About This Home

This 2-bedroom, 2-bathroom single family at 208 Pinewood Ln in Pensacola, FL is listed for $725,000 ($249 per sqft). Built in 1947, the home offers 2,914 sqft of living space on a 0.48 acres lot.

Key Features

  • Built in 1947
  • 0.48 acre lot
  • 2 stories
  • Fireplace
  • Waterfront

Property Details

2 stories
2 full
1947

Amenities

FireplaceWaterfrontViewSpaA/C
Listing Description

INVESTOR OPPORTUNITY ON BAYOU CHICO! Rare chance to own a unique waterfront compound with multiple income-producing possibilities on beautiful Bayou Chico. This one-of-a-kind property includes a charming 2-bedroom, 2 bath main residence situated directly on the water with private dock access, plus a separate 1-bedroom, 1-bath waterfront cottage ideal for rental income, guest accommodations, or multi-generational living.

Cottage has 837 square feet of living space. Duplex offers 1152 total square footage. Main home offers 2914 Square foot of living space. Adding even more value is an additional detached structure, equipped with plumbing and electrical, offering endless possibilities for a pool house, workshop, studio, home office, man cave, she shed, or future expansion opportunities.

At the front of the property sits a duplex with a shared driveway, creating additional investment potential. The seller is offering both parcels together as one package and will not consider separating the properties, making this a truly unique opportunity for investors, developers, or buyers seeking a waterfront family compound.

With multiple structures, waterfront access, a private dock, and tremendous income-producing potential, this Bayou Chico property is ready for its next vision. Schedule your showing today and explore the possibilities!

Monthly Cost Estimate

$3,877/mo

20% down · 6.5% · 30 years

Principal$524
Interest$3,142
Insurance$211

Estimates only. Actual payments may vary.

Location

208 Pinewood Ln

Pensacola, FL 32507

Westerly Heights

Features & Amenities

Exterior Features

BalconyFire PitIrrigation WellDock

Property Details

Construction

Brick

Views

Water

Pool Features

Porch

Heating

Central

Cooling

Ceiling Fan(s)Central Air

Appliances

Tankless Water Heater/GasBuilt In MicrowaveDishwasher

Questions & Answers

This 2-bedroom, 2-bathroom single family at 208 Pinewood Ln is listed at $725,000 ($249/sqft). The estimated monthly payment is $3,877 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1947, 0.48 acre lot, 2 stories, Fireplace, Waterfront. Exterior Features: Balcony, Fire Pit, Irrigation Well.

This property is listed by Erik Hansen and can be reached at (850) 471-5000.

EH

Erik Hansen

Agent at KELLER WILLIAMS REALTY GULF COAST

(850) 471-5000

Listed by KELLER WILLIAMS REALTY GULF COAST · View on Broker Site

MLS# 685685· Source: listhub· 1 day on market

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.

208 Pinewood Ln, Pensacola, FL 32507

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