INVESTMENT PROPERTY/PRICE REDUCED....but we got you started with brand new 2023 roof! This 3 bedroom, 1 bath home has so much potential to the right buyer & sits across the street from waterfront homes on Bayou Chico! Zoned MDR in X Flood Zone, this property is only 5 minutes from downtown Pensacola restaurants, shopping, Blue Wahoos & close to Naval Air Station in other direction! Sits on quarter acre lot with big back yard, sidewalks throughout the neighborhood, local parks and water access just a few blocks away! Inside is 1,248 square feet with original parquet wooden floors waiting to be brought back to life. This home needs work but will make a great rental property, Airbnb or residential home. Call today for showing!
Sold for $125,000
$125,000
723 Lakewood Rd, Perdido Key, FL 32507
3beds
1,243sqft
Single Family Residence
Built in 1948
0.25 Acres Lot
$178,900 Zestimate®
$101/sqft
$1,483 Estimated rent
Home value
$178,900
$156,000 - $202,000
$1,483/mo
Zestimate® history
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$1,483/mo
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$671/mo
Est. payment
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Est. payment
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List your homeWhat's special
Zillow last checked: 8 hours ago
Listing updated: March 04, 2026 at 07:04pm
Listed by:
Joe Nacchia 850-865-0482,
Berkshire Hathaway HomeServices PenFed Realty
Bought with:
Chip Smith
EXP Realty, LLC
Source: PAR,MLS#: 621538
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Bedroom
- Level: First
- Area: 99
- Dimensions: 11 x 9
Bedroom 1
- Level: First
- Area: 117
- Dimensions: 9 x 13
Bathroom
- Level: First
- Area: 35
- Dimensions: 7 x 5
Kitchen
- Level: First
- Area: 180.5
- Dimensions: 9.5 x 19
Living room
- Level: First
- Area: 165
- Dimensions: 11 x 15
Heating
- Central, Natural Gas
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Gas Water Heater
- Laundry: Inside, Common Area, Laundry Room
Features
- Storage, Bar, Ceiling Fan(s)
- Flooring: Parquet
- Has basement: No
Interior area
- Total structure area: 1,243
- Total interior livable area: 1,243 sqft
Property
Parking
- Total spaces: 2
- Parking features: Carport, Converted Garage
- Carport spaces: 1
Features
- Levels: One
- Stories: 1
- Pool features: None
- Fencing: Back Yard,Chain Link
- Has view: Yes
- View description: Bayou, Water
- Has water view: Yes
- Water view: Bayou, Water
Lot
- Size: 0.25 Acres
- Features: Interior Lot
Details
- Parcel number: 592s301000015004
- Zoning description: County
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Off Grade
- Roof: Shingle,Gable
Condition
- Resale
- New construction: No
- Year built: 1948
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Perdido Key
- Subdivision: Lakewood
HOA & financial
HOA
- Has HOA: No
Other
Other facts
- Price range: $125K - $125K
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/21/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 12/14/2023 | Listed for rent | $1,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/29/2023 | Listing removed | -- |
Source:  PAR #630222 Report a problem | ||
| 11/3/2023 | Price change | $221,000+0.9%$178/sqft |
Source: PAR #630222 Report a problem | ||
| 10/16/2023 | Price change | $219,000-4.7%$176/sqft |
Source:  Navarre Area BOR #931285 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,566 +31.1% | $111,415 +14.5% |
| 2023 | $1,195 +14.2% | $97,348 +27.1% |
| 2022 | $1,046 +12.2% | $76,583 +30% |
Find assessor info on the county website
Neighborhood: Barrancas
Nearby schools
GreatSchools rating
- 4/10Warrington Elementary SchoolGrades: PK-5Distance: 1.4 mi
- 2/10Warrington Middle SchoolGrades: 6-8Distance: 0.9 mi
- 4/10Pensacola High SchoolGrades: 9-12Distance: 3.1 mi
Schools provided by the listing agent
- Elementary: Warrington Elementary
- Middle: WARRINGTON
- High: Pensacola
Source: PAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Sell for more on Zillow
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$178,900
2% more
+$3,578
With Zillow Showcase(estimated)
$182,478
- Florida
- Escambia County
- Pensacola
- 32507
- Barrancas
- 723 Lakewood Rd