850 S Palafox St Unit C Pensacola, FL 32502
Downtown Pensacola NeighborhoodEstimated payment $5,452/month
Highlights
- Docks
- Pier
- Updated Kitchen
- Pensacola High School Rated A-
- Property Fronts a Bay or Harbor
- 5-minute walk to Plaza Ferdinand VII
About This Home
Exclusive 3rd-floor urban style "industrial" loft with direct elevator private entry, breathtaking views of Palafox Pier & Marina and overlooking Pensacola Bay in the heart of Downtown Pensacola. * The unit has water vistas on both sides of the unit, making it one-of-a-kind getaway that you won't find anywhere else in Pensacola! * Perfect as a weekend retreat, an extended stay, or a lucrative rental property * The units at Palafox Pier are rarely available for purchase * Other nearby residences are priced around $2,000,000 or more, and don't have the waterfront aspect that this has. ***** The unit features private elevator access via a secured fob system, along with a locked and secure foyer downstairs, making it ideal for both residential and even light-commercial office use * The Broker is the owner and has renovated the unit (2023-2024) into a masterpiece. * All of the front windows and doors have JUST been replaced as well (a $40k investment alone) ***** Other features: In-unit washer/dryer (conveys as-is but is barely used); a fully equipped kitchen with all built-in appliances that convey; Exposed brick wall; updated lighting; Surround System (w/ speakers in all rooms including the bathroom); new Water Heater; fresh & modern paint on all walls; plenty of built-in Cabinets; Large Bedroom with French Doors on both sides. **** For $7500, the owner will include all furniture, dishes, counter top appliances, cutlery, and even some of the wall art. * If you are looking for a magnificent showpiece location downtown to enjoy all the major holidays, parades, or simply entertain friends, this is it! * The seller is a licensed RE Broker in FL & AL * There is designated owner parking in rear of unit or you can park in front.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $8,775
Year Built
- Built in 2003
Lot Details
- Property Fronts a Bay or Harbor
HOA Fees
- $523 Monthly HOA Fees
Home Design
- Contemporary Architecture
- Slab Foundation
- Frame Construction
- Metal Roof
- Steel Siding
Interior Spaces
- 1,250 Sq Ft Home
- Multi-Level Property
- High Ceiling
- Recessed Lighting
- Combination Dining and Living Room
- Home Office
- Inside Utility
- Bay Views
Kitchen
- Updated Kitchen
- Breakfast Bar
- Built-In Microwave
- Dishwasher
- Granite Countertops
Flooring
- Tile
- Travertine
Bedrooms and Bathrooms
- 1 Bedroom
- Walk-In Closet
- Remodeled Bathroom
- 1 Full Bathroom
- Granite Bathroom Countertops
- Shower Only
Parking
- 4 Parking Spaces
- Guest Parking
- On-Street Parking
- Parking Lot
Outdoor Features
- Pier
- Docks
- Balcony
Schools
- Global Learning Academy Elementary School
- Workman Middle School
- Pensacola High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Community Details
- Palafox Pier & Yacht Harbour Subdivision
Listing and Financial Details
- Assessor Parcel Number 000S009125000003
Map
Home Values in the Area
Average Home Value in this Area
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 | $8,775 | $621,000 | -- | $621,000 |
| 2023 | $8,775 | $505,494 | $0 | $0 |
| 2022 | $7,850 | $459,540 | $0 | $459,540 |
| 2021 | $7,404 | $422,280 | $0 | $0 |
| 2020 | $7,200 | $416,070 | $0 | $0 |
| 2019 | $5,025 | $329,130 | $0 | $0 |
| 2018 | $5,220 | $335,340 | $0 | $0 |
| 2017 | $3,169 | $174,850 | $0 | $0 |
| 2016 | $3,212 | $174,850 | $0 | $0 |
| 2015 | $3,182 | $171,000 | $0 | $0 |
| 2014 | $3,157 | $167,827 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/29/2025 01/29/25 | Price Changed | $795,000 | -6.5% | $636 / Sq Ft |
| 10/20/2024 10/20/24 | Price Changed | $850,000 | -5.0% | $680 / Sq Ft |
| 08/20/2024 08/20/24 | Price Changed | $895,000 | -2.7% | $716 / Sq Ft |
| 07/15/2024 07/15/24 | Price Changed | $920,000 | -0.5% | $736 / Sq Ft |
| 05/15/2024 05/15/24 | Price Changed | $925,000 | -5.1% | $740 / Sq Ft |
| 03/14/2024 03/14/24 | Price Changed | $975,000 | -1.0% | $780 / Sq Ft |
| 09/12/2023 09/12/23 | For Sale | $985,000 | +31.3% | $788 / Sq Ft |
| 01/25/2023 01/25/23 | Sold | $750,000 | -5.7% | $604 / Sq Ft |
| 01/10/2023 01/10/23 | Pending | -- | -- | -- |
| 06/14/2022 06/14/22 | Price Changed | $795,000 | -11.2% | $640 / Sq Ft |
| 04/13/2022 04/13/22 | For Sale | $895,000 | +75.5% | $721 / Sq Ft |
| 11/14/2019 11/14/19 | Sold | $510,000 | -7.1% | $411 / Sq Ft |
| 09/28/2019 09/28/19 | For Sale | $549,000 | -- | $442 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $400,000 | None Available |
Source: Pensacola Association of REALTORS®
MLS Number: 633202
APN: 00-0S-00-9125-000-003
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