$725,000
208 Pinewood Ln
Pensacola, FL, 32507
INVESTOR OPPORTUNITY ON BAYOU CHICO! Rare chance to own a unique waterfront compound with multiple income-producing possibilities on beautiful Bayou Chico. This one-of-a-kind property includes a charming 2-bedroom, 2 bath main residence situated directly on the water with private dock access, plus a separate 1-bedroom, 1-bath waterfront cottage ideal for rental income, guest accommodations, or multi-generational living. Cottage has 837 square feet of living space. Duplex offers 1152 total square footage. Main home offers 2914 Square foot of living space. Adding even more value is an additional detached structure, equipped with plumbing and electrical, offering endless possibilities for a pool house, workshop, studio, home office, man cave, she shed, or future expansion opportunities. At the front of the property sits a duplex with a shared driveway, creating additional investment potential. The seller is offering both parcels together as one package and will not consider separating the properties, making this a truly unique opportunity for investors, developers, or buyers seeking a waterfront family compound. With multiple structures, waterfront access, a private dock, and tremendous income-producing potential, this Bayou Chico property is ready for its next vision. Schedule your showing today and explore the possibilities!
Property Details
Price:
$725,000
MLS #:
685685
Status:
Active
Beds:
2
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Westerly Heights
Listed Date:
Jul 10, 2026
Finished Sq Ft:
2,914
Total Sq Ft:
2,914
Lot Size:
20,909 sqft / 0.48 acres (approx)
Year Built:
1947
Schools
Elementary School:
West Pensacola
Middle School:
WARRINGTON
High School:
Pensacola
Interior
Appliances
Tankless Water Heater/Gas, Built In Microwave, Dishwasher
Bathrooms
2 Full Bathrooms
Cooling
Central Air, Ceiling Fan(s)
Flooring
Hardwood
Heating
Central
Interior Features
Storage, Baseboards, Ceiling Fan(s), High Ceilings, High Speed Internet
Laundry Features
Inside, W/D Hookups, Common Area
Levels
Two
Exterior
Architectural Style
Contemporary
Community Features
Dock, Fishing, Pavilion/Gazebo
Construction Materials
Brick
Exterior Features
Balcony, Fire Pit, Irrigation Well, Dock
Green Energy Efficient
Insulation, Insulated Floors, Insulated Walls
Parking Features
2 Space/Unit
Patio And Porch Features
Porch
Roof
Shingle
Security Features
Smoke Detector(s)
Spa Features
Heated
Stories
2
View
Bayou, Water
Waterfront Features
Bayou, Waterfront, Natural
Window Features
Double Pane Windows, Storm Window(s), Shutters, Impact Resistant Windows
Financial
HOA Fee Frequency
Annually
Meet Caitlin Schaffstall, a dedicated and passionate Florida Realtor who goes above and beyond to ensure her clients find their dream homes. With a strong commitment to customer service, Caitlin takes pride in providing a seamless and positive experience for both buyers and sellers alike. Her genuine interest in helping people achieve their real estate goals has earned her a stellar reputation within the industry. Outside of her successful real estate career, Caitlin cherishes her roles as a l…
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