#666898, Kevin Fox, Listing office: Olde City Realty LLC
Property details
About 401 W Wright St
Offered Turnkey & Furnished | Owner Financing Available. A charming one bedroom bungalow on an oversized 0.17-acre corner lot in the historic and thriving Belmont-DeVilliers neighborhood of Downtown Pensacola. With a central location, flexible zoning potential, and a unique backstory rooted in Pensacola’s vibrant culture, this property is full of opportunity—for investors, creatives, and anyone with an eye for potential. This fully renovated urban studio bungalow is currently operating as a furnished Airbnb and is currently leased on an annual basis for $1,695/month—a turnkey income-producing property from day one. With gleaming hardwood floors, a modern kitchen, updated tile bath, cozy sleeping nook with queen bed, and a pull-out sofa, this light-filled home is ideal for travelers, tenants, or short-term guests. New AC with warranty, New Hot Water Heater, New Roof. The Lot + Possibilities: This huge corner parcel offers rare flexibility in one of the most exciting areas of Pensacola: Build a duplex (side-by-side or up/down) Keep the current house and add an Accessory Dwelling Unit (ADU) Add a garage with carriage house apartment, Use the backyard for RV parking or lease it separately, Install a pickleball court and create a Pickle Pied-à-Terre Or, start fresh and redevelop the entire site. Building plans are available, and owner financing is offered at 4.95% FULL PRICE OFFER interest with a mandatory 5-year balloon, making this an accessible and creative opportunity for a range of buyers. Just a few blocks from Palafox Street, Everman’s Cooperative Grocery and Cafe, the Pensacola Bay Center, The Maritime Park and Wahoo Stadium. The area is buzzing with revival energy—iconic eateries like Five Sisters Blues Café, Blue Dot BBQ and Dwarf Chicken blend with newcomer Betty’s on Belmont and the in progress Great Harvest Bakery at the nearby Savoy Apartments.
Highlights
Summary
- Full Bathrooms: 1
- Appliances: Electric Water Heater
- Total Bedroom Count: 1
- Parking: 2 Space/Unit
- Architectural Style: Cottage
- Heating: Natural Gas
- Cooling: Central Air
- List Price: $286,500
- Price/SqFt: $447
- Annual Tax Amount: $2,031
- Tax Year: 2023
- Lot: Corner Lot
- Directions: From Garden St turn north on N Reus St. Property is on the left corner of N Reus and W Wright St.
- Year Built: 1972
- Stories: 1
- Living Area: 640 SqFt
- MLS Number: 662977
- MLS Name: Pensacola MLS
- Office Name: Link Realty Gulf Coast LLC
- Office Phone: (251) 504-6642
- Listing Agent: Caroline Jordan
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Price information
Property sales
Date | Event | Price |
---|---|---|
Oct 10, 2016 | Home Sold | $45,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $117,225 | $2,031 |
2022 | $113,976 | $1,992 |
2021 | $105,689 | $1,992 |
2020 | $100,086 | $1,788 |
2019 | $90,988 | $1,604 |
2018 | $99,849 | $1,386 |
History based on county public records data.
Nearby schools
3
Global Learning Academy
Public District PK-5
1.3 mi
•100 N P St
9
N. B. Cook Elementary School
Public Magnet PK-5
1.5 mi
•1310 N 12th Ave
4
C. A. Weis Elementary School
Public District PK-5
2.2 mi
•2701 N Q St
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 $31,167. The most common annual income of people living in Pensacola, FL is less than $<35k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
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Frequently asked questions
About 401 W Wright St
The listing price of 401 W Wright St property is $286,500.
The property 401 W Wright St is a house located in Pensacola, Florida, 32501.
Active Listing: 401 W Wright St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 401 W Wright St are: Global Learning Academy (GreatSchools Rating 3/10), N. B. Cook Elementary School (GreatSchools Rating 9/10), C. A. Weis Elementary School (GreatSchools Rating 4/10), Warrington Middle School (GreatSchools Rating 2/10), Brown Barge Middle School (GreatSchools Rating 8/10), Gulf Breeze Middle School (GreatSchools Rating 7/10), Pensacola High School (GreatSchools Rating 3/10), Camelot Academy of Escambia County (GreatSchools Rating 1/10), Escambia Virtual Academy Franchise (GreatSchools Rating 7/10).
According to the records, the last property tax for 2023 is $2,031 (source: MLS/based on county public records data).
The last sale was on October 10, 2016 for $45,000 (source: MLS/tax record).
The property at 401 W Wright St has 1 bedroom and 1 bathroom.
The property 401 W Wright St is 640 SqFt (source: MLS/tax record).
The year of construction for 401 W Wright St is 1972.
This home is located at 401 W Wright St in Pensacola, FL and zip code 32502 in the Saint John Coalition neighborhood. This 640 square foot home was built in 1972. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since April 22, 2025 and is currently priced at $286,500.
Pensacola, FL housing market in June 2025 saw over 64 listings sold above listed price, more than 104 sold at listed price and over 220 sold below. The number of homes for sale in Pensacola, FL increased by 5.2% between May and June 2025. Listings spent 67 days on the market in June 2025, and had a median list price of $279,670 during the same period.