# 503 Mandalay Dr, Pensacola, FL 32507

> **TL;DR:** 2bd/2ba single family, $320,000 ($279/sqft), built 1965, 1,147 sqft.
> View, A/C. Est. $1,387/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $320,000 |
| Price/sqft | $279 |
| Bedrooms | 2 |
| Bathrooms | 2 full |
| Square Feet | 1,147 |
| Year Built | 1965 |
| Lot Size | 20,038 sqft (0.46 acres) |
| Stories | 1 |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 1 |

## Why This Home Stands Out

- **Views** - Water

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,387 |
| **Total** | **$1,387** |

## Nearby Schools

- **Elementary:** Warrington Elementary
- **Middle:** BAILEY
- **High:** Escambia

## Key Amenities

- View
- A/C

## Property Highlights

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

## Description

### Agent Description
A RARE OPPORTUNITY TO OWN A MULTI-PROPERTY HOMESTEAD within a mere stroll & in view of Bayou Chico Waterfront Park! On nearly a 1/2 acre lot located in desirable Lakewood Subdivision a TRULY STUNNING turn-key open-concept home with attached garage, a MASSIVE 16' X 32' outbuilding which is ready for conversion to a possible in-law or rental AND an outlined space by owner, opposite of the yard for a 3rd home to potentially generate additional revenue awaits! Owner of 26 years undertook a major renovation converting a 3ba/1ba into this GORGEOUS 2BD/2BA HOME from 2018 to present. Walls were gutted down to the studs with NEW BIG TICKET ITEMS to include; Sewer conversion, wiring throughout, updated plumbing, roof & decking on both the finished house & outbuilding, 2.5 ton HVAC, new siding, water heater, 3/4 wrap-around deck (currently stained), front picture window with functional side windows, designer glass-panel front door & refinished hardwood floors in 2025. Throughout this STUNNER from top to bottom, left to right you'll find high-end luxury amenities. Located in desirable Lakewood Subdivision with Bayou Chico Waterfront Park a great place for children, fishing, or kayakers with only a 2.5-3 mile paddle to the Oar House Restaurant on the water, renowned Joe Patties Seafood Market, or the newly opened Waterfront Beach Park in Booming Downtown Pensacola which is only minutes of a drive. Proud owner states,"house has never flooded & withstood all hurricanes!" Front load W/D convey.

## Location

- **Address:** 503 Mandalay Dr, Pensacola, FL 32507
- **County:** Escambia - Fl
- **Neighborhood:** Lakewood
- **Coordinates:** 30.401872, -87.260792
- **Google Maps:** https://www.google.com/maps?q=30.401872,-87.260792

## Listing Agent

- **Name:** Sherilee Poisson
- **Brokerage:** WaterFrontCity Realty LLC
- **Phone:** 8507122591
- **Email:** s.a.poisson@gmail.com

## Primary Photo

![503 Mandalay Dr - Primary Photo](http://lh.rdcpix.com/9e71d6eb838b23bdaceea1ae7487af79l-f3624346859r.jpg)

*43 total photos available on [listing page](https://www.propertysimple.com/listing/503-mandalay-dr-pensacola-fl-32507-l683654)*

---

**MLS#:** 683654 | **Updated:** 2026-06-18
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/503-mandalay-dr-pensacola-fl-32507-l683654)

---

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