#644798, Mark Lee, Listing Office: Levin Rinke Realty
701 S Palafox Unit 3B Pensacola, FL 32502
Property details
About 701 S Palafox Unit 3B
Luxury Marina-View Condo in the Heart of Downtown Pensacola. Experience the best of downtown living in this stunning condo overlooking the Palafox marina. Located in Pensacola’s most desirable complex, this low density (only 9 residences) building offers a perfect blend of modern luxury and unbeatable convenience. Recently refreshed with new paint, the interior boasts elegant finishes by Lacy Phillips Design including beautiful wallpaper, designer light fixtures, and high-end cabinetry that enhance the condos refined aesthetic. The open-concept living area is adorned with rich hardwood floors and built in bookshelves. The luxuriously designed kitchen features a large island, a Wolf gas stove/oven, a Subzero refrigerator, and ample storage with cabinetry on both sides of the island—ideal for both everyday living and entertaining. The primary suite is a beautiful retreat, complete with a custom walk-in closet, bathroom with double sinks, a heated towel warmer, and a private water closet. Relax on your covered balcony with serene marina views, the perfect spot for morning coffee or evening cocktails. Additional highlights include covered parking, private elevator access with only three units per floor, and a secured entrance on Palafox Street. Enjoy the walkability of this prime location—just steps from Palafox Street’s charming shops, the Pensacola Museum of Art, the Saenger Theatre, Wahoos Stadium, and more. These residences rarely come on the market. Don’t miss this rare opportunity to own a sophisticated waterfront condo in the heart of downtown Pensacola! Buyer to verify all measurements and information. Buyer to verify all measurements and information.
Highlights
Virtual tour
Summary
- Full Bathrooms: 2
- Appliances: Refrigerator
- Flooring Type: Hardwood, Tile
- Interior: Baseboards, Bookcases, Crown Molding, High Ceilings, Recessed Lighting
- Total Bedroom Count: 2
- Parking: 1 Space/Unit
- Waterfront: Bay, Waterfront, Natural Shoreline
- View: Bay, Water
- Exterior: Balcony
- Architectural Style: Contemporary
- Heating: Central
- Cooling: Central Air
- List Price: $1,199,000
- Price/SqFt: $761
- HOA Amount: $463
- HOA Frequency: Annually
- Directions: South on Palafox past Main
- Year Built: 2016
- Living Area: 1,574 SqFt
- Lot Size: 0.27 Acres
- MLS Number: 659996
- MLS Name: Pensacola MLS
- Office Name: Levin Rinke Realty
- Office Email: katymcollins@yahoo.com
- Listing Agent: Katy Collins
Copyright © 2025 by the Multiple Listing Service of the Pensacola Association of REALTORS® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/12/2025, 7:20:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹

$1,199,000
701 S Palafox Unit 3B
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
9
N. B. Cook Elementary School
Public Magnet PK-5
1.8 mi
•1310 N 12th Ave
3
Global Learning Academy
Public District PK-5
1.9 mi
•100 N P St
6
Suter Elementary School
Public District KG-5
2.4 mi
•501 Pickens Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $50,000. The majority of Pensacola, FL residents have income less than $<35k annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
Similar homes for sale
Frequently asked questions
About 701 S Palafox Unit 3B
The listing price of 701 S Palafox Unit 3B property is $1,199,000.
The property 701 S Palafox Unit 3B is a condo located in Pensacola, Florida, 32502.
Active Listing: 701 S Palafox Unit 3B is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 701 S Palafox Unit 3B are: N. B. Cook Elementary School (GreatSchools Rating 9/10), Global Learning Academy (GreatSchools Rating 3/10), Suter Elementary School (GreatSchools Rating 6/10), Warrington Middle School (GreatSchools Rating 2/10), Gulf Breeze Middle School (GreatSchools Rating 7/10), Brown Barge Middle School (GreatSchools Rating 8/10), Pensacola High School (GreatSchools Rating 3/10), Camelot Academy of Escambia County (GreatSchools Rating 1/10), Escambia Virtual Academy Franchise (GreatSchools Rating 7/10).
The property at 701 S Palafox Unit 3B has 2 bedrooms and 2 bathrooms.
The property 701 S Palafox Unit 3B is 1,574 SqFt (source: MLS/tax record).
The year of construction for 701 S Palafox Unit 3B is 2016.
This home is located at 701 S Palafox Unit 3B in Pensacola, FL and zip code 32502 in the Downtown Pensacola neighborhood. This 1,574 square foot home, which was built in 2016, sits on a 0.27 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 3, 2025 and is currently priced at $1,199,000.
In April 2025 more than 42 listings in Pensacola, FL were sold above the asking price. During the same period more than 83 listings were sold at asking price, while more than 229 were sold below. Between March and April 2025, Pensacola, FL real estate market has seen increase in the number of listings by 10.4%. In April 2025, listings were on the market for 63 days. During the same period, the median list price in this real estate market was $284,595.