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$4,300,000
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Property Description
29-Unit Condo Portfolio | Martinique on the Bayou, Pensacola, FL RARE INCOME PRODUCING $269,200 Net Income per year- 29-UNIT WATERFRONT CONDO 29 turnkey condominium units within Martinique on the Bayou, an established waterfront community overlooking Bayou Chico and just minutes from vibrant Downtown Pensacola. This large-scale offering provides an exceptional opportunity for immediate rental income, value-add potential, or long-term portfolio expansion in one of the Gulf Coast's fastest-growing markets. Charming, one-bedroom residences with open layouts, modern finishes, and private balconies overlooking the marina and bayou in many units. Built in 2006, the community blends coastal living with in-town convenience, providing residents with quick access to Pensacola's beaches, entertainment districts, and major employment corridors.This 29-unit package provides investors the flexibility to maintain long-term tenants, reposition the property as a boutique waterfront rental community, or execute a gradual sell-off strategy. Very rarely does a portfolio of this size, location, and stability become available within a high-demand Pensacola waterfront setting. Portfolio Highlights"¢ 29 total condo units offered as a single package sale"¢ Waterfront community overlooking Bayou Chico with marina views"¢ 2006 construction, modern concrete-block structure"¢ One-bedroom units-high occupancy & strong rental demand"¢ Several units feature private balconies with water views"¢ Minutes to downtown Pensacola, Pensacola Beach, NAS Pensacola, shopping & restaurants"¢ Established Condo Association (Martinique on the Bayou Condominium Association, Inc.)Financials, Rent Roll and Unit mix available upon request. Buyer/agent to verify all information. Buyer to verify all information during due diligence.
Full Property Details
Full Property Details for 201 S Stillman Rd
General
- Price: $4,300,000
- Status: Active
- Type: Single Family
- Source: 934
- MLS ID: 388997
- Updated: 12/20/2025
- Added to Site: 35 day(s) ago
Rooms
Other Rooms
- Kitchen: Full Kitchen
Parking
- Parking Features: See Remarks
Location
- Area: Escambia County FL
- County: Escambia, FL
- Subdivision: FL
- Driving Directions: Take exit 10A toward Pensacola Blvd/Pensacola onto US-29 S (Pensacola Blvd). Go for 1.3 mi. Turn right onto N W St (CR-453). Go for 5.3 mi. Turn right onto W Navy Blvd (US-98). Go for 0.3 mi. Turn left onto S Stillman St. Go for 0.1 mi. End at 201 S Stillman St Pensacola, Florida 32505-8038
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air
Utilities
- Utility Description: See Remarks
Structural Information
- # Buildings: 1
- Exterior Const.: P-I-P Reinforced Concrete
- Building Size: 761
- Square Feet: 761
- Sq. Ft. Source: Assessor
- Year Built: 2006
- Property Condition: Resale
Lot Features
- Lot Size (Acres): 1.64
- Lot Size (Sq. Ft.): 71,438.4
- Frontage Feet: Stillman
- Lot Features: See Remarks
- Zoning: Other-See Remarks
Water Features
- Water Front: Yes
Disclosures and Reports
- Legal Description: UNIT 102 MARTINIQUE ON THE BAYOU CONDOMINIUM ALSO 1/64 INT IN COMMON ELEMENTS OR 8866 P 1870 OR 8883 P 791 OR 9059 P 320 OR 9059 P 322
- Property ID: 153862554
Listed by RE/MAX of Orange Beach
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Schools
Schools serving 201 S Stillman Rd
School District:Escambia County School District, Cantonment, FL
| Name | Grades | Distance |
|---|---|---|
Warrington Elementary School 220 North Navy Boulevard, Pensacola, FL 32507 | PK-5 | 1.8 mi |
Warrington Middle School 450 South Old Corry Field Road, Pensacola, FL 32507 | 6-8 | 1 mi |
Pensacola High School 500 West Maxwell Street, Pensacola, FL 32501 | 9-12 | 2.6 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 201 S Stillman Rd
Date
Details
Price
Change
Source
12/12/2025
Listed
$4,300,000
—
MLS
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
Tax History for 201 S Stillman Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,825
—
$115,200
7%
2024
$1,825
8%
$107,448
10%
2023
$1,683
14%
$97,680
16%
2021
$1,473
-3%
$84,000
-5%
2022
$1,517
3%
$88,800
19%
2021
$1,473
72%
$74,400
95%
2019
$857
8%
$38,066
-39%
2018
$794
36%
$62,640
87%
2017
$584
4%
$33,500
—
2016
$560
15%
$33,500
29%
2015
$485
10%
$26,000
7%
2014
$440
-4%
$24,257
1%
2013
$458
—
$23,962
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 201 S Stillman Rd
201 S Stillman Road, Pensacola, FL 32505 (MLS# 388997) is a Single Family property with 0 bedrooms and 0 full bathrooms. 201 S Stillman Road is currently listed for $4,300,000 and was received on December 12, 2025. Want to learn more about 201 S Stillman Road? Do you have questions about finding other Single Family real estate for sale in Pensacola? You can browse all Pensacola real estate or contact a Coldwell Banker agent to request more information.

