Prime Investment Opportunity: 3 BR / 1 BA Fixer-Upper Minutes from NAS Pensacola & Downtown Unlock incredible potential with this 3-bedroom, 1-bathroom vinyl-sided home located in a highly convenient Pensacola neighborhood. Whether you are an experienced investor looking for your next flip, a buy-and-hold landlord seeking strong rental demand, or a DIY homebuyer eager to build sweat equity, this property offers a blank canvas with endless possibilities. The home features a classic, functional floor plan with three bedrooms and a solid exterior framed in durable, low-maintenance vinyl siding. While the property requires significant repair and remodeling, its strong location foundation makes the investment well worth the effort. Property Highlights: 3 Bed / 1 Bath Exterior: Vinyl siding being sold AS-IS Potential: Ideal candidate for a full rehab, value-add rental, or custom primary residence. Short drive to NAS Pensacola Downtown Pensacola: Just a 12-minute drive to Palafox Street, historic downtown dining, shops, and weekend festivals. Beaches & Amenities: Short drive to Pensacola Beach, local parks, boat launches, and major shopping hubs. Bring your contractor and your vision to turn this diamond in the rough into a standout property.
For sale
$88,000
8 N Merritt St, Perdido Key, FL 32507
3beds
1,016sqft
:
Get pre-qualified$609/mo
Single Family Residence
Built in 1998
6,207 Square Feet Lot
$-- Zestimate®
$87/sqft
$-- HOA
What's special
Classic functional floor plan
- 3 days |
- 986 |
- 50 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Stephanie Frazier 850-972-8511,
A Red Door Property
Source: PAR,MLS#: 686913
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Dining room
- Level: First
- Area: 0
- Dimensions: 0 x 0
Kitchen
- Level: First
- Area: 0
- Dimensions: 0 x 0
Living room
- Level: First
- Area: 0
- Dimensions: 0 x 0
Heating
- Central
Cooling
- None, Ceiling Fan(s)
Appliances
- Included: Gas Water Heater
Features
- Flooring: Vinyl
- Has basement: No
Interior area
- Total structure area: 1,016
- Total interior livable area: 1,016 sqft
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Pool features: None
- Fencing: Chain Link,Privacy
Lot
- Size: 6,207 Square Feet
- Features: Central Access
Details
- Additional structures: Yard Building
- Parcel number: 502s305090019001
- Zoning description: County,Res Single
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Slab
- Roof: Hip
Condition
- Resale
- New construction: No
- Year built: 1998
Utilities & green energy
- Electric: Copper Wiring
- Sewer: Septic Tank
Community & HOA
Community
- Subdivision: Durchslags
HOA
- Has HOA: No
Location
- Region: Perdido Key
Financial & listing details
- Price per square foot: $87/sqft
- Tax assessed value: $111,494
- Annual tax amount: $686
- Price range: $88K - $88K
- Date on market: 8/3/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/3/2026 | Listed for sale | $88,000$87/sqft |
Source:  PAR #686913 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $686 +0.4% | $111,494 +4.8% |
| 2023 | $684 +1.6% | $106,354 +18.1% |
| 2022 | $673 -0.3% | $90,046 +25.4% |
| 2021 | $675 +2.5% | $71,834 +11.6% |
| 2020 | $658 +1.2% | $64,387 +5.3% |
| 2019 | $651 | $61,156 +30.3% |
| 2018 | $651 -0.1% | $46,921 +2.1% |
| 2017 | $652 -0.1% | $45,956 +2.1% |
| 2016 | $652 +0.3% | $45,011 +0.7% |
| 2015 | $650 | $44,699 +0.8% |
| 2014 | $650 | $44,345 +1.5% |
| 2013 | -- | $43,690 -1% |
| 2012 | -- | $44,120 -5.2% |
| 2011 | -- | $46,530 -5% |
| 2010 | -- | $48,984 -4.1% |
| 2009 | -- | $51,052 -2.6% |
| 2008 | -- | $52,427 +3% |
| 2007 | -- | $50,900 +2.5% |
| 2006 | -- | $49,660 +3% |
| 2005 | -- | $48,220 +3% |
| 2004 | -- | $46,820 +16.1% |
| 2003 | -- | $40,340 +2.4% |
| 2002 | -- | $39,390 +1.6% |
| 2001 | -- | $38,770 +3% |
| 2000 | -- | $37,640 +2.7% |
| 1999 | -- | $36,650 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Warrington
Nearby schools
GreatSchools rating
- 2/10Navy Point Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 5/10Jim C. Bailey Middle SchoolGrades: 6-8Distance: 8 mi
- 3/10Escambia High SchoolGrades: 9-12Distance: 2.9 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.
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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.
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