Pensacola Beach Homes under $500,000

Pensacola Beach Homes under $500,000

Welcome to Pensacola Beach, Florida, a stunning coastal gem nestled in Escambia County. Known for its pristine white sandy beaches and emerald green waters, Pensacola Beach offers a unique blend of relaxation and adventure. This vibrant destination is not just a paradise for beach lovers; it’s also a community rich in history, culture, and outdoor activities. With a year-round mild climate, residents and visitors alike can enjoy everything from water sports and fishing to exploring the nearby Gulf Islands National Seashore.

For those looking to call this coastal haven home, the real estate market in Pensacola Beach features a variety of options, including charming homes priced under $500,000. Whether you’re a first-time buyer seeking a cozy beach cottage or a savvy investor looking for a vacation rental, there’s something for everyone in this picturesque locale. Imagine waking up to the sound of waves crashing and spending your days basking in the sun or strolling along the iconic Pensacola Beach Pier.

In addition to its breathtaking scenery, Pensacola Beach boasts a welcoming community with access to excellent dining, shopping, and entertainment options. The area is also known for its vibrant festivals and events, which bring residents together to celebrate the unique culture of the Gulf Coast.

Don’t miss your chance to own a piece of paradise in Pensacola Beach. With homes available under $500,000, your dream of coastal living is within reach. Come and discover the perfect blend of relaxation and adventure in this enchanting beach town!

Newest Pensacola Beach Homes under $500,000

1150 Ft Pickens Rd Unit #D2, Pensacola Beach
$449,000
2 Beds ⋅ 2 Baths ⋅ 689607 MLS ⋅ Baywatch BLDG.
Your Pensacola Beach Getaway Awaits! Whether you're looking for a personal beach retreat, an investment property, or the perfect combination of both, this meticulously maintained two-bedroom, two-bathroom condo offers an easy, turnkey opportunity on Pensacola Beach. Thoughtfully cared for and ready to enjoy, the condo features a comfortable open floor plan that makes the most of the space and natural light. With most furnishings included, ownership is simple and low maintenance - whether you're enjoying it yourself or preparing it for rental use. Enjoy gorgeous coastal views and the convenience of having both Gulf-front and Sound-front access right outside your door. Spend your mornings by the Gulf, cast a line from the private fishing pier, or take in the beautiful Sound views just steps from home. The community also offers a swimming pool and picnic grounds, with convenient access to trolley routes, bike paths, restaurants, and all that Pensacola Beach has to offer. One of the property's standout features is its rare two covered parking spaces, a valuable convenience on Pensacola Beach. This is the kind of beach property that allows you to spend less time worrying about upkeep and more time enjoying the lifestyle. Meticulously maintained and ready for its next owner, this condo offers the flexibility to create your own beach escape while also providing an attractive opportunity for rental income. Experience the beauty of Pensacola Beach, the convenience of this exceptional location, and the opportunity to make this beautiful condo your own coastal retreat!

1150 Ft Pickens Rd Unit #D2, Pensacola Beach
1650 Via Deluna Dr Unit #E3, Pensacola Beach
$329,000
1 Beds ⋅ 1 Baths ⋅ 689092 MLS ⋅ VIllas On The Gulf BLDG.
Welcome to Unit E3 at Villas on the Gulf, a fully furnished 1-bedroom, 1-bath off grade condo offering an affordable entry point to Pensacola Beach ownership. Whether you're searching for a personal beach getaway, a second home, or an investment property, this 800 sq ft interior unit delivers flexibility with a lagoon view on both sides and is currently operating as a successful vacation rental and second home. Inside, you'll find tile and laminate flooring throughout for beach living. The main bedroom includes a ceiling fan and an oversized closet for extra storage. Location is everything here — walk to gulf-side beach access just steps from your door, and cross the street to The Local for convenience shopping and food options whenever the craving hits. Villas on the Gulf also offers a large, gated gunite community pool. Whether you're planning weekend escapes, a future retirement retreat, or building your rental portfolio, this condo puts you right in the heart of Pensacola Beach living.

1650 Via Deluna Dr Unit #E3, Pensacola Beach
1150 Ft Pickens Rd Unit #D-6, Pensacola Beach
$429,900
2 Beds ⋅ 2 Baths ⋅ 688584 MLS ⋅ Baywatch BLDG.
Your Pensacola Beach escape is waiting! Remodeled, waterfront views, Walkable, and Ready for you. This condo already features new flooring, a remodeled kitchen with new cabinets, granite countertops, backsplash, under cabinet lighting and a breakfast bar, plus beautifully updated baths with tile showers. Just unpack your bags, grab your flip-flops, and head outside! Enjoy beautiful views of Santa Rosa Sound. Enjoy a cup of coffee on the balcony. When evening arrives, pour your favorite drink, sit back, and watch the sky light up with a gorgeous Pensacola Beach sunset. And this is where Baywatch really shines. The resort-style community offers a private Sound-front beach, community pool, private pier where you can cast a line and fish, and an open communal BBQ area perfect for grilling after a day on the water. Want the Gulf? Public beach access is only 0.2 miles away, making it easy to spend your days on Pensacola Beach's famous white sand and emerald waters. You may find yourself leaving the car parked! Baywatch is located on the trolley stop, and the bike path puts local favorites within easy reach. Peg Leg Pete's is only about a 0.4-mile walk, so dinner, drinks, and live beach-town atmosphere are practically in your backyard. This isn't just a condo — it's your place at the beach. Don't spend another season wishing you owned one. Come see on over, and make Pensacola Beach yours.

1150 Ft Pickens Rd Unit #D-6, Pensacola Beach
1100 Ft Pickens Rd Unit #C4, Pensacola Beach
$489,000
2 Beds ⋅ 3 Baths ⋅ 687882 MLS ⋅ Boardwalk BLDG.
Searching for a two bedroom, two and a half bathroom condo on Pensacola Beach? This coastal retreat puts you close to everything that makes Pensacola Beach living so special. Enjoy relaxing on the private balcony, spending the day beside the community pool, fishing from the pier, or unwinding on the private soundside beach. Inside, you will find an open living area, full kitchen, in unit laundry, and plenty of space for family and guests. Covered parking for your vehicle adds extra convenience. Located near Peg Leg Pete’s, Dog Beach West, Fort Pickens, walking and biking paths, and the sugar white sands and emerald waters of the Gulf of Mexico. Whether you are searching for a Pensacola Beach vacation rental, investment property, second home, or personal beach getaway, this condo offers the location and lifestyle you have been looking for.

1100 Ft Pickens Rd Unit #C4, Pensacola Beach
1650 Via Deluna Dr Unit #A4, Pensacola Beach
$435,000
2 Beds ⋅ 2 Baths ⋅ 687861 MLS ⋅ VIllas On The Gulf BLDG.
Are you a big Blue Angels fan? No issues with finding a parking spot on Blue Angels Weekend when you live at Villas on the Gulf! Do you love spending your days on Pensacola Beach? This 2 bedroom 1 1/2 bath condo is 5 minutes walk through the Villas on the Gulf to be on the beach. Turn key coastal living condo ready for you to move into, or you can use it as a short term rental. The main living area opens to a balcony and has tons of natural light. Dining area and a full kitchen. Both bedrooms are generously sized and share a full bathroom. Washer/dryer combo. This condo maximizes every sqft! Well maintained grounds lead you through to Pensacola Beach. Sparkling pool, community room and grilling areas. Small pond with a water feature and gazebo along with tropical landscaping make it feel like you are on vacation every single day! Covered parking spot under the condo. Pensacola beach Trolley, and golf cart if you have one, make this an ideal location to get to all of the amazing restaurants, shops and entertainment. Pet friendly! Awesome location for a short term rental investment

1650 Via Deluna Dr Unit #A4, Pensacola Beach
1150 Ft Pickens Rd Unit #H3, Pensacola Beach
$450,000
2 Beds ⋅ 2 Baths ⋅ 687520 MLS ⋅ Baywatch BLDG.
Wake up to Gulf views. Wind down with Sound sunsets. And enjoy one of the features that can be hard to find on Pensacola Beach: ELEVATOR ACCESS. Welcome to Unit H3, a fully furnished coastal retreat offering water views from BOTH the front and rear of the condo. From sunrise over the Gulf to sunsets across the Sound, water is part of the view in every direction. H3 is located in one of only TWO buildings in the complex with elevator access, making trips from the car to the condo easy. Even better, this unit includes TWO private covered parking spaces plus a BRAND-NEW STORAGE SHED just steps from the elevator. Beach chairs, fishing gear, paddleboards and all the extras finally have a place of their own. Step outside and enjoy Soundside beach access, a private dock, community pool with water views and a peaceful pond filled with fish and turtles. Spend your days swimming, fishing, paddleboarding or simply enjoying the quieter side of Pensacola Beach. Inside, the condo is bright, comfortable and offered fully furnished. Major updates include HVAC and water heater replaced in 2022 and a high-efficiency Electrolux washer and dryer added in 2025. The pet-friendly community allows owners up to two cats or dogs and offers grassy areas around the pond for daily walks. Whether you’re looking for a second home, beach getaway or short-term rental opportunity, H3 combines the features that matter most: FRONT AND REAR WATER VIEWS, ELEVATOR ACCESS, TWO COVERED PARKING SPACES, EXTRA STORAGE and easy access to the water. Your Pensacola Beach retreat is ready. All that’s missing is you.

1150 Ft Pickens Rd Unit #H3, Pensacola Beach
1650 Via Deluna Dr Unit #C5, Pensacola Beach
$390,000
2 Beds ⋅ 2 Baths ⋅ 687071 MLS ⋅ VIllas On The Gulf BLDG.
OPEN HOUSE ON SATURDAY, AUGUST 15, NOON - 300 PM...Welcome to your Gulf Coast sanctuary on Via de Luna Drive in beautiful Pensacola Beach! This clean, fully furnished 2-bedroom, 1.5-bath condo is move-in ready and perfectly positioned just a short, leisurely walk from the pristine white sands and sparkling waters of the Gulf. Both bedrooms are generously sized, enhancing the unit’s functional and simple layout. The inviting living room features a sliding glass door that opens to a spacious balcony—ideal for unwinding with a margarita and soaking in the coastal breeze after an amazing day at the beach. The kitchen impresses with granite countertops and warm wood cabinetry, while the stacked washer and dryer are thoughtfully tucked away for convenience without sacrificing style. Villas On The Gulf offers beautifully maintained grounds and desirable community amenities including a shimmering pool, a welcoming community center, a grilling area, and scenic beach paths. A tranquil pond stocked with fish and turtles, complete with a cozy gazebo, provides a serene tropical landscape that perfectly complements this coastal location. Covered parking for one vehicle and ample guest parking rounds out the convenience. Located on Conde Nast magazine’s #1 beach of 2026, Pensacola Beach invites you to enjoy a vibrant community filled with excellent dining, shopping, bars, and entertainment. Pet-friendly and with strong rental income potential, this condo is ideal for a year-round investment, seasonal rental, or your permanent residence. Don’t miss this exceptional opportunity to own a piece of paradise steps from the Gulf’s best beaches—a smart investment and fabulous place to call home.

1650 Via Deluna Dr Unit #C5, Pensacola Beach
336 Ft Pickens Rd Unit #W206, Pensacola Beach
$389,000
1 Beds ⋅ 2 Baths ⋅ 686307 MLS ⋅ Sand Dollar BLDG.
Enjoy your own slice of Pensacola Beach with this inviting 1-bedroom, 1.5-bath completely furnished condo at Sand Dollar West. Whether you're searching for a full time home, weekend getaway, a vacation home, or an investment property with excellent rental potential, this condo offers an incredible opportunity to own in one of the Gulf Coast's most sought-after destinations. Tucked away on peaceful Little Sabine Bay, you'll appreciate the relaxed setting while being just a short walk from the sugar-white beaches and emerald-green waters of the Gulf. Enjoy sitting on the deck watching the sunset. The large waterfront area is perfect for swimming or fishing. Little Sabine is great for kayaking or paddle boarding. Inside, the thoughtfully furnished interior features durable updated flooring and comfortable living spaces designed for both personal enjoyment and vacation rentals. With projected annual rental income of $30,000–$36,000, this property presents an appealing balance of coastal lifestyle and income potential. Whether you're looking to start your beach property portfolio or simply enjoy a low-maintenance retreat by the water, this Sand Dollar West condo is ready to make it happen. HVAC is 2 years, water heater 5. Make your appointment to see this unit today!

336 Ft Pickens Rd Unit #W206, Pensacola Beach
336 Ft Pickens Rd Unit #W-205, Pensacola Beach
$358,900
1 Beds ⋅ 1 Baths ⋅ 685724 MLS ⋅ Sand Dollar BLDG.
Beautiful Pensacola Beach getaway &/or income producing beach rental property available for the first time in more than 7 years. This unit is in great condition with a very nice view of the courtyard & Little Sabine Bay. Just a short walk to the beautiful white sandy beaches on the Gulf of America. Conveniently located near an abundance of beach restaurants, shopping & entertainment for all ages. Little Sabine Bay offers water access directly to the property. Attic space provides for additional storage space. Both the living room and bedroom feature vaulted ceilings. Ideal location to enjoy some personal time on the beach away from it all while renting the unit when you are not using your investment. See agent notes.

336 Ft Pickens Rd Unit #W-205, Pensacola Beach
1550 Via Deluna Dr, Pensacola Beach
$435,000
2 Beds ⋅ 2 Baths ⋅ 685330 MLS
Discover a charming corner unit townhome located in Pensacola Beach, offering a wonderful blend of comfort & coastal living. This well-designed 2-bedroom, 2-bathroom residence spans 2 stories, featuring a primary bedroom on the second level, complete with an ensuite bathroom that includes a walk-in shower & double vanity. The primary suite also boasts ample storage with a walkthrough closet and convenient laundry facilities. The ground level features an oversized one-car garage, which includes direct access to the backyard, along with easy entry to the pool area. On the main level the living space is designed with an open layout, accentuated by high, vaulted ceilings and beautiful tile flooring throughout. The kitchen is equipped with granite countertops and a breakfast bar, making it an ideal space for hosting and entertaining. As you ascend to the second level, you will be greeted by refreshing views from the sliding doors that lead to a private balcony overlooking the community pool, serene lake, and the sparkling Gulf of Mexico. The second bedroom provides picturesque views of the Santa Rosa Sound, enhancing the tranquil atmosphere of this property. Enjoy the additional comforts of plantation shutters & storm doors that enhance energy efficiency & security. A covered deck off the living room provides a perfect spot for relaxation or social gatherings. This property seamlessly combines functional living with desirable features, offering an exceptional opportunity for beachside living. Experience the best of Pensacola Beach in this meticulously maintained townhome.

1550 Via Deluna Dr, Pensacola Beach
336 Ft Pickens Rd Unit #w 204, Pensacola Beach
$359,000
1 Beds ⋅ 2 Baths ⋅ 685066 MLS ⋅ Sand Dollar BLDG.
Own your piece of Pensacola Beach without the luxury price tag! This charming 1-bedroom, 1 1/2 bath condo at Sand Dollar West is an outstanding opportunity for first-time beach buyers, second-home seekers, or investors looking for strong vacation rental potential. Nestled on the tranquil Sound side and just a short stroll to the sugar-white sand and emerald waters of the Gulf, you’ll enjoy the best of both worlds. Inside, durable newer flooring and comfortably furnished living spaces are designed to stand up to vacation guests while providing a welcoming coastal retreat. Whether you’re looking for an affordable beach escape, a property that can help generate rental income, or an entry-level investment in one of Florida’s most desirable beach communities, this condo delivers exceptional value and endless possibilities. This version highlights the “entry-level” opportunity without making it sound inexpensive in a negative way, while speaking directly to buyers who want either a beach getaway or an income-producing investment. Projected Rental Income $33,000-$38,000.

336 Ft Pickens Rd Unit #w 204, Pensacola Beach
1500 Via Deluna Dr Unit #G13, Pensacola Beach
$499,900
2 Beds ⋅ 3 Baths ⋅ 684759 MLS
Motivated Sellers! Move-in ready Pensacola Beach townhome, fully updated and just steps from the sugar-white sands and emerald green waters of the Gulf. Located in desirable Regency Cabanas, a gated, Gulf-front community with 2 pools. This bright, open townhome overlooks the pool and grassy courtyard and would make an excellent beach rental or a fantastic coastal home. 2 bedrooms, each with an ensuite bath, 2.5 total bathrooms and an enclosed 1 car garage. Recent updates include: new roof (August 2026), new HVAC (2023), new water heater (2023), all bathrooms remodeled (2026), new kitchen appliances (2026): refrigerator, range, dishwasher, microwave, new kitchen sink (2026), LVP flooring: downstairs (2021), upstairs (2026). Other highlights: impact rated doors and windows, freshly painted interior, popcorn ceilings removed, garage floor epoxy-coated, and washer and dryer are included. Residents and long term tenants may attend the award winning Pensacola Beach Elementary School, Gulf Breeze Middle and High Schools. The property is pristine, low-maintenance, and low HOA dues (only $430/month), move in and start enjoying the beach lifestyle immediately.

1500 Via Deluna Dr Unit #G13, Pensacola Beach
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