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501 N Tarragona St, Pensacola, FL, 32501

5beds
5baths
3,247sqft
$1,399,000
$431price/sqft
$12,824/moest. monthly cost
$512,960/yrincome needed

About This Home

Welcome home to 501 N. Tarragona Street, a brand-new luxury custom residence in the heart of downtown Pensacola. Thoughtfully designed with high-end finishes, sophisticated style, and exceptional craftsmanship, this stunning new construction offers modern living in one of the city’s most desirable locations. This beautifully curated home features an open and functional floor plan filled with natural light, designer details, and upscale finishes throughout. The chef-inspired kitchen showcases a built-in Monogram refrigerator, 36" Thermador gas stove range with pot filler, elevated coffee station with built-in water pot filler, and thoughtfully selected finishes that blend beauty with everyday functionality. A stylish bar area with wine refrigerator enhances the home’s entertaining experience, while antique reclaimed pantry doors add a layer of character and timeless charm. Designed for seamless indoor-outdoor living, the home opens to a covered patio with a fully equipped outdoor kitchen, ideal for entertaining year-round. A built-in A/V system with integrated speakers extends throughout the living room and outdoor spaces, creating a cohesive audio experience inside and out. The luxurious primary suite and spacious living areas offer comfort and retreat, while a detached mother-in-law suite above the two-car garage provides exceptional flexibility, complete with a full kitchen and private living space. The home is being offered as coming soon while final outdoor kitchen construction is completed. Furniture is included in the list price (excluding the bar stools). Select artwork is available for purchase separately. Situated in the sought-after Belmont Tract neighborhood, this exceptional property is just minutes from Pensacola’s vibrant downtown waterfront, restaurants, shopping, entertainment, and cultural attractions. A rare opportunity to own a luxury custom home with elevated design, thoughtful functionality, and unmatched downtown convenience.

Getting Around

73
WalkingVery Walkable
34
TransitSome Transit
68
BikeBikeable

Schools

2/10
Global Learning AcademyGrades PK-51.7 mi
4/10
4/10
Pensacola High SchoolGrades 9-121.3 mi

Construction

Condition

  • Property condition: New Construction
  • New construction: Yes
  • Year built: 2026

Materials

  • Foundation: Slab
  • Roof: Shingle,Gable
  • Construction materials: Block,Concrete,Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: Contemporary, Craftsman
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Tankless Water Heater/Gas,Wine Cooler,Built In Microwave,Dishwasher,Freezer,Refrigerator
  • Laundry features: Inside,Common Area

Bedroom

  • Level: First
  • Area: 156

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Features

  • High Ceilings,Sound System
  • Flooring: Tile
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Multi Units,Heat Pump,Natural Gas
  • Cooling features: Multi Units,Central Air,Ceiling Fan(s)

Interior Area

  • Total structure area: 3,247
  • Total interior livable area: 3,247 sqft

Master Bedroom

  • Level: Second
  • Area: 168

Property

Details

  • Parcel number: 000s009010230087
  • Zoning description: City

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Patio & porch: Covered
  • Exterior features: Outdoor Kitchen

Lot

  • Lot size: 3,750 sqft
  • Features: Central Access,Corner Lot

Parking

  • Total spaces: 2
  • Parking features: 2 Car Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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

  • Hurricane
    HurricaneRelatively High
  • Lightning
    LightningRelatively High
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
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 $7,074$84,888
Home Insurance *$3,564$42,768
Property Taxes $1,860$22,320
Electricity $326$3,921
Total$12,824$153,888
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$439,680/yr
40% on housing$384,720/yr
45% on housing$341,973/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

$431This listing

vs Other Active Listings

Avg $/sqft

ZIP 32501$214
Escambia County$204

vs Homes Sold Last Month

Median $/sqft

ZIP 32501$243
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)

Price History

DateEventPrice
2026-06-01Listed for sale$1,399,000
2011-09-16Sold$16,000
2011-07-12Sold$9,500

New Construction

AgentDonna Dickey
BrokerageConna O'Donovan Real Estate LLC

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