Located in the heart of Gulf Breeze Proper, this exceptional waterfront estate is discreetly set within a picturesque Southern coastal landscape, shaded by mature live oaks and draped in Spanish moss. Sweeping views of Pensacola Bay and the downtown Pensacola skyline create a serene and ever-changing backdrop. The main level is thoughtfully designed for both refined living and effortless entertaining, featuring soaring ceilings, wide-plank white oak floors, and an open-concept kitchen adorned with premium appliances and timeless marble countertops. A custom wet bar seamlessly integrates into the space, enhancing the home’s entertaining appeal. Expansive windows and French doors flood the interior with natural light and frame panoramic bay views, opening directly to the waterfront backyard for true indoor-outdoor living. Situated on approximately 0.54 acres with 78 feet of pristine shoreline, the outdoor space feels like a private coastal retreat. Notably high and dry, the backyard is designed for year-round enjoyment with a covered patio, outdoor kitchen, fireplace, and heated gunite pool. Boating enthusiasts will appreciate the private dock and lift, offering immediate access to Pensacola Bay—perfect for watching Blue Wahoos fireworks from your own backyard or cruising across the water to nearby waterfront dining. The main-level primary suite serves as a tranquil escape, complete with a custom walk-in closet and a spa-inspired bath featuring intricate mosaic tile. Upstairs, additional spacious bedrooms are complemented by a hallway lined with custom built-ins, providing both beauty and functionality. A private carriage house above the garage offers an elegant and comfortable guest retreat. Surrounded by native landscaping and located in one of the most desirable neighborhoods in Gulf Breeze Proper, this luxury waterfront residence offers an unparalleled lifestyle with close proximity to top-rated schools, shopping, and Pensacola Beach.
Sold for $3,900,000
$3,900,000
518 Navy Cove Blvd, Gulf Breeze, FL 32561
6beds
4,521sqft
Single Family Residence
Built in 2020
0.51 Acres Lot
$2,812,300 Zestimate®
$863/sqft
$6,492 Estimated rent
Home value
$2,812,300
$2.47M - $3.21M
$6,492/mo
Zestimate® history
Owner options
List your home for rent
$6,492/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$6,492/mo
Rent Zestimate®
Refinance and save
$24,985/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$24,985/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Mark Lee 850-261-1996,
Levin Rinke Realty
Bought with:
Mark Lee
Levin Rinke Realty
Source: PAR,MLS#: 676823
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Rooms
- Room types: Exercise Room
Primary bedroom
- Level: First
- Area: 289
- Dimensions: 17 x 17
Bedroom
- Level: Second
- Area: 256
- Dimensions: 16 x 16
Bedroom 1
- Level: Second
- Area: 255
- Dimensions: 17 x 15
Bedroom 2
- Level: Second
- Area: 208
- Dimensions: 16 x 13
Bedroom 3
- Level: Second
- Area: 216
- Dimensions: 12 x 18
Bedroom 4
- Level: Second
- Area: 120
- Dimensions: 12 x 10
Kitchen
- Level: First
- Area: 418
- Dimensions: 22 x 19
Living room
- Level: First
- Area: 442
- Dimensions: 26 x 17
Office
- Level: First
- Area: 120
- Dimensions: 10 x 12
Heating
- Heat Pump, Central, Fireplace(s)
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Tankless Water Heater/Gas, Built In Microwave, Refrigerator, Self Cleaning Oven, Oven
- Laundry: Inside, W/D Hookups
Features
- Storage, Baseboards, Ceiling Fan(s), High Ceilings, High Speed Internet, Recessed Lighting, Sound System, Wet Bar
- Flooring: Hardwood, Tile
- Windows: Double Pane Windows
- Has basement: No
- Has fireplace: Yes
- Fireplace features: Electric
Interior area
- Total structure area: 4,521
- Total interior livable area: 4,521 sqft
Property
Parking
- Total spaces: 2
- Parking features: 2 Car Garage, Garage Door Opener
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered
- Exterior features: Outdoor Kitchen, Rain Gutters
- Has private pool: Yes
- Pool features: Gunite
- Fencing: Back Yard
- Has view: Yes
- View description: Bay, Water
- Has water view: Yes
- Water view: Bay, Water
- Waterfront features: Bay, Waterfront, Block/Seawall, Boat Lift
- Frontage length: Water Frontage(78)
Lot
- Size: 0.51 Acres
- Dimensions: 78x311
- Features: Interior Lot, Sprinkler
Details
- Parcel number: 063s290947000000020
- Zoning description: Res Single
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
Materials
- Block, Frame
- Foundation: Slab
- Roof: Metal
Condition
- Resale
- New construction: No
- Year built: 2020
Utilities & green energy
- Electric: Copper Wiring
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Green energy
- Energy efficient items: Heat Pump, Insulation, Insulated Walls
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Dickerson Cove
HOA
- Has HOA: No
Location
- Region: Gulf Breeze
Financial & listing details
- Price per square foot: $863/sqft
- Tax assessed value: $1,704,776
- Annual tax amount: $15,037
- Price range: $3.9M - $3.9M
- Date on market: 1/29/2026
- Cumulative days on market: 92 days
Price history
| Date | Event | Price |
|---|---|---|
| 5/28/2026 | Sold | $3,900,000-2.4%$863/sqft |
Source:  PAR #676823 Report a problem | ||
| 5/27/2026 | Pending sale | $3,995,000$884/sqft |
Source: PAR #676823 Report a problem | ||
| 5/1/2026 | Contingent | $3,995,000$884/sqft |
Source: PAR #676823 Report a problem | ||
| 1/29/2026 | Listed for sale | $3,995,000-1.4%$884/sqft |
Source: PAR #676823 Report a problem | ||
| 12/16/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 12/9/2025 | Listed for sale | $4,050,000+315.4%$896/sqft |
Source: Owner Report a problem | ||
| 12/7/2018 | Sold | $975,000+39.3%$216/sqft |
Source: PAR #528452 Report a problem | ||
| 6/8/2017 | Sold | $700,000$155/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $15,037 -12.8% | $1,370,080 +2.9% |
| 2024 | $17,239 +1.7% | $1,331,467 +3% |
| 2023 | $16,958 +2.2% | $1,292,686 +3% |
| 2022 | $16,592 +0.5% | $1,255,035 +3% |
| 2021 | $16,508 +71.5% | $1,218,481 +79.1% |
| 2020 | $9,624 -0.3% | $680,193 |
| 2019 | $9,653 | $680,193 +55.4% |
| 2018 | $9,653 | $437,669 |
Find assessor info on the county website
Neighborhood: 32561
Nearby homes
- $3,900,0000.54 acres518 Navy Cove Blvd, Gulf Breeze, FL 32561Sold
- $2,452,4004 bd4 ba3.7k sqft520 Navy Cove Blvd, Gulf Breeze, FL 32561Off Market
- $1,762,3004 bd3 ba2.7k sqft520 Fairpoint Dr, Gulf Breeze, FL 32561Off Market
- $3,233,8004 bd3 ba4.3k sqft516 Navy Cove Blvd, Gulf Breeze, FL 32561Off Market
- $2,420,4004 bd4 ba3.3k sqft522 Fairpoint Dr, Gulf Breeze, FL 32561Off Market
- $3,604,9005 bd5 ba7.4k sqft514 Navy Cove Blvd, Gulf Breeze, FL 32561Off Market
- $689,0004 bd3 ba2.3k sqft519 Navy Cove Blvd, Gulf Breeze, FL 32561Sold
- $979,8004 bd3 ba4.5k sqft521 Navy Cove Blvd, Gulf Breeze, FL 32561Off Market
Nearby schools
GreatSchools rating
- 9/10Gulf Breeze Elementary SchoolGrades: PK-5Distance: 1.4 mi
- 8/10Gulf Breeze Middle SchoolGrades: 6-8Distance: 1.5 mi
- 7/10Gulf Breeze High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Gulf Breeze
- Middle: GULF BREEZE
- High: Gulf Breeze
Source: PAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$2,812,300
2% more
+$56,246
With Zillow Showcase(estimated)
$2,868,546
- Florida
- Santa Rosa County
- Gulf Breeze
- 32561
- 518 Navy Cove Blvd
Nearby cities
Nearby zip codes
Other Gulf Breeze Topics
