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$449,000 Just Listed
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Property Description
Perfectly positioned in one of downtown Pensacola's most desirable locations, this exceptional property sits directly across from Joe Patti's Seafood and is just a short stroll to Sanders Beach, Maritime Park, Blue Wahoos Stadium, and the vibrant shops, restaurants, and nightlife of Palafox Street. Everything that makes downtown Pensacola special is right outside your door! Thoughtfully designed for both everyday living and exceptional rental potential, this home features three spacious bedrooms, each with its own private en-suite bathroom, offering comfort and privacy for family, guests, or vacation renters. The light-filled open-concept living space showcases granite countertops, premium appliances, and an effortless flow to multiple outdoor decks-perfect for entertaining, relaxing with your morning coffee, or enjoying fireworks after a Blue Wahoos game. A rare detached garage adds valuable storage and convenience, while the seller has already invested in professionally designed plans for an accessory dwelling unit (ADU) above the garage. This presents an incredible opportunity for future guest quarters, a private home office, or an additional income-producing rental. The property's proven rental history makes it an outstanding investment opportunity. Previously operated as a successful short-term vacation rental and currently leased through the end of August, it offers immediate income with the flexibility to continue renting or make it your own afterward. With an acceptable offer, the home conveys fully furnished-including all appliances-creating a truly turnkey opportunity for investors, second-home buyers, or anyone looking to experience the best of downtown Pensacola living. Opportunities like this are rare. Whether you're searching for a high-performing investment, a lock-and-leave coastal retreat, or a beautiful primary residence in the of heart downtown, 721 W Zarragossa St. delivers location, lifestyle, and limitless potential. Schedule a showing today!
Full Property Details
Full Property Details for 721 W Zarragossa St
General
- Price: $449,000
- Status: Active
- Type: Single Family
- Source: Pensacola
- MLS ID: 686149
- Updated: 7/20/2026
- Added to Site: 2 day(s) ago
Interior
- Appliances: Tankless Water Heater/Gas, Built In Microwave, Dishwasher
- Flooring: Simulated Wood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 3
- Primary Bedroom: 12 x 12, Second Level, 144 Sq. Ft.
- Bedroom 1: 12 x 10, Second Level, 120 Sq. Ft.
- Bedroom 2: 10 x 10, First Level, 100 Sq. Ft.
Other Rooms
- Kitchen: Updated, Kitchen Island, 12 x 12, First Level, 144 Sq. Ft.
- Dining Room: Living/Dining Combo
Exterior
- Exterior Features: Balcony, Irrigation Well
Parking
- Garage: Yes
- Garage Spaces: 1
- Total Spaces: 2
- Parking Features: Garage, Detached
Location
- County: Escambia - Fl
- Driving Directions: Going West on Main St, turn North on Clubbs St and West on Zarragossa.
School Information
- Elementary School: Global Learning Academy
- Middle School: WORKMAN
- High School: Pensacola
Heating & Cooling
- Cooling Type: Heat Pump, Ceiling Fan(s)
- Heating Type: Heat Pump
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Contemporary
- Construction: Frame
- Roof: Shingle
- Stories/Levels: 2
- Square Feet: 1,216
- Year Built: 2018
- Property Condition: Resale
Lot Features
- Property View: Water
- Lot Size (Acres): 0.0726
- Road Maintenance: Public Maintained Road
- Lot Features: Central Access
- Zoning: Commercial, Res Single
Water Features
- Water View: Yes
Financial Considerations
- Price Per Sq. Ft.: $369.24
Disclosures and Reports
- Property ID: 000S009070019047
Listed by Southern Realty Gulf Coast LLC
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Schools
Schools serving 721 W Zarragossa St
School District:Escambia County School District, Cantonment, FL
| Name | Grades | Distance |
|---|---|---|
Global Learning Academy 100 North P Street, Pensacola, FL 32505 | PK-5 | 1.2 mi |
J. H. Workman Middle School 6299 Lanier Drive, Pensacola, FL 32504 | 6-8 | 5.7 mi |
Pensacola High School 500 West Maxwell Street, Pensacola, FL 32501 | 9-12 | 2.1 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 721 W Zarragossa St
Date
Details
Price
Change
Source
7/20/2026
Listed
$449,000
45.78%
MLS
5/10/2019
Sold
$308,000
—
Public Record
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
Tax History for 721 W Zarragossa St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,717
—
$276,667
10%
2024
$4,717
5%
$251,516
10%
2023
$4,475
24%
$228,651
-3%
2021
$3,617
-13%
$236,271
-24%
2022
$4,134
14%
$311,388
81%
2021
$3,617
407%
$171,790
318%
2019
$713
-41%
$41,119
-62%
2018
$1,218
34%
$106,893
69%
2017
$912
15%
$63,250
25%
2016
$796
20%
$50,600
40%
2015
$664
3%
$36,053
—
2014
$645
-5%
$36,052
—
2013
$680
—
$36,052
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 721 W Zarragossa St
721 W Zarragossa St, Pensacola, FL 32503 (MLS# 686149) is a Single Family property with 3 bedrooms and 3 full bathrooms. 721 W Zarragossa St is currently listed for $449,000 and was received on July 20, 2026. Want to learn more about 721 W Zarragossa St? 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.

