Homes For Sale On The Pensacola Bay

Waterfront Homes For Sale on the Pensacola Bay

The Pensacola Bay is one of the most well-known bodies of water in the South East. The Pensacola Bay borders Pensacola to the South and Gulf Breeze to the north. Since it covers large parts of both areas finding waterfront homes for sale on the Pensacola Bay isn't difficult normally. Due to its popularity with boating and water sports, it is a very sought after location to live. Selecting your waterfront home here depends on your budget and the community you want to live in. 

Waterfront Homes For Sale Near Pensacola, Florida

If buying one of the waterfront homes on Pensacola Bay isn't what you want, feel free to search all the waterfront homes for sale near Pensacola. There are also homes for sale on the Santa Rosa Sound, Bayous, Canals, or Beachfront homes. There are many waterfront home buying options from Perdido to Navarre Beach and back. 

Other areas that have waterfront homes for sale are:

Waterfront Real Estate Agents In Pensacola, Pensacola Beach, Navarre, Navarre Beach, Gulf Breeze, Florida

Would you like to schedule a showing of one of these waterfront homes, condos, or lots for sale in the Pensacola, FL area? Contact our Pensacola Waterfront Real Estate Agents at Manderson Realty Group Today to see them in person. We know waterfront property!

Call us today at (850) 393-8739

Pensacola MLS Real Estate Search

Or feel free to see what other homes are for sale in PensacolaPensacola BeachGulf BreezeNavarreNavarre Beach, or Perdido.

Newest Homes For Sale On The Pensacola Bay

$2,990,000
5 Beds 6 Baths 682984 MLS
Few homes capture waterfront living like this. Behind the gates of Baybridge Villas, a signature offering rises three stories above Pensacola Bay, a true waterfront estate where every decision, from the custom iron entry door to the open-air balconies spanning every level, was made with one thing in mind: the experience of being here. The water finds you the moment you walk in. Walls of impact-rated glass stretch eight feet high, pulling the bay inside across every level. By morning, the eastern terraces glow with sunrise over the water. Into the evening, the west-facing third-floor terrace frames sunsets over the Pensacola skyline unlike anything else on the coast. Inside, the home moves between warmth and drama effortlessly. A fireplace anchoring the living room. A chef's kitchen built around Thermador appliances, Brizo fixtures, and a statement island that anchors the space beneath soaring ceilings and panoramic water views. Every bedroom commands its own private bath. While a multitude of secondary kitchens and flexible living spaces create a level of versatility rarely found on the water. The primary suite delivers a true retreat with a dramatic spa bath, expansive walk-in shower, and separate soaking tub designed to complete the experience. From sunrises on the balcony to evenings on the water with your private slip just steps away, 28 Baybridge offers a level of waterfront living that simply cannot be replicated.

28 Baybridge Dr, Gulf Breeze

$2,970,000
591633 MLS
We are pleased to offer this exclusive waterfront residential land opportunity in Pensacola, FL. Located on the beautiful Bayou Garcon, the property features over 1,378 feet of unobstructed views and plenty of privacy. The property is located in one of the most sought-after beach communities of Pensacola, FL, Innerarity Heights and Perdido Key. The property consists of multiple parcels for a total of +/-19.57-acres. The seller is selling the site as a compilation of 6 total waterfront tracts, which are to be subdivided at closing. Tracts 1-5 are approximately +/-2.2-acre tracts. Tract 6 is approximately +/-8-acres and will be available for purchase after Tracts 1-5 have sold. Tracts 1-5 feature expansive views on the Bayou Garcon with approximately 133ft - 173ft of water frontage and deep water access. The tracts are roughly 220’ wide and 683-953’ deep. The property will not have an HOA; however, there are building restrictions required to be recorded at closing. Per Escambia County, the homes will need to be built on piling, and there is a mandatory wetland buffer setback requirement of 40 feet. All private and public utilities are available to the subject sites. The properties have proper zoning for single-family residential homes; +/-16.57-acres of the property is zoned "C-1", Commercial District, and +/- 3-acres of the site is zoned "SDD," Special Development District.The property features a shared access path to an existing dock that extends into the Bayou Garcon. The waterway, natural wetlands, and surrounding nature serve as the perfect natural amenities. The property is 4 minutes to the public beach at Perdido Key, 5 minutes to the back gate of Pensacola Naval Air Station, and is close to shopping, restaurants, and entertainment. Experience the luxury and beauty the Gulf Coast has to offer with this waterfront opportunity.

Mirella St, Pensacola

$2,399,000
3 Beds 4 Baths 684001 MLS
Did you know a private marina with 13 slips is being built in Muscogee Wharf?Now you can live in the best downtown gated waterfront neighborhood and have your boat essentially in your backyard. As you arrive, you will find the beautifully maintained landscaping and two separate garages: a spacious two-car garage and a single-car garage with a dedicated workshop area. Step inside and discover a three-level floor plan, connected by a staircase and private elevator access to every floor. The first level is ideal for guests, multigenerational living, or a private retreat. Featuring a spacious sitting room, a generously sized bedroom, and a full bathroom with a custom-tiled walk-in shower, this level could easily function as an in-law suite. The second floor serves as the heart of the home, where cathedral ceilings and walls of windows showcase spectacular water views while filling the home with natural light. The spacious living room features a tiled gas fireplace, multiple balcony access points, and an open-concept design. At the center of it all is the kitchen designed to impress. The oversized 9-foot T-shaped island can seat at least seven, making it the perfect gathering place for dinner parties. The kitchen is appointed with quartz countertops, KitchenAid stainless steel appliances, a gas range, custom cabinetry, and stunning bay views from nearly every angle. The waterfront primary suite offers incredible views of Pensacola Bay, a large walk-in closet with custom built-ins, and a spa-inspired bathroom complete with dual vanities, a water closet, and a custom-tiled walk-in shower. The second primary suite is equally impressive, providing privacy and comfort. The entire third floor is dedicated to a versatile loft and office space that could serve as a media room or a fitness area. A private balcony on this level offers some of the most spectacular views in the home, overlooking Pensacola Bay, the 3-Mile Bridge, and Pensacola Harbor.

8 Wharf Ave, Pensacola

$2,000,000
2 Beds 2 Baths 678019 MLS Admirals Row South BLDG.
Discover a new standard of waterfront refinement at Admirals Row, Pensacola’s most prestigious new address. One of only two fully completed and move-in-ready residences, this exceptional offering represents a rare opportunity to own within the city’s premier luxury development. Commanding the southernmost point of Palafox Street in the heart of downtown, this exquisitely appointed two-bedroom, two-bath residence captures uninterrupted panoramic views of Pensacola Bay, the Palafox Marina, and the iconic Blue Wahoos Stadium—an ever-changing backdrop of water, sky, and city lights. Crafted for the most discerning buyer, the interiors reflect timeless sophistication and superior construction. Soaring 10-foot ceilings and walls of glass bathe the residence in natural light, while solid concrete and steel construction provide enduring strength, privacy, and peace of mind. Every detail has been curated to deliver both elegance and performance. The chef’s kitchen is a statement in luxury, appointed with Sub-Zero refrigeration, a Wolf gas range and oven, a Cove dishwasher, and premium finishes that seamlessly blend design and functionality. Refined materials and impeccable craftsmanship elevate every space throughout the home. Residents enjoy the exclusivity of two premium gated parking spaces within the covered garage, along with a private, climate-controlled storage suite, an uncommon convenience in downtown waterfront living. Step beyond your door into a vibrant, walkable coastal lifestyle surrounded by award-winning dining, boutique shopping, the marina, and Pensacola’s most celebrated cultural and entertainment venues. Opportunities of this caliber are exceptionally rare. Secure your private showing today and claim your place at one of Pensacola’s most distinguished waterfront addresses.

800 S Palafox St Unit #301, Pensacola

$1,995,000
5 Beds 4 Baths 684324 MLS
Experience exceptional waterfront living in this expansive custom home designed to capture breathtaking bay views while offering incredible flexibility for multi-generational living, entertaining, and everyday comfort. With elevator access to all three levels, this thoughtfully designed residence combines luxury, convenience, and an unparalleled waterfront lifestyle. The split-bedroom floor plan creates a private retreat in the luxurious primary suite, complete with a cozy fireplace, spacious sitting room, and stunning views of the bay. The spa-inspired primary bath offers four walk-in closets, separate vanities, a jetted garden tub, oversized walk-in shower, and private water closet. A junior primary suite serves as the perfect retreat for guests, complete with a large bedroom, access to the covered deck, and a luxurious bath featuring double vanities, a jetted tub, and separate walk-in shower. Two additional guest bedrooms complete the main living area, including one with a private ensuite bath. Tucked away on the third floor, you'll find a cozy hideaway perfect for entertaining, relaxing, or enjoying a quiet evening, offering the charm and ambiance of a private speakeasy retreat. Perfect for multi-generational living, the lower-level guest suite offers a generously sized bedroom with a fireplace, ensuite bath, and covered patio access for added comfort and privacy. Entertain with ease in the dedicated media room featuring theater seating, an Epson projector, bar area, and wine cooler. Two additional flex rooms provide endless possibilities for a home office, fitness studio, hobby space, or additional guest accommodations. The waterfront amenities feature a private 150-foot dock extending into the bay, offering direct water access, the perfect place to enjoy sunsets, fishing, or boating adventures. Boaters will appreciate the additional canal-front boathouse with boat lift, and dual Jet Ski lifts for quick and easy access to the bay.

3112 Coquina Way, Gulf Breeze

$1,900,000
2 Beds 2 Baths 677998 MLS Admirals Row South BLDG.
OPEN HOUSE THIS SATURDAY 12-3PM...Discover a new standard of waterfront refinement at Admirals Row, Pensacola’s most prestigious new address. One of only two fully completed and move-in-ready residences, this exceptional offering represents a rare opportunity to own within the city’s premier luxury development. Commanding the southernmost point of Palafox Street in the heart of downtown, this exquisitely appointed two-bedroom, two-bath residence captures uninterrupted panoramic views of Pensacola Bay, the Palafox Marina, and the iconic Blue Wahoos Stadium—an ever-changing backdrop of water, sky, and city lights. Crafted for the most discerning buyer, the interiors reflect timeless sophistication and superior construction. Soaring 10-foot ceilings and walls of glass bathe the residence in natural light, while solid concrete and steel construction provide enduring strength, privacy, and peace of mind. Every detail has been curated to deliver both elegance and performance. The chef’s kitchen is a statement in luxury, appointed with Sub-Zero refrigeration, a Wolf gas range and oven, a Cove dishwasher, and premium finishes that seamlessly blend design and functionality. Refined materials and impeccable craftsmanship elevate every space throughout the home. Residents enjoy the exclusivity of two premium gated parking spaces within the covered garage, along with a private, climate-controlled storage suite, an uncommon convenience in downtown waterfront living. Step beyond your door into a vibrant, walkable coastal lifestyle surrounded by award-winning dining, boutique shopping, the marina, and Pensacola’s most celebrated cultural and entertainment venues. Opportunities of this caliber are exceptionally rare. Secure your private showing today and claim your place at one of Pensacola’s most distinguished waterfront addresses.

800 S Palafox St Unit #201, Pensacola

$1,750,000
4 Beds 5 Baths 686940 MLS
Situated on approximately one acre with 270± feet of Perdido Bay frontage, this gated waterfront home offers beautiful views, generous living space, and a private setting on Innerarity Point. With over 5,800 square feet, the home features 5 bedrooms, 4.5 bathrooms, multiple living areas, an office with custom built-ins, and a game room. Large windows throughout fill the home with natural light while showcasing the bay. The kitchen features granite countertops, a Thermador gas range with grill, Bosch double ovens, custom cabinetry, pantry, breakfast area, and a dry bar with wine cooler. The main-level primary suite overlooks the water and includes a sitting area, spacious walk-in closet, and private bath. A heated and cooled sunroom with a wood burning fireplace and sliding glass doors creates additional year-round living space while connecting seamlessly to the outdoor entertaining areas. Upstairs you'll find additional bedroom suites, a second living area, game room, and balcony overlooking the property. Outside, enjoy a heated saltwater pool, multiple patios and an expansive lawn leading to the bay. The private pier includes two boat lifts (18,000-lb and 6,000-lb) along with an elevated sunset deck, making it easy to enjoy life on the water. Additional features include a 3-car garage, natural gas generator, central vacuum, storm shutters, hardwood flooring, and ample storage. Listed at appraised value, this property offers an exceptional opportunity to own a waterfront home in one of Innerarity Point's most desirable locations, just minutes from Perdido Key beaches, marinas, dining, and shopping.

15000 Innerarity Pt Rd, Pensacola

$1,499,000
4 Beds 3 Baths 680600 MLS
Waterfront Wonderland on Perdido Bay – with Dolphins, Fishing & Crabbing! Wake up to sparkling sunrises over Perdido Bay and let the soothing sounds of the water set the tone for your day. This gorgeous Mediterranean-inspired home isn’t just a house—it’s a front-row seat to paradise, complete with daily dolphin sightings and endless fun right from your backyard! Step inside and fall in love with the warm, inviting vibe. The first floor is decked out with authentic Mexican Saltillo tile that adds a splash of charm, while an open-concept layout keeps the kitchen, dining, and living spaces flowing effortlessly together. Picture cozy evenings by the fireplace, mornings with coffee in the sunroom, and every meal served with a side of breathtaking bay views.Head upstairs to your dreamy master retreat, where a fireplace, spa-worthy bath with Jacuzzi tub, and panoramic water views make every day feel like a vacation. And when it’s time to play. Step outside to the newly built Catwalk dock—perfect for fishing, crabbing, or simply watching the dolphins put on a show as the sunsets.This home also comes packed with perks: a whole-home generator (hello, peace of mind!), an artist’s studio that can double as an office or 5th bedroom, a cedar closet, laundry chute, tankless water heater, and more. All this, wrapped up with modern amenities, timeless design, and a $10,000 flex-credit to make it your own. Don’t just live by the bay—live the bay life with dolphins, fishing, crabbing, and pure coastal bliss. Buyer to verify all information during due diligence.

5460 N Shore Rd, Pensacola

$1,298,000
4 Beds 4 Baths 679999 MLS
Step into a rare kind of waterfront living—Shared boardwalk and pier and breathtaking Pensacola Bay views showcased from multiple vantage points. The pictures don't do it justice; come see it! Tucked inside the prestigious gated community of Country Club Place along Pensacola Bay, this exceptional residence offers one of only four coveted waterfront homes, blending luxury, privacy, and peace of mind. Perched on a solid 50-piling foundation, the home is designed for both beauty and durability, with sweeping, unobstructed water views. Here, you can fully embrace the waterfront lifestyle—morning coffee overlooking the Bay, sunset reflections filling your living spaces—without the typical maintenance concerns. Flood insurance is NOT even required by a lender here. The seawall and waterfront access are thoughtfully managed through the HOA, allowing you to enjoy it all without the hands-on responsibility. Spanning over 4,000 square feet, the home offers 3 bedrooms plus a flexible office (easily converted to a fourth bedroom), along with 3.5 bathrooms. Two luxurious primary suites—each with expansive windows framing serene water views. Upstairs, accessible by both stairs and elevator, the primary suite is a private sanctuary featuring a spa-like bath with dual vanities, a jetted soaking tub, separate shower with dual showerheads, and a custom walk-in closet. Guests are treated to their own dedicated level, complete with a full kitchen and second living area—perfect for extended stays or multi-generational living. On the main floor, an additional bedroom offers accessibility features including a roll-in shower and handicap-accessible sink, ensuring comfort for all. Impact-rated doors and windows along the Bay provide added protection, while a 2021 roof replacement adds further peace of mind. Beyond the home, residents enjoy exclusive access to a shared dock, scenic boardwalk, and launch area for kayaks and paddleboards—creating a true lock-and-leave waterfront living

1606 Waters Edge, Pensacola

$1,294,000
4 Beds 3 Baths 680826 MLS
Photos DO NOT do this home justice! MUST SEE! Set high along the gorgeous shoreline of East Bay, this extraordinary waterfront residence offers a rare opportunity to own a home where history, thoughtful design, & modern coastal living converge. Positioned on .82 acres with 102 feet of direct bay frontage, the property captures sweeping water views, gentle breezes, privacy & elevation rarely found. Located along this tree-lined street, a canopy of live oaks creates a tunnel-like drive as you enter this one-of-a-kind home. The home has been extensively updated with fresh paint throughout (even ceilings), refinished hardwood floors, new interior doors, hardware, custom artisan door, some new windows and even a cozy dream nook upstairs! The main living space features panoramic East Bay views, a gas fireplace, custom built-ins, & a ceiling of historic cedar salvaged from the 1930s Pensacola Library. The new kitchen includes quartz countertops, farmhouse sink, new backsplash, custom cabinetry, & premium Bosch appliances. The main-level primary suite offers water views, deck access, custom closet, & updated bath with rain shower. An additional bedroom with walk in closet, bath, walk-in pantry, & flex/laundry space complete the main floor. Upstairs has two bedrooms with water views, preserved character, & a fully updated bath. Outside, enjoy a gently sloping lawn, firepit patio, newer seawall, & thru-flow dock with platform & freshwater plumbing. Winding gardens compliment this oasis with native fruits, flowers and herbs; even an outdoor shower, & room for a pool. This cinder block building with marine grade wood outside, new roof & elevation (requiring NO flood insurance), offers peace of mind & protection from nature. A home warranty covers the rest. Convenient to amenities, the beautiful Gulf beaches & top-rated Santa Rosa County Schools. Blending history, design, and waterfront living into a one-of-a-kind offering; this is HOME.

4536 Hickory Shores Blvd, Gulf Breeze

$1,175,000
4 Beds 3 Baths 685673 MLS
Motivated seller due to job transfer. Bring offer. Waterfront living with a pool at 4736 Hickory Shores, a waterfront East Bay retreat where open water views, a spacious 0.73-acre lot with no HOA and where flood insurance is not required, come together in one unforgettable setting. From the backyard, you can watch the Blue Angels perform overhead, spot dolphins and fish in the bay, relax by the gunite pool, or launch your boat or jet ski from your private dock for an easy day on the water, whether you are heading toward the beach, cruising the bay, or making your way offshore. This 4 bedroom, 3 bathroom custom home offers 2,452 square feet of coastal living designed for comfort, entertaining, and everyday escape. Significant updates and renovations have been completed from top to bottom, blending peace of mind with a relaxed, move-in-ready feel. Inside, the home is bright, open, and full of character, featuring wood-look tile and hardwood flooring, a living room with fireplace and walls of windows overlooking the pool and bay, a formal dining area, breakfast nook, and an updated kitchen with bold coastal cabinetry, subway tile, breakfast bar, and water views from nearly every angle. The private bedroom layout includes a spacious primary suite with its own waterfront balcony, soaking tub, walk-in shower with bench, and double vanity. Outdoor living is the headline, with a covered patio and grilling area with Blackstone grill, hot tub, open in-ground pool, wide backyard, private dock, boat lift, and jet ski lift. Furnishings may also be negotiable, with all or select items available by request. Located approximately 10 minutes from Pensacola Beach or Navarre Beach, this home is an exceptional option for a full-time residence, luxury getaway, or investment opportunity. Waterfront homes with this much land, this setting, and this level of lifestyle appeal are hard to find.

4736 Hickory Shores Blvd, Gulf Breeze

$1,149,999
4 Beds 2 Baths 686789 MLS
An extraordinary waterfront retreat awaits at 12480 Lillian Highway, where refined design, private shoreline access, and exceptional versatility come together in one breathtaking Pensacola residence. Thoughtfully expanded to provide additional living space, this remarkable home has been transformed with a brand-new designer kitchen that serves as the heart of the property. Beautifully appointed and created for both everyday living and effortless entertaining, the kitchen brings a fresh sense of luxury to an already impressive waterfront setting. Step outside and experience the lifestyle that makes this property truly exceptional. A private dock and boathouse offer direct access to the water, creating the perfect setting for boating, fishing, paddleboarding, or simply enjoying peaceful sunsets from your own backyard. Even more impressive, the home is situated in an area where flood insurance is not currently required, offering a rare advantage for waterfront ownership. Inside, the residence provides spaces designed for both energy and tranquility. A dedicated workout room makes wellness convenient, while a private meditation room offers a quiet sanctuary for reflection and relaxation. The added square footage allows the home to live generously, with flexible spaces that can adapt to a variety of lifestyles. A detached workshop further enhances the property, providing valuable space for hobbies, storage, creative pursuits, or future customization. Every element of this home has been designed to elevate daily living while embracing the beauty and serenity of its waterfront surroundings. Private, sophisticated, and truly one of a kind, 12480 Lillian Highway offers more than a home—it offers an exceptional coastal lifestyle where luxury, recreation, and peaceful waterfront living exist in perfect harmony.

12480 Lillian Hwy, Pensacola

$1,117,000
4 Beds 5 Baths 670733 MLS
Experience the best of Pensacola waterfront living at 1522 Whitecaps. This elevated coastal retreat combines modern luxury with storm-resistant construction, making it an ideal choice for both full-time residents and investors searching for a premier Florida coastal real estate investment. Built for safety and peace of mind, this home features three additional feet of elevation, impact-rated windows, and a ground-level elevation three feet above the sea level. Located in the X-flood zone, it offers excellent hurricane resistance and reduced insurance concerns. Inside, you’ll find thoughtful details, including a four-car garage and a dedicated dog-wash station, making this property as practical as it is beautiful. Outdoors, enjoy a shared gated community dock, easy water access for fishing, paddle boarding, and kayaking, plus 2 balconies designed for grilling and entertaining. Both with a view of the water! The location is unmatched. You can walk to golf and tennis, and the prestigious Pensacola Country Club—recognized as one of the top private clubs in Northwest Florida—is right down the street. From championship golf to fine dining, this club offers everything you need to elevate your lifestyle. Whether you’re looking for a primary residence, a vacation home near Pensacola Country Club, or a high-value investment property on the Florida Gulf Coast, 1522 Whitecaps is a rare opportunity. With its hurricane-resistant design, luxury upgraded appliances (subzero and wolf), premium Pensacola location, and waterfront lifestyle amenities, this property delivers everything coastal living should be. The roof system was built to carry a live load and there is room for stairs, a possible roof terrace! You cannot build a home at this price! Come see it today!!!

1522 White Caps Ln, Pensacola

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