714 E La Rua Street — historically called The Old Spanish Consulate — is one of the rarest investment opportunities to come to market in northwest Florida. This nationally registered Queen Anne Victorian estate, built in 1890 and meticulously restored in 2014, sits at the heart of Pensacola's most prestigious historic neighborhood and operates today as a Airbnb Five-Star Superhost income generating property. The compound spans two beautifully matched structures — a three-story main house with turret suite and fourth-floor loft, and a detached carriage house wrapped around a heated saltwater pool and infinity spa courtyard — totaling 7,574 square feet, 12 suites, and 13.5 private baths across a 0.31-acre lot. This is not a standard income property. It is a legacy asset: a historic destination with strong, documented STR revenue, scarce supply characteristics, and a compelling upside narrative for buyers who recognize the convergence of architectural scarcity, proven hospitality demand, and Pensacola's accelerating coastal tourism market. Showings are by appointment only.