# 503 Mandalay Dr, Pensacola, FL 32507

> **TL;DR:** 2bd/2ba single family, $315,000 ($275/sqft), built 1965, 1,147 sqft.
> View, A/C. Est. $1,685/mo. Listed 30 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $315,000 |
| Price/sqft | $275 |
| 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 | 30 |

## Why This Home Stands Out

- **Views** - Water

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $1,593 |
| Estimated Insurance | $92 |
| **Total** | **$1,685** |

## 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
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~

## 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

## Primary Photo

![503 Mandalay Dr - Primary Photo](http://lh.rdcpix.com/9e71d6eb838b23bdaceea1ae7487af79l-f1281015017r.jpg)

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

---

**MLS#:** 683654 | **Updated:** 2026-08-03
**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.ai/listing/503-mandalay-dr-pensacola-fl-32507-l683654)

---

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