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
For sale
Price cut: $21K (5/29)
$368,000
424 Gibbs Rd, Perdido Key, FL 32507
3beds
1,050sqft
Single Family Residence
Built in 1945
7,405 Square Feet Lot
$-- Zestimate®
$350/sqft
$-- HOA
What's special
Beautiful hardwood floors
- 35 days |
- 2,167 |
- 76 |
Zillow last checked:
Listing updated:
Listed by:
Michael Hinkle 304-617-9931,
LPT Realty
Source: PAR,MLS#: 682351
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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
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2026 | Price change | $368,000-5.4%$350/sqft |
Source: | ||
| 5/9/2026 | Listed for sale | $389,000+34.2%$370/sqft |
Source: | ||
| 1/1/2022 | Listing removed | -- |
Source: Owner Report a problem | ||
| 10/3/2021 | Price change | $289,900-1.1%$276/sqft |
Source: Owner Report a problem | ||
| 9/6/2021 | Price change | $293,000-25.4%$279/sqft |
Source: Owner Report a problem | ||
| 7/31/2021 | Listed for sale | $393,000+403.8%$374/sqft |
Source: Owner Report a problem | ||
| 1/9/2017 | Sold | $78,000$74/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | -- | $44,160 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Navy Point
Nearby schools
GreatSchools rating
- 1/10Navy 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: 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
- Navy Point
- 424 Gibbs Rd







