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Sold for $1,025,000
  • $1,025,000

    701 S Palafox St #3B, Pensacola, FL 32502

    1beds
    1,574sqft
    Condominium
    Built in 2016
    -- sqft lot
    $1,033,700 Zestimate®
    $651/sqft
    $2,809 Estimated rent

    Home value

    $1,033,700

    $930,000 - $1.15M

    $2,809/mo

    Zestimate® history
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    What's special

    Waterfront livingCovered balconyLarge islandElegant finishesOverlooking the palafox marinaSerene marina viewsModern luxury
    Waterfront Living in the Heart of Downtown Pensacola. Experience the best of downtown living in this stunning condo overlooking the Palafox marina. Located in Pensacola’s most desirable complex, this low density (only 9 residences) building offers a perfect blend of modern luxury and unbeatable convenience. Recently refreshed with new paint, the interior boasts elegant finishes by Lacy Phillips Design including beautiful wallpaper, designer light fixtures, and high-end cabinetry that enhance the condo's refined aesthetic. The open-concept living area is adorned with rich hardwood floors and built in bookshelves. The luxuriously designed kitchen features a large island, a Wolf gas stove/oven, a Subzero refrigerator, and ample storage with cabinetry on both sides of the island—ideal for both everyday living and entertaining. The primary suite is a beautiful retreat, complete with a custom walk-in closet, bathroom with double sinks, a heated towel warmer, and a private water closet. Relax on your covered balcony with serene marina views, the perfect spot for morning coffee or evening cocktails. Additional highlights include covered parking, private elevator access with only three units per floor, and a secured entrance on Palafox Street. Enjoy the walkability of this prime location—just steps from Palafox Street’s charming shops, the Pensacola Museum of Art, the Saenger Theatre, Wahoos Stadium, and more. These residences rarely come on the market. Don’t miss this rare opportunity to own a sophisticated waterfront condo in the heart of downtown Pensacola! Buyer to verify all measurements and information. Buyer to verify all measurements and information.

    Zillow last checked:

    Listing updated:

    Listed by:

    Katy Collins 850-261-3333,

    Levin Rinke Realty

    Bought with:

    Mark Lee

    Levin Rinke Realty

    Source: PAR,MLS#: 671963MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 2
    • Full bathrooms: 2
    Primary bedroom
    • Level: First
    • Area: 150
    • Dimensions: 10 x 15
    Office
    • Level: First
    • Area: 99
    • Dimensions: 9 x 11
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Tankless Water Heater/Gas, Refrigerator
    • Laundry: Inside
    Features
    • Baseboards, Bookcases, Crown Molding, High Ceilings, Recessed Lighting
    • Flooring: Hardwood, Tile
    • Doors: Insulated Doors
    • Windows: Impact Resistant Windows
    • Has basement: No
    Interior area
    • Total structure area: 1,574
    • Total interior livable area: 1,574 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: 1 Space/Unit
    Features
    • Levels: 4 to 7 Story
    • Exterior features: Balcony
    • Pool features: None
    • Has view: Yes
    • View description: Bay, Water
    • Has water view: Yes
    • Water view: Bay, Water
    • Waterfront features: Bay, Waterfront, Block/Seawall, Natural, Rip Rap
    Lot
    • Size: 0.27 Acres
    Details
    • Parcel number: 000s009600002003
    • Zoning description: Res Multi

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Contemporary
    • Property subtype: Condominium
    Materials
    • Concrete, Steel
    • Foundation: Pillar/Post/Pier
    • Roof: Metal
    Condition
    • Resale
    • New construction: No
    • Year built: 2016

    Utilities & green energy

    • Electric: Copper Wiring
    • Sewer: Public Sewer
    • Water: Public
    Green energy
    • Energy efficient items: Insulation, Insulated Walls

    Community & HOA

    Community
    • Features: Elevator
    • Subdivision: Palafox Pier & Yacht Harbour
    HOA
    • Has HOA: Yes
    • Services included: Association, Maintenance Grounds, Management, Pest Control, Water/Sewer
    • HOA fee: $5,536 annually
    Location
    • Region: Pensacola

    Financial & listing details

    • Price per square foot: $651/sqft
    • Tax assessed value: $881,440
    • Annual tax amount: $14,630
    • Price range: $1M - $1M
    • Date on market: 10/6/2025
    • Cumulative days on market: 4 days

    Price history

    DateEventPrice
    10/24/2025Sold$1,025,000-6.7%$651/sqft
    Source: PAR #671963 Report a problem
    10/18/2025Pending sale$1,099,000$698/sqft
    Source: PAR #671963 Report a problem
    10/10/2025Contingent$1,099,000$698/sqft
    Source: PAR #671963 Report a problem
    10/6/2025Listed for sale$1,099,000-8.3%$698/sqft
    Source: PAR #671963 Report a problem
    9/4/2025Listing removed$1,199,000$762/sqft
    Source: PAR #659996 Report a problem
    3/3/2025Listed for sale$1,199,000+64.4%$762/sqft
    Source: PAR #659996 Report a problem
    12/21/2016Sold$729,100$463/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$14,630 +4.7%$881,440 +6.7%
    2023$13,975 +4.2%$826,350 +5%
    2022$13,415 +2.8%$787,000 +5.5%
    2021$13,054 +4.2%$746,076 +2.8%
    2020$12,530 +2.1%$725,614 +0.2%
    2019$12,268 $724,040 +13.6%
    2018$12,268 +9.4%$637,470 +10.9%
    2017$11,210 $575,000
    Find assessor info on the county website

    Neighborhood: Downtown

    Nearby schools

    GreatSchools rating
    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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    $1,054,374