**SELLER TO OFFER $20,000 CREDIT for furniture/decorating costs with acceptable offer** Tucked away in the private, gated enclave of Russell Bayou on Innerarity Island, this waterfront retreat in Perdido Key offers the ultimate blend of peace, privacy, and luxury coastal living. With 4 bedrooms, 3.5 baths, and just under 3,200 square feet, this beautifully updated home was designed to embrace the water views from nearly every angle. Inside, you'll find a freshly painted interior, luxury vinyl plank flooring, custom railings, and an upgraded kitchen with modern finishes and style. New windows allow natural light to pour in while showcasing breathtaking sunsets over the bayou. Step outside and you'll discover what truly sets this home apart. A deep-water pier and boathouse make it a boater’s dream, while the inground pool and hot tub offer the perfect place to relax or entertain. The backyard feels like your own private resort with lush new landscaping, a custom gate, and an enhanced outdoor sound system ready to set the vibe for every gathering. Whether you're hosting a crowd or enjoying a quiet evening by the water, the setting is unforgettable. Located in a gated community and in one of the area’s cherished waterfront neighborhoods, this home is great for those who crave serenity without sacrificing convenience. Enjoy quick access to local dining, shopping, and entertainment, all while coming home to one of the most scenic and peaceful spots on the Gulf Coast. This is more than a home—it’s a lifestyle. Buyer to verify all information during due diligence.
Closed
$1,400,000
16338 Tarpon Dr, Perdido Key, FL 32507
4beds
3,196sqft
Residential
Built in 2007
0.32 Acres Lot
$1,401,400 Zestimate®
$438/sqft
$4,786 Estimated rent
Home value
$1,401,400
$1.26M - $1.56M
$4,786/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Heather Loper & Associates 251-504-1171,
Keller Williams AGC Realty - Orange Beach
Bought with:
Non Member
Source: Baldwin Realtors,MLS#: 380273
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Primary bedroom
- Features: Sitting Area, Walk-In Closet(s)
Primary bathroom
- Features: Double Vanity, Jetted Tub, Separate Shower
Dining room
- Features: Breakfast Room, Dining/Kitchen Combo
Heating
- Electric, Central, Heat Pump
Cooling
- Electric, Heat Pump, Ceiling Fan(s)
Appliances
- Included: Dishwasher, Disposal, Microwave, Gas Range, Refrigerator w/Ice Maker, Gas Water Heater
Features
- Breakfast Bar, Eat-in Kitchen, Ceiling Fan(s), En-Suite, High Ceilings, High Speed Internet
- Flooring: Tile, Luxury Vinyl Plank
- Windows: Double Pane Windows
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Living Room
Interior area
- Total structure area: 3,196
- Total interior livable area: 3,196 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached, Garage, Garage Door Opener
- Has garage: Yes
- Covered spaces: 2
Features
- Levels: Two
- Patio & porch: Covered, Porch, Patio
- Exterior features: Irrigation Sprinkler
- Pool features: Community
- Has spa: Yes
- Spa features: Heated
- Fencing: Fenced
- Has view: Yes
- View description: Bay, Direct ICW Front, Direct Bayou Front
- Has water view: Yes
- Water view: Bay,Direct ICW Front,Direct Bayou Front
- Waterfront features: Bay Front - Building, Bayou Front - Building, Lagoon Front - Building, Waterfront
- Body of water: Intracoastal Waterway
Lot
- Size: 0.32 Acres
- Dimensions: 61' x 210'
- Features: Less than 1 acre, Cul-De-Sac
Details
- Additional structures: Guest House
- Parcel number: 153S323000080008
- Zoning description: Single Family Residence
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Residential
Materials
- Stucco, Frame
- Roof: Metal
Condition
- Resale
- New construction: No
- Year built: 2007
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Underground Utilities, Cable Connected
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Community
- Community features: Fishing, Pool, Tennis Court(s), Gated
Location
- Region: Perdido Key
- Subdivision: Russell Bayou
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $825 annually
- Services included: Association Management, Insurance, Maintenance Grounds, Recreational Facilities, Taxes-Common Area
Other
Other facts
- Price range: $1.4M - $1.4M
- Ownership: Whole/Full
Price history
| Date | Event | Price |
|---|---|---|
| 10/21/2025 | Sold | $1,400,000-10.7%$438/sqft |
Source:  Baldwin Realtors #380273 Report a problem | ||
| 10/7/2025 | Pending sale | $1,567,500$490/sqft |
Source: Baldwin Realtors #380273 Report a problem | ||
| 9/12/2025 | Price change | $1,567,500-0.2%$490/sqft |
Source: Baldwin Realtors #380273 Report a problem | ||
| 7/31/2025 | Price change | $1,570,000-0.6%$491/sqft |
Source: Baldwin Realtors #380273 Report a problem | ||
| 7/10/2025 | Price change | $1,580,000-0.9%$494/sqft |
Source: Baldwin Realtors #380273 Report a problem | ||
| 6/12/2025 | Listed for sale | $1,595,000-5.9%$499/sqft |
Source: Baldwin Realtors #380273 Report a problem | ||
| 8/7/2024 | Listing removed | $1,695,000$530/sqft |
Source:  PAR #637946 Report a problem | ||
| 5/30/2024 | Price change | $1,695,000-3.1%$530/sqft |
Source: PAR #637946 Report a problem | ||
| 2/13/2024 | Price change | $1,750,000-12.3%$548/sqft |
Source: PAR #637946 Report a problem | ||
| 1/1/2024 | Listed for sale | $1,995,000+159.4%$624/sqft |
Source: PAR #637946 Report a problem | ||
| 9/30/2015 | Sold | $769,000-6.8%$241/sqft |
Source: PAR #480621 Report a problem | ||
| 4/29/2015 | Listed for sale | $825,000-21.4%$258/sqft |
Source: COLDWELL BANKER UNITED, REALTORS #480621 Report a problem | ||
| 5/11/2009 | Listing removed | $1,049,000$328/sqft |
Source: Prudential Real Estate #326042 Report a problem | ||
| 3/19/2009 | Listed for sale | $1,049,000$328/sqft |
Source: Prudential Real Estate #326042 Report a problem | ||
| 7/2/2008 | Listing removed | $1,049,000$328/sqft |
Source: Prudential Real Estate #462957 Report a problem | ||
| 5/29/2008 | Listed for sale | $1,049,000+399.8%$328/sqft |
Source: Prudential Real Estate #462957 Report a problem | ||
| 4/19/2004 | Sold | $209,900$66/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $10,110 +0.5% | $1,103,935 +4.7% |
| 2023 | $10,056 +2% | $1,053,904 +9.9% |
| 2022 | $9,857 -0.7% | $959,304 +24% |
| 2021 | $9,923 +9% | $773,359 +8.3% |
| 2020 | $9,099 +0.5% | $713,877 -3.7% |
| 2019 | $9,052 | $741,591 +12.3% |
| 2018 | $9,052 +2.2% | $660,162 +2.1% |
| 2017 | $8,859 +0% | $646,584 +0.4% |
| 2016 | $8,858 -1.3% | $643,978 +64.3% |
| 2015 | $8,972 | $392,001 +0.8% |
| 2014 | $8,972 | $388,890 -2% |
| 2013 | -- | $396,903 +1.7% |
| 2012 | -- | $390,269 -5.8% |
| 2011 | -- | $414,210 -7.7% |
| 2010 | -- | $448,815 -6.9% |
| 2009 | -- | $482,321 -10.5% |
| 2008 | -- | $538,694 +183.5% |
| 2007 | -- | $190,000 -5% |
| 2006 | -- | $200,000 +8.1% |
| 2005 | -- | $185,000 |
| 2004 | -- | $185,000 +33.3% |
| 2003 | -- | $138,750 +32.1% |
| 2002 | -- | $105,000 +496.6% |
| 2001 | -- | $17,600 |
Find assessor info on the county website
Neighborhood: 32507
Nearby schools
GreatSchools rating
- 7/10Hellen Caro Elementary SchoolGrades: PK-5Distance: 5.2 mi
- 5/10Jim C. Bailey Middle SchoolGrades: 6-8Distance: 5.4 mi
- 3/10Escambia High SchoolGrades: 9-12Distance: 13.7 mi
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- Florida
- Escambia County
- Pensacola
- 32507
- 16338 Tarpon Dr
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