About This Home

This 2-bedroom, 2-bathroom condo at 16590 Perdido Key Dr #7A in Perdido Key, FL is listed for $462,000 ($443 per sqft). Built in 1983, the home offers 1,044 sqft of living space on a 2.24 acres lot.

Key Features

  • Built in 1983
  • 2.24 acre lot
  • 2 stories
  • Waterfront

Property Details

2 stories
2 full
#7A
1983

Amenities

WaterfrontViewA/C
Listing Description

BACK ON THE MARKET! DON'T LET THIS ONE SLIP AWAY! ENJOY THE BEST OF PERDIDO KEY FROM THIS BEAUTIFULLY UPDATED WATERFRONT VILLA LOCATED DIRECTLY ON OLE RIVER WITH DIRECT ACCESS TO THE SUGAR-WHITE SANDS OF THE GULF OF AMERICA JUST ACROSS THE STREET. THIS RARE 2-BEDROOM PLUS LOFT FLOOR PLAN OFFERS THE PERFECT COMBINATION OF WATERFRONT LIVING AND GULF BEACH CONVENIENCE.

THE VERSATILE LOFT CAN EASILY SERVE AS A THIRD BEDROOM, HOME OFFICE, OR ADDITIONAL LIVING SPACE, MAKING THIS PROPERTY IDEAL AS A PRIMARY RESIDENCE, VACATION GETAWAY, OR INVESTMENT OPPORTUNITY. Move-in ready and tastefully remodeled, this spacious villa features beautiful kitchen cabinetry, modern appliances, luxury vinyl plank flooring throughout, and an open, airy floor plan filled with natural light.

The two spacious bedrooms are complemented by a versatile loft accessed by a spiral staircase, providing additional sleeping space for family and guests. The updated bathrooms and tasteful coastal finishes make this home ready to enjoy from day one. The highlight of the home is the brand-new oversized waterfront balcony, where you can relax with yo

ur morning coffee, watch boats cruise along Ole River, enjoy spectacular sunsets, and take in the peaceful waterfront setting right outside your door. Molokai Villas is one of Perdido Key's most unique waterfront communities, offering boat docks on the deep waters of Ole River with quick access to the Gulf of America, a sparkling waterfront pool, a

ssigned parking, and direct access across the street to one of Perdido Key's most beautiful and uncrowded stretches of sugar-white sand. Conveniently located just a short walk along the new Perdido Key multi-use path to The Crab Trap, Ole River Grill, and the world-famous Flora-Bama. MOLOKAI VILLAS IS A TRUE HIDDEN GEM WHERE BOATING, BEACH DAYS, AND WATERFRONT LIVING COME TOGETHER. DON'T MISS THIS RARE OPPORTUNITY TO OWN A BEAUTIFULLY UPDATED VILLA IN ONE OF PERDIDO KEY'S MOST SOUGHT-AFTER WATERFRONT COMMUNITIES.

Monthly Cost Estimate

$24,300/mo

20% down · 6.5% · 30 years

Principal$334
Interest$2,002
Insurance$135
HOA$21,829

Estimates only. Actual payments may vary.

Location

16590 Perdido Key Dr #7A

Perdido Key, FL 32507

Molokai Villas

Features & Amenities

Interior Features

BaseboardsCeiling Fan(s)Recessed LightingBonus Room

Exterior Features

BalconyDock

Property Details

Construction

Frame

Views

River

Parking

Guest

Heating

Central

Cooling

Ceiling Fan(s)Central Air

Appliances

Electric Water HeaterDryerWasherDishwasherMicrowaveRefrigerator

Questions & Answers

This 2-bedroom, 2-bathroom condo at 16590 Perdido Key Dr is listed at $462,000 ($443/sqft). The estimated monthly payment is $24,300 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $21829/month.

Key features include: Built in 1983, 2.24 acre lot, 2 stories, Waterfront. Interior Features: Baseboards, Ceiling Fan(s), Recessed Lighting. Exterior Features: Balcony, Dock.

This property is listed by Jason Smallwood.

JS

Jason Smallwood

Agent at Bastion Realty LLC

Listed by Bastion Realty LLC · Broker phone: 850-420-1959 · View on Broker Site

MLS# 685098· Source: Pensacola Association of REALTORS· 124 days on PropertySimple

Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

16590 Perdido Key Dr #7A, Perdido Key, FL 32507

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