Explore Homes for Sale in New City Tract, Pensacola, FL

New City Tract, Pensacola, FL Homes for Sale

New City Tract in Pensacola, FL is one of the city's most established historic neighborhoods, where homes for sale typically list between $180,000 and $380,000 depending on size, condition, and proximity to the waterfront. Buyers searching this pocket of urban Pensacola find bungalows, craftsman cottages, and early 20th-century frame homes on compact lots averaging 4,000 to 6,500 square feet. Pointe South agents are deeply familiar with this corridor and the nuances that separate a strong buy from an overpriced flip.

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Home Styles and Price Context

Most of the housing stock in New City Tract dates from the 1920s through the 1950s, giving the neighborhood a consistent architectural character that buyers rarely find in newer subdivisions. Craftsman bungalows with front porches, original hardwood floors, and detailed millwork are common throughout the tract. Renovated homes in move-in condition generally list between $260,000 and $380,000, while properties needing cosmetic or structural updates often enter the market in the $180,000 to $240,000 range. Square footage typically runs from 900 to 1,800 square feet, with larger two-story homes on the higher end of that scale.

Neighborhoods and Streets

New City Tract sits just north of downtown Pensacola and is bordered by streets including North Ninth Avenue and Jordan Street, both of which carry a mix of owner-occupied homes and long-term rentals. The blocks closest to Bayou Texar tend to attract buyers looking for walkable access to the water, and those properties command a modest price premium compared to interior lots. Spring Hill subdivision, adjacent to New City Tract, shares a similar housing character and is often searched alongside it by buyers touring the area. Homes on East Moreno Street have seen steady renovation activity over the past several years as buyers prioritize proximity to downtown employers and the historic district.

Day-to-Day Lifestyle

Residents of New City Tract are typically within a five-minute drive of downtown Pensacola's core, which includes the Pensacola Bay waterfront, regional employers in healthcare and government, and a concentrated dining district along Palafox Street. Bayview Park, located on the eastern edge of the neighborhood along Bayou Texar, provides waterfront access, tennis courts, and a boat launch used regularly by residents. Pensacola High School serves this part of the city, and several elementary and middle school options are accessible within a short drive via North Ninth Avenue. Commuters heading to Naval Air Station Pensacola reach the base in roughly 15 minutes under normal traffic conditions.

Working With a Local Expert

Pointe South has tracked listing and sales activity across New City Tract closely, and that ground-level knowledge helps buyers move quickly in a neighborhood where well-priced homes receive multiple offers within days of hitting the market.

Newest Homes for Sale in New City Tract, Pensacola, FL

$650,000
4 Beds 3 Baths 685487 MLS
*Seller financing option with $350k down* Located less than one mile from Downtown Pensacola, 608 N 9th Ave offers two fully furnished rental units on one property with established mid-term rental income already in place. Check the documents for proven cap rate info! The front unit is a 2 bedroom, 1 bath cottage with a covered front porch, bright exterior, and a layout that works well for furnished rental use. The back unit is a 2 bedroom, 2 bath residence, with off street parking, giving the property two separate rental options on one downtown-adjacent parcel. Both units are currently leased through the remainder of 2026, giving an investor immediate income without the initial vacancy period, furnishing expense, or setup work typically required when launching a furnished rental. The sale includes furnishings, and the property is currently self-managed with no property management fee built into the current operation. Projected 2026 gross revenue is approximately $66,506 based on seller-provided income history and existing lease agreements. The location supports multiple rental strategies, with quick access to Downtown Pensacola, Pensacola Bay Center, McGuire’s, the Sanctuary Event Venue, Publix, restaurants, festivals, and Pensacola Beach. The two-unit setup gives a buyer flexibility for mid-term rentals, furnished rentals, corporate housing, travel professionals, or a future owner-occupant scenario with personal residence in one unit and rental for the other. Financial information, income history, projected expenses, and lease details are available for review. Buyers should verify all figures, lease terms, taxes, and rental projections during due diligence.

608 N 9th Ave, Pensacola

$489,000
4 Beds 3 Baths 685432 MLS
MAJOR PRICE IMPROVEMENT—NOW OFFERED AT $489,000! Discover an exceptional East Hill short-term rental and investment opportunity featuring a beautifully maintained main residence plus a fully furnished, detached guest cottage. Located minutes from Downtown Pensacola, Pensacola Bay, restaurants, breweries, parks, and area beaches, this versatile property offers 4 bedrooms, 3 full bathrooms, and 2,029 square feet of total living space. The main home combines timeless character with modern updates, including hardwood floors, crown molding, exposed-brick accents, a cozy gas fireplace, and an updated kitchen with granite countertops and stainless-steel appliances. A spacious rear deck and fenced backyard provide an inviting setting for relaxing or entertaining. The detached, self-contained guest cottage is the property’s standout feature and creates serious short-term rental income potential. Use the property as a primary residence while hosting guests in the cottage, explore multiple rental configurations, or accommodate extended family—all without an HOA. Rental use remains subject to applicable local regulations, and buyers should independently verify projected income and permitted uses. Additional improvements include new roofs on all structures in 2020, a tankless water heater installed in 2024, an outdoor HVAC unit replaced in 2020, and an indoor air handler installed in 2015. At its newly reduced price of $499,000, this distinctive East Hill property delivers the location, flexibility, and income-producing possibilities investors and homeowners are searching for. Schedule your private showing today!

1519 E Avery St, Pensacola

$197,500
685384 MLS
Opportunities like this rarely surface as one of the few remaining buildable vacant lots near the heart of Downtown Pensacola, genuinely scarce in the East Hill neighborhood where developable lots have all but disappeared. The parcel spans 34' x 102.5', wider than a typical downtown lot, giving it unique flexibility. Zoned C-2, it allows for residential, multifamily, office, retail, or mixed-use, freeing you to shape a project around your vision rather than around constraints. The lot sits outside the CRA Overlay District, meaning greater architectural latitude and a more streamlined path through development. Minimal setbacks further open up what the site can hold, and with no HOA or deed restrictions, the possibilities stay firmly in the builder's hands. Position is part of what makes it special. A third-floor vertical elevation offers potential Pensacola Bay views, a truly special feature for downtown living. The property lies roughly half a mile from the Bay and within an easy walk of the restaurants, shops, galleries, parks, entertainment venues, and waterfront that define downtown life. A luxury custom residence is planned for the adjacent property, a signal of how this pocket of downtown is taking shape. As downtown vacant land grows scarcer by the year, a prime development site in one of Pensacola's most desirable and fastest-growing areas is not something that comes along often. This is the chance to secure one before it becomes someone else's.

902 E Belmont St, Pensacola

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