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216 Broadmoor Ln, Pensacola, FL, 32507

1beds
1baths
610sqft
$1,500,000
$2,459price/sqft
$12,109/moest. monthly cost
$484,360/yrincome needed

About This Home

This recently renovated 12-unit apartment building is located just west of Downtown Pensacola and offers investors a turnkey asset with strong in-place income and recent capital improvements. Each unit features a spacious 1-bedroom, 1-bathroom layout with approximately 610 sq. ft. of living space. Interior updates include new flooring, refreshed kitchens with updated cabinets and appliances, and renovated bathrooms, offering a clean and modern rental product for residents. Major exterior improvements include a new roof, new porch railings, and updated stairs, enhancing both curb appeal and long-term durability. The property is conveniently located just 4.4 miles from the NAS Pensacola Main Gate, 2.8 miles from Downtown Pensacola, and approximately 25 minutes from Pensacola Beach. Current effective rents average $1,160 per unit, including a $75 monthly utility fee that covers water, sewer, and trash. Electricity and internet are paid directly by residents. With strong in-place income, recent capital improvements, and a convenient location near major employment and lifestyle drivers, this 12-unit asset is a compelling addition to an investor’s portfolio.

Getting Around

31
WalkingCar-Dependent
19
TransitMinimal Transit
51
BikeBikeable

Schools

4/10
2/10
Warrington Middle SchoolGrades 6-81.3 mi
4/10
Pensacola High SchoolGrades 9-123.2 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1982

Materials

  • Foundation: Slab
  • Roof: Shingle
  • Construction materials: Brick,Frame

Type & Style

  • Home type: MultiFamily
  • Property subType: Apartment

Interior

Appliances

  • Appliances included: Electric Water Heater,Microwave
  • Laundry features: Inside

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Ceiling Fan(s),High Speed Internet

Heating & Cooling

  • Heating features: Central
  • Cooling features: Ceiling Fan(s),Central Air

Interior Area

  • Total structure area: 7,326
  • Total interior livable area: 610 sqft

Property

Details

  • Parcel number: 592s302600000001
  • Other equipment: None

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Exterior features: Balcony
  • Waterfront features: None
  • Frontage length: Water Frontage(0)

Lot

  • Features: Interior Lot

Parking

  • Parking features: Parking Lot

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningVery High
  • Hurricane
    HurricaneRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Lightning
Hurricane
Coastal Flooding
Cold Wave
Heat Wave
Tsunami

FEMA Declared Disasters in Escambia County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $7,584$91,008
Home Insurance *$3,541$42,492
Property Taxes $787$9,444
Electricity $197$2,366
Total$12,109$145,308
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$415,165/yr
40% on housing$363,270/yr
45% on housing$322,906/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 14.1%
14.1%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 3.1%
3.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$2,459This listing

vs Other Active Listings

Avg $/sqft

ZIP 32507$268
Escambia County$203

vs Homes Sold Last Month

Median $/sqft

ZIP 32507$193
Escambia County$168

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-06-09Listed for sale$1,500,000
2026-04-13Listing removed$1,100
2026-02-23Price change$1,100
2026-02-11Price change$1,050
2026-01-29Price change$995
2026-01-21Price change$1,050
2025-11-06Price change$1,100
2025-10-04Price change$1,115
2025-08-01Price change$1,125
2025-06-18Listed for rent$1,110
2025-05-09Listing removed$1,097
2025-03-06Listing removed$1,500,000
2025-02-11Listed for sale$1,500,000
2024-12-31Listed for rent$1,097
2024-11-25Listing removed$1,097
2024-11-14Listed for rent$1,097
2024-11-06Listing removed$1,000
2024-09-10Price change$1,000
2024-07-23Listed for rent$1,097

For Sale by Agent

AgentKyle Mcgee
BrokerageLevin Rinke Realty

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