AGO
$595,000
3 beds2 baths1,554 sq ft
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NEW 34 HRS AGO
$455,000
3 beds2 baths1,739 sq ft
612 Lost Key Dr Unit 1001B, Pensacola, FL 32507
NEW 34 HRS AGO
$259,900
3 beds2 baths1,237 sq ft
5321 Yellow Bluff Rd, Pensacola, FL 32507
NEW 34 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 7196 Sharp Reef #1

Date

Event

Price

BCAR #311856

Jun 3, 2021

Sold

$575,000

$372/sq ft

Apr 3, 2021

Listed

$575,000

$372/sq ft

+40

PARMLS #587254

Jun 3, 2021

Sold

$575,000

$372/sq ft

Apr 3, 2021

Listed

$575,000

$372/sq ft

PARMLS #547310

Jan 4, 2020

Listing Removed

—

Jan 3, 2019

Listed

$539,000

$348/sq ft

Public Records

Jul 28, 2008

Sold

$250,000

$162/sq ft

Public Records

Jun 18, 1997

Sold

$135,000

$87/sq ft

Public Records

Aug 23, 1994

Sold

$98,000

$63/sq ft

Public Records

Dec 1, 1983

Sold

$70,300

$45/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$8,941 (+12.3%)

$150,000 + $500,130

$650,130

2024

$7,963 (+3.6%)

$100,000 + $506,014

$606,014

2023

$7,688 (+9.3%)

2022

$7,037 (+62.3%)

$100,000 + $415,914

$515,914

2021

$4,337 (+8.5%)

2020

$3,996 (+31.9%)

2019

$3,031 (−3.1%)

2018

$3,127 (+15.0%)

$70,000 + $141,537

$211,537

2017

$2,718 (+2.6%)

$57,000 + $124,000

$181,000

2016

$2,649 (+1.9%)

$57,000 + $116,199

$173,199

2014

$2,600

Tax history for 7196 Sharp Reef #1

Year

Property tax

Land + Additions

Assessment*

2025

$8,941 (+12.3%)

$150,000 + $500,130

$650,130

2024

$7,963 (+3.6%)

$100,000 + $506,014

$606,014

2023

$7,688 (+9.3%)

2022

$7,037 (+62.3%)

$100,000 + $415,914

$515,914

2021

$4,337 (+8.5%)

2020

$3,996 (+31.9%)

2019

$3,031 (−3.1%)

2018

$3,127 (+15.0%)

$70,000 + $141,537

$211,537

2017

$2,718 (+2.6%)

$57,000 + $124,000

$181,000

2016

$2,649 (+1.9%)

$57,000 + $116,199

$173,199

2014

$2,600

*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

867 Sq. Ft.

Year renovated

2005

Sq. Ft.

1,547

Year built

1983

Style

Townhouse

County

Escambia County

APN

323S321301010012

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: 1
# of Garage Spaces: 1
Covered Spaces: 1
Has Garage
Has Attached Garage
Parking Features: Garage, Parking Lot

Interior

Virtual Tour

Bedroom 1 Information
Bedroom Level: Third
Bedroom Width: 12
Bedroom Length: 15
Bedroom Area: 180

Bathroom Information
# of Bathrooms (Full): 2
# of Bathrooms (1/2): 1
Bathroom Level: First
Bathroom Width: 6
Bathroom Length: 7
Bathroom Area: 42
Room Bathroom Features: Updated
Bathroom Update Timeline: 1 TO 5 YRS
Bathroom Update Remarks: Updated decor and flooring

Dining Room Information
Dining Room Features: Kitchen/Dining Combo

Kitchen Information
Kitchen Level: Second
Kitchen Width: 13
Kitchen Length: 12
Kitchen Area: 156
Kitchen Features: Updated
Kitchen Update Timeline: 1 TO 5 YRS
Kitchen Update Remarks: Updated total kitchen

Interior Features
Flooring: Carpet
Window Features: Double Pane Windows, Storm Window(s)
Interior Features: Attached Self Contained Living Area

Exterior

Exterior Features
Exterior Features: Boat Slip
Allows Horses: No
Roof: Metal
Has Waterfront
Waterfront Features: Canal Front, River Front, Waterfront, Block/Seawall, Boat Lift, Deed Access

Lot Information
Lot Size Acres: 0.67
Lot Size Area: 0.67
Lot Size Units: Acres

Property Information
Property Condition: Resale
New Construction: No
Has Property Attached: Yes
Appliances: Electric Water Heater, Dryer, Washer
Road Responsibility: County Maintained Road

Building Information
Building Area Total: 1,260
Building Area Units: Square Feet
Foundation Details: Pillar/Post/Pier
Levels: Three Or More
Construction Materials: Frame

Financial

Tax Information
Tax Legal Description: BEG AT NW COR LT 12 PERDIDO KEY COVE 2ND ADDN PB 10 P 46 S 28 DEG 24 MIN 36 SEC E 41 69/100 FT S 57 DEG 35 MIN 28 SEC W 86 50/100 FT TO POB S 32 DEG 24 MIN 32 SEC E 18 FT N 57 DEG 35 MIN 28 SEC E 48 50/100 FT N 32 DEG 24 MIN 32 SEC W 18 FT S 57 DEG 35 MIN 28 SEC W 48 50/100 FT TO POB OR 6357 P 1666

Utilities

Utility Information
Electric: Circuit Breakers
Sewer: Public Sewer

Heating & Cooling
Has Cooling
Has Heating
Cooling: Central Air
Heating: Central

Location

HOA Information
Association YN: Yes
Association Fee: $1,600
Association Fee Frequency: Annually

Location Details
Directions: West on Sorrento over Baars Bridge, Perdido Key Drive, past River Road into Perdido Key State Park, pass Fire Station to Perdido Key Coves Subdivision to Sharp Reef (4th Street on right past Fire Station). Right on Sharp Reef to Pelican Cove townhomes, this home is on Northern corner of building

Public facts

Beds: —
Baths: 2.0
Sq. Ft.: 1,547
Stories: 3.0
Lot Size: 867 square feet
Style: Townhouse
Year Built: 1983
Year Renovated: 2005
County: Escambia County
APN: 323S321301010012

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

7/10 Flood Factor

Estimated 72-80% chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be 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

$789,000 – $954,000

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Home values near 7196 Sharp Reef #1

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
7208 Sharp Reef Road, Pensacola, FL 4 Beds \| 4 Baths \| 2582 Sq. Ft.	$1,415,311

Address	Redfin Estimate
7196 Sharp Reef Road Apartment 3, Pensacola, FL 2 Beds \| 2.5 Baths \| 1570 Sq. Ft.	$793,942
7204 Sharp Reef Road, Pensacola, FL - Beds \| 2 Baths \| 1672 Sq. Ft.	$1,025,330

Address	Redfin Estimate
7200 Sharp Reef Road, Pensacola, FL 2 Beds \| 2 Baths \| 864 Sq. Ft.	$381,625
7200 Sharp Reef Road Apartment 1, Pensacola, FL - Beds \| 2 Baths \| 864 Sq. Ft.	$393,130

Property information provided by PARMLS when last listed in 2021. 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 7196 Sharp Reef #1

Tax history for 7196 Sharp Reef #1

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 7196 Sharp Reef #1

More real estate resources