$305,000
503 Mandalay Dr
Pensacola, FL, 32507
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~
Property Details
Price:
$305,000
MLS #:
683654
Status:
Active Under Contract
Beds:
2
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Lakewood
Listed Date:
Jun 3, 2026
Finished Sq Ft:
1,147
Total Sq Ft:
1,147
Lot Size:
20,038 sqft / 0.46 acres (approx)
Year Built:
1965
Schools
Elementary School:
Warrington Elementary
Middle School:
BAILEY
High School:
Escambia
Interior
Appliances
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
Bathrooms
2 Full Bathrooms
Cooling
Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment
Flooring
Bamboo, Hardwood
Heating
Central
Interior Features
Baseboards, Ceiling Fan(s), Recessed Lighting, Vaulted Ceiling(s), Smart Thermostat
Levels
One
Exterior
Architectural Style
Ranch
Construction Materials
Frame
Covered Spaces
1
Fencing
Back Yard, Chain Link
Garage Spaces
1
Green Energy Efficient
Insulation, Lighting, Appliances
Lot Features
Interior Lot
Other Structures
Yard Building
Parking Features
Garage, Front Entrance, Guest
Parking Spots
1
Parking Total
1
Patio And Porch Features
Deck
Roof
Shingle, Gable
Stories
1
View
Bayou, Water
Window Features
Double Pane Windows, Blinds
Financial
HOA Fee Frequency
Annually
HOA Includes
None
Meet Caitlin Schaffstall, a dedicated and passionate Florida Realtor who goes above and beyond to ensure her clients find their dream homes. With a strong commitment to customer service, Caitlin takes pride in providing a seamless and positive experience for both buyers and sellers alike. Her genuine interest in helping people achieve their real estate goals has earned her a stellar reputation within the industry. Outside of her successful real estate career, Caitlin cherishes her roles as a l…
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503 Mandalay Dr
Pensacola, FL

