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$320,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 2 Full Baths
  • 1,147 Sq. Ft.
  • Updated 18 hours ago
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A STUNNING turn-key, open-concept remodeled home with an attached garage & a MASSIVE 16' x 32' outbuilding (ready for conversion to an in-law or investment) awaits! Situated on nearly a half-acre lot in desirable Lakewood Subdivision is a mere stroll & within view from home of Bayou Chico Waterfront Park, perfect for children, fishing, or kayaking with a 2.5-3 mile paddle to the Oar House Restaurant on the water, renowned Joe Patti's Seafood Market, or the newly opened waterfront beach park in Booming Downtown Pensacola! Starting in 2018 owner undertook a major renovation & transformed a 3-bd, 1-ba house into a GORGEOUS 2-bedroom, 2-bath home. Walls were gutted to the studs & several major updates include sewer conversion, wiring throughout, updated plumbing, re-siding, roof & decking on both the house & the outbuilding, a 2.5-ton HVAC system, water heater, 3/4 wrap-around deck (currently stained), front picture window with functional side windows, designer glass-panel front door, & hardwood floors that were refinished in 2025! This stunning home boasts high-end luxury amenities throughout. A 4.5' x 4.5' glass-encased custom-tiled walk-in, quartz cabinet island, quartz countertops. LED recessed lighting, 6" baseboards, new paint in living area & bedrooms, abundant outlets for convenience, light dimmers, bamboo flooring in vaulted entry & SS Appliances. to name a few. A new front deck to the outbuilding is currently under construction. Owner of 26 yrs proudly states, "house has never flooded & withstood all hurricanes! Front-load W/D convey.

Full Property Details for 503 Mandalay Dr

General

  • Price: $320,000
  • Status: Active
  • Type: Single Family
  • Source: Pensacola
  • MLS ID: 683654
  • Updated: 6/3/2026
  • Added to Site: 1 day(s) ago

Interior

  • Interior Features: Baseboards, Ceiling Fan(s), Recessed Lighting, Vaulted Ceiling(s), Smart Thermostat
  • 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
  • Flooring: Bamboo, Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2
  • Primary Bedroom: 17 x 12, First Level, 204 Sq. Ft.
  • Bedroom 1: 10 x 12, First Level, 120 Sq. Ft.

Other Rooms

  • Kitchen: Remodeled, Kitchen Island, Pantry
  • Dining Room: Breakfast Room/Nook, Kitchen/Dining Combo, Living/Dining Combo

Exterior

  • Deck/Patio: Deck

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Total Spaces: 1
  • Parking Features: Garage, Front Entrance, Guest

Location

  • County: Escambia - Fl
  • Subdivision: Lakewood
  • Driving Directions: From downtown to barrancas head over the bayou Chico Bridge turn immediate right at foot of bridge & follow for 1.6 miles to left on Mandalay (across from bayou park) & 2 houses up on right.

School Information

  • Elementary School: Warrington Elementary
  • Middle School: BAILEY
  • High School: Escambia

Heating & Cooling

  • Cooling Type: Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Ranch
  • Construction: Frame
  • Roof: Shingle, Gable
  • Stories/Levels: 1
  • Square Feet: 1,147
  • Year Built: 1965
  • Property Condition: Resale

Lot Features

  • Property View: Bayou, Water
  • Lot Size (Acres): 0.46
  • Street/Road Desc.: Paved
  • Road Maintenance: County Maintained Road
  • Lot Features: Interior Lot
  • Zoning: Res Multi, Res Single
  • Fencing (Description): Back Yard, Chain Link

Water Features

  • Water View: Yes

Financial Considerations

  • Price Per Sq. Ft.: $278.99

Disclosures and Reports

  • Property ID: 592S301000002005

Listed by WaterFrontCity Realty LLC

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Listing agent

— 503 Mandalay Dr —

  • WaterFrontCity Realty LLC

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 503 Mandalay Dr

School District:Escambia County School District, Cantonment, FL
NameGradesDistance
Warrington Elementary School
220 North Navy Boulevard, Pensacola, FL 32507
PK-51.2 mi
Warrington Middle School
450 South Old Corry Field Road, Pensacola, FL 32507
6-80.7 mi
Pensacola High School
500 West Maxwell Street, Pensacola, FL 32501
9-123.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 503 Mandalay Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/03/2026
Listed
$320,000
527.45%
MLS
11/08/1999
Sold
$51,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 503 Mandalay Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$517
—
$65,968
3%
2024
$517
-1%
$64,109
3%
2023
$520
—
$62,242
6%
2021
$521
1%
$58,670
-3%
2022
$515
-1%
$60,430
4%
2021
$521
2%
$57,860
4%
2018
$511
—
$55,506
2%
2017
$512
1%
$54,365
-4%
2019
$508
-1%
$56,560
6%
2016
$512
4%
$53,247
1%
2015
$491
7%
$52,877
1%
2014
$459
-4%
$52,458
1%
2013
$479
—
$51,683
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by WaterFrontCity Realty LLC

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503 Mandalay Dr, Pensacola, FL 32507 (MLS# 683654) is a Single Family property with 2 bedrooms and 2 full bathrooms. 503 Mandalay Dr is currently listed for $320,000 and was received on June 03, 2026. Want to learn more about 503 Mandalay Dr? Do you have questions about finding other Single Family real estate for sale in Pensacola? You can browse all Pensacola real estate or contact a Coldwell Banker agent to request more information.

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