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3118 Bay St , 3118 & 3120

Gulf Breeze, FL 32563
  • $495,000
  • STATUS: Active Under Contract
  • ON SITE: 35 Days
  • MLS #: 680992
Under Contract
UPDATED: 64 min ago
$495,000
  • 6
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,958
    SQFT
  • $167
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1985
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Rare Gulf Breeze duplex opportunity just steps from the Santa Rosa Sound and only .1 miles to the Oriole Beach Boat Ramp. Located on desirable Bay St, this property offers a rare combination of size, flexibility, location, and income potential that is difficult to find in today’s market. With nearly 3,000 square feet total, each side features 3 bedrooms, 2.5 bathrooms, a private 1 car garage, large back deck, generous backyard space, and oversized rooms with plenty of closet and cabinet storage. The layout is both spacious and functional with tile flooring throughout the first floor, a large living room with a wood burning fireplace, a downstairs half bath for guests, washer and dryer hookups, and all three bedrooms upstairs alongside the two full bathrooms. The left unit is currently leased through 2028 at $2,200 per month, providing stable long term income, while the right side is vacant and ready for an owner occupant or new tenant. The vacant unit was recently updated with fresh paint, popcorn ceiling removal, and refreshed bathrooms featuring new vanities, mirrors, faucets, and vanity lighting. This property works well for a variety of buyers whether you are looking to offset your mortgage by living in one side, add a strong long term rental to your portfolio, or explore short term rental potential near the water and boat launch. The oversized 200+ foot deep lot adds additional privacy and outdoor space that is rarely found with duplex properties in this area. Additional features include a 2020 roof and a location just minutes from shopping, dining, beaches, schools, and Pensacola Beach. Opportunities like this in Gulf Breeze are few and far between.

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© 2026 by the Multiple Listing Service of the Pensacola Association of REALTORS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. Data last updated: 2026-06-12T22:54:26.813.
www.thecoastalconnectionpropertysearch.com/homes/176195387
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3118 Bay St , 3118 & 3120 Gulf Breeze, FL 32563

  • Price: $495,000
  • Status: Active Under Contract
  • On Site: 35 Days
  • Updated: 64 min ago
  • MLS #: 680992
6
Beds
4
Baths
0
½ Baths
N/A
Acres
2,958
SQFT
$167
$/SQFT
1985
Built
Neighborhood:
Oriole Beach
County:
Santa Rosa
Area:
Gulf Breeze
Elementary School:
Oriole Beach
Middle School:
Gulf Breeze
High School:
Gulf Breeze
Property Description
Rare Gulf Breeze duplex opportunity just steps from the Santa Rosa Sound and only .1 miles to the Oriole Beach Boat Ramp. Located on desirable Bay St, this property offers a rare combination of size, flexibility, location, and income potential that is difficult to find in today’s market. With nearly 3,000 square feet total, each side features 3 bedrooms, 2.5 bathrooms, a private 1 car garage, large back deck, generous backyard space, and oversized rooms with plenty of closet and cabinet storage. The layout is both spacious and functional with tile flooring throughout the first floor, a large living room with a wood burning fireplace, a downstairs half bath for guests, washer and dryer hookups, and all three bedrooms upstairs alongside the two full bathrooms. The left unit is currently leased through 2028 at $2,200 per month, providing stable long term income, while the right side is vacant and ready for an owner occupant or new tenant. The vacant unit was recently updated with fresh paint, popcorn ceiling removal, and refreshed bathrooms featuring new vanities, mirrors, faucets, and vanity lighting. This property works well for a variety of buyers whether you are looking to offset your mortgage by living in one side, add a strong long term rental to your portfolio, or explore short term rental potential near the water and boat launch. The oversized 200+ foot deep lot adds additional privacy and outdoor space that is rarely found with duplex properties in this area. Additional features include a 2020 roof and a location just minutes from shopping, dining, beaches, schools, and Pensacola Beach. Opportunities like this in Gulf Breeze are few and far between.
Exterior Features

Carport YN No Construction Materials Frame Covered Spaces 1 Fencing Back YardChain Link Foundation Details Slab Garage YN Yes Levels Two Lot Features Interior Lot Parking Features GarageFront EntranceGarage Door Opener Parking Total 1 Patio And Porch Features DeckCovered Deck Pool Features None Roof Shingle

Interior Features

Appliances Water HeaterElectric Water HeaterBuilt In MicrowaveDishwasherRefrigerator Cooling Ceiling Fan(s)Multi UnitsCentral Air Cooling YN Yes Fireplace Features Two or More Fireplace YN Yes Flooring TileCarpet Heating Multi UnitsCentral Heating YN Yes Interior Features BaseboardsCeiling Fan(s)High Speed Internet Laundry Features W/D Hookups Room Kitchen Features Laminate Counters Window Features Double Pane Windows

Property Features

Building Area Total 2958 Electric Circuit BreakersCopper Wiring Green Energy Efficient Insulation Horse YN No Lease Term 12 MonthsNone Listing Agreement Exclusive Right To Sell New Construction YN No Possession Close Of EscrowRental Agreement Property Condition Resale Property Sub Type Duplex Road Responsibility County Maintained Road Sale Rent For Sale Security Features Smoke Detector(s) Sewer Septic Tank Tenant Pays ElectricityTrash CollectionWater/Sewer Utilities Cable Available Water Source Public Zoning Description Res Multi

Listing provided by KELLER WILLIAMS REALTY GULF COAST: 850-471-5000.


© 2026 by the Multiple Listing Service of the Pensacola Association of REALTORS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. Data last updated: 2026-06-12T22:54:26.813.
 
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