Backup offers
#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
Home typeSingle Family Residence
HeatingNatural Gas
StatusActive
CoolingCentral Air
Size640 sqft
Year built1972
Parking2 Space/Unit
MLS #662977
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
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: 7/31/2025, 8:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
54%
<35k
29%
35k-100k
11%
100k-200k
6%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
67%
Single, No Kids
11%
Single, with Kids
17%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
9%
<11 yrs old
5%
12-17 yrs old
21%
18-34 yrs old
45%
35-64 yrs old
20%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Figure Skating
NHRA Drag Racing
Where do the neighbors shop?
Family Dollar
Chico's
Big Lots
Where do the neighbors go to eat?
White Castle
Bob Evans
Golden Corral
What do the neighbors drive?
Chevrolet
Oldsmobile
Kia
What do the neighbors listen to?
Rock
News
Adult Standards
All data provided by Home Junction and Claritas
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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.
While more than 64 listings in Pensacola, FL in June 2025 were sold above asking price, there were more than 104 listings sold at asking price, and more than 220 were sold below. The inventory of homes for sale in Pensacola, FL between May and June 2025 increased by 5.2%. While the average time on the market in June 2025 was 67 days, the median list price was $279,670.
From Rocket Homes Real Estate and based on county public records data.