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About this home
14598 Perdido Key Dr #10 is a home in Ocean Winds Condo, Pensacola. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
This is NOT the sale of the entire property or an individual 0.86-acre lot. The property was formerly a 12-unit condominium. The condominium building was demolished, and what is being sold is a 1/12 ownership interest in the former condominium property/common land. The previous listing agents described it as a 1/12 interest in an approximately 200' x 200' commercially zoned property. The buyer is purchasing the ownership interest/share, not the entire underlying land. Important points that must be disclosed in the listing: Sale is for a 1/12 ownership interest only. Buyer is not purchasing the entire property. Former 12-unit condominium; the building has been demolished. The ownership interest is associated with the former condominium property. Previous listings state there is currently no active HOA and no HOA fees being charged. According to the previous listing information, a buyer would need permission from the other 11 ownership interests to build. Buyer must perform their own due diligence regarding title, development rights, zoning, condominium documents, and the rights associated with the 1/12 interest. This is a unique investment opportunity because the underlying property as a whole is a significantly higher-value asset, but we need to be very careful that the marketing does not imply that the buyer is acquiring the entire parcel.
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$85,000
Time on market
6 days
Monthly payment
About $514/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $341 annual tax bill, insurance.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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