The most expensive neighborhoods in Pensacola
Homebuyers and sellers are navigating a slow and expensive housing market, with rising prices and stagnant demand keeping many on the sidelines. This comes amid rising economic uncertainty and growing wealth concentration. But luxury homes—multimillion-dollar estates, sleek penthouses, and one-of-a-kind custom builds—are still selling, even as most buyers pull back.
Most people can't afford high-end homes, although they're still fun to dream about. So, to highlight where luxury real estate is commanding the highest prices, Redfin analyzed the most expensive neighborhoods in the Pensacola metro area—and showcased a few of the area's standout listings (when possible).
Note: Redfin's analysis focused on metro areas, meaning some neighborhoods fell within smaller nearby cities. Listings and data were gathered on October 15, 2025.
#1. Palafox Historic District (Pensacola, FL)
Median sale price: $1,957,000 | Median days on market: 183 days115 W Wright St, Pensacola, FL 32501
- List price: $275,000
- Beds: 3 | Baths: 2 | Square feet: 1,857
- See 115 W Wright St, Pensacola, FL 32501 on Redfin.com
17 Palafox Pl, Pensacola, FL 32502
- List price: $899,000
- Beds: 2 | Baths: 2 | Square feet: 1,045
- See 17 Palafox Pl, Pensacola, FL 32502 on Redfin.com
43 Port Royal Way, Pensacola, FL 32502
- List price: $1,599,999
- Beds: 4 | Baths: 3 | Square feet: 2,859
- See 43 Port Royal Way, Pensacola, FL 32502 on Redfin.com
850 S Palafox St, Pensacola, FL 32502
- List price: $3,199,000
- Beds: 3 | Baths: 3.5 | Square feet: 4,067
- See 850 S Palafox St, Pensacola, FL 32502 on Redfin.com
#2. East Hill (Pensacola, FL)
Median sale price: $850,000 | Median days on market: 70 days1306 E Cervantes St, Pensacola, FL 32501
- List price: $460,000
- Beds: not available | Baths: not available | Square feet: 2,564
- See 1306 E Cervantes St, Pensacola, FL 32501 on Redfin.com
1412 E Strong St, Pensacola, FL 32501
- List price: $749,000
- Beds: 2 | Baths: 2.5 | Square feet: 2,304
- See 1412 E Strong St, Pensacola, FL 32501 on Redfin.com
1425 E Mallory St, Pensacola, FL 32503
- List price: $974,000
- Beds: 4 | Baths: 3 | Square feet: 3,184
- See 1425 E Mallory St, Pensacola, FL 32503 on Redfin.com
1721 N 20Th Ave, Pensacola, FL 32503
- List price: $669,900
- Beds: 3 | Baths: 2 | Square feet: 2,237
- See 1721 N 20Th Ave, Pensacola, FL 32503 on Redfin.com
#3. Inerarity Point (Pensacola Station, FL)
Median sale price: $830,000 | Median days on market: 125 days16070 Innerarity Point Rd, Pensacola, FL 32507
- List price: $410,000
- Beds: 2 | Baths: 2.5 | Square feet: 1,315
- See 16070 Innerarity Point Rd, Pensacola, FL 32507 on Redfin.com
16104 Innerarity Point Rd, Pensacola, FL 32507
- List price: $580,000
- Beds: 3 | Baths: 3 | Square feet: 1,818
- See 16104 Innerarity Point Rd, Pensacola, FL 32507 on Redfin.com
16531 Innerarity Point Rd, Pensacola, FL 32507
- List price: $618,500
- Beds: 4 | Baths: 2.5 | Square feet: 2,524
- See 16531 Innerarity Point Rd, Pensacola, FL 32507 on Redfin.com
5575 N Shore Way, Pensacola, FL 32507
- List price: $700,000
- Beds: 3 | Baths: 2 | Square feet: 2,600
- See 5575 N Shore Way, Pensacola, FL 32507 on Redfin.com
#4. Pensacola Beach (Navarre Beach, FL)
Median sale price: $820,000 | Median days on market: 139 days1111 Fort Pickens Rd, Gulf Breeze, FL 32561
- List price: $755,000
- Beds: 3 | Baths: 3 | Square feet: 1,608
- See 1111 Fort Pickens Rd, Gulf Breeze, FL 32561 on Redfin.com
1304 Via De Luna Dr, Gulf Breeze, FL 32561
- List price: $1,050,000
- Beds: 3 | Baths: 2 | Square feet: 1,403
- See 1304 Via De Luna Dr, Gulf Breeze, FL 32561 on Redfin.com
8499 Gulf Blvd, Navarre, FL 32566
- List price: $739,000
- Beds: 2 | Baths: 2 | Square feet: 1,378
- See 8499 Gulf Blvd, Navarre, FL 32566 on Redfin.com
8522 Gulf Blvd, Navarre, FL 32566
- List price: $499,000
- Beds: 2 | Baths: 3 | Square feet: 1,294
- See 8522 Gulf Blvd, Navarre, FL 32566 on Redfin.com
#5. Belmont DeVilliers (Pensacola, FL)
Median sale price: $683,333 | Median days on market: 33 days400 W Gregory St, Pensacola, FL 32502
- List price: $544,900
- Beds: 3 | Baths: 2 | Square feet: 2,387
- See 400 W Gregory St, Pensacola, FL 32502 on Redfin.com
401 W Wright St, Pensacola, FL 32501
- List price: $281,500
- Beds: 1 | Baths: 1 | Square feet: 640
- See 401 W Wright St, Pensacola, FL 32501 on Redfin.com
522 W Belmont St, Pensacola, FL 32501
- List price: $925,000
- Beds: 4 | Baths: 3.5 | Square feet: 2,685
- See 522 W Belmont St, Pensacola, FL 32501 on Redfin.com
640 W Wright St, Pensacola, FL 32501
- List price: $415,000
- Beds: 3 | Baths: 2 | Square feet: 1,524
- See 640 W Wright St, Pensacola, FL 32501 on Redfin.com
