Investor Special in Pensacola – Prime Value-Add Opportunity Excellent investment opportunity in a growing Pensacola market. This 3-bedroom, 1.5-bath home offers 1,680 square feet of living space on an oversized 8,873-square-foot lot, presenting significant potential for renovation, rental income, or redevelopment. Built in 1938 with wood-frame construction, the property is being offered vacant at closing with a clean title. The home requires substantial rehabilitation, including flooring replacement and repairs to the right side of the structure, making it an ideal project for experienced investors, builders, or developers seeking to create value. Conveniently located just minutes from NAS Pensacola, downtown Pensacola, shopping, dining, and major transportation routes. The large lot and strong rental demand in the area further enhance the property's long-term investment appeal. Property is being sold as-is. Cash or renovation financing recommended.
For sale
Price cut: $10K (6/12)
$89,900
1228 S Old Corry Field Rd, Pensacola, FL 32507
3beds
1,806sqft
Single Family Residence
Built in 1938
8,873 Square Feet Lot
$-- Zestimate®
$50/sqft
$-- HOA
What's special
Large lot
- 14 days |
- 901 |
- 25 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Eduardo Mualim 786-464-4348,
IRG CORPORATION 786-464-4348
Source: Stellar MLS,MLS#: O6415480
Originating MLS: Orlando Regional

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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Primary bedroom
- Features: No Closet
- Level: First
Bedroom 2
- Features: No Closet
- Level: First
Bedroom 3
- Features: No Closet
- Level: First
Primary bathroom
- Features: No Closet
- Level: First
Family room
- Features: No Closet
- Level: First
Kitchen
- Features: No Closet
- Level: First
Laundry
- Features: No Closet
- Level: First
Living room
- Features: No Closet
- Level: First
Heating
- Central
Cooling
- Central Air
Appliances
- Included: None, Other
- Laundry: None, Other
Features
- None, Other
- Flooring: Other
- Has fireplace: No
Interior area
- Total structure area: 1,680
- Total interior livable area: 1,806 sqft
Property
Features
- Levels: One
- Stories: 1
- Exterior features: Other
Lot
- Size: 8,873 Square Feet
Details
- Parcel number: 502S305000017004
- Zoning: MDR
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Frame, Wood Siding
- Foundation: Other
- Roof: Other
Condition
- New construction: No
- Year built: 1938
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Other
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: AERO VISTA
HOA
- Has HOA: No
Location
- Region: Pensacola
Financial & listing details
- Price per square foot: $50/sqft
- Tax assessed value: $118,755
- Annual tax amount: $1,616
- Date on market: 6/10/2026
- Cumulative days on market: 15 days
- Ownership: Fee Simple
- Total actual rent: 0
- Road surface type: Concrete, Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,667/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/12/2026 | Price change | $89,900-10%$50/sqft |
Source: | ||
| 6/10/2026 | Listed for sale | $99,900-44.5%$55/sqft |
Source: | ||
| 10/18/2023 | Listing removed | -- |
Source: | ||
| 8/15/2023 | Listed for sale | $180,000-54.9%$100/sqft |
Source: | ||
| 1/4/2011 | Listing removed | $399,000$221/sqft |
Source: ERA Legacy Realty Richardson #393006 Report a problem | ||
| 7/10/2010 | Listed for sale | $399,000$221/sqft |
Source: ERA LEGACY REALTY #393006 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,376 | $118,755 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Barrancas
Nearby schools
GreatSchools rating
- 4/10Warrington Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 2/10Warrington Middle SchoolGrades: 6-8Distance: 1 mi
- 4/10Pensacola High SchoolGrades: 9-12Distance: 4.2 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Florida
- Escambia County
- Pensacola
- 32507
- Barrancas
- 1228 S Old Corry Field Rd





