Perfect First Flip or Portfolio Addition in Navy Point – Waterfront Potential! Opportunity knocks in one of Pensacola’s most coveted waterfront communities—Navy Point. This 2-bedroom, 2-bathroom home with over 1,500 square feet of living space is perfectly positioned on a .15-acre lot with panoramic water views that will inspire your next project. Whether you're a first-time flipper looking to break into the market or a seasoned investor adding to a growing portfolio, this property is your chance to create something special. With spacious interiors, a solid structure, and a layout that includes a bonus space (ideal for a third bedroom conversion), the upside here is undeniable. Located just steps from parks, water access, and a short drive to Downtown Pensacola, this neighborhood remains in high demand for both long-term and short-term rentals—making this the perfect blend of location, potential, and return. Waterfront properties in Navy Point rarely last—seize the opportunity to transform this blank canvas into a profitable investment or standout personal retreat.
Sold for $315,000
$315,000
4 NW Baublits Dr, Perdido Key, FL 32507
2beds
1,546sqft
Single Family Residence
Built in 1945
6,534 Square Feet Lot
$315,100 Zestimate®
$204/sqft
$1,844 Estimated rent
Home value
$315,100
$280,000 - $353,000
$1,844/mo
Zestimate® history
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$2,048/mo
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List your homeWhat's special
Spacious interiorsPanoramic water viewsWaterfront potentialSolid structure
Zillow last checked:
Listing updated:
Listed by:
Erik Hansen 850-741-1410,
KELLER WILLIAMS REALTY GULF COAST
Bought with:
Kevin Johnson
Levin Rinke Realty
Source: PAR,MLS#: 663170
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
- Area: 150.81
- Dimensions: 10.17 x 14.83
Bedroom
- Level: First
- Area: 101.6
- Dimensions: 11.08 x 9.17
Dining room
- Level: First
- Area: 102.04
- Dimensions: 13.17 x 7.75
Kitchen
- Level: First
- Area: 106.43
- Dimensions: 13.17 x 8.08
Living room
- Level: First
- Area: 271.11
- Dimensions: 13.33 x 20.33
Heating
- Natural Gas
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Electric Water Heater, Dishwasher, Refrigerator
- Laundry: Inside, W/D Hookups
Features
- Ceiling Fan(s), High Speed Internet
- Flooring: Hardwood, Carpet, Laminate
- Doors: Insulated Doors, Storm Door(s)
- Windows: Double Pane Windows, Blinds, Shutters
- Has basement: No
Interior area
- Total structure area: 1,546
- Total interior livable area: 1,546 sqft
Property
Parking
- Parking features: 2 Space/Unit
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Exterior features: Lawn Pump, Rain Gutters
- Pool features: None
- Fencing: Back Yard,Chain Link
- Has view: Yes
- View description: Bayou, Water
- Has water view: Yes
- Water view: Bayou, Water
- Waterfront features: Beach Access, Boat Launch
Lot
- Size: 6,534 sqft
- Features: Sprinkler
Details
- Parcel number: 502s306090646029
- Zoning description: Mixed Residential Subdiv
- Other equipment: Satellite Dish
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Brick, Frame
- Foundation: Off Grade
- Roof: Shingle
Condition
- Resale
- New construction: No
- Year built: 1945
Utilities & green energy
- Electric: Circuit Breakers, Copper Wiring
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Green energy
- Energy efficient items: Insulation
Community & neighborhood
Security
- Security features: Security System, Smoke Detector(s)
Location
- Region: Perdido Key
- Subdivision: Navy Point
HOA & financial
HOA
- Has HOA: No
Other
Other facts
- Price range: $315K - $315K
Price history
| Date | Event | Price |
|---|---|---|
| 7/24/2025 | Sold | $315,000-7.4%$204/sqft |
Source:  PAR #663170 Report a problem | ||
| 6/14/2025 | Contingent | $340,000$220/sqft |
Source: PAR #663170 Report a problem | ||
| 6/4/2025 | Price change | $340,000-2.9%$220/sqft |
Source: PAR #663170 Report a problem | ||
| 4/24/2025 | Listed for sale | $350,000+366.7%$226/sqft |
Source: PAR #663170 Report a problem | ||
| 1/29/2001 | Sold | $75,000+36.4%$49/sqft |
Source: Public Record Report a problem | ||
| 5/3/1996 | Sold | $55,000$36/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,976 +6% | $237,029 +7.9% |
| 2023 | $2,809 +6.9% | $219,627 +6.2% |
| 2022 | $2,628 +11.6% | $206,745 +25.1% |
| 2021 | $2,355 +12.8% | $165,246 +14.2% |
| 2020 | $2,088 +8.8% | $144,668 +10.7% |
| 2019 | $1,920 | $130,671 +4% |
| 2018 | $1,920 +1.8% | $125,625 +4% |
| 2017 | $1,887 +3.4% | $120,777 +1.6% |
| 2016 | $1,824 +3.7% | $118,858 +23.3% |
| 2015 | $1,759 | $96,421 +1.9% |
| 2014 | $1,759 | $94,628 +5.1% |
| 2013 | -- | $90,032 |
| 2012 | -- | $90,032 -17.7% |
| 2011 | -- | $109,418 -8.5% |
| 2010 | -- | $119,575 +29.6% |
| 2009 | -- | $92,287 +0.1% |
| 2008 | -- | $92,195 +3% |
| 2007 | -- | $89,510 +21.5% |
| 2006 | -- | $73,650 -13.1% |
| 2005 | -- | $84,790 +21.5% |
| 2004 | -- | $69,790 +41.2% |
| 2003 | -- | $49,420 +2.4% |
| 2002 | -- | $48,260 -0.5% |
| 2001 | -- | $48,490 +7.6% |
| 2000 | -- | $45,070 |
Find assessor info on the county website
Neighborhood: Navy Point
Nearby schools
GreatSchools rating
- 2/10Navy Point Elementary SchoolGrades: PK-5Distance: 1 mi
- 5/10Jim C. Bailey Middle SchoolGrades: 6-8Distance: 7.2 mi
- 4/10Pensacola High SchoolGrades: 9-12Distance: 5.7 mi
Schools provided by the listing agent
- Elementary: Navy Point
- Middle: BAILEY
- High: Pensacola
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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$315,100
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- Florida
- Escambia County
- Pensacola
- 32507
- Navy Point
- 4 NW Baublits Dr
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