$169,000
201 S Stillman St Apt 103, Pensacola, FL 32505
- 1Bed
- 1Bath
- 500SqFt
- 1Bed
- 1Bath
- 500SqFt
- Property TypeCondo
- Year Built2006
- HOA Fees$400/mo
- Price per Sqft$338
- On highrises75 Days
Property Details
Waterfront Condo Living with Investment Upside, 201 S. Stillman Street unit 103, is a rare opportunity to own a beautifully maintained 1-bedroom, 1-bath unit in a waterfront condominium community just minutes from Downtown Pensacola. This stylish unit offers an open floor plan, updated kitchen, laundry facilities, and a private patiowith serene views of Bayou Chico. Whether you're seeking a primary residence, long-term rental, or a low-maintenance second home, this unit delivers lifestyle and convenience in one. The building features poured concrete construction, three elevators, and ample parking, with recent structural milestone reports already completed and no major repairs needed. Monthly COA dues of just $300 include exterior maintenance and building insurance. Units here are easy to rent, consistently drawing $1, 500/month in rental income thanks to their proximity to NAS, the beach, and all that downtown Pensacola has to offer. What truly sets this opportunity apart? The seller is offering up to 27 units from a 31-unit block within the 64-unit development, making this a rare chance to acquire a majority stake in a thriving condo community. Whether youre purchasing a single unit or exploring the full portfolio, the possibilities are compelling. With waterfront access, four parking lots, and solid rental performance, this property aligns with a variety of strategiesfrom long-term hold to resale of individual units. No zoning changes are needed to enjoy the condos current use as income-producing housing, and the condominium structure itself offers exit flexibility for investors seeking optionality. Insurance is handled by the COA, and current taxes for the full 27-unit offering are around $47, 000 annually. Dont miss your chance to buy into one of Pensacolas most quietly successful waterfront investment opportunities available by the unit or as part of a premium rental portfolio.
Property Features
Bedrooms
- Bedrooms: 1
Property History
Neighborhood
Environmental Risk
Nearby Home Values
- Presented by:
- Miriam Rogers
- Brokered by:
- Poppy Properties Llc
- (850) 637-6664
Also at 201 S Stillman St
