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$550,000

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 1,116 Sq. Ft.
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COME HOME TO BREATHTAKING, PANORAMIC VIEWS OVERLOOKING OLE RIVER AND ONO ISLAND FROM THIS 5TH FLOOR 2BR/2BA RIVERSIDE CONDO AT SHIPWATCH! ENJOY EASY BEACH ACCESS DIRECTLY ACROSS THE STREET ALONG WITH FULL BOATING FACILITIES....This FURNISHED residence features low-maintenance porcelain tile flooring throughout and warm, inviting barnwood accents. Relax and enjoy the boats go by from your extra-large balcony with over 230 sf. of outdoor living space. The spacious living room features a corner fireplace and those who love to cook will appreciate the open concept kitchen with spacious island, natural wood cabinetry, stainless appliances, granite countertops, and eat-in-bar. The primary bedroom, with en-suite bath, has a large walk-in closet and easy access to the riverside balcony. New HVAC System installed 2023/2024 and freshly painted in 2024! Shipwatch owners enjoy the best of both worlds with uncrowded beaches PLUS boat launch, boat storage and first-come, first-serve boat slips on the deep waters of Ole River. You also have plenty of room to store your beach, pool and boating supplies with two owner storage closets. Shipwatch has one of the strongest Homeowner Associations on the island and has excellent on-site management and maintenance staff. Other great amenities include two pools (Gulf and Riverfront), two clubhouses (Gulf and Riverfront - great for family gatherings), tennis courts, 2 brand new pickleball courts, fitness room, sauna, and indoor hot tub. RELAX AND WELCOME HOME TO LAID-BACK ISLAND LIFE! Buyer to verify all information during due diligence.

Full Property Details for 16787 Perdido Key Dr #E-504

General

  • Price: $550,000
  • HOA FEE: $927/month
  • Taxes: $5,971
  • Status: Active
  • Type: Condo
  • Source: 934
  • MLS ID: 375342
  • Updated: 11/19/2025
  • Added to Site: 315 day(s) ago

Interior

  • Interior Features: Breakfast Bar, Sauna/Steam Shower
  • Fireplace: Yes
  • Fireplace(s): Inoperable
  • Appliances: Dishwasher, Disposal, Microwave, Electric Range, Refrigerator
  • Furnished: Yes
  • Furnishings: Furnished
  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2
  • Primary Bedroom: Walk-In Closet(s), 12 x 16.6, Main, 199.2 Sq. Ft.
  • Bedroom 2: 11 x 12, Main, 132 Sq. Ft.

Other Rooms

  • Kitchen: 11 x 11, Main, 121 Sq. Ft.
  • Dining Room: Lvg/Dng Combo

Additional Information

  • Shared Amenities: BBQ Area, Clubhouse, Fitness Center, Fishing, Gazebo, On-Site Management, Pool - Outdoor, Steam/Sauna, Tennis Court(s)
  • Pool: Yes
  • Pool Description: Community

Parking

  • Parking Features: Parking Lot

Location

  • Area: Perdido Key
  • County: Escambia, FL
  • Subdivision: Shipwatch
  • Driving Directions: 1/4 mile east of AL/FL state line in Florida on Perdido Key Drive. On ICW-side.

School Information

  • Elementary School: Not Baldwin County
  • Middle School: Not Baldwin County
  • High School: Not Baldwin County

Community

  • Association: Yes
  • Assoc. Fees Include: Association Management, Cable TV, Common Area Insurance, Maintenance Grounds, Pest Control, Recreational Facilities, Trash, Water/Sewer, Internet
  • Units Assoc/Comm: 32
  • Pets Allowed: Yes

Heating & Cooling

  • Cooling Type: Ceiling Fan(s)
  • Heating Type: Electric

Structural Information

  • Property Detached: Yes
  • Structure Type: Condo
  • Exterior Const.: Stucco, Block
  • Roof: Built-Up
  • Entry Floor Number: 5
  • Stories/Levels: 1
  • Building Size: 1116
  • Square Feet: 1,116
  • Sq. Ft. Source: Assessor
  • Year Built: 1984
  • Property Condition: Resale

Lot Features

  • Property View: Direct ICW Front
  • Lot Size (Acres): 10.0422
  • Lot Size (Sq. Ft.): 437,438.232
  • Lot Features: Waterfront
  • Zoning: 2+ Family Residence

Water Features

  • Water Front: Yes
  • Water Front Name: Intracoastal Waterway
  • Water Front View: ICW Front - Building

Financial Considerations

  • Association Fee: $927
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $5,971

Disclosures and Reports

  • Ownership: Condominium
  • Legal Description: UNIT E-504 SHIPWATCH SURF & YACHT CLUB CONDOMINIUM PHASE 3 ALSO 1/126 INT IN COMMON ELEMENTS OR 9025 P 94
  • Property ID: 014S331100504005

Listed by Levin Rinke Realty

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Listing agent

— 16787 Perdido Key Dr #E-504 —

  • Levin Rinke Realty

PHONE: 850-712-4631

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 16787 Perdido Key Dr #E-504

School District:Escambia County School District, Cantonment, FL
NameGradesDistance
Hellen Caro Elementary School
12551 Meadson Road, Pensacola, FL 32506
K-57.2 mi
Jim C. Bailey Middle School
4110 Bauer Road, Pensacola, FL 32506
6-87.4 mi
Escambia High School
1310 North 65th Avenue, Pensacola, FL 32506
9-1215.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 16787 Perdido Key Dr #E-504 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/19/2025
Price Reduced
$550,000
-2.65%
MLS
3/07/2025
Listed
$565,000
12.19%
MLS
8/15/2023
Sold
$503,600
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 16787 Perdido Key Dr #E-504

Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,971
—
$474,300
5%
2024
$5,971
9%
$451,980
20%
2023
$5,500
10%
$375,570
-7%
2022
$5,018
70%
$401,760
97%
2021
$2,953
—
$204,228
-40%
2021
$2,953
-21%
$340,380
17%
2018
$3,755
19%
$290,160
37%
2017
$3,163
2%
$212,000
3%
2016
$3,113
-22%
$205,000
-20%
2019
$3,987
30%
$256,520
25%
2015
$3,077
15%
$205,000
14%
2014
$2,667
-5%
$179,305
—
2013
$2,814
—
$178,856
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Levin Rinke Realty

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16787 Perdido Key Drive #E-504, Pensacola, FL 32507 (MLS# 375342) is a Condo property with 2 bedrooms and 2 full bathrooms. 16787 Perdido Key Drive #E-504 is currently listed for $550,000 and was received on March 07, 2025. Want to learn more about 16787 Perdido Key Drive #E-504? Do you have questions about finding other Condo real estate for sale in Pensacola? You can browse all Pensacola real estate or contact a Coldwell Banker agent to request more information.

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