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16787 Perdido Key Dr # 402, Perdido Key FL 32507
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16787 Perdido Key Dr # 402, Perdido Key FL 32507

16787 Perdido Key Dr, Perdido Key, FL, 32507

$545,000

$545,000

2

Bedrooms

2

Bathrooms

1,116

Square Feet

10.04 acres

Lot Size

1984

Year Built

$488

Price / SqFt

MLS# 688652Residential1 days on market

Listed by: Levin Rinke Realty, 850-916-5050

Listing data provided by the Multiple Listing Service of the Pensacola Association of REALTORS.

About This Property

COME HOME TO BREATHTAKING, PANORAMIC VIEWS OVERLOOKING OLE RIVER AND ONO ISLAND FROM THIS 4TH FLOOR, 2BR, FURNISHED RIVERSIDE CONDO AT SHIPWATCH! ENJOY EASY BEACH ACCESS DIRECTLY ACROSS THE STREET ALONG WITH FULL BOATING FACILITIES….Relax and enjoy the boats go by from your extra-large balcony with over 230 sf. of outdoor living space. The open kitchen seamlessly connects to the main living and dining area, featuring white cabinetry and appliances, granite counter tops and spacious island. Cozy up to the fireplace at the heart of the living area. The primary bedroom not only boasts serene Ole River views but also includes a private bathroom complete with large walk-in tile shower and an extra-large walk-in closet. Shipwatch owners enjoy the best of both worlds with uncrowded beaches PLUS boat launch, boat storage and first-come, first-serve boat slips on the deep waters of Ole River. You also have plenty of room to store your beach, pool and boating supplies with two owner storage closets. Shipwatch has one of the strongest Homeowner Associations on the island and has excellent on-site management and maintenance staff. Other great amenities include two pools (Gulf and Riverfront), two clubhouses (Gulf and Riverfront), tennis courts, 2 brand new pickleball courts, fitness room, sauna, and indoor hot tub. RELAX AND WELCOME HOME TO LAID-BACK ISLAND LIFE!

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Highlights

WaterfrontPoolFireplaceWalk-in Closet

Property Details

Location & Nearby Places

Third-party data, not part of the MLS listing

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Estimate

Mortgage Calculator

Down Payment20% · $109,000
Interest Rate6.75%
Loan Term30 years

Estimated Monthly Payment

$3,486/mo

Principal & Interest$2,828
Taxes$500
Insurance$159
Loan Amount$436,000

Taxes and insurance are estimated at typical local rates; actual rates, taxes, insurance, and loan terms vary by lender and property. Figures are estimates derived from available MLS data for informational purposes only, are not guaranteed, and should not be relied upon as an appraisal or professional advice.

Fair housing & lending: These figures are informational estimates only, not a lending decision, loan offer, or extension of credit. Pelican Realty & Co. provides all housing services in accordance with the Fair Housing Act and does not discriminate on the basis of race, color, religion, sex, handicap (disability), familial status, national origin, or any other protected class.

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MLS® Disclaimer

Listing data last updated: September 8, 2026 at 5:06 PM

Copyright 2026 by the Multiple Listing Service of the Pensacola Association of REALTORS. This information is believed to be accurate but is not guaranteed.

$545,000

Pelican Realty & Co. serves home buyers and sellers across the Florida Gulf Coast, with a focus on the communities that make the Pensacola Bay area one of the most desirable places to live in the Southeast. From the historic streets and bayfront neighborhoods of Pensacola to the sugar-white shores of Pensacola Beach and Perdido Key, our agents help clients find the right home in the right setting — whether that’s a Gulf-front condo, a waterfront estate in Gulf Breeze, or a single-family home on a larger lot in Pace or Milton.

Our service area spans the Emerald Coast’s most sought-after communities, including Pensacola, Gulf Breeze, Navarre, Pace, Pensacola Beach, Milton, Perdido Key, Ferry Pass, Cantonment, and Bellview. Within each, we know the neighborhoods that define the local market — from East Hill and Cordova Park in Pensacola to Tiger Point and Oriole Beach in Gulf Breeze, the canopied streets of Bagdad in Milton, and the Gulf-front towers of Portofino on Pensacola Beach.

Whether you’re searching for a luxury waterfront home, a low-maintenance condo with rental potential, a new-construction single-family home, or acreage with room to grow, our team brings local expertise and a relationship-first approach to every transaction. Explore our community guides and active MLS listings to see what’s available in your corner of the Gulf Coast.

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