A STUNNING turn-key, open-concept remodeled home with an

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Home For Sale

503 Mandalay Dr

Pensacola, Florida 32507

Escambia County Water View: Yes

Community: Lakewood

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$320,000 2 br, 2.0 bath 1147 sq. ft. 0.460 acres

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.

Interior:
  • Bedrooms: 2
  • Baths: 2.0
  • Sq Ft: 1147
  • Year Built: 1965
  • Utilities: 
  • Fireplaces: 
  • Stories: 1
  • Heat/AC: Central
  • Garage: Garage, Guest
Exterior:
  • Lot Size: 0.460 acre
  • Lot Dimensions: 
  • View Types: Water
  • Yard: 
  • Siding: Frame
  • Roof: Shingle
  • MLS #: 683654
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Contact Information:
Beach Home For Sale in Pensacola, Florida
Listing Agent: Sherilee Poisson, WaterFrontCity Realty LLC, 850-712-2591, 850-712-2591 Listing Site, Listing Status: Active
Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 7817305
Viewed 2 times.
Updated: Jun 03, 2026

This property is a Home located at 503 Mandalay Dr, Pensacola, Florida 32507, and is currently For Sale at $320,000. This Home has 2 bedrooms, 2.0 baths, 1147 sq ft.