Palacio is a condomunium complex in Perdido Key, Florida. Perdido Key, Florida is an unincorporated community in Escambia County, Florida, United States, between Pensacola, Florida and Orange Beach, Alabama. “Perdido” means “lost” in the Spanish language. The community is located on and named for Perdido Key, a barrier island in northwest Florida and southeast Alabama. The Florida district of the Gulf Islands National Seashore includes the east end of the island, as well as other Florida islands. No more than a few hundred yards wide in most places, Perdido Key stretches some 16 miles (26 km) from near Pensacola to Perdido Pass Bridge near Orange Beach.
Environmentalists and outdoor enthusiasts enjoy Perdido Key because it is one of the few remaining areas of protected wilderness in the Florida Panhandle. Miles of preserves offer opportunities for hiking, kayaking, and bird watching. Dolphin watch excursions and sailing tours are popular with tourists, as are moonlight cruises on the bay. Perdido Key’s two state parks and an expanse of National Seashore offer chances to spot gray foxes and blue herons in the wild. Local outfitters offer guided tours, and self-guided nature trails at Big Lagoon and Johnson Beach allow solitude.
To the south of Perdido Key is the Gulf of Mexico, with its white sand beaches and clear blue waters. North of Perdido Key are Old River and the Intracoastal Waterway. Just north of Old River is the private Ono Island. North of Ono and separated by the Intercoastal Waterway (ICW) is a small area called Innerarity Point and Innerarity Island. This small, private gated island community has mostly single-family homes with a few townhomes at the entrance.