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For sale
$1,190,000
4beds
2,875sqft

16604 Perdido Key Dr Unit 1, Perdido Key, FL 32507

4beds
2,875sqft
Condominium
Built in 2021
$414/sqft
$1,500/mo HOA

What's special

Gas fireplaceFreestanding homeLarge pantryWet barTongue-and-groove ceilingsHardwood floorsTiled showers throughout

Boat slip on Ole River included! Welcome to Mallory Square North, where Key West charm meets luxury coastal living in Perdido Key. This stunning freestanding home is located in a gated community just across the street from the sugar-white sands of the Gulf, offering the perfect mix of beach days and boating adventures. A rare highlight of this unit is the designated boat slip on Ole River, plus an oversized private storage/garage space large enough to store a boat—ideal for boaters and anyone needing extra room for beach gear, paddleboards, and fishing equipment. Inside, enjoy a spacious 4-bedroom, 4.5-bath layout with every bedroom featuring an ensuite bathroom for ultimate privacy. The open-concept living area is made for entertaining with a gas fireplace, wet bar, and wine fridge. The kitchen shines with custom cabinetry, a large pantry, and stylish concrete countertops. Upscale finishes include 10’ ceilings and 8’ doors on the main level, tongue-and-groove ceilings, crown molding, hardwood floors, and tiled showers throughout. A bonus bunk room offers extra sleeping space, while the primary suite features a gas fireplace, walk-in closet, and spa-like bath with a soaking tub and separate shower. Enjoy resort-style amenities including a community pool with sun shelf and beautiful Ole River views. Outdoor living is easy with an outdoor kitchen (built-in grill + sink) and an outdoor shower for rinsing off after the beach. Parking is a breeze with under-unit parking plus the detached storage/garage. Located just 1 mile from Flora-Bama, with quick access to dining, entertainment, and the best of Perdido Key waterfront living. Buyer to verify all information.

238 days
|
152
|
9
|
Source: PAR,MLS#: 677445MLS Logo
Travel times

Living Room

Kitchen

Primary Bedroom

Zillow last checked:

Listing updated:

Listed by:

Katy Collins 850-261-3333,

Levin Rinke Realty,

Liz Harrison 850-293-2995,

Levin Rinke Realty

Source: PAR,MLS#: 677445MLS Logo

Facts & features

Interior

Bedrooms & bathrooms
  • Bedrooms: 4
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1
Primary bedroom
  • Level: Third
  • Area: 286
  • Dimensions: 13 x 22
Bedroom
  • Level: Third
  • Area: 187
  • Dimensions: 11 x 17
Bedroom 1
  • Level: Third
  • Area: 156
  • Dimensions: 13 x 12
Bedroom 2
  • Level: Second
Heating
  • Central
Cooling
  • Central Air, Ceiling Fan(s)
Appliances
  • Included: Tankless Water Heater/Gas, Wine Cooler, Disposal
  • Laundry: Inside, W/D Hookups
Features
  • Ceiling Fan(s), High Ceilings, High Speed Internet, Recessed Lighting, Wet Bar
  • Flooring: Hardwood, Tile
  • Windows: Shutters
  • Has basement: No
  • Has fireplace: Yes
  • Fireplace features: Two or More
Interior area
  • Total structure area: 2,875
  • Total interior livable area: 2,875 sqft
Video & virtual tour

Property

Parking
  • Parking features: Covered, Guest
Features
  • Levels: Two
  • Stories: 2
  • Exterior features: Balcony, Barbecue, Outdoor Kitchen, Dock
  • Has private pool: Yes
  • Pool features: In Ground, Community
  • Has view: Yes
  • View description: River, Water
  • Has water view: Yes
  • Water view: River, Water
  • Waterfront features: Intracoastal Waterway, River Front, Waterfront Deed Access
Lot
  • Size: 1.14 Acres
  • Features: Central Access
Details
  • Parcel number: 064s322101000001
  • Zoning description: Res Multi

Construction

Type & style
  • Home type: Condo
  • Architectural style: Contemporary, Cottage
  • Property subtype: Condominium
Materials
  • Frame
  • Foundation: Pillar/Post/Pier
  • Roof: Metal
Condition
  • Resale
  • New construction: No
  • Year built: 2021

Utilities & green energy

  • Electric: Copper Wiring
  • Sewer: Public Sewer
  • Water: Public
  • Utilities for property: Underground Utilities

Community & HOA

Community
  • Features: Dock, Gated
  • Security: Smoke Detector(s)
  • Subdivision: None
HOA
  • Has HOA: Yes
  • Services included: Association, Cable TV, Insurance, Trash, Water/Sewer
  • HOA fee: $18,000 annually
Location
  • Region: Perdido Key

Financial & listing details

  • Price per square foot: $414/sqft
  • Tax assessed value: $960,120
  • Annual tax amount: $13,310
  • Price range: $1.2M - $1.2M
  • Date on market: 2/10/2026
  • Cumulative days on market: 239 days

Price history

DateEventPrice
2/10/2026Listed for sale$1,190,000$414/sqft
Source: PAR #677445
10/21/2025Listing removed$1,190,000$414/sqft
Source: PAR #661978
4/7/2025Price change$1,190,000-0.4%$414/sqft
Source: PAR #661978
4/4/2025Listed for sale$1,195,000$416/sqft
Source: PAR #661978
11/29/2024Listing removed$1,195,000$416/sqft
Source: PAR #645699
9/9/2024Price change$1,195,000-4.4%$416/sqft
Source: PAR #645699
5/22/2024Listed for sale$1,250,000+31.6%$435/sqft
Source: PAR #645699
10/29/2023Listing removed--
Source: PAR #576398
10/30/2021Listing removed$950,000$330/sqft
Source: PAR #576398
10/28/2021Sold$950,000$330/sqft
Source: PAR #576398
4/10/2021Listing removed--
Source: PAR #576398
8/24/2020Listed for sale$950,000$330/sqft
Source: PAR #576398

Public tax history

YearProperty taxesTax assessment
2024$13,310 -1.2%$960,120
2023$13,468 +9.1%$960,120 +12.3%
2022$12,347 $855,000

Find assessor info on the county website

Monthly payment

Est. payment
$9,475/mo
Principal & interest
$6616
HOA Fees
$1500
Property taxes
$1359
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Estimated market value

Not available

Estimated sales range

Not available

Not available

Climate risks

Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

Neighborhood: 32507

Nearby schools

Hellen Caro Elementary School
Grades PK-5 • 6.9 miles
7/10
GreatSchools® Rating
Test Score Rating
8/10
Student Progress Rating
6/10
Jim C. Bailey Middle School
Grades 6-8 • 7.1 miles
5/10
GreatSchools® Rating
Test Score Rating
5/10
Student Progress Rating
5/10
Escambia High School
Grades 9-12 • 15.5 miles
3/10
GreatSchools® Rating
Test Score Rating
3/10
College Readiness Rating
3/10
Student Progress Rating
2/10