This property, spanning approximately 11.0618 acres, is zoned HDMU, 25 units per acrea, according to the Escambia County Property Appraiser website, making it suitable for development into apartments, condos, or townhouses. The site features 1.27 acres of wetlands, much of which comprises a lake along the southern boundary, providing natural buffers along with the wetlands on the western boundary.Key features of the property include:458 feet of frontage along Jernigan Road30 feet of frontage along Jo Jo RoadProximity to various amenities and landmarks, including:Approximately 2 miles from the University of West Florida (UWF)Close to Target Shopping Center, Publix, Walmart, and the Baptist Health Care Center on 9 Mile RoadNear West Florida Hospital on University ParkwayAbout 2 miles from Ellyson Clean Air Industrial Park and the University Mall areaThis prime location and natural surroundings make it an attractive site for residential development. This is an equitable interest listing where seller is selling only an option contract or assigning an interest in a contract, such as a purchase and sale agreement or a contract for deed. In this situation, the seller does not have legal title to the property, but the equitable interest gives seller the right to acquire legal title. Buyer to verify all information during due diligence.
Property Details
Property Features
Listing Office:
Office Name: Poppy Properties, LLC
Office Phone: (850) 637-6664
Listing Agent: Tammy Sims
Exterior Features
Exterior Information:
Waterfront: Pond
Lot Features
Lot Information:
Lot Size: 11.06 Acres
Other
Directions Information:
Directions: From Davis Highway west on Olive then north on Cody Lane which turns into Jernigan Road property is on the left just north of dip in road where lakes are.
Price Information
Listing Price Info
Price Summary:
List Price: $1,950,000
Tax Information:
Annual Amount: $6,597
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Pensacola, FL.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$9,800
Per Month
Principal & Interest
$9,733
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$5,913
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Ensley Elementary School
501 E Johnson Ave
Distance between this listing and this school0.79 miles
Public District Grades PK-5
5
/10
Ferry Pass Elementary School
8310 N Davis Hwy
Distance between this listing and this school1.42 miles
Public District Grades PK-5
1
/10
Jackie Harris Preparatory Academy
8190 Pensacola Blvd
Distance between this listing and this school1.92 miles
Public Charter Grades KG-5
Nearby Schools
3
/10
Ferry Pass Middle School
8355 Yancey Ave
Distance between this listing and this school2.49 miles
Public District Grades 6-8
7
/10
Brown Barge Middle School
201 Hancock Ln
Distance between this listing and this school2.70 miles
Public Magnet Grades 6-8
2
/10
Workman Middle School
6299 Lanier Dr
Distance between this listing and this school3.11 miles
Public District Grades 6-8
Nearby Schools
8
/10
West Florida High School/Technical
150 E Burgess Rd
Distance between this listing and this school1.82 miles
Public Magnet Grades 9-12
3
/10
Washington High School
6000 College Pkwy
Distance between this listing and this school3.09 miles
Public District Grades 9-12
2
/10
Success Academy
7045 Wymart Rd
Distance between this listing and this school3.92 miles
The neighbors living near this home have an average income of $54,075. Most Pensacola, FL residents have annual incomes between $35k-100k. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 8605 Jernigan Rd
What is the listing price of this property?
The listing price of 8605 Jernigan Rd property is $1,950,000.
What type of property is this?
The property 8605 Jernigan Rd is land located in Pensacola, Florida, 32514.
Is this property for sale now?
Active Listing: 8605 Jernigan Rd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $6,597 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 19, 2005 for $675,000. (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 8605 Jernigan Rd in Pensacola, FL and zip code 32514 in the Ferry Pass neighborhood. This home sits on a 11.06 acre lot. It has been listed on Rocket Homes since July 29, 2024 and is currently priced at $1,950,000.
In November 2024 more than 28 listings in Pensacola, FL were sold above the asking price. During the same period more than 67 listings were sold at asking price, while more than 156 were sold below. The number of listings in Pensacola, FL decreased by 0.8% between October 2024 and November 2024. Listings spent 68 days on the market in November 2024, and had a median list price of $287,255 during the same period.
From Rocket Homes Real Estate and based on county public records data.