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Want to see this home?

501 Lakewood Rd

Pensacola, FL 32507

3 beds
2 baths
1,191 sqft
10,872 sqft lot
$188 per sqft
1949 build
– on site

This newly renovated home offers a perfect blend of modern comfort and charm, ideally located to enjoy all that Pensacola has to offer. With easy access to Downtown Pensacola, Pensacola Beach, and Perdido Key, you'll be just a short walk from the waterfront neighborhood park on Bayou Chico, a short drive to the Mahogany Mill Public Boat Ramp, Island Cove Marina and Pelican's Perch Marina, and just down the road from Pensacola Country Club. Whether you're PCSing to Pensacola NAS, downsizing, looking for a starter home, or seeking a long-term rental property, this home offers convenience and value. Plus, there are currently no restrictions for short-term vacation rentals, and no HOA. Recently updated with a brand-new HVAC system, hot water heater, flooring, paint, lighting fixtures, faucets, ceiling fans, kitchen countertops, back door, and appliances, this home is truly move-in ready. The large laundry room has washer/dryer hookups and additional storage shelves. The attractive new front entry deck adds to the home’s welcoming appeal. The newly installed roof not only boosts the home's aesthetic but can also lower insurance premiums, potentially qualifying you for discounts and providing long-term savings and peace of mind. Situated on just over 1/4 acre of land, the home features a spacious fenced yard, an outdoor storage building perfect for lawn equipment, bikes, and other essentials, plus a paver patio just off the back steps—ideal for lawn chairs and grilling. There’s plenty of room for parking a small boat or trailer as well. This affordable property is also an excellent choice for first-time homebuyers, with potential eligibility for down payment and closing cost assistance programs. Don't miss the chance to own this beautiful home in an unbeatable location—schedule a tour today!

Listing courtesy of PAR / Coldwell Banker Realty

Last checked: Checking… • Last updated Mar 3, 2025 •

MLS# 659001 —

The Building

Year Built:

1949
New Construction:

false
Construction Materials:

Frame
Architectural Style:

Cottage
Levels:

One
Stories:

1
Roof:

Shingle
Foundation Details:

Off Grade
Window Features:

Double Pane Windows
Patio And Porch Features:

Patio
Security Features:

Smoke Detector(s)
Green Energy Efficient:

Insulation
Building Area Total:

1191
Building Area Units:

Square Feet

Interior

Interior Features:

Baseboards
Flooring:

Tile
Living Room Level:

First
Kitchen Level:

First
Kitchen Features:

Updated, Laminate Counters
Dining Room Level:

First
Dining Room Features:

Living/Dining Combo
Laundry Features:

Inside

Room Dimensions

Living Area Units:

Square Feet
Living Area:

1191
Living Room Area:

233.4375
Living Room Length:

20.75
Living Room Width:

11.25
Kitchen Area:

76.666666
Kitchen Length:

10
Kitchen Width:

7.666666
Dining Room Area:

140.930555
Dining Room Length:

12.166666
Dining Room Width:

11.583333
Bedroom Area:

113.4375
Bedroom Length:

11.25
Bedroom Width:

10.083333
Bedroom 1 Area:

137.25
Bedroom 1 Length:

15.25
Bedroom 1 Width:

9
Bedroom 2 Area:

115.5
Bedroom 2 Length:

12.833333
Bedroom 2 Width:

9

Location

Directions:

Barrancas to Lakewood. House on the left across from Ada Wilson Ave.
Latitude:

30.399693
Longitude:

-87.2635

The Property

Parcel Number:

592S301000005021
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Condition:

Resale
Lot Features:

Central Access
Lot Size Acres:

0.2496
Lot Size Area:

0.2496
Lot Size Dimensions:

150 x 75
Lot Size SqFt:

10872.576
Lot Size Units:

Acres
Zoning Description:

County,Res Single
Horse:

false
Other Structures:

Yard Building
Fencing:

Back Yard
Road Responsibility:

County Maintained Road
Property Attached:

false

Listing Agent

Contact info:

Taxes

Tax Legal Description:

LT 5 BLK 21 LAKEWOOD PB 2 P 30/30B OR 7521 P 1377 CA 197

Beds

Bedrooms Total:

3
Bedroom Level:

First
Bedroom 1 Level:

First
Bedroom 2 Level:

First

Baths

Total Baths:

2
Total Baths:

2
Full Baths:

2
Bathroom Features:

Updated

The Listing

Virtual Tour URL Unbranded:

https://www.zillow.com/view-3d-home/181b73d3-4551-44ee-9e44-07b981b4be28/?utm_source=captureapp

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Cable Available
Electric:

Copper Wiring
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Electric Water Heater

Schools

Elementary School:

Warrington Elementary
Middle Or Junior School:

Warrington
High School:

Pensacola

The Community

Subdivision Name:

Lakewood
Pool Features:

None
Association:

false
Association Fee Frequency:

Annually

Parking

Garage:

false
Carport:

false
Parking Features:

Driveway
Open Parking:

true

Monthly cost estimate

Asking price

$225,000

Expense	Monthly cost
Mortgage	$1,204
Taxes	N/A
Insurance	$61
Utilities	$188 See report
Total	$1,453/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
2/12/25 Feb 12, 2025	Listed / Active	PAR	$225,000	125.0%
7/15/24 Jul 15, 2024		PAR	$100,000

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This house located in Southwest Pensacola, Warrington 32507 is currently for sale for $225,000. 501 Lakewood Rd is a 1,191 square foot house with 3 beds and 2 baths that has been on Estately for 26 days. 501 Lakewood Rd is in the Southwest Pensacola neighborhood of Warrington and has a WalkScore® of 23, making it car-dependent. This house is in the attendance area of Warrington Preparatory Academy, Pensacola High School, and Warrington Elementary School.

Listing Courtesy of: PAR and Coldwell Banker Realty.

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