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About This Home

This 2-bedroom, 2-bathroom single family at 503 Mandalay Dr in Pensacola, FL is listed for $320,000 ($279 per sqft). Built in 1965, the home offers 1,147 sqft of living space on a 0.46 acres lot.

Agent Description

This INCREDIBLE remodeled spacious open-concept 2-BD, 2BA home on just under a 1/2 acre lot along with a MASSIVE 16' X 32' gambrel-style outbuilding (currently getting a new front deck & exterior painting) IS A MUST-SEE! Within view of & a mere stroll of Bayou Chico with no hoa in Lakewood Subdivision it's perfect for children, fishing & kayaking,

in fact a 1.5-2.5 mile paddle puts you at either the Oar House Restaurant on the water or the newly opened beach park. BOOMING DOWNTOWN PENSACOLA & NAS BASE, are about a 2 mile drive & in fact, you'll have front row seating on your new 3/4 wrap-around stained deck to watch weekly practices by The Blue Angels - WOW!

The Roof, wiring throughout, plumbing, Goodman HVAC System, Rheem Water Heater & vinyl-siding /insulation was done in 2018 after the owner of 26 yrs gutted the interior down to studs. A once small 3-bd/ 1-ba is now a large 2-bd/2-ba open-concept STUNNER!

Owner's craftsmanship, meticulous detailed work in this home, boasting with luxury amenities, will having you saying, "WOW" from the moment you walk-in. Situated mere minutes to BOOMING Downtown Pensacola & the Naval Air Station, Recent upgrades include refinishing of hardwood floors in living area & bedrooms & new paint throughout in (Blue Kiss).

No HOA in Lakewood & with a near half-acre lot & a short stroll from the water you'll have no reason not to bring your recreational toys. The detached outbuilding will make a great in-law or a rental/airbnb situation, once fully converted. Call your Realtor to view...You'll be so glad you did ~

Key Features

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

Property Details

1 story
2 full
1 space
1965

Amenities

ViewA/C

Monthly Cost Estimate

$1,711/mo

20% down · 6.5% · 30 years

Principal$231
Interest$1,387
Insurance$93

Estimates only. Actual payments may vary.

Location

503 Mandalay Dr

Pensacola, FL 32507

Lakewood

Property Details

Construction

Frame

Views

Water

Pool Features

Deck

Parking

GarageGuest

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 $320,000 ($279/sqft). The estimated monthly payment is $1,387 based on 20% down at 6.5% interest.

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 or s.a.poisson@gmail.com.

SP

Sherilee Poisson

Agent at WaterFrontCity Realty LLC

(850) 712-2591

Listed by WaterFrontCity Realty LLC · View on Broker Site

MLS# 683654· Source: listhub· Updated 22 days ago

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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