About This Home

This 2-bedroom, 2-bathroom single family at 503 Mandalay Dr in Pensacola, FL is listed for $315,000 ($275 per sqft). Built in 1965, the home offers 1,147 sqft of living space on a 0.46 acres lot.

Key Features

  • Built in 1965
  • 0.46 acre lot
  • 1 parking spaces

Property Details

1 story
2 full
1 space
1965

Amenities

ViewA/C
Listing Description

FLEXIBLE SELLER! You are going to LOVE this remarkably detailed remodeled home that sits on a near half-acre leveled lot & conveys with a massive 16' X 32' gambrel-style-outbuilding. In 2018 the entire interior was gutted to the studs & meticulously remodeled from a small 3-bd,1-ba to a STUNNING large open-concept 2-bd, 2-full bath HOME!

Within view of & less than a 100 steps to Lakewood Waterfront Park on Bayou Chico with NO HOA means no restrictions on your recreational toys. A mere drive to Downtown Pensacola, Naval Base, Naval Hospital, & I-110 makes this an ideal investment. Live in the finished home & rent the outbuilding (once converted) or use for the in-laws.

Big ticket items new in 2018-2019 include, Roof, HVAC System, Plumbing, Water Heater, Vinyl Siding, Insulation & Rewiring Throughout the finished home. Interior was recently painted in Behrs (Blue Kiss) & is ready for your personal touch. Hardwood floors in the living area & bedrooms were recently refinished.

A 3/4 wrap-around front deck was just stained. Limestone gravel drive just put in. The outbuilding also has a new front deck with exterior paint in the works....WOW! Lakewood waterfront park is perfect for fishing, children playing or kayaking, in fact, 1.5-2.5 mile paddle puts you at the newly opened Pensacola Beach Park in Downtown Pensacola or pull up your boat to the Oar House Restaurant!

A truly stunning meticulously crafted remodeled home that should not be missed & a rare find with a 1/2 lot this close to water & downtown. Call your Realtor to schedule a viewing...You'll be so glad you did~

Monthly Cost Estimate

$1,685/mo

20% down · 6.5% · 30 years

Principal$228
Interest$1,365
Insurance$92

Estimates only. Actual payments may vary.

Location

503 Mandalay Dr

Pensacola, FL 32507

Lakewood

Property Details

Construction

Frame

Views

Water

Pool Features

Deck

Parking

GuestGarage

Heating

Central

Cooling

Ceiling Fan(s)ENERGY STAR Qualified EquipmentCentral Air

Appliances

Electric Water HeaterDryerWasherDishwasherFreezerMicrowaveRefrigeratorSelf Cleaning OvenENERGY STAR Qualified DishwasherENERGY STAR Qualified DryerENERGY STAR Qualified RefrigeratorENERGY STAR Qualified AppliancesENERGY STAR Qualified WasherENERGY STAR Qualified Water Heater

Questions & Answers

This 2-bedroom, 2-bathroom single family at 503 Mandalay Dr is listed at $315,000 ($275/sqft). The estimated monthly payment is $1,685 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1965, 0.46 acre lot, 1 parking spaces.

This property is listed by Sherilee Poisson and can be reached at 8507122591.

SP

Sherilee Poisson

Agent at WaterFrontCity Realty LLC

(850) 712-2591

Listed by WaterFrontCity Realty LLC · View on Broker Site

MLS# 683654· Source: listhub· 30 days on market

Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

503 Mandalay Dr, Pensacola, FL 32507

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