NOT LISTED FOR SALE

Estimated Value: $711,916 - $786,000

2 Beds
2 Baths
1,438 Sq Ft
$893/mo HOA Fee

Last Sold April 04, 2023

Last sale price $700,000 $487 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,533/month

194 Days on Market

Highlights

  • Beach
  • Fitness Center
  • Sitting Area In Primary Bedroom
  • Property fronts gulf or ocean
  • Heated In Ground Pool
  • 4 Acre Lot

About This Home

As of April 2023

Family memories are waiting to be made in this upscale Gulf Front fully furnished 2 bedrooms, 2 bath residence. Relax with family and friends on your private 2nd floor balcony as you take in the sights and sounds of life at the beach! Among the many features of this recently painted unit are granite countertops and stainless-steel appliances in the kitchen, wood look tile flooring throughout the unit, new air conditioning system in 2020, granite countertops in both baths and wet bar area as well as a new dryer in 2021. In addition, there is a storage closet just outside the front door for your beach toys. Also included with the purchase of this unit is a 1 year "Home Warranty Plan" for peace of mind. The Palacio complex offers on-site management, a beautiful Gulf Front pool as well as a heated lap pool, exercise room with state-of-the-art equipment, lighted tennis courts, community room, under complex parking for a limited number of owners, full time maintenance department and restricted building access in the evenings with a front door keypad. Primary residence, second home or investment property Palacio will exceed your expectations! Please click on Virtual Tour link to view the unit.

Last Agent to Sell the Property

Michael Ricketts

MIKE RICKETTS REALTY INC. Listed on: 09/02/2022

Last Buyer's Agent

David Stidham

Crye Leike Gulf Coast Real Estate & Vacation Rentals

Crye Leike Gulf Coast Real Estate & Vacation Rentals

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,937

Year Built

  • Built in 2001

Lot Details

  • 4

HOA Fees

  • $893 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Pillar, Post or Pier Foundation
  • Built-Up Roof
  • Concrete Siding
  • Steel Siding

Interior Spaces

  • 1,438 Sq Ft Home
  • Multi-Level Property
  • Wet Bar
  • Ceiling Fan
  • Combination Dining and Living Room
  • Inside Utility

Kitchen

  • Breakfast Bar
  • Built-In Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Softwood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Sitting Area In Primary Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Granite Bathroom Countertops
  • Tile Bathroom Countertop
  • Dual Vanity Sinks in Primary Bathroom
  • Jetted Tub in Primary Bathroom
  • Spa Bath
  • Separate Shower

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Covered Parking
  • Parking Lot

Pool

  • Heated In Ground Pool
  • Spa

Schools

  • Hellen Caro Elementary School
  • Bailey Middle School
  • Escambia High School

Utilities

  • Central Heating and Cooling System
  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Gazebo

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 353S324200000006

Community Details

Overview

  • Association fees include cable TV, ground maintenance, insurance, management, pest control, trash, water/sewer
  • Palacio Subdivision

Amenities

  • Picnic Area
  • Elevator

Recreation

  • Beach
  • Community Spa

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,937

Year Built

Built in 2001

Lot Details

0

HOA Fees

$893 per month

Listing Details

  • Parcel Number: 353S324200000006
  • Property Type: Residential
  • Year Built: 2001
  • Electric: Circuit Breakers
  • Property Sub Type: Condo
  • Horses: No
  • Lot Size Acres: 4
  • Road Surface Type: Paved
  • Subdivision Name: Palacio
  • Directions: Located 1/2 mile south of the Baars Bridge on Perdido Key Drive between Indigo and Perdido Sun. Unit is located directly on the Gulf of Mexico.
  • Architectural Style: Contemporary
  • Building Name: Palacio At Perdido
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: 8 or More Story
  • New Construction: No
  • Special Features: VirtualTour

Interior Features

  • Spa Features: Bath, Community
  • Private Spa: Yes
  • Appliances: Electric Water Heater, Dryer, Washer, Built In Microwave, Dishwasher, Disposal, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Tile, Simulated Wood
  • Interior Amenities: Baseboards, Ceiling Fan(s), High Speed Internet, Walk-In Closet(s), Wet Bar
  • Living Area: 1438
  • Window Features: Drapes
  • Bedroom/Bathroom Features: Not Updated
  • Dining Room Features: Breakfast Bar, Living/Dining Combo
  • Master Bedroom Master Bedroom Level: First
  • Master Bedroom Master Bedroom Width: 13
  • Master Bedroom Features: Ceiling Fan(s), Sitting Area, Walk-In Closet(s)
  • Room Kitchen Features: Not Updated, Granite Counters, Pantry
  • Room Master Bedroom Area: 273
  • Master Bathroom Features: Double Vanity, Granite Counters, Jetted Tub, Separate Shower, Tile

Exterior Features

  • Roof: Built-Up
  • Pool Features: In Ground, Heated
  • View: Gulf
  • View: Yes
  • Waterfront Features: Gulf, Waterfront, Beach Access, Natural
  • Waterfront: Yes
  • Home Warranty: Yes
  • Construction Type: Concrete, Steel
  • Foundation Details: Pillar/Post/Pier
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Covered, Parking Lot

Utilities

  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)
  • Sewer: Public Sewer
  • Laundry Features: Inside, W/D Hookups
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Beach, Pool, Community Room, Elevator, Fitness Center, Pavilion/Gazebo, Picnic Area, Tennis Court(s)
  • Association Fee: 10711.92
  • Association Fee Frequency: Annually
  • Association: Yes
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Association, Cable TV, Maintenance Grounds, Insurance, Management, Pest Control, Trash, Water/Sewer

Schools

  • Elementary School: Hellen Caro
  • High School: Escambia
  • Middle Or Junior School: Bailey

Lot Info

  • Lot Size Sq Ft: 174240
  • Zoning Description: Res Multi
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2022
Closed on
Apr 4, 2023
Sold by
Harrison Judy
Bought by
Michelle L Mcpherson Trust
Seller's Agent
Michael Ricketts
MIKE RICKETTS REALTY INC.
Buyer's Agent
David Stidham
Crye Leike Gulf Coast Real Estate & Vacation Rentals
List Price
$749,000
Sold Price
$700,000
Premium/Discount to List
-$49,000
-6.54%
Views
59
Current Estimated Value
$745,479

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,479
Avg. Annual Appreciation
2.66%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Michelle L Mcpherson Trust $700,000 Coastal Land Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2023 04/04/23 Sold $700,000 -6.5% $487 / Sq Ft
03/15/2023 03/15/23 Pending -- -- --
09/02/2022 09/02/22 For Sale $749,000 -- $521 / Sq Ft
Source: Pensacola Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,937 $598,208 -- $598,208
2023 $6,937 $483,634 $0 $0
2022 $6,503 $532,060 $0 $532,060
2021 $5,758 $417,020 $0 $0
2020 $5,264 $395,450 $0 $0
2019 $4,752 $345,120 $0 $0
2018 $4,601 $342,244 $0 $0
2017 $4,037 $273,000 $0 $0
2016 $4,104 $273,000 $0 $0
2015 $4,110 $273,000 $0 $0
2014 $3,754 $244,224 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pensacola Association of REALTORS®

MLS Number: 615366

Pensacola Association of REALTORS®

APN: 35-3S-32-4200-000-006