5941 Red Cedar St, Pensacola, FL 32507 - Escambia County

*BRING ANY & ALL OFFERS!!* A Wetland Assessment Study Report has been completed and is available in the MLS docs. Estimated permitting costs range from $10,000-$12,000, assuming a site plan acceptable to federal and state agencies. (Typically, detached structures such as pools, garages, or guest suites are not permitted, though a 10-foot yard adjacent to the residence can generally be allowed within the wetland area.) Come build your dream home on this beautiful 0.42-acre lot, surrounded by Bay and Sound views in the exclusive, gated community of Innerarity Island. Residents enjoy deeded water access, walking trails, a park and playground, a fishing area with dock extension, and basketball and pickleball courts. Nestled on a quiet, no-outlet street, this homesite offers peace, privacy, and natural coastal beauty! Conveniently located just 5 miles from Perdido Key and its beaches, and minutes from Innerarity Point Park, Galvez Landing public boat launch, and the world-famous Hub Stacy's, this property offers the perfect balance of tranquility and accessibility. Discover the peaceful charm and hidden beauty of Innerarity Island, one of Pensacola's best-kept secrets!

Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.