4 months on rocket

705 W Garden St, Pensacola, FL, 32502

$1,990,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo

Location

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705 W Garden St, Pensacola$1,990,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built1908
HeatingWall/Window Unit(s)
CoolingCeiling Fan(s), Multi Unit(s), Gas, Wall/Window Unit(s)
FireplaceTwo or More
MLS #650667
StatusActive

About 705 W Garden St

Looking for a great and unique investment opportunity? Look no further! This incredible historic home in downtown has been lovingly renovated into nine private apartments surrounded by gardens and patios and within walking distance of Palafox Street. This home is a perfect blend of classic charm with modern amenities. Apartments feature wood floors, tiled baths, stained glass, transom lights, some with gas/electric fireplaces, and beautiful woodworking including board and beam ceilings in some of the units. Units vary in size from studio apartments (3), one bedroom suites (5) and one very beautiful and spacious three bedroom two bath apartment. Eight of the nine apartments fully restored and functioning as very successful short term rentals. The projected 20% ROI based on 2023 numbers makes it even more attractive. Plus, the artisan brickwork and surrounding gardens add significant curb appeal, enhancing its overall value.

Property Details

Property Features

Property Information:

  • Year Built: 1908
  • Stories: 2

Listing Office:

  • Office Name: POINTE SOUTH
  • Office Phone: (850) 492-1826
  • Listing Agent: Aaron Robison

Interior Features

Interior Information:

  • Appliances: Water Heater, Dryer, Washer, Dishwasher, Disposal, Microwave, Refrigerator
  • Flooring Type: Wood
  • Fireplace: Two or More

Exterior Features

Exterior Information:

  • Exterior: Balcony

Utilities

Utilities Information:

  • Heating: Wall/Window Unit(s)
  • Cooling: Ceiling Fan(s), Multi Unit(s), Gas, Wall/Window Unit(s)

Other

Directions Information:

  • Directions: Located on the South side of Garden Street. Nearest cross street is A street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,990,000

Tax Information:

  • Annual Amount: $4,964
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Pensacola, FL.

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Pensacola, FL

City

Med. Sold Price

$287.2K

Med. Price/SqFt

$177

Avg. Days On Market

68

# of Sold Homes

270

705 W Garden St vs Pensacola

127 DAYS ON ROCKET

+59 Days

$1,990,000

+$1.7M More

KEY TAKEAWAY

This property is $1.7M more than the Median Sold Price in Pensacola, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Pensacola MLS
  • MLS Number: #650667

Listing Office:

  • Office Name: POINTE SOUTH
  • Office Phone: (850) 492-1826
  • Listing Agent: Aaron Robison

Copyright © 2024 by the Multiple Listing Service of the Pensacola Association of REALTORS® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 11:56:03 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$4,964$374,303
2019$3,976$209,730
2018$3,247$266,100

History based on county public records data.

Payment Calculator

$10K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,033

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-134523
1
/10

  • Global Learning Academy

  • 100 N P St

  • 1.13 miles

  • Public District Grades PK-5

school-card-donut-134524
7
/10

  • N. B. Cook Elementary School

  • 1310 N 12th Ave

  • 1.82 miles

  • Public Magnet Grades PK-5

school-card-donut-134525
4
/10

  • C. A. Weis Elementary School

  • 2701 N Q St

  • 2.33 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,167. The majority of Pensacola, FL residents have income less than $35k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 705 W Garden St

What is the listing price of this property?

The listing price of 705 W Garden St property is $1,990,000.

What type of property is this?

The property 705 W Garden St is a condo located in Pensacola, Florida, 32502.

Is this property for sale now?

Active Listing: 705 W Garden St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $4,964 (source: MLS/based on county public records data).

Which year was this property built?

The year of construction for 705 W Garden St is 1908.

Rocket Homes›Florida›Escambia County›Pensacola›32502›705 W Garden St

This home is located at 705 W Garden St in Pensacola, FL and zip code 32502 in the Downtown Pensacola neighborhood. This home was built in 1908. It has been listed on Rocket Homes since August 14, 2024 and is currently priced at $1,990,000.

While more than 28 listings in Pensacola, FL in November 2024 were sold above asking price, there were more than 67 listings sold at asking price, and more than 156 were sold below. In November 2024 in Pensacola, FL there were 0.8% less homes for sale than in October 2024. Listings spent 68 days on the market in November 2024, and had a median list price of $287,255 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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