503 Mandalay Dr
Pensacola, FL 32507
$310,000
WOW...A mere stroll to Lakewood Waterfront Park & a half-mile to Island Cove Marina & Pelicans Perch Marina sits this REMARKABLE REMODELED STUNNING PROPERTY! Looking to downsize home yet have room for beloved pets OR extra room for recreational toys? How about a place where you can live in one & rent another to offset bills? This mid-century home with attached garage with a gambrel-style 16' x 32' outbuilding on a near HALF-ACRE checks all boxes! The finished home WITH SEWER & 200 amp makes it an easy connection to the outbuilding. Homes in Lakewood Subdivision were built to stand the test of time & NO HOA...so bring your recreational toys. In 2017-2020 home was gutted down to studs & remodeled from inside out with new roof, plumbing, rewiring, windows, vinyl-siding, insulation, decking, 2.5 ton HVAC System, water heater & more. Wood floors & interior painting were recently done along with a new gravel drive with pave edging & a custom landing pad off the 3/4 wrap-around cedar-stained deck. The roof on home & outbuilding are both 2017. A mere stroll to the waterfront park where you can paddle right to the Oar House Waterfront Restaurant, renowned Joe Patti's Seafood Market or the newly opened Beach Park with trails. Booming Downtown & Naval Air Station are a mere drive, in fact, Pensacola's own 'Blue Angels' practice weekly right over Lakewood, giving you front row seating....WOW! Longtime owner says, "home ...
+ Read More| Listing ID: | 683654 |
|---|---|
| List Price: | $305,000 |
| Close Price: | $310,000 |
| Close Date: | 2026-10-01 |
| Property Type: | Residential |
| Property Sub Type: | Single Family Residence |
| Status: | Closed |
| Bedrooms Total: | 2 |
| Bathrooms Full: | 2 |
| Living Area: | 1,147 |
| Lot Size Square Feet: | 20,037.6 |
| Lot Size Acres: | 0.46 |
| Architectural Style: | Ranch |
| Waterfront?: | No |
| City: | Pensacola |
| County Or Parish: | Escambia - Fl |
| Subdivision Name: | Lakewood |
| Postal Code: | 32507 |
| Year Built: | 1965 |
| Appliances: | Electric Water Heater, Dryer, Washer, Dishwasher, Freezer, Microwave, Refrigerator, Self Cleaning Oven, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Washer, ENERGY STAR Qualified Water Heater |
| Cooling: | Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment |
| Fencing: | Back Yard, Chain Link |
| Flooring: | Bamboo, Hardwood |
| Garage Spaces: | 1 |
| Heating: | Central |
| Interior Features: | Baseboards, Ceiling Fan(s), Recessed Lighting, Vaulted Ceiling(s), Smart Thermostat |
| Lot Features: | Interior Lot |
| Parking Features: | Garage, Front Entrance, Guest |
| Parking Total: | 1 |
| Pool Features: | None |
| Sewer: | Public Sewer |
| State Or Province: | FL |
| Water Source: | Public |
| Association Fee Frequency: | Annually |
| Association Fee Includes: | None |
| Bathrooms Total Integer: | 2 |
| Building Area Total: | 1,147 |
| Garage?: | Yes |
| Heating?: | Yes |
| Levels: | One |
| Living Area Units: | Square Feet |
| Lot Size Area: | 0.46 |
| Other Structures: | Yard Building |
| Parcel Number: | 592S301000002005 |
| Patio And Porch Features: | Deck |
| Property Condition: | Resale |
| Road Responsibility: | County Maintained Road |
| Roof: | Shingle, Gable |
| Utilities: | Cable Available |
| View: | Bayou, Water |
| View?: | Yes |
| Window Features: | Double Pane Windows, Blinds |
| Construction Materials: | Frame |
| Cooling?: | Yes |
| Directions: | Heading West on Garden St to L on Barrancas for 1.6 to right onto Lakewood Rd about a mile to Left onto Mandalay Drive. |
| Door Features: | Insulated Doors, Storm Door(s) |
| Elementary School: | Warrington Elementary |
| Green Water Conservation: | Dual Flush Toilet(s), High Efficiency Toilet(s) |
| High School: | Escambia |
| Leasable Area Units: | Square Feet |
| Middle Or Junior School: | BAILEY |
| Original List Price: | $320,000 |
| Buyer Financing: | VA |
| Covered Spaces: | 1 |
| Foundation Details: | Off Grade |
| Green Energy Efficient: | Insulation, Lighting, Appliances |
| Possession: | Close Of Escrow |
| Road Surface Type: | Paved |
| Stories: | 1 |
| Basement: | false |
| Building Area Units: | Square Feet |
| Electric: | Copper Wiring |
| Lot Size Units: | Acres |
| Kitchen Update Timeline: | 6 TO 10 YRS |
| Bathroom Update Timeline: | 6 TO 10 YRS |
| Homestead: | Yes |
| Sale Subject To Lease: | No |
| Bathroom Update Remarks: | walls, ceilings, tiled shower & bath, floors, vanities |
| Kitchen Update Remarks: | walls, island, plumbing, countertops |
| Sale Factors: | $6000 towards buyers closing costs |
| Price Per Sqft: | 270.27 |
| Sale/Rent: | For Sale |
| Room Bathroom Features: | Remodeled |
| Room Bedroom Area: | 120 |
| Room Bedroom Length: | 10 |
| Room Bedroom Level: | First |
| Room Bedroom Width: | 12 |
| Room Dining Room Features: | Breakfast Room/Nook, Kitchen/Dining Combo, Living/Dining Combo |
| Room Kitchen Features: | Remodeled, Kitchen Island, Pantry |
| Room Master Bedroom Area: | 204 |
| Room Master Bedroom Length: | 17 |
| Room Master Bedroom Level: | First |
| Room Master Bedroom Width: | 12 |
| Zoning Description: | Res Multi, Res Single |
Listing Courtesy of: WaterFrontCity Realty LLC
Listing Agent: Sherilee Poisson
s.a.poisson@gmail.com
Mortgage Calculator
The data on this website relating to real estate for sale comes in part from the IDX Program of the Pensacola Association of REALTORS®.
All information is believed accurate but not guaranteed. The properties displayed may not be all of the properties available through the IDX Program. Any use of this site other than by potential buyers or sellers is strictly prohibited.
© 2026 Pensacola Association of REALTORS®.
Pensacola Association of REALTORS® data last updated on October 08, 2026 06:29 PM - ET.
Property Last Updated: October 08, 2026 06:29 PM - ET
