FL > Pensacola > Martinique On The Bayou
Pensacola, FL 32505,201 S Stillman St
Pensacola, FL 32505,201 S Stillman St
Pensacola, FL 32505,201 S Stillman St
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Katie Ragland

Katie Ragland

+1(256) 366-6974
Listed by Miriam Rogers • Poppy Properties LLC
$169,000
Est. payment /mo
1 Bed
1 Bath
500 SqFt
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Key Details

Property Type Condo

Sub Type Condo

Listing Status Active

Purchase Type For Sale

Square Footage 500 sqft

Price per Sqft $338

Subdivision Martinique On The Bayou

MLS Listing ID 668564

Style Contemporary

Bedrooms 1

Full Baths 1

HOA Fees $4,800/ann

HOA Y/N Yes

Year Built 2006

Lot Size 1.640 Acres

Acres 1.64

Property Sub-Type Condo

Source Pensacola MLS

Property Description

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 patio—with 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 you're 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 strategies—from long-term hold to resale of individual units. No zoning changes are needed to enjoy the condo's 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. Don't miss your chance to buy into one of Pensacola's most quietly successful waterfront investment opportunities available by the unit or as part of a premium rental portfolio.

Location

State FL

County Escambia - Fl

Zoning Commercial

Rooms

Dining Room Kitchen/Dining Combo

Kitchen Updated

Interior

Interior Features Storage, Ceiling Fan(s)

Heating Central, Wall/Window Unit(s)

Cooling Wall/Window Unit(s), Ceiling Fan(s)

Flooring Tile

Appliance Electric Water Heater, Disposal, Refrigerator

Exterior

Exterior Feature Dock

Parking Features Parking Lot

Pool None

Community Features Marina

Waterfront Description Bayou,Waterfront,Block/Seawall

View Y/N Yes

View Bayou, Water

Roof Type Shingle

Total Parking Spaces 1

Garage No

Building

Faces Turn right onto W Garden St/US-98 Bus W/FL-30 2.4 mi Turn left onto S Stillman St

Water Public

Structure Type Concrete,ICFs (Insulated Concrete Forms)

New Construction No

Others

HOA Fee Include Association,Maintenance Grounds,Insurance,Maintenance,Pest Control,Trash,Water/Sewer

Tax ID 000S009089103001

Security Features Smoke Detector(s)

Virtual Tour https://aevrealestatephotographypensacola.hd.pics/201-S-Stillman-St/idx

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agent

Katie Ragland

+1(256) 366-6974

Associate Broker in AL; Realtor® in FL | License ID: AL 152229-2 / FL 3575554

Associate Broker in AL; Realtor® in FL License ID: AL 152229-2 / FL 3575554

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