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 has never flooded" Home is in an "X" zone & sits right outside city limits. This home is a "WOW" factor....call a Realtor to view, you'll be glad you did~
Contingent
Price cut: $10K (7/30)
$305,000
503 Mandalay Dr, Perdido Key, FL 32507
2beds
1,147sqft
Single Family Residence
Built in 1965
0.46 Acres Lot
$-- Zestimate®
$266/sqft
$-- HOA
What's special
Mid-century homeAttached garageWood floors
- 94 days
- 234
- 11
Zillow last checked:
Listing updated:
Listed by:
Sherilee Poisson 603-973-3272,
WaterFrontCity Realty LLC
Source: PAR,MLS#: 683654
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
- Area: 204
- Dimensions: 17 x 12
Bedroom
- Level: First
- Area: 120
- Dimensions: 10 x 12
Heating
- Central
Cooling
- Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment
Appliances
- Included: 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
Features
- Baseboards, Ceiling Fan(s), Recessed Lighting, Vaulted Ceiling(s), Smart Thermostat
- Flooring: Bamboo, Hardwood
- Doors: Insulated Doors, Storm Door(s)
- Windows: Double Pane Windows, Blinds
- Has basement: No
Interior area
- Total structure area: 1,147
- Total interior livable area: 1,147 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage, Front Entrance, Guest
- Garage spaces: 1
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Pool features: None
- Fencing: Back Yard,Chain Link
- Has view: Yes
- View description: Bayou, Water
- Has water view: Yes
- Water view: Bayou, Water
Lot
- Size: 0.46 Acres
- Features: Interior Lot
Details
- Additional structures: Yard Building
- Parcel number: 592s301000002005
- Zoning description: Res Multi,Res Single
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Off Grade
- Roof: Shingle,Gable
Condition
- Resale
- New construction: No
- Year built: 1965
Details
- Warranty included: Yes
Utilities & green energy
- Electric: Copper Wiring
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Green energy
- Energy efficient items: Insulation, Lighting, Appliances
- Water conservation: Dual Flush Toilet(s), High Efficiency Toilet(s)
Community & HOA
Community
- Subdivision: Lakewood
HOA
- Has HOA: No
- Services included: None
Location
- Region: Perdido Key
Financial & listing details
- Price per square foot: $266/sqft
- Tax assessed value: $147,683
- Annual tax amount: $517
- Price range: $305K - $305K
- Date on market: 6/3/2026
- Cumulative days on market: 94 days
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/14/2026 | Contingent | $305,000$266/sqft |
Source:  PAR #683654 Report a problem | ||
| 7/30/2026 | Price change | $305,000-3.2%$266/sqft |
Source: PAR #683654 Report a problem | ||
| 6/26/2026 | Price change | $315,000-1.6%$275/sqft |
Source: PAR #683654 Report a problem | ||
| 6/3/2026 | Listed for sale | $320,000+4.9%$279/sqft |
Source: PAR #683654 Report a problem | ||
| 5/22/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 5/19/2026 | Listed for sale | $305,000+498%$266/sqft |
Source: Owner Report a problem | ||
| 11/8/1999 | Sold | $51,000$44/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $517 -0.5% | $147,683 +9.5% |
| 2023 | $520 +0.9% | $134,820 +21.6% |
| 2022 | $515 -1% | $110,852 +30% |
| 2021 | $521 +1.6% | $85,246 +11.9% |
| 2020 | $512 +0.8% | $76,162 +5.9% |
| 2019 | $508 | $71,889 +29.5% |
| 2018 | $508 -0.4% | $55,506 +2.1% |
| 2017 | $511 -0.3% | $54,365 +2.1% |
| 2016 | $512 +0.1% | $53,247 +0.7% |
| 2015 | $512 | $52,877 +0.8% |
| 2014 | $512 | $52,458 +1.5% |
| 2013 | -- | $51,683 +1.7% |
| 2012 | -- | $50,820 +3% |
| 2011 | -- | $49,340 -2% |
| 2010 | -- | $50,357 +2.7% |
| 2009 | -- | $49,034 +0.1% |
| 2008 | -- | $48,986 +3% |
| 2007 | -- | $47,560 +2.5% |
| 2006 | -- | $46,400 +3% |
| 2005 | -- | $45,050 +3% |
| 2004 | -- | $43,740 +1.9% |
| 2003 | -- | $42,920 +2.5% |
| 2002 | -- | $41,890 |
| 2001 | -- | $41,890 +22% |
| 2000 | -- | $34,330 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Barrancas
Nearby schools
Schools provided by the listing agent
- Elementary: Warrington Elementary
- Middle: BAILEY
- High: Escambia
Source: PAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Similar homes
- $239,0003 bd2 ba1.3k sqft1217 Dexter Ave, Perdido Key, FL 32507For Sale
MLS ID #688182, Linda Stallworth, Gulf Coast Pathway Properties, Inc.. PAR - $259,9003 bd2 ba1.1k sqft5 Brandywine Rd, Pensacola, FL 32507For Sale
MLS ID #684622, John Douglas, Allison James Estates & Home. PAR - $345,0003 bd2 ba1.4k sqft508 Paulding Ave, Perdido Key, FL 32507For Sale
MLS ID #687482, Tonya Zimmern, Levin Rinke Realty. PAR - $255,0003 bd2 ba1.1k sqft1322 Wilson Ave #2, Pensacola, FL 32507For Sale
MLS ID #685290, Lucy Antonetti, Antonetti Investment Realty LLC. PAR
