FLEXIBLE SELLER! You are going to LOVE this remarkably detailed remodeled home that sits on a near half-acre leveled lot & conveys with a massive 16' X 32' gambrel-style-outbuilding. In 2018 the entire interior was gutted to the studs & meticulously remodeled from a small 3-bd,1-ba to a STUNNING large open-concept 2-bd, 2-full bath HOME! Within view of & less than a 100 steps to Lakewood Waterfront Park on Bayou Chico with NO HOA means no restrictions on your recreational toys. A mere drive to Downtown Pensacola, Naval Base, Naval Hospital, & I-110 makes this an ideal investment. Live in the finished home & rent the outbuilding (once converted) or use for the in-laws. Big ticket items new in 2018-2019 include, Roof, HVAC System, Plumbing, Water Heater, Vinyl Siding, Insulation & Rewiring Throughout the finished home. Interior was recently painted in Behrs (Blue Kiss) & is ready for your personal touch. Hardwood floors in the living area & bedrooms were recently refinished. A 3/4 wrap-around front deck was just stained. Limestone gravel drive just put in. The outbuilding also has a new front deck with exterior paint in the works....WOW! Lakewood waterfront park is perfect for fishing, children playing or kayaking, in fact, 1.5-2.5 mile paddle puts you at the newly opened Pensacola Beach Park in Downtown Pensacola or pull up your boat to the Oar House Restaurant! A truly stunning meticulously crafted remodeled home that should not be missed & a rare find with a 1/2 lot this close to water & downtown. Call your Realtor to schedule a viewing...You'll be so glad you did~
For sale
Price cut: $5K (6/26)
$315,000
503 Mandalay Dr, Perdido Key, FL 32507
2beds
1,147sqft
Single Family Residence
Built in 1965
0.46 Acres Lot
$-- Zestimate®
$275/sqft
$-- HOA
What's special
Stunning homeFinished remodeled homeOpen-concept home
- 33 days |
- 831 |
- 49 |
Zillow last checked:
Listing updated:
Listed by:
Sherilee Poisson 603-973-3272,
WaterFrontCity Realty LLC
Source: PAR,MLS#: 683654
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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: $275/sqft
- Tax assessed value: $147,683
- Annual tax amount: $517
- Price range: $315K - $315K
- Date on market: 6/3/2026
- Cumulative days on market: 34 days
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 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 | -- | $34,330 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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.
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Climate risks
Neighborhood: Barrancas
Nearby schools
GreatSchools rating
- 4/10Warrington Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 2/10Warrington Middle SchoolGrades: 6-8Distance: 0.7 mi
- 4/10Pensacola High SchoolGrades: 9-12Distance: 3.2 mi
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.
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
- 503 Mandalay Dr
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