House for Sale
$500,000
3 bd · 3 ba · 2,285 sqft
Pensacola, FL 32507 · MLS# 685685 · Active · Westerly Heights
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!
School assignments are provided by the listing and should be independently verified.
Estimate only — actual rates, taxes and insurance vary. Not a loan offer or financial advice. Financing through Matthew Gromadzki, NMLS #2560919 · Innovative Mortgage Services, Inc., NMLS #250769.
208 Pinewood Ln, Pensacola, FL 32507 · See all Pensacola homes for sale
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208 Pinewood Ln is a single family home for sale in Pensacola, FL 32507. This property was listed for sale on July 10, 2026 by KELLER WILLIAMS REALTY GULF COAST, it's currently listed at $725,000. This listing's school district is Escambia - Fl Public Schools. Nearby schools include West Pensacola, WARRINGTON and Pensacola. 208 Pinewood Ln is a 2-bed, 2-bath, 2,914 sqft single family home built in 1947.