5th floor Bay (South) View 3BR/2BA unit in the beautiful, gated waterfront Port Royal development just off of Main St and one block from Palafox St. in the heart of Historic Downtown Pensacola. 2112 Sq Ft with a 216 Sq Ft Waterfront Balcony. Originally a 3BR/2BA floor-plan: One of the Bedroom walls has been opened into the main living area for a Larger Living Area with Fantastic 5th-floor views of Beautiful Pensacola Bay. Currently configured as 2 Bedrooms, the opened wall can easily be closed back if 3 Bedrooms are wanted. Features include Updated Windows/Sliding Glass Doors and Quartz Countertops throughout. Recently Painted Interior. New HVAC in 2017. Monthly maintenance fee ($1143.74). Wheelchair accessible updates.
Sold for $699,000
$699,000
506 Port Royal Way, Pensacola, FL 32502
2beds
2,112sqft
Condominium
Built in 1984
-- sqft lot
$837,500 Zestimate®
$331/sqft
$3,009 Estimated rent
Home value
$837,500
$771,000 - $921,000
$3,009/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Frasier Phelps 850-485-2665,
Berkshire Hathaway HomeServices PenFed Realty
Bought with:
Frasier Phelps
Berkshire Hathaway HomeServices PenFed Realty
Source: PAR,MLS#: 636665
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
- Area: 224
- Dimensions: 16 x 14
Kitchen
- Level: First
- Area: 184
- Dimensions: 16 x 11.5
Heating
- Central
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Electric Water Heater, Built In Microwave, Dishwasher, Disposal
Features
- Ceiling Fan(s)
- Flooring: Tile
- Has basement: No
Interior area
- Total structure area: 2,112
- Total interior livable area: 2,112 sqft
Property
Parking
- Total spaces: 1
- Parking features: Carport, Detached
- Carport spaces: 1
Features
- Levels: 4 to 7 Story
- Exterior features: Balcony
- Has private pool: Yes
- Pool features: Gunite, In Ground, Community
- Fencing: Electric
- Has view: Yes
- View description: Bay
- Has water view: Yes
- Water view: Bay
- Waterfront features: Bay
Lot
- Size: 4.08 Acres
- Features: Central Access
Details
- Parcel number: 000s009200506004
- Zoning description: Deed Restrictions,Res Single
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Contemporary
- Property subtype: Condominium
Materials
- Concrete
- Foundation: Slab
- Roof: Clay Tiles/Slate,Flat
Condition
- Resale
- New construction: No
- Year built: 1984
Utilities & green energy
- Electric: Circuit Breakers, Copper Wiring
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: Insulation, Insulated Floors, Insulated Walls
Community & HOA
Community
- Features: Community Room, Elevator, Fitness Center, Gated
- Subdivision: Port Royal
HOA
- Has HOA: Yes
- Services included: Association, Cable TV, Deed Restrictions, Maintenance Grounds, Insurance, Pest Control, Recreation Facility, Trash, Water/Sewer
- HOA fee: $13,725 annually
Location
- Region: Pensacola
Financial & listing details
- Price per square foot: $331/sqft
- Tax assessed value: $614,592
- Annual tax amount: $10,164
- Price range: $699K - $699K
- Date on market: 11/21/2023
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/17/2023 | Sold | $699,000+20.9%$331/sqft |
Source:  PAR #636665 Report a problem | ||
| 10/17/2017 | Sold | $578,000-11.1%$274/sqft |
Source: PAR #520943 Report a problem | ||
| 10/1/2005 | Sold | $650,000+342.5%$308/sqft |
Source: Agent Provided Report a problem | ||
| 12/1/1989 | Sold | $146,900$70/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $10,164 | $614,592 +5.8% |
| 2023 | -- | $580,800 +1.9% |
| 2022 | -- | $570,240 -3.6% |
| 2021 | -- | $591,360 +1.8% |
| 2020 | -- | $580,800 +3.8% |
| 2019 | -- | $559,680 +7.1% |
| 2018 | -- | $522,720 +77.9% |
| 2017 | -- | $293,812 +2.1% |
| 2016 | $4,529 +1% | $287,769 +0.7% |
| 2015 | $4,485 | $285,769 +0.8% |
| 2014 | $4,485 | $283,501 -19.4% |
| 2013 | -- | $351,778 +28.1% |
| 2012 | -- | $274,644 -0.7% |
| 2011 | -- | $276,470 -2% |
| 2010 | -- | $282,247 -5.7% |
| 2009 | -- | $299,379 -6.7% |
| 2008 | -- | $320,971 -9.9% |
| 2007 | -- | $356,100 +1700.3% |
| 2006 | -- | $19,780 -37.5% |
| 2005 | -- | $31,630 -78.2% |
| 2004 | -- | $145,370 +1.9% |
| 2003 | -- | $142,660 +2.4% |
| 2002 | -- | $139,320 +1.6% |
| 2001 | -- | $137,130 +3% |
| 2000 | -- | $133,140 +2.7% |
| 1999 | -- | $129,640 |
Find assessor info on the county website
Neighborhood: Downtown
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Nearby schools
GreatSchools rating
- 2/10Global Learning AcademyGrades: PK-5Distance: 1.8 mi
- 4/10J. H. Workman Middle SchoolGrades: 6-8Distance: 5.8 mi
- 4/10Pensacola High SchoolGrades: 9-12Distance: 2.3 mi
Schools provided by the listing agent
- Elementary: Global Learning Academy
- Middle: WORKMAN
- High: Pensacola
Source: PAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Florida
- Escambia County
- Pensacola
- 32502
- Downtown
- 506 Port Royal Way
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