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Sold for $310,000
    • $310,000

    503 Mandalay Dr, Perdido Key, FL 32507

    2beds
    1,147sqft
    Single Family Residence
    Built in 1965
    0.46 Acres Lot
    $310,100 Zestimate®
    $270/sqft
    $1,739 Estimated rent

    Home value

    $310,100

    $295,000 - $329,000

    $1,739/mo

    Zestimate® history
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    What's special

    Mid-century homeAttached garageWood floors
    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~

    Zillow last checked:

    Listing updated:

    Listed by:

    Sherilee Poisson 603-973-3272,

    WaterFrontCity Realty LLC

    Bought with:

    Outside Area Selling Agent

    PAR Outside Area Listing Office

    Source: PAR,MLS#: 683654MLS Logo

    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

    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: $270/sqft
    • Tax assessed value: $150,726
    • Annual tax amount: $647
    • Date on market: 6/3/2026
    • Cumulative days on market: 72 days
    • Road surface type: Paved

    Price history

    DateEventPrice
    10/1/2026Sold$310,000+1.6%$270/sqft
    Source: PAR #683654 Report a problem
    9/30/2026Pending sale$305,000$266/sqft
    Source: PAR #683654 Report a problem
    8/14/2026Contingent$305,000$266/sqft
    Source: PAR #683654 Report a problem
    7/30/2026Price change$305,000-3.2%$266/sqft
    Source: PAR #683654 Report a problem
    6/26/2026Price change$315,000-1.6%$275/sqft
    Source: PAR #683654 Report a problem
    6/3/2026Listed for sale$320,000+4.9%$279/sqft
    Source: PAR #683654 Report a problem
    5/22/2026Listing removed--
    Source: Owner Report a problem
    5/19/2026Listed for sale$305,000+498%$266/sqft
    Source: Owner Report a problem
    11/8/1999Sold$51,000$44/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$647 +25.2%$150,726 +2.1%
    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

    Neighborhood: Barrancas

    Nearby homes

    Nearby schools

    GreatSchools rating
    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.

    Sell for more on Zillow
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    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
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    With Zillow Showcase(estimated)
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