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$1,405,000

Beds
2
Baths
2.0
sq ft
2,588

427 Vancouver St, Pensacola, FL 32507

427 Vancouver St

Pensacola, FL 32507

  • 50 days on market
    • Price drop $20,000↓
Nestled on a sprawling 0.84-acre lot alongside the serene Bayou Grande, this exquisite waterfront estate—including the main home and ADU along with a separate deeded parcel featuring two charming 400 sq ft cottages, each with one bedroom and one bath—epitomizes Southern elegance with a captivating twist on bayou living. This property is not just a residence but an opportunity—a versatile sanctuary perfect for those seeking a permanent home with income potential or a distinctive investment property. With over 160 feet of prime water frontage, this property provides unparalleled access from both land and sea, making it a haven for maritime enthusiasts. As you enter through majestic iron gate beyond the charming cottages there's a detached garage with a cozy 1-bedroom apartment above and a spacious covered carport. The estate's architecture—a seamless blend of French Colonial and ranch styles—creates a timeless ambiance, with panoramic views that sweep across the bayou. The main residence spans 2,500 sq ft and includes two generously-sized bedrooms and two bathrooms, with ample space to expand further. An open floor plan graces the interior, featuring a spectacular double-sided living room with vast sliding glass doors and windows that bathe the space in natural light, affording breathtaking waterfront views. This home is a living museum, adorned with reclaimed materials from the Officers Club at NAS, historic archways from Hotel San Carlos, and custom-crafted railings and doors, each piece narrating a story of Pensacola’s rich heritage. The expansive backyard is an entertainer's paradise, shaded by towering pine and oak trees and lined with a robust seawall on the western boundary for elemental protection. An added allure is the thrill of watching the Blue Angels soar in precision formation right from your backyard, turning ordinary days into spectacular experiences.

Details

Property type

Single Family Residence

Est. home value

$1,572,253

Lot size

0.84 acres

Price per sq ft

$543

Year built

1959

HOA

No

Price History

08/20/2024
Pensacola

Pensacola #649927

Price change
$1,405,000
-1.4%
07/31/2024
Pensacola

Pensacola #649927

Listed
$1,425,000
-4.68%
05/31/2024
Pensacola

Pensacola #646310

Removed
$1,495,000

Schools & Community

Elementary school: 

Navy Point

Middle school: 

Bailey

High school: 

Pensacola

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$560,594
Asking price
$1,405,000
Closing costs (~8% of asking)
-$112,400
Est. remaining loan balance
-$732,006
Cash to seller
$560,594

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Buckhead Mortgage Associates Inc

Loan start date

December 2023

Original loan amount

$736,250

Est. remaining balance

$732,006

Interest rate

7.76%

Loan type

New Conventional, 30 year

Seller

Franklin Chestnut and Sierra Bintliff

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

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Pensacola
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|
3.5 ba
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403 Bayshore Dr Unit A, Pensacola, FL 32507

Status: Active

Tomo last checked: 09/19/2024 at 6:10 PM

Listing updated: 08/21/2024 at 1:14 PM

Listed by: Douglas Addeo, COMMUNITY REALTY ASSOCIATES Phone #: (561) 218-6558

MLS: Pensacola #649927

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