Banana Bay Condos for Sale

Welcome to Banana Bay, a hidden gem nestled in the heart of Escambia County, Florida. This picturesque subdivision offers a perfect blend of coastal charm and modern living, making it an ideal destination for those seeking a serene lifestyle just moments away from the vibrant Gulf Coast.

Banana Bay is renowned for its lush, tropical landscaping and friendly community atmosphere. Residents enjoy access to a variety of amenities, including well-maintained walking paths, inviting green spaces, and a sparkling community pool that beckons on sunny Florida days. The subdivision is also conveniently located near local shops, restaurants, and recreational activities, ensuring that everything you need is just a stone’s throw away.

For those considering a new home, Banana Bay boasts a selection of stunning condos for sale. These thoughtfully designed residences offer spacious layouts and modern finishes, perfect for both relaxation and entertaining. Imagine sipping your morning coffee on a private balcony while taking in the serene views of the surrounding nature. With options ranging from cozy one-bedroom units to expansive three-bedroom condos, there’s something to fit every lifestyle and budget.

Living in Banana Bay means embracing the best of Florida living, from pristine beaches to vibrant cultural experiences. Whether you’re a first-time homebuyer, a retiree looking to downsize, or seeking a vacation getaway, Banana Bay has everything you need to call it home. Explore the available condos today and discover the enchanting lifestyle that awaits you in this charming community!

Newest Banana Bay Condos for Sale

$629,900

4 Beds ⋅ 3 Baths ⋅ 685682 MLS

Turnkey 4BR/3BA Coastal Retreat | Built in 2020 | Main-Level Living | Fully Furnished BUILT IN 2020 and nearly 15 years newer than most homes in the community, this turnkey 4BR/3BA coastal home offers a hard-to-find combination in Perdido Key: newer construction, generous space, zero-step entry, and easy main-level living. From the street, it looks like a charming single-story coastal home. Step inside and discover a surprisingly spacious two-story floor plan. ZERO-STEP ENTRY from the private 2-car paved driveway makes everyday living easy. The main level features an open kitchen, dining, and living area opening to the patio, plus the primary suite, second bedroom, and another full bath. Live comfortably downstairs while keeping the upper level for family and guests. Upstairs, you'll find two additional bedrooms, a third full bath, two flexible bonus rooms, an extra laundry room, and two walk-in closets—ideal for guests, an office, hobbies, or storage. Engineered concrete and steel construction adds durability, storm resilience, and energy efficiency. Relax on your private patio overlooking the green fairways of Lost Key Golf Course, an Arnold Palmer-designed Audubon Sanctuary course. The golf course entrance is just across the street. Enjoy a private community beach on the Intracoastal Waterway, pool, hot tub, fitness center, and sauna. Gulf beaches and Johnson Beach are less than 2 miles away, Flora-Bama is about 15 minutes away, and NAS Pensacola is less than 5 miles from the property. Perfect as a primary residence, second home, or lock-and-leave coastal getaway. Come see it in person—the space may surprise you! All information is deemed reliable but not guaranteed. Buyer/Buyer's Agent to verify measurements, square footage, dimensions, HOA information, restrictions, and other information material to Buyer's purchase decision.

13941 Del Rio Dr, Pensacola

$560,000

3 Beds ⋅ 3 Baths ⋅ 683740 MLS

Now paying ALL OF THE BUYERS CLOSING COST! Your tropical paradise awaits! Driving over the bridge to Perdido Key, the first thing you will see are the brightly-colored townhomes of Banana Bay! You'll feel as if you've been swept away to one of the Dutch Caribbean islands, like Aruba or Curacao, when you drive into the gated community. Whether you're looking for a primary residence, second home, or investment property, this townhome offers the perfect blend of coastal living and resort-style amenities and it comes FULLY FURNISHED! One of the standout features of Banana Bay is its PRIVATE beach on the Intracoastal Waterway. Residents enjoy direct access to a sandy waterfront area that's perfect for relaxing, paddle boarding, kayaking, fishing, or watching some of the most beautiful sunsets on the Gulf Coast. For peace of mind this town home was built with ICF construction. Inside, you'll find a spacious floor plan with almost 1900 SQft. The open living and dining areas make entertaining easy, while the generous bedrooms provide comfort for family and guests alike. Plus a HUGE BONUS room upstairs that makes for an amazing game room/ extra bedroom! Banana Bay offers an impressive list of amenities including a community pool, sauna, fitness center, clubhouse, marina, and private beach access.You also have the Lost Key Golf course directly across the street from you! The community is also conveniently located just minutes from Johnson Beach, Big Lagoon State Park, NAS Pensacola, waterfront restaurants, and the sugar-white sands that make Perdido Key one of Florida's best-kept secrets. Whether you're spending your days boating, fishing, enjoying the beach, Golfing or simply relaxing by the water, this home puts you in the center of everything that makes coastal living so special. Don't miss this one! To set up your private tour or to get the link to the walk through video of this property click the "Contact Joshua" button on the right of this page.

6079 Valhalla Ave, Perdido Key

$589,900

4 Beds ⋅ 3 Baths ⋅ 677154 MLS ⋅ Banana Bay BLDG.

ALL REASONABLE OFFERS WILL BE CONSIDERED. Banana Bay is a gated waterfront community on Perdido Key-one of the most recognizable properties with brightly colored townhomes that whisk you away to island living. This property is nestled along the intracoastal waterway where you can enjoy the beautiful private white sandy beach. This stunning, blue lapiz 3-bedroom (and bonus room/loft), 2.5-bath, 1 car garage townhome is fully furnished and move in ready. Short, long and vacation rentals are permitted. Built in 2017 using ICF, (superior construction), and a metal roof, this property offers strength, energy efficiency, and storm resistance, advantages for long-term ownership and reduced maintenance costs. The property boasts 2,098 sq ft and the open-concept layout that provides generous living and dining areas for owner occupancy and short or long-term rental use. The spacious kitchen is adjacent to the laundry room and features ample cabinetry and functional workspace, flowing seamlessly into the dining area and the main living area for easy entertaining. The primary suite is located on the main level, enhancing privacy and accessibility, and includes an ensuite bath with double vanity, soaking tub, and separate walk-in shower. Two additional bedrooms, a second full bath, and a versatile loft/bonus area provide flexible accommodations. Plenty of storage throughout the home, including the walk-out attic space, supports beach and boating lifestyles. Banana Bay is a 57-unit gated community offering resort-style amenities. Residents enjoy exclusive access to a private sandy beach along with resort-style amenities including a pool, hot tub, sauna, steam room, fitness center, and clubhouse with a kitchen and gathering space. The low HOA fee of $4,620 per year includes cable, internet, trash service, landscaping, and amenity maintenance. With boating, dining, and sugar-white beaches nearby, easy access to Orange Beach and Pensacola, this is Coastal living at its best.

13909 Del Rio Dr Unit #13909, Pensacola

$645,000

3 Beds ⋅ 3 Baths ⋅ 670064 MLS

Enjoy coastal living at the gated waterfront community of Banana Bay on Perdido Key. This 3BR/3BA unfurnished townhome offers over 2,000 sq ft. The main floor includes 2 bedrooms, 2 baths, an open living/dining area, and an updated kitchen with butler’s pantry. Upstairs features a second living area, 3rd bedroom, full bath, bonus room, laundry, and attic storage. Constructed with ICF and steel, the home has a metal roof, gutters, and 2 dedicated parking spots. Step outside to grill the catch of the day on your patio, walk down to the community’s sandy beach, or take a quick dip in the pool. Community amenities include private marina, beach, pool, hot tub, clubhouse, sauna, and fitness center. Low HOA dues. Boat slip in not included and availability is negotiable. Convenient located near Pensacola & Orange Beach. Experience the laid-back beach lifestyle of Perdido Key, perfectly situated near both the Gulf and the Intracoastal.

6050 Valhalla Ave, Pensacola

$945,000

4 Beds ⋅ 3 Baths ⋅ 665058 MLS

Take a slow walk out you back door for the best views of this large white sandy beach, come and relax on the large patio and have a beverage after a long week and watch the freighters and beautiful boats coming up and down the intracoastal waterways, you might just see a dolphin or two traveling to the open water of the Gulf of Florida. The breezes off the water keep you refreshed and cool. Banana Bay is one of best built townhomes on the Key and with stood the hurricane winds and rain of Ivan and Sally. These are constructed with ICF(Interlocking Concrete Forms).To me this has the most spectacular views and is furthest from the water. There is a 8 ft bulk head that will hold the water back. This furnished home(some personal items will be removed)is great for entertaining with a large open floor plan, High ceilings, large windows that let in lots of light, granite countertops, lots of cabinets, tile and hardwood floors, ceiling fans, lots of closet space, new dual A/C unit and metal roof. There is a large bonus room downstairs that can be used as another bedroom for guest or office space. The master upstairs is 13x19 with a sitting area with lots of windows for the sun to shine in. Hardwood floors in all of the bedrooms. Master bath has a large tiled walk-in shower, garden tub, Double vanity and water closet. The additional 2 bedrooms are spacious for your guest or family. This unit also has a single car garage. This is a must see. This unit also comes with a boat slip and has a separate HOA , 380.00 a year. Pays for Cable and Internet, Lawn, Amenities and Trash. This is a gated community with a pool, hot tub, workout room, meeting space and the beautiful beach. This unit is rental unit which has already generated 75-80,000.00 over the last couple years. Bring all offers.

13936 Playa Way, Pensacola

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© Baldwin County Association of Realtors, Inc. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocitysm Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on .