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For sale
$545,000
2beds
1,116sqft

16787 Perdido Key Dr APT E402, Perdido Key, FL 32507

2beds
1,116sqft
Condominium
Built in 1984
Boat, parking lot, rv/boat parking
$488 price/sqft
$1,047/mo HOA

What's special

Spacious islandGranite counter topsTwo owner storage closetsWhite cabinetry and appliancesExtra-large walk-in closet

COME HOME TO BREATHTAKING, PANORAMIC VIEWS OVERLOOKING OLE RIVER AND ONO ISLAND FROM THIS 4TH FLOOR, 2BR, FURNISHED RIVERSIDE CONDO AT SHIPWATCH! ENJOY EASY BEACH ACCESS DIRECTLY ACROSS THE STREET ALONG WITH FULL BOATING FACILITIES….Relax and enjoy the boats go by from your extra-large balcony with over 230 sf. of outdoor living space. The open kitchen seamlessly connects to the main living and dining area, featuring white cabinetry and appliances, granite counter tops and spacious island. Cozy up to the fireplace at the heart of the living area. The primary bedroom not only boasts serene Ole River views but also includes a private bathroom complete with large walk-in tile shower and an extra-large walk-in closet. 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), tennis courts, 2 brand new pickleball courts, fitness room, sauna, and indoor hot tub. RELAX AND WELCOME HOME TO LAID-BACK ISLAND LIFE!

8 days
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459
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20
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Likely to sell faster than

Source: PAR,MLS#: 688652MLS Logo
Travel times

Living Room

Kitchen

Primary Bedroom

Zillow last checked:

Listing updated:

Listed by:

Katherine Justice 850-712-4631,

Levin Rinke Realty

Source: PAR,MLS#: 688652MLS Logo

Facts & features

Interior

Bedrooms & bathrooms
  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2
Primary bedroom
  • Level: First
  • Area: 199.2
  • Dimensions: 12 x 16.6
Bedroom
  • Level: First
  • Area: 132
  • Dimensions: 11 x 12
Kitchen
  • Level: First
  • Area: 121
  • Dimensions: 11 x 11
Heating
  • Central, Fireplace(s)
Cooling
  • Central Air, Ceiling Fan(s)
Appliances
  • Included: Electric Water Heater, Dryer, Washer, Wine Cooler, Dishwasher, Disposal, Microwave, Refrigerator
  • Laundry: Inside
Features
  • Baseboards, Ceiling Fan(s), Recessed Lighting
  • Flooring: Vinyl, Carpet, Simulated Wood
  • Has basement: No
  • Has fireplace: Yes
Interior area
  • Total structure area: 1,116
  • Total interior livable area: 1,116 sqft

Property

Parking
  • Parking features: Boat, Parking Lot, RV/Boat Parking
Features
  • Levels: 8 or More Story
  • Patio & porch: Covered
  • Exterior features: Dock, Boat Slip
  • 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: River Front, Waterfront, Beach Access, Boat Launch, Natural, Pier, Beach
Lot
  • Size: 10.04 Acres
Details
  • Parcel number: 014s331100402005
  • Zoning description: Res Multi

Construction

Type & style
  • Home type: Condo
  • Architectural style: Contemporary
  • Property subtype: Condominium
Materials
  • Concrete
  • Foundation: Pillar/Post/Pier
  • Roof: See Remarks
Condition
  • Resale
  • New construction: No
  • Year built: 1984

Utilities & green energy

  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water: Public

Community & HOA

Community
  • Features: Community Room, Dock, Elevator, Fitness Center, Fishing, Picnic Area, Pier, Sauna, Tennis Court(s)
  • Security: Smoke Detector(s)
  • Subdivision: Shipwatch Surf & Yacht Club
HOA
  • Has HOA: Yes
  • Services included: Association, Cable TV, Maintenance Grounds, Management, Pest Control, Trash, Water/Sewer
  • HOA fee: $12,561 annually
Location
  • Region: Perdido Key

Financial & listing details

  • Price per square foot: $488/sqft
  • Tax assessed value: $451,980
  • Annual tax amount: $5,971
  • Price range: $545K - $545K
  • Date on market: 9/7/2026
  • Cumulative days on market: 8 days

Price history

DateEventPrice
9/7/2026Listed for sale$545,000+188.4%$488/sqft
Source: PAR #688652 Report a problem
5/3/2001Sold$189,000$169/sqft
Source: Public Record Report a problem

Public tax history

YearProperty taxesTax assessment
2024$5,971 +3%$451,980
2023$5,795 +9.6%$451,980 +12.5%
2022$5,286 +79%$401,760 +96.7%
2021$2,953 -38%$204,228 -40%
2020$4,761 +84.5%$340,380 +8.9%
2019$2,581 $312,480 +46.2%
2018$2,581 +0.1%$213,700 +2.1%
2017$2,578 +0.2%$209,305 +2.1%
2016$2,573 +0.7%$205,000
2015$2,556 $205,000 +14.3%
2014$2,556 $179,305 +0.3%
2013-- $178,856 +3.6%
2012-- $172,581 +1.3%
2011-- $170,433 +18.2%
2010-- $144,239 -0.6%
2009-- $145,112 -35.2%
2008-- $223,967 -32.7%
2007-- $332,990 +147.9%
2006-- $134,310 -15.7%
2005-- $159,240 -26.9%
2004-- $217,920 +23.8%
2003-- $175,960 +18.2%
2002-- $148,890 +4.8%
2001-- $142,120 +0.6%
2000-- $141,310

Find assessor info on the county website

Monthly payment

Est. payment
$4,576/mo
Principal & interest
$2907
HOA Fees
$1047
Property taxes
$622
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Estimated market value

Not available

Estimated sales range

Not available

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Neighborhood: 32507

Nearby schools

Hellen Caro Elementary School
Grades PK-57.2 miles
7/10
GreatSchools® Rating
Test Score Rating
8/10
Student Progress Rating
6/10
Jim C. Bailey Middle School
Grades 6-87.4 miles
5/10
GreatSchools® Rating
Test Score Rating
5/10
Student Progress Rating
5/10
Escambia High School
Grades 9-1215.8 miles
3/10
GreatSchools® Rating
Test Score Rating
3/10
College Readiness Rating
3/10
Student Progress Rating
2/10