# 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 22 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 | 22 |

## 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
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 ~

## 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-f362512573r.jpg)

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

---

**MLS#:** 683654 | **Updated:** 2026-06-25
**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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