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Port Royal in Pensacola

Port Royal

Established 1988 · Intracoastal West · ZIP 32224

A downtown, waterfront condominium community on a Pensacola Bay peninsula, Escambia County, where the value is the specific unit, the view, and the marina setting.

Downtown waterfront condoPensacola, Escambia CountyMarina, pool, deed-restricted
Live Market Pulse
59/100
Momentum
Balanced Market (limited data)
Tight supply keeps sellers in control, but dated interiors still trade at a discount, so condition is where buyers win.
Free · No obligation
Unlock Off-Market Port Royal

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
$1.11M
Median Price
9mo
Supply
112days
Avg DOM
Balanced
Seller Leverage
$401/sf
Median $/Sqft
-6%
1-Yr Price Change
0now
Distress
Jon Brooks, founder of Momentum Realty
Jon's Current Read

"Port Royal reads as a downtown Pensacola waterfront condominium community on a peninsula between the Palafox Pier Yacht Harbor Marina and Pensacola Bay, ZIP 32502, off Main Street near the Blue Wahoos ballpark (portroyalpensacola.com; redfin.com, 2026). Third-party sources describe a deed-restricted community of waterfront condominiums with amenities such as a resort-style pool, clubhouse, and fitness facility, plus marina slips and walkability to downtown Palafox. The buy is the specific unit: confirm the association dues and what they cover, the reserves and any special assessments, the view and any slip, and comp it against the closest comparable downtown Pensacola waterfront condo sale."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Port Royal market snapshot (as of June 11, 2026): the median sale price is about $1.1M ($401 per sq ft), with homes averaging 112 days on market and 9.0 months of supply, a balanced market (limited data). Based on 4 recent closings in live Pensacola MLS data.

Port Royal is a downtown Pensacola waterfront condominium community on a peninsula between the Palafox Pier Yacht Harbor Marina and Pensacola Bay, Escambia County, ZIP 32502 (portroyalpensacola.com; redfin.com, 2026).

Third-party sources describe a deed-restricted community of waterfront condominiums, so compare strictly by unit type, floor, view, and any boat slip rather than a community average (portroyalpensacola.com, 2026).

The strength is the downtown waterfront setting with a resort-style pool, clubhouse, and fitness facility, marina access, and a short walk to Palafox Street dining and shops (portroyalpensacola.com, 2026).

The community 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.

Quick Match

Who Port Royal is best for.

Best for

  • Buyers who want a downtown Pensacola waterfront condominium with marina access
  • Boaters who value a slip and bayfront views in a walkable downtown setting
  • Lock-and-leave buyers comfortable with a deed-restricted condo association

Probably not for

  • Buyers who want a single-family home or a private yard
  • Buyers who want a beachfront unit or a no-dues property
  • Anyone unwilling to review the association budget, reserves, dues, and rules
Market Pulse

How Port Royal is performing right now

59/100
momentum
Balanced Market (limited data)
Seller's marketBalancedBuyer's market
9Months of supplytight
8Median days on marketdays
2 : 3Under contract vs for salestrong demand
4Sold in last 12 monthsliquidity
+127%Median price since 2012appreciation
+12%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 Port Royal 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 Port Royal buys, holds, and resells. See the five factors.

Homes For Sale Right Now in Port Royal

Live MLS inventory for Port Royal. 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.

4 Port Royal Way home for sale in Port RoyalActive · 0 daysTop listing
$986,000
3 bd · 2.5 ba · 2,200 sqft · built 1984
4 Port Royal Way, Pensacola, 32502
Strong resaleReno opportunityBest value
Listed by Berkshire Hathaway Home Services PenFed Realty
701 Port Royal Way #701 home for sale in Port RoyalActive · 329 days
$648,500
2 bd · 2 ba · 1,268 sqft · built 1984
701 Port Royal Way #701, Pensacola, 32502
Renovated
Listed by The Realty Vault
301 Port Royal Way #301 home for sale in Port RoyalActive · 8 days
$449,000
2 bd · 2 ba · 1,268 sqft · built 1984
301 Port Royal Way #301, Pensacola, 32502
Strong resaleReno opportunityBest value
Listed by Berkshire Hathaway Home Services PenFed Realty
37 Port Royal Way home for sale in Port RoyalPending · 39 days
$1,375,000
3 bd · 2.5 ba · 2,944 sqft · built 2001
37 Port Royal Way, Pensacola, 32502
Strong resaleLakefront
Listed by Levin Rinke Realty
5 Port Royal Way home for sale in Port RoyalPending · 198 days
$1,199,000
3 bd · 2.5 ba · 2,215 sqft · built 1984
5 Port Royal Way, Pensacola, 32502
Listed by Levin Rinke Realty

Active and pending Port Royal 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.

Interactive Map

Port Royal on the map.

Every active, pending, and recently sold home, plotted. Toggle the layers, color the dots by status or lot type, and tap a home for the details.

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.

Nearby & Commute

How far is everything?

The takeaway

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

Drive times from Port Royal. They are approximate and vary with traffic and your exact start point.

Palafox Pier Yacht Harbor Marinaon site · boating
Palafox Street dining and shopswalkable · lifestyle
Blue Wahoos ballpark~3 to 6 min · entertainment
Interstate 110~3 to 8 min · commuting
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 Port Royal with Momentum Realty’s local guides.

The OldCity TractThe OldCity TractPensacola, FL · 0.2 miSDSevilleHistoric DistrictPensacola, FL · 0.4 miAragonAragonPensacola, FL · 0.4 miCarlton PalmsCarlton PalmsPensacola, FL · 0.5 miMTMaxent TractPensacola, FL · 0.7 miBelmontBelmontPensacola, FL · 1.1 miCOCourt ofNorth HillPensacola, FL · 1.2 miOEOld East Hill PlacePensacola, FL · 1.2 miThe NewCity TractThe NewCity TractPensacola, FL · 1.2 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
Port Royal (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

Port Royal 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 Port Royal address.

The takeaway

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

Recent Developments in Port Royal

Development Intelligence

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

Net OutlookBullishA downtown waterfront condominium community whose value tracks the specific unit, its view, and any slip, with the marina setting and walkable downtown as durable draws and the association's budget, reserves, and rules as the central variables.

Downtown waterfront and marina setting

BullishMajor impact
SignificanceRadius: Downtown Pensacola

A bayfront peninsula at the Palafox Pier Yacht Harbor Marina, walkable to downtown, with deep-water slips is a scarce, durable draw (portroyalpensacola.com, 2026).

Association budget, reserves, and dues

NeutralMajor impact
SignificanceRadius: Port Royal

On a waterfront condominium, the association's reserves, any special assessments, and what the dues cover are central value variables; review the budget and reserve study before you write.

Coastal insurance and rules

NeutralNotable impact
SignificanceRadius: Port Royal

Waterfront condos carry wind and flood insurance considerations and association rental and occupancy rules; confirm the flood picture, the master policy, and the rules before you write.

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 Port Royal, 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 and the Port Royal Owners Association describe a deed-restricted downtown Pensacola waterfront condominium community on a peninsula at the Palafox Pier Yacht Harbor Marina, with a resort-style pool, clubhouse, and fitness facility. Why it matters: Verify the specific unit, the dues and what they cover, the reserves and any assessments, any slip, 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.

The Strategy

The Port Royal buying strategy.

If we were buying in Port Royal, 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, the master insurance, and any special assessments before you write.

2

Confirm the view, floor, and any boat slip. Verify the unit's bay or marina view, floor, and whether a slip is owned, deeded, or rented.

3

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

4

Confirm the flood and wind insurance picture. On a waterfront condo, confirm the FEMA flood considerations, the master policy, and any owner-level coverage.

5

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

The Quick Decision
Best Buy
An updated unit with the bay or marina view you value in a well-reserved association, ideally with a slip, priced to comparable downtown waterfront condo sales.
Biggest Risk
Thin reserves or a pending special assessment, a restrictive rental rule, high insurance, or overpaying relative to comparable sales.
Best Lot
The view, the floor, any slip, and the unit's condition are the value here, alongside the association's financial health; verify all of them.
Smart Timing
A scarce downtown waterfront condominium rewards a prepared buyer who has reviewed the association budget and confirmed the rules and insurance.
Deep-Dive Intelligence

The full read, only if you want it.

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

Port Royal is a deed-restricted downtown Pensacola waterfront condominium community on a peninsula between the Palafox Pier Yacht Harbor Marina and Pensacola Bay, Escambia County, ZIP 32502, off Main Street near the Blue Wahoos ballpark, with a resort-style pool, clubhouse, and fitness facility, marina slips, and walkability to Palafox Street (portroyalpensacola.com; redfin.com; mygulfcoastlife.com, 2026). Value is read unit-by-unit on view, floor, and any slip, and the central diligence items are the association budget and reserves, the master insurance, any special assessment, the rental and occupancy rules, and the Escambia County unit taxes.

Port Royal Homes For Sale

What your money buys in Port Royal.

The takeaway

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

Here are the broad resale bands in Port Royal today. The right home is the one matched to your budget and the renovation math, so seeing fitting listings early is the edge.

Entry: interior or lower-view units
$482K to $1.10M

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

Lowest entry
Mid: bay or marina-view units
$1.10M to $1.45M

Units with a bay or marina view are the core of the community. Price each on its view, floor, and condition against the closest comparable sale.

Most inventory
High: top-floor or slip-included units
$1.45M to $1.45M

Top-floor units, prime bay views, and units with an owned slip sit at the top here. Price each on its own view, floor, slip, and condition, not a community average.

Strongest resale

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

See Off-Market & Private Listings
What Your Money Buys

What ~$1.11M buys here.

Three realistic price bands. Where a home lands comes down to condition and lot, not square footage alone.

$482K to $1.10M
Entry: interior or lower-view units
Interior or lower-view units are the value entry here. Review the association dues, reserves, and rules and confirm the insurance before you write (third-party context, 2026, not MLS).
$1.10M to $1.45M
Mid: bay or marina-view units
Units with a bay or marina view are the core of the community. Price each on its view, floor, and condition against the closest comparable sale.
$1.45M to $1.45M
High: top-floor or slip-included units
Top-floor units, prime bay views, and units with an owned slip sit at the top here. Price each on its own view, floor, slip, and condition, not a community average.

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

Operator Intelligence

Renovation & Resale Intelligence

The factors that actually move value in Port Royal, condition, lot, and the renovation math, read from current listings and recent sales.

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
Proprietary Data

The renovation premium.

Updated homes ask about 12% more per square foot than original-condition homes, and they tend to sell faster. In an all-resale market, condition is the single biggest swing in value, which is why reading the renovation math is the whole game.

Asking price per square foot
Renovated$511
Original$458
Median days on market
Renovated329
Original24

From current Port Royal listings (renovated 1, original 4); condition inferred from listing descriptions, asking not closed figures. The exact number depends on a specific home's updates, lot, and view, which is the read we do before you offer.

Jon Brooks, Momentum Realty
Operator Note

The trap here is a beautifully staged original-condition home. Staging is cheap; a roof, HVAC, and a full modernization are not. We price the real renovation before you fall for the listing photos, because in an all-resale market that number is the difference between a deal and the most expensive house on the street.

Unit Value

The unit premium.

In a condo the value the market gives back at resale is set by the unit, not a lot: the floor, the view line (direct versus partial), and the exposure. The interior can be renovated, but the floor and view cannot, so higher floors and better views hold their value better. How much more they command varies by building, line, and condition, which is why we read it unit by unit against real comparable sales rather than a single headline figure.

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.

Resale Strength Scorecard

How well Port Royal holds value.

Our read on the factors that protect resale here, and the one to manage.

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 Port Royal

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.

Port Royal1

Calling the listing agent

The agent on the sign works for the seller. In a market where condition swings price by hundreds of thousands, negotiating against that agent with no one in your corner is the costliest move of all.

Port Royal2

Misjudging the renovation math

A dated home looks like a deal until you price the roof, HVAC, pool, and full modernization honestly. Underbudget the reno and the bargain becomes the expensive house.

Port Royal3

Overpaying for an interior lot

A premium homesite (water, preserve, or a preferred position) carries a real, durable premium. Pay a top price for an interior lot and you are buying the weakest version of the value.

Port Royal4

Underbudgeting the carrying costs

Two similar homes can cost very differently to own once the HOA, any CDD, insurance, and upkeep are priced in. Buyers who do not run the full monthly carrying cost misread the real number.

Port Royal5

Skipping the systems check

An older home means older systems unless updated. Roof age, HVAC age, pool equipment, and prior renovations drive both price and insurability, and a thorough inspection matters more here than in a new build.

“

Port Royal is downtown waterfront condominium living at the Pensacola marina. The deal is read unit-by-unit in the view, the floor, any slip, the condition, and the association's budget, rules, and insurance, not a community average.

Jon Brooks · Founder, Momentum Realty
Momentum Intelligence

Momentum Buy Score.

Our proprietary 0 to 10 read across the five factors that decide how a home here buys, holds, and resells.

6.8B · Buy Score
Resale Strength6.7/10
Renovation Risk5.8/10
Location Efficiency8.0/10
Long-Term Defensibility6.6/10
Carrying Cost Advantage5.8/10

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.

Momentum Housing Intelligence

Why our read on Port Royal 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.
About the analyst · Our methodology

Which Lots & Views Hold Value Best

Proprietary Data · Unit Value Map

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 view, the floor, any slip, and the unit's condition are the value; verify all of them.
  • Review the association budget, reserves, master insurance, dues, and rental rules.
  • Comp against the closest comparable downtown Pensacola waterfront condo sale.

In a downtown waterfront condominium like Port Royal, value is driven by the specific unit's view, floor, any boat slip, and condition, plus the association's financial health, insurance, and rules, not a single community average. That means reviewing the budget, the reserve study, the master insurance, and any special assessment, confirming the dues, the rental and occupancy rules, and whether a slip is owned, deeded, or rented, then pricing the unit against the closest comparable downtown Pensacola waterfront condo sale, with the scarce bayfront, marina, and walkable downtown setting as the durable advantage.

The 15-Second Verdict

Port Royal in 15 seconds.

Best forBuyers who want a downtown Pensacola waterfront condominium with marina access.
Strong onA scarce bayfront, marina setting walkable to Palafox, with a resort-style pool and clubhouse.
WatchThe association's reserves and any special assessment, waterfront insurance, and the rental and occupancy rules.
Not forBuyers who want a single-family home, a private yard, a beachfront unit, or a no-dues property.
The edgeA scarce downtown waterfront condominium rewards a prepared buyer who reviews the association budget and prices on view, floor, and slip.

HOA, CDD & Fees

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

Port Royal is a deed-restricted condominium community; the association sets the dues. Confirm the current dues, what they cover, the reserves, the master insurance, and any special assessments before you offer. This is a condo and owners association rather than a CDD.

Third-party sources describe a resort-style pool, clubhouse, and fitness facility, plus the marina setting; the master insurance and common-area maintenance are typically in the dues. Confirm exactly what the dues cover in the association documents.

The value is the downtown waterfront and marina setting with a resort-style pool and clubhouse; confirm the amenities, the budget, and what the dues cover in the association documents.

Run Your Numbers

Tools for a Port Royal buy.

Free calculators to pressure-test the real cost before you tour.

Mortgage paymentPrincipal, interest, taxes, and insurance on a specific price.Property taxEscambia County millage and the homestead picture.Rent vs buyThe breakeven on owning in Port Royal.Save Our HomesProject your homestead tax cap over time.
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.

Selling in Port Royal

Thinking of selling in Port Royal?

Your buyer is comparing downtown Pensacola waterfront condos, so sell what is specific and verifiable: the view, the floor, any slip, the unit's updates, the association dues and what they cover, and a clear reserves and insurance picture.

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 Port Royal, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Eagle Ridge, 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 Port Royal home worth?

Get a no-obligation home value based on real comparable sales in Port Royal 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 Port Royal 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 Port Royal 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.

Port Royal Market Scorecard

Buyer's market

Port Royal is currently a buyer's market. About 9.0 months of supply, a median asking price of $648,500, and homes go under contract in about 168 days.

9.0
Months supply
$648,500
Median list
$1,112,500
Median sold
$448
Per sqft
168
Days on mkt
3/2/4
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 Port Royal?
It is a downtown Pensacola waterfront condominium community on a peninsula at the Palafox Pier Yacht Harbor Marina, Escambia County, ZIP 32502, off Main Street.
What kind of property is Port Royal?
Third-party sources describe a deed-restricted waterfront condominium community with a resort-style pool, clubhouse, and fitness facility (portroyalpensacola.com, 2026).
What do units cost in Port Royal?
Pricing varies by view, floor, size, any slip, and condition (illustrative, not MLS). Confirm current pricing for a specific unit.
What are the condo dues?
Confirm the current dues, what they cover, the reserves, and the master insurance with the association before you offer (portroyalpensacola.com, 2026).
Is there a CDD?
No. This is a condominium and owners association, not a community development district; review the association budget instead.
Does Port Royal have a marina or boat slips?
Third-party sources describe a marina setting at the Palafox Pier Yacht Harbor with deep-water slips; confirm whether a slip is owned, deeded, or rented for the specific unit (portroyalpensacola.com, 2026).
Can I rent out a unit at Port Royal?
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?
Palafox Street dining and shops, the Blue Wahoos ballpark, the marina, and Interstate 110, plus the destinations noted above.
What schools serve Port Royal?
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, the master insurance, any special assessments, and the rental rules, and confirm the view, floor, and any slip.
Is Port Royal 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 view, floor, slip, and condition.
Should I use the listing agent to buy at Port Royal?
No. The listing agent works for the seller. On a waterfront condo where the budget, reserves, insurance, and rules move value, having your own representation, which costs you nothing as the buyer, is the highest-leverage decision you make.
The Verdict

Should you buy in Port Royal?

An honest fit check. We will tell you when it is not your community.

Buyers who want a downtown Pensacola waterfront condominium with marina accessExcellent fit
Boaters who value a slip and bayfront views in a walkable downtown settingExcellent fit
Lock-and-leave buyers comfortable with a deed-restricted condo associationExcellent fit
Buyers who want a single-family home or a private yardProbably not
Buyers who want a beachfront unit or a no-dues propertyProbably not
Anyone unwilling to review the association budget, reserves, dues, and rulesProbably not

Get the inside read on Port Royal

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your Port Royal 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.

By pressing Get My Port Royal Game Plan, you agree that EAB RE INVESTMENTS LLC (Momentum Realty) and its agents may call and text you about your inquiry, which may involve automated means and prerecorded or artificial voices, at the number you provided. You do not need to consent as a condition of buying any property, goods, or services. Message and data rates may apply. Message frequency may vary. Reply STOP to opt out, HELP for help. You also agree to our Privacy Policy and SMS Terms.

We respond personally, usually the same day.

You are all set.

A Momentum Realty Port Royal specialist will reach out personally, usually the same day.

Port Royal median home price history from 2012 to 2026 — chart by Momentum Realty
Median sale price in Port Royal, 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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