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Harrison Lilly

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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503 Mandalay Dr , Pensacola, FL 32507
$305,000
Est. Payment: $1,546.90/mo
2 Bed
2 Bath
1147 Sqft
Status: active with contingency | Days on site: 78
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
Owner/Operator

House Description

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~

Highlights

Listed by Sherilee Poisson , WaterFrontCity Realty LLC , Pensacola Association of REALTORS®, Inc.

Property Type

Residential

Lot/Acreage
0.46

Year Built

1965

County

Escambia - Fl

Neighborhood

Lakewood

Listing ID

683654

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:2
  • Bathrooms:2
  • Full Bathrooms:2
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
Air Cond:Central Air,Ceiling Fan(s),ENERGY STAR Qualified Equipment
Fireplaces:
Floor:Bamboo,Hardwood
Other:
  • Additional:Baseboards, Ceiling Fan(s), Recessed Lighting, Vaulted Ceiling(s), Smart Thermostat, Master on Main
Water:Public

Exterior Features

Lot:Interior Lot
Garage Capacity:1
Zoning:Res Multi,Res Single
Roof:Shingle,Gable
Others:
  • Additional:Resale
Sewer:Public Sewer
Parking Features:Garage,Front Entrance,Guest
Principal Interest
$1,547
Taxes
$194

Home Price

$305,000

Loan Details

30 yrs
6.529%

Down Payment

20%
$61,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,546.90

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,546.90 $194.44 $0.00 $1,741.34
Yearly $18,562.83 $2,333.25 $0.00 $20,896.08
Total $556,884.88 $69,997.50 $0.00 $626,882.38

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Pensacola, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Pensacola Association of REALTORS®, Inc., and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-20T07:06:24.000Z

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