Florida Fixer-Upper With 3 Bedrooms and a Large Fenced Yard Offers Investment Potential in Pensacola

Molly1 hour ago

1 3 minutes read

A single-family home in Pensacola, Florida, offers an opportunity for buyers interested in renovation projects and potential investment properties. Located at 314 W 9 1/2 Mile Road, this traditional-style residence features three bedrooms, two full bathrooms, and approximately 1,248 square feet of living space on a lot measuring around 0.37 acres.

Built in 1953, the property has a number of updates already completed, although it still requires important repairs. The home was previously marketed as an investment opportunity because of its zoning designation and potential for business use or multiple rentals, subject to applicable regulations and approvals.

A Spacious Layout With Bonus Room

The home features three bedrooms and two bathrooms across a single-story floor plan. The main living areas have tile flooring, while the bedrooms have carpeting. A large bonus room provides additional space that could potentially be used for hobbies, storage, a workspace, or another purpose depending on the home’s layout and permitted use.

The kitchen connects to a large laundry and utility room, which includes extra pantry storage. The property also has washer and dryer hookups, a refrigerator, and a dishwasher listed among its features.

A central heating and cooling system and ceiling fans provide additional comfort. Buyers should note, however, that the listing states the home needs new plumbing and bedroom carpeting, so renovation costs should be considered carefully.

Updates Already Completed

Although the property needs further work, several significant improvements were reported in previous listing information:

A new roof and HVAC system installed in December 2020.
Replacement windows reportedly installed in 2020.
A new water heater installed in January 2021.
Electrical grounding work and an ADT security system installed in January 2021.
Conversion from septic to public sewer in January 2022.
Dishwasher hookup added in August 2022.

These reported improvements could offer a starting point for buyers planning a renovation, but the condition and performance of each system should be independently verified.

A Large Fenced Backyard

The property sits on approximately 0.37 acres, providing more outdoor space than many conventional residential lots. The backyard is fully fenced, and a separate storage building offers additional room for tools, equipment, or outdoor supplies.

A carport provides covered parking for one vehicle. The property also has a paved-road location and access to public water and public sewer, according to listing records.

The generous lot may appeal to buyers who want outdoor space or are investigating potential alternative uses for the property. Any proposed business operation, additional rental units, or expansion would need to comply with current zoning, building codes, and local permitting requirements.

Location and Investment Considerations

The home is located in Pensacola’s Travis Park area. Previous listing remarks described it as approximately 20 minutes from Pensacola Beach, although actual travel time will vary with traffic and route.

The property was previously advertised for $230,000 in December 2024, but that listing was removed in June 2025. Public records show it sold for $115,000 in February 2024. It is currently reported as off market, so buyers should not assume that an active sale opportunity exists at either price.

Property Details

Address: 314 W 9 1/2 Mile Road, Pensacola, Florida 32534
Bedrooms: 3
Bathrooms: 2 full bathrooms
Living Area: Approximately 1,248 square feet
Lot Size: Approximately 0.37 acres
Year Built: 1953
Property Type: Single-family residence
Style: Traditional, single story
Interior Features: Tile flooring in main living areas, carpeted bedrooms, and a bonus room
Kitchen and Utility: Large laundry/utility room with additional pantry storage
Heating and Cooling: Central HVAC
Outdoor Features: Fully fenced backyard and storage building
Parking: One-car carport
Utilities: Public water and public sewer
Condition: Needs plumbing work and new bedroom carpeting, according to previous listing remarks
Current Listing Status: Off market in the latest sources reviewed

For buyers looking for a renovation project, this Pensacola home offers a three-bedroom layout, a large lot, a fenced yard, and several previously reported improvements. Its current availability, zoning, repair requirements, and potential uses should be confirmed before pursuing a purchase.