5405 Ilex Ln, Pensacola, FL 32526

Positioned in a stable, well-established neighborhood, this property offers a strong blend of size, updates, and long-term value—ideal for both income and appreciation potential. Built in 1988 and well maintained, the home delivers 3,630 total sq ft under roof, including 2,955 sq ft of heated and cooled living space, a 483 sq ft two-car garage, and a 192 sq ft covered front porch. The interior features durable tile flooring in main living areas and new carpet in bedrooms, minimizing immediate maintenance costs. Recent upgrades ensure reduced capital expenditures: New roof (2021, permitted), Two ductless mini-split AC systems for year-round efficiency in enclosed sun porches, Tankless hot water heater (2025), Updated electrical panel (2025). The master suite enhances marketability with a large walk-in closet, walk-in shower, garden tub, and private water closet. Multiple enclosed porches expand usable living space and rental appeal. With its size, upgrades, and below-market cost per square foot, this property stands out as a low-risk, high-value acquisition with strong rental and resale potential.