Palacio

Living at Palacio

Palacio is a 19-story Gulf-front tower with a symmetrical glass facade, completed in 2001. It holds 103 residences.

Homes range from two-bedroom units of about 1,310 to 1,440 square feet to three-bedroom plans and four-bedroom penthouses of about 3,400 to 3,600 square feet. Many units have floor-to-ceiling glass, some have wrap-around balconies, and Gulf-front primary suites are common.

Amenities include a Gulf-front pool, a heated lap pool, a hot tub, a renovated fitness room, lighted tennis courts, a racquetball court, a gazebo picnic area with grills and a private boardwalk to the beach. Owners also have a community room, a conference room, extra storage closets, on-site management and maintenance, and covered garage parking reserved for owners. A keypad controls the front door in the evening. Pets are allowed, and owners can use their units as second homes or vacation rentals.

Walk to Villagio

Villagio's shops and restaurants are within walking distance on the north side of Perdido Key Dr, and Lost Key Golf Club is a short drive away. Pensacola is about 17 miles east, and Pensacola International Airport is about 40 minutes by car.

Real estate at a glance

Current listings run from about $635,000 for a two-bedroom to about $800,000 for a three-bedroom, and a four-bedroom penthouse sold for $1.5 million in 2023. HOA dues run from about $1,170 a month for smaller units to more than $2,200 for a penthouse and cover grounds, insurance, management, pest control, recreation facilities, trash and water and sewer. Some listings mention an elevator assessment, so ask about its balance.