3 months on rocket

850 S Palafox St Unit C, Pensacola, FL, 32502

$850,000

Home List Price

$10,000*

Closing Credit

1 Bedroom
1 Full Bath
1,250 SqFt
$680/SqFt
Condo

Location

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850 S Palafox St Unit C, Pensacola$850,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingGuest, Parking Lot, On Street
Year Built2003
HeatingCentral
CoolingCentral Air
WaterfrontBay, Waterfront, Pier
ViewBay, Water
MLS #633202
Lot Size0.50 Acres
StatusActive

About 850 S Palafox St Unit C

LUXURIOUS 3rd Story LOFT overlooking Palafox Pier and Marina (next to Jacos) and Pensacola Bay in Downtown Pensacola! ** This is a one-of-a-kind urban residential loft with direct elevator access! ** Waterfront on both sides, with views of the marina and the Port of Pensacola & literally in the middle of everything that Downtown Pensacola offers! ** Perfect for Using as a weekend getaway or longer, or rent it out to create incredible income - there is simply nothing else like this in Downtown Pensacola! (Rentals are allowed) ** If you know anything about the area, you know that FINDING a waterfront condo, or home, in the heart of Downtown Pensacola is virtually impossible....this is your opportunity to own something extremely rare and exclusive! ** There are only a couple units like this (none available) and most of the residential units within a block or so are priced around $2,000,000 making this one of the most affordable opportunities you will ever find. * The unit itself has it’s own access via an elevator (a fob provides access directly into the unit) and you have your own locked/secure foyer downstairs making it a great choice to either work or live in. * The Owner (who is the Broker of Record) has completely modified the unit, modernizing it and making it truly a masterpiece - over $100,000 has been spent updating the unit in 2023-2024) * Has balcony on the front and accessible balcony on the rear overlooking the Port/Pensacola Bay ** Washer/Dryer Hookups/Closet are in the unit ** Fridge and all installed appliances in the kitchen convey - Owner may convey the kitchen dishes/cutlery and chairs in the front, with a full price offer **** Seller is a licensed Real Estate Broker in FL and AL

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 2003
  • Living Area: 1,250 SqFt

Listing Office:

  • Office Name: MARK DOWNEY & ASSOCIATES, INC.
  • Office Phone: (850) 456-6616
  • Listing Agent: Mark Downey

Interior Features

Interior Information:

  • Appliances: Electric Water Heater, Microwave, Dishwasher, Refrigerator
  • Flooring Type: Tile, Travertine
  • Interior: High Ceilings, Recessed Lighting, Office/Study

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Waterfront: Bay, Waterfront, Pier
  • View: Bay, Water
  • Exterior: Balcony, Dock

Parking Information:

  • Parking: Guest, Parking Lot, On Street

Lot Features

Lot Information:

  • Lot: Interior Lot
  • Lot Size: 0.50 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: SOUTH on Palafox - across from the marina, just before Jacos Restaurant ** Palafox Pier

Price Information

Listing Price Info

Price Summary:

  • List Price: $850,000
  • Price Per SqFt: $680/SqFt

HOA Fees:

  • Amount: $6278
  • Frequency: Annually

Tax Information:

  • Annual Amount: $7,200
  • 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

$286.5K

Med. Price/SqFt

$177

Avg. Days On Market

62

# of Sold Homes

314

850 S Palafox St Unit C vs Pensacola

110 DAYS ON ROCKET

+48 Days

$850,000

+$563.4K More

$680/SqFt

+$502 More

KEY TAKEAWAY

This property is $563.4K more than the Median Sold Price and $502/SqFt more than other homes in Pensacola, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Pensacola MLS
  • MLS Number: #633202

Listing Office:

  • Office Name: MARK DOWNEY & ASSOCIATES, INC.
  • Office Phone: (850) 456-6616
  • Listing Agent: Mark Downey

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: 11/18/2024, 11:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 15, 2019Home Sold
$510,000
Aug 26, 2016Home Sold
$400,000

Tax History

YEARPROP. TAXASSESSMENT
2020$7,200$416,070
2019$5,220$329,130
2018$3,169$335,340

History based on county public records data.

Payment Calculator

$4,833

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,615

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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-709887
7
/10

  • N. B. Cook Elementary School

  • 1310 N 12th Ave

  • 1.88 miles

  • Public Magnet Grades PK-5

school-card-donut-709888
1
/10

  • Global Learning Academy

  • 100 N P St

  • 1.97 miles

  • Public District Grades PK-5

school-card-donut-709889
8
/10

  • Suter Elementary School

  • 501 Pickens Ave

  • 2.42 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $50,000. The most common annual income of people living in Pensacola, FL is less than $35k. Most families are 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 850 S Palafox St Unit C

What is the listing price of this property?

The listing price of 850 S Palafox St Unit C property is $850,000.

What type of property is this?

The property 850 S Palafox St Unit C is a condo located in Pensacola, Florida, 32502.

Is this property for sale now?

Active Listing: 850 S Palafox St Unit C 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 $7,200 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on November 15, 2019 for $510,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 850 S Palafox St Unit C has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 850 S Palafox St Unit C is 1,250 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 850 S Palafox St Unit C is 2003.

Rocket Homes›Florida›Escambia County›Pensacola›32502›850 S Palafox St Unit C

This home is located at 850 S Palafox St Unit C in Pensacola, FL and zip code 32502 in the Downtown Pensacola neighborhood. This 1,250 square foot home, which was built in 2003, sits on a 0.50 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since July 30, 2024 and is currently priced at $850,000.

In October 2024, from all listings sold in Pensacola, FL there were more than 36 sold above asking price, over 163 sold below and more than 85 were sold right at the asked price. The number of listings in Pensacola, FL increased by 4.3% between September 2024 and October 2024. Listings spent 62 days on the market in October 2024, and had a median list price of $286,592 during the same period.

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

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