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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!

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

General

  • Price: $550,000
  • HOA FEE: $11,963
  • Status: Active
  • Type: Condo
  • Source: Pensacola
  • MLS ID: 660326
  • Updated: 11/19/2025
  • Added to Site: 315 day(s) ago

Interior

  • Interior Features: Baseboards, Ceiling Fan(s), High Speed Internet
  • Appliances: Electric Water Heater, Dryer, Washer, Built In Microwave, Dishwasher, Disposal, Refrigerator
  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Primary Bathroom: Tile

Bedrooms

  • Total Bedrooms: 2
  • Primary Bedroom: Ceiling Fan(s), Walk-In Closet(s)
  • Bedroom 1: 11 x 12, First Level, 132 Sq. Ft.

Other Rooms

  • Kitchen: Not Updated, Pantry, 11 x 11, First Level, 121 Sq. Ft.
  • Dining Room: Breakfast Bar, Living/Dining Combo
  • Laundry: W/D Hookups

Additional Information

  • Shared Amenities: Beach, Pool, Community Room, Dock, Elevator, Fitness Center, Fishing, Handball Court, Pavilion/Gazebo, Pier, Steam Room, Tennis Court(s), Waterfront Deed Access
  • Shared Pool: Yes
  • Pool: Yes
  • Pool Description: In Ground
  • Tennis: Yes
  • Security/Safety: Smoke Detector(s)

Exterior

  • Exterior Features: Balcony, Dock, Boat Slip

Parking

  • Parking Features: Parking Lot, RV/Boat Parking

Location

  • County: Escambia - Fl
  • Subdivision: Shipwatch Surf & Yacht Club
  • Building Name: Shipwatch Surf & Yacht Club
  • Driving Directions: 1/4 mile east of AL/FL state line in Florida on Perdido Key Drive, on ICW-side.

School Information

  • Elementary School: Hellen Caro
  • Middle School: BAILEY
  • High School: Escambia

Community

  • Association: Yes
  • Pets Allowed: Yes

Heating & Cooling

  • Cooling Type: Central Air, Ceiling Fan(s)
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Contemporary
  • Construction: Concrete
  • Roof: Built-Up
  • Square Feet: 1,116
  • Year Built: 1984
  • Property Condition: Resale

Lot Features

  • Lot Size (Acres): 10.0422
  • Road Maintenance: County Maintained Road
  • Zoning: County, Res Multi

Water Features

  • Water Front: Yes
  • Water Front Desc.: Intracoastal Waterway, Waterfront, Beach Access, Boat Launch, Natural, Pier
  • Boat Dock Slip: Yes
  • Beach Front: Yes

Financial Considerations

  • Price Per Sq. Ft.: $492.83
  • Association Fee: $11,963

Disclosures and Reports

  • Restrictions: Yes
  • Property ID: 014S331100504005

Listed by Levin Rinke Realty

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— 16787 Perdido Key Dr #E-504 —

  • Levin Rinke Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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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.

Estimate the Cost for 16787 Perdido Key Dr #E-504

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Levin Rinke Realty

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16787 Perdido Key Dr #E-504, Perdido Key, FL 32507 (MLS# 660326) is a Condo property with 2 bedrooms and 2 full bathrooms. 16787 Perdido Key Dr #E-504 is currently listed for $550,000 and was received on March 07, 2025. Want to learn more about 16787 Perdido Key Dr #E-504? Do you have questions about finding other Condo real estate for sale in Perdido Key? You can browse all Perdido Key real estate or contact a Coldwell Banker agent to request more information.

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