$9,797 Closing Credit¹
#640546, Eric Milstead, Listing Office: Floridas Top Properties, LLC
$949,900 List price
118 E Wright St Pensacola, FL 32501
$10,000
Closing credit¹
Multi-Family
Property details
About 118 E Wright St
Are you ready to own a piece of Pensacola history? Take a look at this breathtaking two story commercial building located in the heart of Downtown, just one block from Palafox St. The property is currently being utilized as a two unit AirBNB. However, being zoned Downtown Retail Commercial (C-2A), the possibilities for the use of the building are endless. Make it a business, single family home, or keep it multi-family. Being sold fully furnished. Agent/ seller is also willing to manage the building for new owners. Thought to have been built in 1940, it has been discovered that the building was actually constructed in 1890. The owners were able to locate the original abstract of title, handwritten on parchment paper, which includes over 100 documents relating to the construction and sale of the property. Also found were: old photographs of the building, blueprints, and dozens of newspaper articles and ads documenting the buildings long and rich history as a saloon, grocery store, boarding house, pharmacy, jewelry shop, diner, and much more. Did we mention it is historically registered? Inside, the building features fully exposed brick walls throughout. Unit A, located on the ground floor, offers a wide open space with 14 foot ceilings. Stunning kitchen with reverse osmosis water system and featuring a more than 100 year old butcher block counter, which was removed from a butchers shop and imported from Belgium. Bathroom features a remarkable copper clawfoot tub, and massive walk-in closet. Unit B, located upstairs, showcases original and beautifully distressed 1890’s hardwood floors. These floors can be seen in some of the old photos. Custom shutters on the windows, electronic blinds, and new kitchen. In the bathroom you will find an original advertisement billboard, which was uncovered behind old panel walls and found partially intact. Owners restored the missing portion of the advertisement. Walk-in shower, closet space, and washer/dryer hookup upstairs.
Highlights
Home typeDuplex
HeatingWall/Window Unit(s), Fireplace(s)
StatusActive
CoolingCeiling Fan(s), Wall/Window Unit(s)
Year built1890
ParkingOn Street
MLS #660344
FireplaceTwo or More
Summary
- MLS Number: 660344
- MLS Name: Pensacola MLS
- Office Name: Palm Island Realty Group, LLC
- Office Phone: (850) 807-4122
- Listing Agent: Jennifer Amberg
Copyright © 2025 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. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/9/2025, 10:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$949,900
118 E Wright St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 29, 2023 | Home Sold | $745,000 |
| Apr 29, 2022 | Home Sold | $690,000 |
| Aug 30, 2017 | Home Sold | $457,100 |
| May 20, 2016 | Home Sold | $223,500 |
| Oct 24, 2014 | Home Sold | $250,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $432,584 | $8,216 |
| 2022 | $328,276 | $6,292 |
| 2021 | $208,085 | $6,292 |
| 2020 | $205,213 | $3,181 |
| 2019 | $200,600 | $4,171 |
| 2018 | $211,634 | $1,405 |
History based on county public records data.
Nearby schools
9
N. B. Cook Elementary School
Public Magnet PK-5
1.1 mi
•1310 N 12th Ave
3
Global Learning Academy
Public District PK-5
1.7 mi
•100 N P St
6
Suter Elementary School
Public District KG-5
2.0 mi
•501 Pickens Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $26,017. Residents of Pensacola, FL typically earn less than $<35k each year. Most families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
65%
<35k
28%
35k-100k
2%
100k-200k
5%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
58%
Single, No Kids
25%
Single, with Kids
11%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
9%
12-17 yrs old
23%
18-34 yrs old
40%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
NHRA Drag Racing
UFC- Pro Boxing
Where do the neighbors shop?
Big Lots
Family Dollar
Burlington
Where do the neighbors go to eat?
Golden Corral
Burger King
White Castle
What do the neighbors drive?
Kia
Buick
Chevrolet
What do the neighbors listen to?
Adult Standards
Urban Contemporary
Rock
All data provided by Home Junction and Claritas
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This home is located at 118 E Wright St in Pensacola, FL and zip code 32501 in the Downtown Pensacola neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since March 7, 2025 and is currently priced at $949,900.
In February 2025, from all listings sold in Pensacola, FL there were more than 29 sold above asking price, over 158 sold below and more than 54 were sold right at the asked price. In February 2025 in Pensacola, FL there were 11.7% more homes for sale than in January. The median list price of listings available in February 2025 was $285,090, while the average time on the real estate market was 72 days.
From Rocket Homes Real Estate and based on county public records data.