Opportunity is knocking in Pensacola’s Beach Haven area. This 2-bedroom, 1-bath cottage offers a compact footprint with meaningful updates already completed, making it a smart option for buyers looking for a renovation project, rental opportunity, or affordable entry point into the market. Major improvements include a roof from October 2020, septic-to-sewer conversion in February 2022, updated plumbing in 2026, water heater 2020 and updated electrical in 2026. The home is being sold as-is and does not currently have a permanent heating or cooling system, giving the next owner room to finish the property to their needs and vision. Set on a 0.17 lot, and includes the adjoining lot, in Flood Zone X, this property offers flexibility in a convenient west Pensacola location near NAS Pensacola, Bayou Chico, Downtown Pensacola, and Perdido Key. Bring your contractor, your ideas, and your plans. This is a rare chance to create value at an attainable price point.
For sale
Price cut: $5K (9/28)
$75,000
1040 Wayne Ave, Perdido Key, FL 32507
2beds
656sqft
Single Family Residence
Built in 1958
7,248 Square Feet Lot
$-- Zestimate®
$114/sqft
$-- HOA
What's special
Updated plumbingIncludes the adjoining lotUpdated electrical
- 62 days
- 1,889
- 143
Zillow last checked:
Listing updated:
Listed by:
Wayne Peacock 850-706-4972,
Levin Rinke Realty
Source: PAR,MLS#: 686655
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Heating
- Wall/Window Unit(s)
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Electric Water Heater, Refrigerator
Features
- Flooring: Vinyl, Carpet
- Has basement: No
Interior area
- Total structure area: 656
- Total interior livable area: 656 sqft
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Pool features: None
- Fencing: Chain Link
Lot
- Size: 7,248 Square Feet
- Features: Central Access
Details
- Parcel number: 352s311000003147
- Zoning description: Mixed Residential Subdiv,Res Single
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Off Grade
- Roof: Shingle
Condition
- Resale
- New construction: No
- Year built: 1958
Utilities & green energy
- Electric: Copper Wiring
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: No Energy Features
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
- Services included: None
Location
- Region: Perdido Key
Financial & listing details
- Price per square foot: $114/sqft
- Tax assessed value: $64,595
- Annual tax amount: $845
- Price range: $75K - $75K
- Date on market: 7/29/2026
- Cumulative days on market: 62 days
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/28/2026 | Listed for sale | $75,000-6.2%$114/sqft |
Source:  PAR #686655 Report a problem | ||
| 9/18/2026 | Contingent | $79,995$122/sqft |
Source: PAR #686655 Report a problem | ||
| 9/10/2026 | Price change | $79,995-4.8%$122/sqft |
Source: PAR #686655 Report a problem | ||
| 8/24/2026 | Listed for sale | $84,000$128/sqft |
Source: PAR #686655 Report a problem | ||
| 8/19/2026 | Contingent | $84,000$128/sqft |
Source: PAR #686655 Report a problem | ||
| 8/14/2026 | Price change | $84,000-10.6%$128/sqft |
Source: PAR #686655 Report a problem | ||
| 7/29/2026 | Listed for sale | $94,000$143/sqft |
Source: PAR #686655 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $845 +4.3% | $64,595 +6% |
| 2023 | $810 +12.7% | $60,943 +25.6% |
| 2022 | $718 +10.3% | $48,504 +26.6% |
| 2021 | $651 +9.9% | $38,302 +11.7% |
| 2020 | $593 +0.7% | $34,303 +1.7% |
| 2019 | $588 | $33,717 +6.2% |
| 2018 | $588 +3.2% | $31,743 +7.5% |
| 2017 | $570 +4% | $29,522 +3.5% |
| 2016 | $548 +1.3% | $28,532 +4.3% |
| 2015 | $541 | $27,355 +0% |
| 2014 | $541 | $27,347 +8.2% |
| 2013 | -- | $25,272 |
| 2012 | -- | $25,272 -5.3% |
| 2011 | -- | $26,692 -4.7% |
| 2010 | -- | $28,005 -3.5% |
| 2009 | -- | $29,014 -5.3% |
| 2008 | -- | $30,631 -7% |
| 2007 | -- | $32,920 -5% |
| 2006 | -- | $34,660 +21.5% |
| 2005 | -- | $28,520 +2.5% |
| 2004 | -- | $27,820 +8.7% |
| 2003 | -- | $25,600 +2.9% |
| 2002 | -- | $24,890 |
| 2001 | -- | $24,890 +13.3% |
| 2000 | -- | $21,960 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Warrington
Nearby schools
Schools provided by the listing agent
- Elementary: West Pensacola
- Middle: BAILEY
- High: Escambia
Source: PAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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