We will also be leaving for Pensacola, Florida on Saturday the 5th. We have thought about staying at a place called the purple parrot island resort, it is in Perdido key. Not bad pricing, 600 a week for a one bedroom cottage. You can check out www.vrbo.com if you are looking to rent a condo or home on the water. There prices are not too bad, we stayed in one last year, but it was off season, so the weather wasn't the greatest.
Are you taking a boat? We are going without the boat this is just a little fun trip for the kids.