NOT LISTED FOR SALE

502 Port Royal Way Unit 502 Pensacola, FL 32502

Downtown Pensacola Neighborhood

Estimated Value: $486,000 - $499,000

2 Beds
2 Baths
1,268 Sq Ft
$1,097/mo HOA Fee

Last Sold July 08, 2024

Last sale price $487,500 $384 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,411/month

16 Days on Market

Highlights

  • Boat Dock
  • Property Fronts a Bay or Harbor
  • Building Security
  • Pensacola High School Rated A-
  • Fitness Center
  • In Ground Pool

About This Home

As of July 2024

The waterfront condo is located in the highly desirable gated community of Port Royal in downtown Pensacola. Port Royal offers a range of amenities including a large swimming pool, fitness room, covered picnic area, and a community room for social gatherings. The condo itself is situated on the fifth floor, providing beautiful views of the Pensacola Bay, Downtown Pensacola, and Blue Wahoos Stadium. The location is also conveniently close to downtown shopping, restaurants, nightlife, parks, and festivals. Upon entering the condo, you will immediately notice the updated kitchen with brand new floors. The kitchen boasts stainless steel appliances, new cabinets, upgraded lighting, and an eat-in kitchen with views of the Downtown Pensacola. The spacious two-bedroom condo includes an additional space that can be utilized as an office or sitting area. The bathrooms features a double vanity, walk-in closet, and an extra-large tub/shower combo. The condo also comes with 2 deeded parking spaces (1 covered, 1 open space) and an inside storage unit. Association fees cover insurance, exterior maintenance, pool maintenance, the yearly land lease fee, groundskeeping, water, trash collection, cable, and internet.

Last Agent to Sell the Property

Larry Kuhn

Kuhn Realty Listed on: 05/24/2024

Last Buyer's Agent

Eric Milstead

Florida's Top Properties, LLC

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1984

Lot Details

  • Property Fronts a Bay or Harbor
  • Land Lease

HOA Fees

  • $1,097 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction

Interior Spaces

  • 1,268 Sq Ft Home
  • Ceiling Fan
  • Combination Kitchen and Dining Room
  • Tile Flooring
  • Bay Views

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Breakfast Bar

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Remodeled Bathroom
  • 2 Full Bathrooms

Schools

  • Global Learning Academy Elementary School
  • Workman Middle School
  • Pensacola High School

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Electric Water Heater

Additional Features

  • Energy-Efficient Insulation
  • Rip-Rap

Listing and Financial Details

  • Assessor Parcel Number 000S009200502004

Community Details

Overview

  • Association fees include cable TV, ground maintenance, insurance, land lease, maintenance, pest control, trash, water/sewer
  • Port Royal Subdivision

Amenities

  • Picnic Area
  • Game Room
  • Elevator

Recreation

  • Boat Dock
  • Fitness Center
  • Community Pool

Pet Policy

  • Pet Size Limit

Security

  • Building Security
  • Gated Community

Property Details

Home Type

Condominium

Year Built

Built in 1984

Lot Details

0

HOA Fees

$1,097 per month

Listing Details

  • Parcel Number: 000S009200502004
  • Property Type: Residential
  • Year Built: 1984
  • Electric: Circuit Breakers, Copper Wiring
  • Property Sub Type: Condo
  • Horses: No
  • Lot Size Acres: 4.1
  • Subdivision Name: Port Royal
  • Directions: Inside the Gate - Drive to the Tower. Enter in the Lobby. The unit is on your 5th Floor
  • Architectural Style: Traditional
  • Building Name: Port Royal
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Ground Floor
  • New Construction: No
  • Efficiency: Insulated Walls
  • Kitchen Level: First
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Tile
  • Living Area: 1268
  • Bedroom/Bathroom Features: Updated
  • Dining Room Features: Breakfast Bar, Eat-in Kitchen, Kitchen/Dining Combo
  • Master Bedroom Master Bedroom Level: First
  • Master Bedroom Master Bedroom Width: 13
  • Room Kitchen Features: Updated
  • Room Kitchen Area: 160
  • Dining Room Dining Room Level: First
  • Room Master Bedroom Area: 208
  • Room Dining Room Area: 408

Exterior Features

  • Roof: Flat
  • Pool Features: In Ground
  • View: Bay, Water
  • View: Yes
  • Waterfront Features: Bay, Waterfront, Rip Rap
  • Waterfront: Yes
  • Construction Type: Brick, Frame
  • Foundation Details: Slab
  • Property Condition: Resale

Garage/Parking

  • Parking Features: 2 Space/Unit

Utilities

  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)
  • Sewer: Public Sewer
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Pool, Community Room, Dock, Elevator, Fitness Center, Game Room, Gated, Picnic Area, Security/Safety Patrol, Sidewalks
  • Association Fee: 13164.04
  • Association Fee Frequency: Annually
  • Association: Yes
  • Pets Allowed: Yes, Size Limit

Fee Information

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

Schools

  • Elementary School: Global Learning Academy
  • High School: Pensacola
  • Middle Or Junior School: Workman

Lot Info

  • Land Lease: Yes
  • Lot Size Sq Ft: 178596
  • Zoning Description: Res Single
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 12, 1999
Sold by
Mckenna Charles E and Mckenna Myrtle Ruth
Bought by
Gogarty Beverly A
Current Estimated Value
$508,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,250
Interest Rate
7.7%
Source: Public Records

Range of Values:

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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
Gogarty Beverly A $99,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cobb Lauren $390,000
Closed Gogarty Beverly A $73,000
Closed Gogarty Beverly A $74,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2024 07/08/24 Sold $487,500 -2.3% $384 / Sq Ft
06/10/2024 06/10/24 Pending -- -- --
05/24/2024 05/24/24 For Sale $499,000 +69.2% $394 / Sq Ft
08/20/2021 08/20/21 Sold $295,000 -4.8% $233 / Sq Ft
07/23/2021 07/23/21 Pending -- -- --
07/22/2021 07/22/21 For Sale $310,000 -- $244 / 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 -- -- -- --
2023 -- $196,374 $0 $0
2022 $0 $190,655 $0 $0
2021 $692 $115,736 $0 $0
2020 $681 $114,139 $0 $0
2019 $647 $111,573 $0 $0
2018 $635 $109,493 $0 $0
2017 $620 $107,241 $0 $0
2016 $600 $105,036 $0 $0
2015 $605 $104,306 $0 $0
2014 $714 $103,479 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Larry Kuhn

    Seller's Agent in 2024

    Larry Kuhn

    Kuhn Realty

    (850) 384-9707

    19 in this area

    383 Total Sales

    Section Image
  • Eric Milstead

    Buyer's Agent in 2024

    Eric Milstead

    Florida's Top Properties, LLC

    (850) 221-0443

    12 in this area

    90 Total Sales

    Section Image

  • S

    Seller's Agent in 2021

    Sandra Brown

    Better Homes and Gardens Real Estate Main Street Properties

    (850) 607-3447

    1 in this area

    22 Total Sales

    Section Image
  • ASHLEY SHERRILL

    Buyer's Agent in 2021

    ASHLEY SHERRILL

    Avenue Realty

    (850) 572-8411

    2 in this area

    76 Total Sales

    Section Image
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Map

Source: Pensacola Association of REALTORS®

MLS Number: 646170

Pensacola Association of REALTORS®

APN: 00-0S-00-9200-502-004

Florida Escambia County Pensacola 32502 Downtown Pensacola

502 Port Royal Way Unit 502, Pensacola, FL

This home is located at 502 Port Royal Way Unit 502, Pensacola, FL 32502 since 24 May 2024 and is currently estimated at $492,500, approximately $388 per square foot. This property was built in 1984. 502 Port Royal Way Unit 502 is a home located in Escambia County with nearby schools including J.H. Workman Middle School, Pensacola High School, and Episcopal Day School of Christ Church Parish.

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