For sale - Active

503 Mandalay Dr, Pensacola FL 32507

Beds
2
Bathrooms
2
sqft
1,147
sq.ft
$275

About this place

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~

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Property Highlights

Property type Single Family Residence
Bedrooms 2
Bathrooms 2
Status Active
City Pensacola
Zip 32507
Square feet 1,147 sqft
County Escambia - Fl
Subdivision Lakewood
Updated Jun 26, 2026
MLS ID 683654

Exterior Features

Roof See listing details
Construction Features Single Family Residence
Parking 2 spaces
Waterfront Nearby / listed

Interior Features

Bedrooms 2
Bathrooms 2
Square Feet 1,147 sq.ft
Property Type Single Family Residence

Financial Details

List Price $315,000
Estimated Payment $2,016/mo
Price per Sq.Ft $275
Status Active

Location

County Escambia - Fl
City Pensacola
Subdivision Lakewood
ZIP Code 32507

Schools

Elementary School Warrington Elementary
Middle School BAILEY
High School Escambia

503 Mandalay Dr, Pensacola FL 32507 is located in Pensacola, FL 32507

Payment calculator

$2,016 per month 30 year fixed, 7.25% interest

Down payment estimate: $63,000. Taxes, insurance, HOA fees, and lender costs are not included.