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503 Mandalay Dr, Pensacola, FL 32507

Lakewood · Escambia - Fl County

Key Facts

2Beds
2Baths
1,147Sq Ft
1965Year Built
0.46Lot (acres)
1Garage

Description

THIS 2 BD-2 FULL BATH HOME WITH POTENTIAL FOR MULTI-PROPETY USE IS A SHOW-STOPPER! Long-time flexible-owner/ part-time-resident has been meticulously remodeling since 2017-present starting with gutting interior down to studs. Roof, electrical, plumbing, sewer converted, vinyl-siding, insulation, HVAC system, water heater replaced 2017-2019. Better than the average new house on the market, this stunner not only sits on just under a half-acre but conveys with a MASSIVE 16' X 32' gambrel-style outbuilding which also had roof & decking replaced in 2017. Exterior of outbuilding was recently painted the same color as the main home & owner just finished its brand new front deck. Once fully converted it would make a great in-law or a fantastic rental. You'd be hard-pressed to find another meticulously crafted remodeled home with all high-end amenities that run throughout, an attached garage along with potential for another home that sits on just under a 1/2 acre lot, within view of Bayou Chico Lakewood Waterfront Park, a mere drive to BOOMING Downtown Pensacola, Naval Base, Naval Hospital, VA, Gulf Beach Hwy., & so much more. NO HOA so bring your recreational toys. Owner says, "property has never flooded & property sits in a no flood zone for cheaper insurance. Owner just had a limestone gravel drive put in & then finished it with custom paver edging & a new front deck paved landing pad...WOW! Call your Realtor to view, you'll be glad you did~

Property Information

Property Type

Residential

Sub-Type

Single Family Residence

Style

Ranch

Year Built

1965

Living Area

1,147 sq ft

Lot Size

0.46 acres

Garage Spaces

1

Parking Spaces

1

Days on Market

47

MLS® Listing#

683654

Property Features

Interior

Kitchen IslandPantryCeiling Fan(s)Recessed LightingVaulted Ceiling(s)Smart Thermostat

Appliances

OvenElectric Water HeaterDryerWasherDishwasherFreezerMicrowaveRefrigeratorSelf Cleaning OvenENERGY STAR Qualified DishwasherENERGY STAR Qualified DryerENERGY STAR Qualified RefrigeratorENERGY STAR Qualified AppliancesENERGY STAR Qualified WasherENERGY STAR Qualified Water Heater

Cooling

Ceiling Fan(s)Central AirENERGY STAR Qualified Equipment

Heating

Central

Flooring

WoodBambooHardwood

Pool

None

Parking

GarageGuest

Patio

Deck

Fencing

Back YardChain Link

Lot Features

Interior Lot

Construction

Frame

Foundation

Slab

Roof

Shingle

Windows

Insulated WindowsDouble Pane WindowsBlinds

Utilities

Cable Available

Sewer

Public Sewer

Water Source

Public

Rooms

  • 10x12First
  • Bathroom 1
  • Dining Room
  • Dining Room
  • Kitchen
  • Master Bedroom17x12First

Schools

Elementary:
Warrington Elementary
Middle:
BAILEY
High:
Escambia

Financial Details

HOA

None

Parcel Number

592S301000002005

Directions

West on Garden St to left onto Barrancas Ave 1.6 miles cross over the Bayou Chico Bridge & turn Right onto Weis /Lakewood Rd for 2miles & then left on Mandalay Dr & home is on the right.

Affordability Calculator

$63,000

Estimated monthly payment

$1,677/mo

Principal $252,000 · Est. interest $351,562 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Pensacola, FL

$348,853
Median Listing Price
74
Median Days on Market
1,614
Median Sq Ft
$200
Median Price / Sq Ft
1,635
Active Listings
  • This home’s price is 10% below the area median.
  • Its price per sq ft is 37% above the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Pensacola, FL.

Location

Map showing the location of 503 Mandalay Dr, Pensacola, FL 32507

Points of Interest in Pensacola, FL

Showing the Pensacola area map.

Nearby Schools

  • SL Jones Christian Academy

    School · 0.6 mi away

  • The House of Prayers Learning Center

    School · 0.7 mi away

  • Warrington Middle School

    Secondary · 0.8 mi away

  • Warrington Elementary School

    Elementary · 1.2 mi away

  • Redeemer Lutheran School

    Elementary · 1.3 mi away

  • Escambia County Public Schools

    Elementary · 1.4 mi away

  • Global Learning Academy

    School · 1.4 mi away

  • Judy Andrews Second Chance Center

    School · 1.5 mi away

  • Escambia Boys' Base

    Secondary · 1.9 mi away

  • Escambia Christian School

    Elementary · 1.9 mi away

  • West Pensacola Elementary School

    Elementary · 1.9 mi away

  • Navy Point Elementary School

    Elementary · 2.0 mi away

  • Oakcrest Elementary School

    Elementary · 2.1 mi away

  • Dixon School of Arts & Sciences

    School · 2.3 mi away

  • Capstone Academy

    School · 2.5 mi away

  • Pensacola Catholic High School

    Secondary · 2.5 mi away

  • Myrtle Grove Elementary School

    Elementary · 2.6 mi away

  • Lakeview Special Education

    School · 2.6 mi away

  • Escambia County School District, Internal Auditing

    School · 2.7 mi away

  • Little Flower Catholic Church

    School · 2.7 mi away

Commute Calculator

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Moving Cost Estimate

EXIT Agents in Pensacola

Listing Courtesy: WaterFrontCity Realty LLC

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of Pensacola Association of REALTORS®, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than EXIT Realty are governed by the PAR Rules and Regulations and detailed information about them includes the name of the listing companies. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. Copyright ©2026 Pensacola Association of REALTORS®, Inc. All Rights Reserved.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by Pensacola. MLS® Listing#683654. © 2026EXIT Realty®. All rights reserved.