Carlton Palms in Pensacola

Carlton Palms

Established 1988 · Intracoastal West · ZIP 32224

An established, downtown residential condominium in the heart of Pensacola, Escambia County, where the value is the specific unit and a walkable downtown location.

Downtown condominiumPensacola, Escambia CountyWalkable, amenity building
Live Market Pulse
50/100
Momentum
Buyer-Leaning Market (limited data)
Tight supply keeps sellers in control, but dated interiors still trade at a discount, so condition is where buyers win.
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Unlock Off-Market Carlton Palms

Listings before the portals, true comps, and the renovation and carrying-cost math, before you tour.

Built fromLive Pensacola MLS data14 years of closingsLocal renovation analysisUpdated twice daily
LiveMarket PulsePensacola MLS
$75K
Median Price
4.6mo
Supply
141days
Avg DOM
Soft
Seller Leverage
$196/sf
Median $/Sqft
-6%
1-Yr Price Change
0now
Distress
Jon Brooks, founder of Momentum Realty
Jon's Current Read

"Carlton Palms reads as an established residential condominium in downtown Pensacola, ZIP 32502, a multi-story building reported as built in 1973 with roughly 228 units ranging from studios to two-bedroom layouts (carltonpalmspensacola.com; homes.com, 2026). Third-party sources describe building amenities including indoor and outdoor pools, a fitness room, a community room, secured storage, and on-site laundry, with the condominium association fee reported to cover utilities (homes.com; zillow.com, 2026). The buy is the specific unit: confirm the current association dues and what they cover, the reserves and any special assessments, the floor and view, and comp it against the closest comparable downtown Pensacola condo sale."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Carlton Palms market snapshot (as of June 11, 2026): the median sale price is about $75K ($196 per sq ft), with homes averaging 141 days on market and 4.6 months of supply, a buyer-leaning market (limited data). Based on 13 recent closings in live Pensacola MLS data.

Carlton Palms is an established residential condominium in downtown Pensacola, Escambia County, ZIP 32502, reported as a multi-story building built in 1973 with roughly 228 units (carltonpalmspensacola.com; homes.com, 2026).

Third-party sources describe a range of unit types from studios to two-bedroom layouts, so compare strictly by floor, view, size, and condition rather than a building average (homes.com; zillow.com, 2026).

The strength is the walkable downtown Pensacola location near restaurants, museums, theaters, shopping, the marina, and the farmers market, with building amenities including indoor and outdoor pools and a fitness room (homes.com, 2026).

The condominium is in the Escambia County School District; confirm the current zoned schools by address and confirm any owner-occupancy or rental rules with the association.

Best for

  • Buyers who want a walkable downtown Pensacola condominium
  • Buyers who want an amenity building with pools, a fitness room, and utilities in the dues
  • Lock-and-leave buyers and right-sizers comfortable with condo association living

Probably not for

  • Buyers who want a single-family home or a private yard
  • Buyers who want a brand-new building or a beachfront unit
  • Anyone unwilling to review the association budget, reserves, dues, and rules

How Carlton Palms is performing right now

50/100
momentum
Buyer-Leaning Market (limited data)
Seller's marketBalancedBuyer's market
4.6Months of supplytight
32Median days on marketdays
0 : 5Under contract vs for salestrong demand
13Sold in last 12 monthsliquidity
+127%Median price since 2012appreciation
+9%Asking vs recent sold $/sqftroom to negotiate

Tight supply and strong demand favor sellers here. Homes still take about two months to sell, though, and with asking prices running above recent sales per square foot, a prepared buyer has room on anything overpriced. Reading each home against the real comps, not the headline trend, is where the edge is.

Live from Pensacola MLS, as of June 11, 2026. Refreshed twice daily. Months of supply, days on market, and the contract-to-listing ratio are computed from current Carlton Palms listings and the trailing twelve months of closed sales.

8.6A- score
Momentum intelligence
Momentum buy score

Our proprietary read on how a home in Carlton Palms buys, holds, and resells. See the five factors.

Homes For Sale Right Now in Carlton Palms

Live MLS inventory for Carlton Palms. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.

Active and pending Carlton Palms listings as of 2026-06-11, priced high to low. Copyright© 2026 by the Multiple Listing Service of the Pensacola Association of REALTORS® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.. Tap any home to ask about it.

Listing locations from Pensacola MLS; lot type inferred from listing descriptions. Destination pins are approximate. Map data © OpenStreetMap, tiles © CARTO. Flood, school, and commute overlays are on the roadmap.

The takeaway

The location is the everyday-convenience case: shopping, schools, and the major roads are all a manageable drive.

Downtown Pensacola dining and culturewalkable · lifestyle
Pensacola Bay / marina~3 to 8 min · waterfront
Interstate 110~3 to 8 min · commuting
Baptist Hospital~5 to 12 min · medical
Pensacola International Airport (PNS)~12 to 20 min · travel
Pensacola Beach~20 to 30 min · the coast

Distances and drive times are approximate and vary with traffic. Confirm your real commute at your real departure time.

Nearby Communities

Explore more neighborhoods near Carlton Palms with Momentum Realty’s local guides.

The OldCity TractThe OldCity TractPensacola, FL · 0.3 miSDSevilleHistoric DistrictPensacola, FL · 0.4 miAragonAragonPensacola, FL · 0.4 miPort RoyalPort RoyalPensacola, FL · 0.5 miOEOld East Hill PlacePensacola, FL · 0.7 miMTMaxent TractPensacola, FL · 0.7 miThe NewCity TractThe NewCity TractPensacola, FL · 0.7 miCOCourt ofNorth HillPensacola, FL · 0.8 miBelmontBelmontPensacola, FL · 0.8 mi

Browse all Florida neighborhood guides →

Carrying cost · the no-CDD edge

No CDD bond means thousands less per year than newer master plans.

Typical CDD community~$2,500/yr
Carlton Palms (no CDD)$0/yr

Roughly $25,000 saved over 10 years in carrying cost, before resale.

Illustrative. NE Florida CDD assessments commonly run $1,500-$3,500+/yr and vary by community; verify per property.

Schools

15-Second Take
  • Escambia County Public Schools
  • Verify the zoned schools by address
  • Magnet and choice options may be available
  • Confirm current ratings before relying on them
  • Private and parochial options nearby

Carlton Palms is served by Escambia County Public Schools. Assignment is by address and can change, so confirm the exact zoned elementary, middle, and high schools for any specific home, plus any magnet or choice options. Treat published ratings as a starting point, not the full story.

Buying with schools in mind? We can confirm the exact zoned schools for any Carlton Palms address.

The takeaway

What is actually shaping value in Carlton Palms, sourced and dated. We do not publish rumor.

Recent Developments in Carlton Palms

Our read on what is being built around Carlton Palms, scored for direction, significance, and how close the effect lands. The full sourced timeline follows below.

Net OutlookBullishAn established downtown Pensacola condominium whose value tracks the specific unit and a walkable downtown location, with the association's budget, reserves, and rules as the central variables.

Walkable downtown Pensacola location

BullishMajor impact
SignificanceRadius: Downtown Pensacola

A walkable downtown position near dining, culture, the marina, and the farmers market is a durable draw for condo buyers (homes.com, 2026).

Association budget, reserves, and dues

NeutralMajor impact
SignificanceRadius: Carlton Palms

On a 1970s-era condominium, the association's reserves, any special assessments, and what the dues cover, reported to include utilities, are the central value variables; review the budget and reserve study before you write (homes.com; zillow.com, 2026).

Rental and occupancy rules

NeutralNotable impact
SignificanceRadius: Carlton Palms

Condo associations set rental and occupancy rules that affect both lifestyle and investment use; confirm the current rules and any rental cap with the association.

Direction, significance, and effect-radius ratings are Momentum's proprietary, qualitative read of the sourced items below, not investment advice or a prediction for any specific home.

Development, infrastructure, retail, and school activity affecting Carlton Palms, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated June 2026.

Showing the latest, scroll for all updates ↓

  1. 2026
    Community

    Documented by the association and third-party sources

    Third-party sources describe Carlton Palms as a downtown Pensacola residential condominium built in 1973 with roughly 228 units from studios to two bedrooms, with indoor and outdoor pools, a fitness room, a community room, and dues reported to include utilities. Why it matters: Verify the specific unit, the current dues and what they cover, the reserves and any assessments, and the rental rules before relying on them. Source

  2. 2024
    Taxes

    Escambia County millage and the unit tax bill

    The Escambia County Property Appraiser publishes parcel values and the taxing authorities set the millage; on a condo the unit tax bill plus the association dues set the carrying cost. Why it matters: Pull the specific unit's record and taxes from the Escambia County Property Appraiser and review the association budget before you write. Source

Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.

If we were buying in Carlton Palms, this is the order of operations we would run, and the one we run for our clients.

1

Review the association budget and reserves. Confirm the current dues, what they cover, the reserve study, and any special assessments before you write.

2

Confirm the rental and occupancy rules. Verify any rental cap, lease minimums, and owner-occupancy rules with the association.

3

Inspect the specific unit and the building. Confirm the unit's systems and condition and ask about the building's major-system history.

4

Confirm the floor, view, and parking. Verify the unit's floor, view, and any assigned parking or storage.

5

Comp on floor and condition. Price the unit against the closest comparable downtown Pensacola condo sale of similar floor, size, and condition.

Best Buy
An updated unit on a desirable floor and view in a well-reserved association, priced to comparable downtown condo sales.
Biggest Risk
Thin reserves or a pending special assessment, a restrictive rental rule for an investor, or overpaying relative to comparable condo sales.
Best Lot
The floor, the view, and the unit's condition are the value here, alongside the association's financial health; verify all of them.
Smart Timing
A walkable downtown condominium rewards a prepared buyer who has reviewed the association budget and confirmed the rules.
The takeaway

On mobile, tap any heading below to open it. This is the home by home, lot by lot, club and renovation detail, organized so you can jump straight to what matters to you.

Community Details at a Glance

Carlton Palms is an established residential condominium in downtown Pensacola, Escambia County, ZIP 32502, reported as a multi-story building built in 1973 with roughly 228 units from studios to two-bedroom layouts, with indoor and outdoor pools, a fitness room, a community room, secured storage, on-site laundry, and dues reported to include utilities (carltonpalmspensacola.com; homes.com; zillow.com, 2026). Value is read unit-by-unit on floor, view, and condition, and the central diligence items are the association budget and reserves, any special assessment, the dues and what they cover, the rental and occupancy rules, and the Escambia County unit taxes.

The takeaway

Three honest price bands. Condition and lot, not the square footage alone, decide where a home lands.

Entry: studios and lower floors
$40K to $72K

Studios and lower-floor units are the value entry here. Review the association dues and reserves and confirm the rules before you write (third-party context, 2026, not MLS).

Lowest entry
Mid: one-bedroom units
$72K to $115K

One-bedroom units are the core of the building. Price each on its floor, view, and condition against the closest comparable sale.

Most inventory
High: two-bedroom or upper-floor units
$115K to $135K

Two-bedroom and upper-floor units with better views sit at the top here. Price each on its own floor, view, and condition, not a building average.

Strongest resale

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

$40K to $72K
Entry: studios and lower floors
Studios and lower-floor units are the value entry here. Review the association dues and reserves and confirm the rules before you write (third-party context, 2026, not MLS).
$72K to $115K
Mid: one-bedroom units
One-bedroom units are the core of the building. Price each on its floor, view, and condition against the closest comparable sale.
$115K to $135K
High: two-bedroom or upper-floor units
Two-bedroom and upper-floor units with better views sit at the top here. Price each on its own floor, view, and condition, not a building average.

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

15-Second Take
  • Renovation math decides the deal
  • Better lots and views resell strongest
  • Roof and HVAC age drive the insurance quote
  • Interior lots are where buyers overpay
Jon Brooks, Momentum Realty
Operator Note

Most buyers overpay on interior lots in the back half of the community. A sharp renovation can distract you, but the weaker resale position follows the lot, not the finishes. We read the homesite before the kitchen.

No CDD on the tax billStrong
Central Intracoastal West locationStrong
Scarce golf and lake homesitesStrong
$30M club reinvestment to 2028Positive
All-resale 1990s conditionManage it

Momentum analysis based on the community's structure, location, lot scarcity, and housing stock. Not a guarantee of future value.

Jon Brooks, Momentum Realty
Operator Note

The strongest value pocket is usually a renovated home on a good lot priced just under the next tier up. Buyers chasing the single biggest house often pay top prices for what is really a renovation project.

5 Mistakes Buyers Make in Carlton Palms

15-Second Take
  • Calling the listing agent (who works for the seller)
  • Misjudging the renovation budget
  • Overpaying for an interior lot
  • Underbudgeting the carrying costs
  • Skipping the roof, HVAC, and systems check

The same five mistakes cost buyers the most in any market. Every one is avoidable with the right preparation before you tour.

Carlton Palms is established, walkable downtown Pensacola condominium living. The deal is read unit-by-unit in the floor, the view, the condition, and the association's budget and rules, not a building average.

Jon Brooks · Founder, Momentum Realty
6.4B · Buy Score
Resale Strength6.2/10
Renovation Risk5.8/10
Location Efficiency7.8/10
Long-Term Defensibility6.0/10
Carrying Cost Advantage6.2/10

Momentum Intelligence Scores are our proprietary, qualitative assessment based on the analysis on this page, on a 0 to 10 scale. They are a framework for comparing communities, not a guarantee of future value or advice on a specific home.

Why our read on Carlton Palms is different.

Most pages on this community are an automated estimate wrapped in stock copy. This one is built from the live Pensacola MLS feed, fourteen years of closed sales, and a renovation-by-renovation read of what actually moves value here, lot by lot. No Zestimate, no guesswork.

Live Pensacola MLS feed14 years of closed salesRenovation-premium analysisLot-by-lot, no automated estimates
Jon Brooks, founder of Momentum Realty. A housing economist with a background in real estate investment banking at Deutsche Bank and consulting at Ernst & Young, who has built and analyzed Northeast Florida real estate from the ground up.

Which Lots & Views Hold Value Best

Where the value actually sits. Each home is shaded by its price per square foot (a value read, not just a price) and ringed by lot type, so you can see at a glance which pockets carry a real, durable premium and where a renovation play makes sense.

Value ($/sqft)
$261 value$401 premium

Fill = price per square foot; ring = by realized $/sqft per unit. Sold homes are shown by realized $/sqft (lot type not always recorded). Asking and recent-sold figures from Pensacola MLS; for orientation, not an appraisal.

15-Second Take
  • The floor, the view, and the unit's condition are the value; verify all three.
  • Review the association budget, reserves, dues, and rental rules.
  • Comp against the closest comparable downtown Pensacola condo sale.

In an established condominium like Carlton Palms, value is driven by the specific unit's floor, view, and condition, plus the association's financial health and rules, not a single building average. That means reviewing the budget, the reserve study, and any special assessment, confirming the dues and what they cover and the rental and occupancy rules, inspecting the unit and asking about the building's major-system history, then pricing the unit against the closest comparable downtown Pensacola condo sale, with the walkable downtown location as the durable advantage.

Carlton Palms in 15 seconds.

Best forBuyers who want a walkable downtown Pensacola condominium with building amenities.
Strong onA walkable downtown location near dining, culture, and the marina, with pools, a fitness room, and utilities reported in the dues.
WatchThe association's reserves and any special assessment on a 1970s building, and the rental and occupancy rules.
Not forBuyers who want a single-family home, a private yard, a new building, or a beachfront unit.
The edgeA walkable downtown condominium rewards a prepared buyer who reviews the association budget and prices on floor, view, and condition.

HOA, CDD & Fees

15-Second Take
  • Confirm the current condominium dues and what they cover.
  • Review the reserves and any special assessment, and the rental rules.
  • This is a condo association, not a CDD; confirm the budget.

Carlton Palms is a condominium; the condominium association sets the dues, reported to cover utilities. Confirm the current dues, what they cover, the reserves, and any special assessments before you offer. This is a condo association rather than a CDD.

Third-party sources describe building amenities including indoor and outdoor pools, a fitness room, a community room, secured storage, on-site laundry, and dues reported to include utilities. Confirm exactly what the dues cover in the association documents.

The value is the walkable downtown location and the building amenities; confirm the amenities, the budget, and what the dues cover in the association documents.

The takeaway

Selling here is won on condition and view, not the Zestimate. The right number comes from closed comps matched to your renovation level and lot.

Momentum listings (YTD)
97.98%
Sold-to-list ratio across our market for our agents, sellers keeping more of their price.
Market average (YTD)
96.73%
The broader metro average sold-to-list ratio over the same period.
Momentum days on market
64 days
Median days on market for our listings, faster sales mean less carrying cost and stronger leverage.
Market days on market
72 days
The broader metro median over the same period.

Sold-to-list and days-on-market figures reflect Momentum Realty listings versus our market average, year to date. Your home's result depends on pricing, condition, lot, view, and preparation.

In Carlton Palms, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Oakcrest, a home priced to the community average instead of its true condition and view either leaves money on the table or sits. A renovated kitchen, newer roof and HVAC, and a golf or lake view all deserve to show up in your price, and a buyer pool reading renovation math needs to be shown why your home is worth it. We build that case with real comps and a pricing strategy for the current market.

What is your Carlton Palms home worth?

Get a no-obligation home value based on real comparable sales in Carlton Palms matched to your condition, lot, and view, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.

See the full Carlton Palms home value & selling guide, recent comps, fees, and 2026 timing →

Real comps, not a Zestimate.

Price History: What Homes Here Have Actually Sold For

Median sale prices in Carlton Palms year by year since 2012, from closed MLS sales. A long track record beats a single estimate, showing what this community has really done through rate cycles rather than what a model predicts.

Carlton Palms Market Scorecard

Balanced

Carlton Palms is currently a balanced. About 4.6 months of supply, a median asking price of $95,000, and homes go under contract in about 32 days.

4.6
Months supply
$95,000
Median list
$74,750
Median sold
$215
Per sqft
32
Days on mkt
5/0/13
Active/Pend/Sold

Typical home value in the 32502 ZIP is $335,581, right around the Florida norm (Zillow Home Value Index).

Zoom out for the wider market: ZIP market scorecard.

Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.

Frequently Asked Questions

Where is Carlton Palms?
It is an established residential condominium in downtown Pensacola, Escambia County, ZIP 32502, near dining, culture, and the marina.
What kind of building is Carlton Palms?
Third-party sources describe a multi-story residential condominium built in 1973 with roughly 228 units from studios to two bedrooms (carltonpalmspensacola.com; homes.com, 2026).
What do units cost in Carlton Palms?
Pricing varies by floor, view, size, and condition (illustrative, not MLS). Confirm current pricing for a specific unit.
What are the condo dues?
Third-party sources report the dues cover utilities; confirm the current dues, what they cover, and the reserves with the association before you offer (homes.com; zillow.com, 2026).
Is there a CDD?
No. This is a condominium association, not a community development district; review the association budget instead.
What amenities does Carlton Palms have?
Third-party sources describe indoor and outdoor pools, a fitness room, a community room, secured storage, and on-site laundry; confirm the current amenities in the association documents (homes.com, 2026).
Can I rent out a unit at Carlton Palms?
Condo associations set rental and occupancy rules; confirm any rental cap, lease minimums, and owner-occupancy rules with the association before you write.
What is nearby?
Walkable downtown dining, culture, and shopping, the marina, Interstate 110, and the destinations noted above.
What schools serve Carlton Palms?
It is in the Escambia County School District; confirm the current zoned schools by address with the district.
What should I review before buying a unit here?
Review the association budget, the reserve study, any special assessments, and the rental rules, and inspect the specific unit and ask about the building's major-system history.
Is Carlton Palms good for investors?
It can suit investors depending on the rental rules; confirm any rental cap and lease minimums, the dues and reserves, and price each unit on its floor, view, and condition.
Should I use the listing agent to buy at Carlton Palms?
No. The listing agent works for the seller. On a condo where the association budget, reserves, and rules move value, having your own representation, which costs you nothing as the buyer, is the highest-leverage decision you make.
Buyers who want a walkable downtown Pensacola condominiumExcellent fit
Buyers who want an amenity building with pools, a fitness room, and utilities in the duesExcellent fit
Lock-and-leave buyers and right-sizers comfortable with condo association livingExcellent fit
Buyers who want a single-family home or a private yardProbably not
Buyers who want a brand-new building or a beachfront unitProbably not
Anyone unwilling to review the association budget, reserves, dues, and rulesProbably not

Get the inside read on Carlton Palms

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your Carlton Palms home, tell us what you need. Every inquiry comes straight to us. We represent you, not the seller, and what your agent is paid is negotiable and set in a written buyer agreement up front. No obligation, no spam, no high-pressure follow-up.

We respond personally, usually the same day.

You are all set.

A Momentum Realty Carlton Palms specialist will reach out personally, usually the same day.

Carlton Palms median home price history from 2012 to 2026 — chart by Momentum Realty
Median sale price in Carlton Palms, Florida by year (2012–2026). Source: Momentum Realty.
Photography on this page is sourced from active and recently sold MLS listings in this community and remains the property of the listing brokerage and/or photographer. Source: Listing data provided by the Multiple Listing Service of the Pensacola Association of REALTORS®. Information deemed reliable but not guaranteed.

Zoom out before you decide: see the Pensacola area market guide or every community in the Neighborhood Finder.

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