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For sale
  • Price cut: $21K (5/29)
    $368,000

    424 Gibbs Rd, Perdido Key, FL 32507

    3beds
    1,050sqft
    : 
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    Single Family Residence
    Built in 1945
    7,405 Square Feet Lot
    $-- Zestimate®
    $350/sqft
    $-- HOA

    What's special

    Beautiful hardwood floors
    Location, Location, Location! Rare Water-View Home with Income Potential in Navy Point – Pensacola, FL Discover this charming 3-bedroom, 1.5-bathroom single-family home in the highly sought-after Navy Point neighborhood. Offering approximately 1,050 square feet of comfortable living space on a spacious lot, this residence combines classic Florida character with modern appeal and unbeatable views. Step inside to find beautiful hardwood floors, creating a warm and inviting atmosphere. The practical layout is perfect for everyday living or entertaining. Outside, enjoy a high deck with stunning, hard-to-find water views—ideal for watching the Blue Angels practice their breathtaking maneuvers right overhead. A standout feature is the detached structure with its own electricity, parking, and private access. Plumbing is just 8 feet away, making it an excellent opportunity to convert into a small rental unit, guest suite, or additional living space—perfect for generating extra income or accommodating extended family. Key Highlights: Hardwood floors Rare water views from the elevated deck Detached structure with electricity, parking, and access (rental potential) Prime Navy Point location near parks, waterfront, NAS Pensacola, beaches, and dining Whether you're seeking a primary residence with coastal charm or a smart investment property with built-in income potential, this home offers endless possibilities in one of Pensacola’s most desirable communities. Don’t miss your chance to own a piece of Navy Point lifestyle! Schedule your private showing today and start imagining sunsets, Blue Angels flyovers, and your future here
    35 days
    |
    2,167
    |
    76
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Michael Hinkle 304-617-9931,

    LPT Realty

    Source: PAR,MLS#: 682351MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 1
      • 1/2 bathrooms: 1
      Primary bedroom
      • Level: First
      • Area: 134.71
      • Dimensions: 13.25 x 10.17
      Kitchen
      • Level: First
      • Area: 289.75
      • Dimensions: 19 x 15.25
      Living room
      • Level: First
      • Area: 201.96
      • Dimensions: 18.5 x 10.92
      Heating
      • Central
      Cooling
      • Heat Pump, Ceiling Fan(s)
      Appliances
      • Included: Electric Water Heater, Built In Microwave, Microwave, Refrigerator
      • Laundry: Inside, Common Area
      Features
      • Ceiling Fan(s)
      • Flooring: Hardwood, Tile
      • Has basement: No
      • Has fireplace: Yes
      Interior area
      • Total structure area: 1,050
      • Total interior livable area: 1,050 sqft

      Property

      Parking
      • Total spaces: 4
      • Parking features: 2 Space/Unit, Rear Entrance, Converted Garage
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Covered, Porch
      • Exterior features: Balcony, Fire Pit
      • Pool features: None
      • Fencing: Back Yard,Privacy
      • Has view: Yes
      • View description: Bay, Water
      • Has water view: Yes
      • Water view: Bay, Water
      • Waterfront features: Bay
      Lot
      • Size: 7,405 Square Feet
      Details
      • Parcel number: 502s306090643029
      • Zoning description: Res Single

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Cottage
      • Property subtype: Single Family Residence
      Materials
      • Block
      • Foundation: Off Grade
      • Roof: Shingle
      Condition
      • Resale
      • New construction: No
      • Year built: 1945

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Public Sewer

      Community & HOA

      Community
      • Features: Picnic Area, Sidewalks
      • Subdivision: Navy Point
      HOA
      • Has HOA: No
      Location
      • Region: Perdido Key

      Financial & listing details

      • Price per square foot: $350/sqft
      • Tax assessed value: $245,404
      • Annual tax amount: $125
      • Price range: $368K - $368K
      • Date on market: 5/9/2026
      • Cumulative days on market: 35 days
      • Road surface type: Paved
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/29/2026Price change$368,000-5.4%$350/sqft
        Source: PAR #682351 Report a problem
        5/9/2026Listed for sale$389,000+34.2%$370/sqft
        Source: PAR #682351 Report a problem
        1/1/2022Listing removed--
        Source: Owner Report a problem
        10/3/2021Price change$289,900-1.1%$276/sqft
        Source: Owner Report a problem
        9/6/2021Price change$293,000-25.4%$279/sqft
        Source: Owner Report a problem
        7/31/2021Listed for sale$393,000+403.8%$374/sqft
        Source: Owner Report a problem
        1/9/2017Sold$78,000$74/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$125 $245,404 +8.8%
        2023$125 $225,472 +5.5%
        2022$125 -92.8%$213,653 +33.7%
        2021$1,739 +10.8%$159,786 +13%
        2020$1,570 +8.7%$141,386 +11.3%
        2019$1,444 $126,984 +101.9%
        2018$1,444 +43.4%$62,880
        2017$1,007 -1.9%$62,880 -37.1%
        2016$1,026 -30.4%$100,044 +28.2%
        2015$1,474 $78,023 +2.7%
        2014$1,474 $75,961 +4.6%
        2013-- $72,630
        2012-- $72,630 -21.7%
        2011-- $92,788 -9%
        2010-- $102,002 -14.8%
        2009-- $119,764 +9.9%
        2008-- $108,932 -6%
        2007-- $115,890 -31.7%
        2006-- $169,660 +183.2%
        2005-- $59,910 -1.7%
        2004-- $60,940 +7%
        2003-- $56,950 +24%
        2002-- $45,930
        2001-- $45,930 +4%
        2000-- $44,160

        Find assessor info on the county website

        Monthly payment

        Est. payment

          Payment breakdown

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          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: Navy Point

          Getting around

          10 / 100
          Car-Dependent
          60 / 100
          Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: Navy Point
          • 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.

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