REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Jack Lara

jack@pensacolaareaproperties.com +1(850) 616-6377

Listed by Jim Harrington • Anchor Realty FL

$ 990,000

Est. payment | -/mo

3 Beds

2 Baths

1,830 SqFt

Save

$ 990,000

Est. payment | -/mo

Save

3 Beds

2 Baths

1,830 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,830 sqft

Price per Sqft $540

Subdivision New City Tract

MLS Listing ID 687225

Style Cottage

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1928

Lot Size 0.420 Acres

Acres 0.42

Property Sub-Type Single Family Residence

Source Pensacola MLS

Property Description

Prime East Hill Development & Investment Opportunity – Rare Double Parcel with Potential Bay Views An exceptional investment and redevelopment opportunity in one of Pensacola's most sought-after neighborhoods. This rare combined property package encompasses two adjoining parcels totaling approximately 135' x 137.5' (18,562± square feet) on a highly desirable corner location in East Hill, directly across from a public park and just minutes from vibrant Downtown Pensacola. Whether you're seeking immediate rental income, a long-term investment, or a premier development opportunity, this property offers outstanding flexibility and upside. The existing homes provide excellent rental potential while future plans are realized, or the parcels may be redeveloped to maximize value. Significant pre-development work has already been completed, including City Planning approvals and documentation for: Demolition permit and clearance Arborist approval for tree removal Approval to subdivide into three residential lots Existing boundary surveys from the original purchase Front yard averaging completed on July 23, 2025, with documentation available The previously approved subdivision configuration consists of: One corner lot measuring approximately 50' x 137.5' Two interior lots measuring approximately 42.5' x 137.5' each The elevated location also offers the potential for Pensacola Bay views from future new construction. Property Details 1301 E. La Rua Street Parcel ID: 0005009025001065 3 Bedrooms | 2 Bathrooms Approximately 1,830 square feet Situated on a 70' x 137.5' (9,583± square foot) lot Zoned R-1AA Medium Density No Historic District restrictions 1305 E. La Rua Street Parcel ID: 0005009025002065 3 Bedrooms | 1 Bathroom Approximately 1,524 square feet Situated on a 65' x 137.5' (0.2052-acre) lot Zoned R-1AA Medium Density No Historic District restrictions Opportunities of this scale are increasingly rare in East Hill. With substantial entitlement work already completed

Location

State FL

County Escambia - Fl

Zoning City

Rooms

Dining Room Eat-in Kitchen

Kitchen Not Updated

Interior

Interior Features Bonus Room

Heating Natural Gas

Cooling Central Air

Flooring Hardwood

Appliance Electric Water Heater

Exterior

Parking Features Garage

Garage Spaces 1.0

Pool None

View Y/N No

Roof Type Shingle

Total Parking Spaces 1

Garage Yes

Building

Lot Description Corner Lot, Interior Lot

Faces Cervantes to South on 13th Ave., home is on the corner of La Rua and 13th.

Story 1

Water Public

Structure Type Frame

New Construction No

Others

Tax ID 000S009025001065/2065

Special Listing Condition As Is

NEARBY SCHOOL & BUSINESS

+1(850) 616-6377

jack@pensacolaareaproperties.com

1301/1305 E La Rua St Pensacola, FL 32501

Jack Lara

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Go tour this home

1301/1305 E La Rua St