16231 Tarpon Dr Pensacola, FL 32507
Southwest Pensacola Neighborhood
3
Beds
3
Baths
2,568
Sq Ft
0.25
Acres
Highlights
- Deeded Waterfront Access Rights
- Property fronts an intracoastal waterway
- Gated Community
- Docks
- Boat Lift
- Traditional Architecture
About This Home
As of August 2025WATERFRONT PARADISE DIRECTLY ON THE INTRACOASTAL WATERWAY WITH PANORAMIC VIEWS AND PRIVATE BOAT DOCK! Prepare to be captivated by this stunning waterfront residence nestled in the desirable, gated community of Russell Bayou on Innerarity Island. Offering breathtaking views of the Intercoastal Waterway, Ono Island, and Perdido Key, this home is an entertainer's dream and a boater's delight! Step inside and be greeted by an expansive and open-concept living area. The kitchen boasts a large island complemented by sleek stainless steel appliances and plenty of cabinetry. The living room features a lovely triple sliding glass door that opens to an enormous deck, your private oasis for enjoying the water views. Also located on this main level are two generously sized bedrooms with en-suite bathrooms. Ascend to the third floor, dedicated entirely to the primary suite. This private sanctuary includes a laundry room, dual walk-in closets with custom built-in organization, and private balcony where you can savor your morning coffee or evening sunsets. The primary bath features separate sinks and vanities, a relaxing jetted tub, and an oversized tiled shower. The ground floor offers incredible functionality with a closed-in garage space providing ample parking and storage, and feature four garage doors for easy access from the front and rear of the home so you can conveniently bring your boating or fishing gear from the garage to the dock. An interior entrance leads directly into the main living area, offering convenience and security. Additional features include an energy efficient mini-split HVAC system, irrigation system with well, and thoughtfully pre-built design space to incorporate an elevator reaching all three levels of the home. Residents of Russell Bayou enjoy access to a community pool and tennis courts as well as the added security of being a gated community within the gated community of Innerarity Island. This is more than just a home; it's a lifestyle!
Last Agent to Sell the Property
Levin Rinke Realty Brokerage Email: theperdidogirl@gmail.com Listed on: 05/30/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,528
Year Built
- Built in 2012
Lot Details
- 0.25 Acre Lot
- Property fronts an intracoastal waterway
HOA Fees
- $69 Monthly HOA Fees
Parking
- 2 Car Garage
Home Design
- Traditional Architecture
- Pillar, Post or Pier Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 2,568 Sq Ft Home
- 3-Story Property
- Crown Molding
- High Ceiling
- Ceiling Fan
- Recessed Lighting
- Blinds
- Combination Dining and Living Room
- Inside Utility
- Water Views
Kitchen
- Eat-In Kitchen
- Oven
- Built-In Microwave
- Kitchen Island
- Granite Countertops
- Disposal
Flooring
- Softwood
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Full Bathrooms
Outdoor Features
- Deeded Waterfront Access Rights
- Beach Access
- Pier
- Boat Lift
- Docks
- Balcony
- Covered Deck
Schools
- Hellen Caro Elementary School
- Bailey Middle School
- Escambia High School
Utilities
- Multiple cooling system units
- Heating System Mounted To A Wall or Window
- Baseboard Heating
- Agricultural Well Water Source
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 153S323000320008
Community Details
Overview
- Association fees include recreation facility
- Russell Bayou Subdivision
Recreation
- Tennis Courts
- Community Pool
Security
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 5, 2025
Sold by
Lancaster Family Revocable Trust and Lancaster Richard Alan
Bought by
Lancaster Richard Alan and Lancaster Jill S
Purchase Details
Closed on
Jul 30, 2021
Sold by
Sandusky Howard C and Sandusky Sylvia C
Bought by
Lancaster Richard Alan and Lancaster Jill S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$484,000
Interest Rate
3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 30, 2004
Sold by
Russell Bayou Corp
Bought by
Sandusky Howard C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,900
Interest Rate
5.81%
Similar Homes in Pensacola, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $100 | None Listed On Document | |
| Deed | $984,000 | Attorney | |
| Warranty Deed | $229,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $484,000 | New Conventional | |
| Previous Owner | $712,500 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Previous Owner | $206,900 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/19/2025 08/19/25 | Sold | $1,275,000 | -8.6% | $496 / Sq Ft |
| 07/05/2025 07/05/25 | Pending | -- | -- | -- |
| 05/30/2025 05/30/25 | For Sale | $1,395,000 | -- | $543 / Sq Ft |
Source: Pensacola Association of REALTORS®
Tax History Compared to Growth
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 | $10,528 | $810,442 | -- | -- |
| 2023 | $10,528 | $786,837 | $0 | $0 |
| 2022 | $10,322 | $763,920 | $215,000 | $548,920 |
| 2021 | $4,924 | $346,830 | $0 | $0 |
| 2020 | $4,251 | $342,042 | $0 | $0 |
| 2019 | $4,274 | $334,352 | $0 | $0 |
| 2018 | $4,274 | $328,118 | $0 | $0 |
| 2017 | $4,271 | $321,370 | $0 | $0 |
| 2016 | $4,247 | $314,761 | $0 | $0 |
| 2015 | $4,257 | $312,573 | $0 | $0 |
| 2014 | $3,557 | $262,894 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Katherine Justice
Seller's Agent in 2025
Katherine Justice
Levin Rinke Realty
(850) 712-4631
41 in this area
229 Total Sales
-
Kelley Thompson
Seller Co-Listing Agent in 2025
Kelley Thompson
Levin Rinke Realty
(850) 982-8266
29 in this area
70 Total Sales
Map
Source: Pensacola Association of REALTORS®
MLS Number: 665235
APN: 15-3S-32-3000-320-008
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