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Harrison Lilly

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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16590 Perdido Key Dr 7a , Perdido Key, FL 32507
$462,000
Est. Payment: $2,343.18/mo
2 Bed
2 Bath
1044 Sqft
Status: active with contingency | Days on site: 54
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
Owner/Operator

House Description

ENJOY THE BEST OF PERDIDO KEY FROM THIS BEAUTIFULLY UPDATED WATERFRONT VILLA LOCATED DIRECTLY ON OLE RIVER WITH DIRECT ACCESS TO THE SUGAR-WHITE SANDS OF THE GULF OF AMERICA JUST ACROSS THE STREET. THIS RARE 2-BEDROOM PLUS LOFT FLOOR PLAN OFFERS THE PERFECT COMBINATION OF WATERFRONT LIVING AND GULF BEACH CONVENIENCE. THE VERSATILE LOFT CAN EASILY SERVE AS A THIRD BEDROOM, HOME OFFICE, OR ADDITIONAL LIVING SPACE, MAKING THIS PROPERTY IDEAL AS A PRIMARY RESIDENCE, VACATION GETAWAY, OR INVESTMENT OPPORTUNITY. Move-in ready and tastefully remodeled, this spacious villa features beautiful kitchen cabinetry, modern appliances, luxury vinyl plank flooring throughout, and an open, airy floor plan filled with natural light. The two spacious bedrooms are complemented by a versatile loft accessed by a spiral staircase, providing additional sleeping space for family and guests. The updated bathrooms and tasteful coastal finishes make this home ready to enjoy from day one. The highlight of the home is the brand-new oversized waterfront balcony, where you can relax with your morning coffee, watch boats cruise along Ole River, enjoy spectacular sunsets, and take in the peaceful waterfront setting right outside your door. Molokai Villas is one of Perdido Key's most unique waterfront communities, offering boat docks on the deep waters of Ole River with quick access to the Gulf of America, a sparkling waterfront pool, assigned parking, and direct access across the street to one of Perdido Key's most beautiful and uncrowded stretches of sugar-white sand. Conveniently located just a short walk along the new Perdido Key multi-use path to The Crab Trap, Ole River Grill, and the world-famous Flora-Bama. MOLOKAI VILLAS IS A TRUE HIDDEN GEM WHERE BOATING, BEACH DAYS, AND WATERFRONT LIVING COME TOGETHER. DON'T MISS THIS RARE OPPORTUNITY TO OWN A BEAUTIFULLY UPDATED VILLA IN ONE OF PERDIDO KEY'S MOST SOUGHT-AFTER WATERFRONT COMMUNITIES.

Highlights

Listed by Jason Smallwood , 850-619-3754 and Laurie Melvin , 850-619-3754 Bastion Realty LLC , 850-420-1959. Pensacola Association of REALTORS®, Inc.

Property Type

Condo/Townhome

Lot/Acreage
2.24

HOA Fee

21829.44 Annually

Year Built

1983

County

Escambia - Fl

Neighborhood

Molokai Villas

Listing ID

685098

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:2
  • Bathrooms:2
  • Full Bathrooms:2
Appliances:Electric Water Heater, Dryer, Washer, Dishwasher, Microwave, Refrigerator
Air Cond:Central Air,Ceiling Fan(s)
Fireplaces:
Other:
  • Additional:Baseboards, Ceiling Fan(s), Recessed Lighting, Bonus Room, Master on Main
Water:Public

Exterior Features

Lot:River Front,Waterfront,Beach Access,Deed Access,Natural
Zoning:Res Multi,Res Single
Roof:Composition
Others:
  • Additional:Balcony, Dock, Resale
Sewer:Public Sewer
Parking Features:Guest
Principal Interest
$2,343
Taxes
$295
HOA
$21,829

Home Price

$462,000

Loan Details

30 yrs
6.529%

Down Payment

20%
$92,400
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,343.18

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $2,343.18 $294.53 $21,829.44 $24,467.14
Yearly $28,118.12 $3,534.30 $261,953.28 $293,605.70
Total $843,543.66 $106,029.00 $7,858,598.40 $8,808,171.06

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Perdido Key, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Pensacola Association of REALTORS®, Inc., and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-20T07:06:24.000Z

© 2026 Pensacola Association of REALTORS®, Inc.