A Pensacola Beach institution since 1981, Peg Leg Pete’s at 1010 Fort Pickens Road is named for the pirate character immortalized in the original Treasure Island — though the real pirates here are the portions. The oyster bar is one of the finest on the Gulf Coast: raw, steamed, char-grilled Rockefeller, and the legendary house-special preparation served by the dozen in the shadow of a beachside bar that has been doing it right for over four decades. The tiki bar out back opens onto the bay, the prices are honest, the pitchers are cold, and the grouper sandwich is the benchmark by which Pensacola Beach regulars judge every other grouper sandwich they ever eat.