ENJOY THE BEST OF PERDIDO KEY FROM THIS BEAUTIFULLY UPDATED WATERFRONT VILLA LOCATED DIRECTLY ON OLE RIVER WITH DIRECT ACCESS TO THE SUGAR-WHITE SANDS OF THE GULF OF AMERICA JUST ACROSS THE STREET. THIS RARE 2-BEDROOM PLUS LOFT FLOOR PLAN OFFERS THE PERFECT COMBINATION OF WATERFRONT LIVING AND GULF BEACH CONVENIENCE. THE VERSATILE LOFT CAN EASILY SERVE AS A THIRD BEDROOM, HOME OFFICE, OR ADDITIONAL LIVING SPACE, MAKING THIS PROPERTY IDEAL AS A PRIMARY RESIDENCE, VACATION GETAWAY, OR INVESTMENT OPPORTUNITY. Move-in ready and tastefully remodeled, this spacious villa features beautiful kitchen cabinetry, modern appliances, luxury vinyl plank flooring throughout, and an open, airy floor plan filled with natural light. The two spacious bedrooms are complemented by a versatile loft accessed by a spiral staircase, providing additional sleeping space for family and guests. The updated bathrooms and tasteful coastal finishes make this home ready to enjoy from day one. The highlight of the home is the brand-new oversized waterfront balcony, where you can relax with your morning coffee, watch boats cruise along Ole River, enjoy spectacular sunsets, and take in the peaceful waterfront setting right outside your door. Molokai Villas is one of Perdido Key's most unique waterfront communities, offering boat docks on the deep waters of Ole River with quick access to the Gulf of America, a sparkling waterfront pool, assigned parking, and direct access across the street to one of Perdido Key's most beautiful and uncrowded stretches of sugar-white sand. Conveniently located just a short walk along the new Perdido Key multi-use path to The Crab Trap, Ole River Grill, and the world-famous Flora-Bama. MOLOKAI VILLAS IS A TRUE HIDDEN GEM WHERE BOATING, BEACH DAYS, AND WATERFRONT LIVING COME TOGETHER. DON'T MISS THIS RARE OPPORTUNITY TO OWN A BEAUTIFULLY UPDATED VILLA IN ONE OF PERDIDO KEY'S MOST SOUGHT-AFTER WATERFRONT COMMUNITIES.
For sale
$462,000
16590 Perdido Key Dr APT 7A, Perdido Key, FL 32507
2beds
1,044sqft
Condominium
Built in 1983
-- sqft lot
$-- Zestimate®
$443/sqft
$1,819/mo HOA
What's special
Beautifully updated waterfront villaSparkling waterfront poolTastefully remodeledTwo spacious bedroomsTasteful coastal finishesSpectacular sunsetsSpacious villa
- 5 days |
- 475 |
- 34 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Jason Smallwood 850-619-3754,
Bastion Realty LLC,
Laurie Melvin,
Bastion Realty LLC
Source: PAR,MLS#: 685098
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bonus Room
Primary bedroom
- Level: First
- Area: 156
- Dimensions: 12 x 13
Kitchen
- Level: First
- Area: 112
- Dimensions: 8 x 14
Heating
- Central
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Electric Water Heater, Dryer, Washer, Dishwasher, Microwave, Refrigerator
- Laundry: Inside, W/D Hookups
Features
- Baseboards, Ceiling Fan(s), Recessed Lighting
- Windows: Some Blinds, Some Drapes
- Has basement: No
Interior area
- Total structure area: 1,044
- Total interior livable area: 1,044 sqft
Property
Parking
- Parking features: Guest
Features
- Levels: Two
- Stories: 2
- Exterior features: Balcony, Dock
- Pool features: None, Community
- Has view: Yes
- View description: River
- Has water view: Yes
- Water view: River
- Waterfront features: River Front, Waterfront, Beach Access, Deed Access, Natural, Beach
Lot
- Size: 2.24 Acres
Details
- Parcel number: 064s322950107002
- Zoning description: Res Multi,Res Single
Construction
Type & style
- Home type: Condo
- Architectural style: Cottage
- Property subtype: Condominium
Materials
- Frame
- Foundation: Slab
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1983
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Pavilion/Gazebo
- Security: Smoke Detector(s)
- Subdivision: Molokai Villas
HOA
- Has HOA: Yes
- Services included: Association, Maintenance Grounds, Management, Recreation Facility, Trash, Water/Sewer
- HOA fee: $21,829 annually
Location
- Region: Perdido Key
Financial & listing details
- Price per square foot: $443/sqft
- Tax assessed value: $370,620
- Annual tax amount: $4,641
- Price range: $462K - $462K
- Date on market: 6/27/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/27/2026 | Listed for sale | $462,000+2.9%$443/sqft |
Source: | ||
| 6/27/2024 | Sold | $449,000$430/sqft |
Source: | ||
| 5/25/2024 | Pending sale | $449,000$430/sqft |
Source: | ||
| 5/25/2024 | Contingent | $449,000$430/sqft |
Source: | ||
| 5/20/2024 | Listed for sale | $449,000-8.3%$430/sqft |
Source: | ||
| 8/23/2023 | Listing removed | -- |
Source: | ||
| 8/11/2023 | Listed for sale | $489,900$469/sqft |
Source: | ||
| 8/2/2023 | Contingent | $489,900$469/sqft |
Source: | ||
| 6/3/2023 | Listed for sale | $489,900-1.8%$469/sqft |
Source: | ||
| 3/2/2023 | Listing removed | -- |
Source: | ||
| 1/11/2023 | Listed for sale | $499,000+110.1%$478/sqft |
Source: | ||
| 3/9/2015 | Sold | $237,500-0.6%$227/sqft |
Source: | ||
| 10/23/2014 | Price change | $239,000-2.4%$229/sqft |
Source: Main Street Properties Perdido Key #468239 Report a problem | ||
| 9/6/2014 | Price change | $245,000-1.6%$235/sqft |
Source: Main Street Properties Perdido Key #468239 Report a problem | ||
| 8/25/2014 | Listed for sale | $249,000+25.1%$239/sqft |
Source: Main Street Properties, Inc. #468239 Report a problem | ||
| 8/2/2010 | Sold | $199,000$191/sqft |
Source: Public Record Report a problem | ||
| 7/7/2010 | Price change | $199,000-23.2%$191/sqft |
Source: ResortQuest Real Estate of Florida LLC DBA ResortQuest Real Estate #392848 Report a problem | ||
| 4/10/2010 | Listed for sale | $259,000-10.7%$248/sqft |
Source: MEYER REAL ESTATE OF FLORIDA #387636 Report a problem | ||
| 1/19/2005 | Sold | $290,000$278/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,641 +4.7% | $370,620 +4.4% |
| 2023 | $4,434 +2.9% | $354,960 -2.9% |
| 2022 | $4,310 +65.5% | $365,400 +104.1% |
| 2021 | $2,605 -19.9% | $179,046 -22% |
| 2020 | $3,253 +1.4% | $229,680 +2.3% |
| 2019 | $3,209 | $224,460 +3.9% |
| 2018 | $3,209 +4.3% | $216,108 +15.6% |
| 2017 | $3,075 +9.6% | $187,000 |
| 2016 | $2,804 -1.6% | $187,000 +13.3% |
| 2015 | $2,851 | $165,000 +3.3% |
| 2014 | $2,851 | $159,686 +1.6% |
| 2013 | -- | $157,238 +2.1% |
| 2012 | -- | $153,955 -0.6% |
| 2011 | -- | $154,892 -14.3% |
| 2010 | -- | $180,741 -8% |
| 2009 | -- | $196,394 -19.1% |
| 2008 | -- | $242,830 -10.6% |
| 2007 | -- | $271,660 +42.6% |
| 2006 | -- | $190,480 +673.4% |
| 2005 | -- | $24,630 -87.9% |
| 2004 | -- | $204,390 +75% |
| 2003 | -- | $116,800 +4.4% |
| 2002 | -- | $111,930 |
| 2001 | -- | $111,930 +13% |
| 2000 | -- | $99,090 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 32507
Nearby schools
GreatSchools rating
- 7/10Hellen Caro Elementary SchoolGrades: PK-5Distance: 6.9 mi
- 5/10Jim C. Bailey Middle SchoolGrades: 6-8Distance: 7.1 mi
- 3/10Escambia High SchoolGrades: 9-12Distance: 15.5 mi
Schools provided by the listing agent
- Elementary: Hellen Caro
- 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.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Florida
- Escambia County
- Pensacola
- 32507
- 16590 Perdido Key Dr Apartment 7A





