401 W Wright St
Pensacola, FL 32501
- 1 bed
- 1 bath
- 640 sqft
- $389 per sqft
- 1972 build
- – on site
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. A private, fenced backyard with outdoor seating and laid-back, beachy vibes. Off-street parking for two cars adds convenience in this walkable downtown location. 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 6.75% 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.
Last checked:
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Last updated Apr 22, 2025
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MLS# 662977 —
The Building
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Year Built:1972
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New Construction:false
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Construction Materials:Frame
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Architectural Style:Cottage
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Levels:One
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Stories:1
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Roof:Shingle
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Foundation Details:Slab
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Window Features:Double Pane Windows
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Building Area Total:640
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Building Area Units:Square Feet
Interior
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Kitchen Level:First
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Kitchen Features:Updated
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Dining Room Level:First
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Dining Room Features:Living/Dining Combo
Room Dimensions
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Living Area Units:Square Feet
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Living Area:640
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Kitchen Area:60
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Kitchen Length:10
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Kitchen Width:6
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Dining Room Area:384
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Dining Room Length:32
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Dining Room Width:12
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Bathroom Area:60
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Bathroom Length:10
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Bathroom Width:6
Location
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Directions:From Garden St turn north on N Reus St. Property is on the left corner of N Reus and W Wright St.
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Latitude:30.41555
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Longitude:-87.221569
The Property
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Parcel Number:000S009010190003
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Property Type:Residential
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Property Subtype:Single Family Residence
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Property Condition:Resale
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Lot Features:Corner Lot
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Lot Size Units:Acres
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Zoning Description:City
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Horse:false
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Fencing:Back Yard
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Road Responsibility:Public Maintained Road
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Property Attached:false
Listing Agent
- Contact info:
- Agent phone:
- (251) 504-6642
- Office phone:
- (251) 504-6642
Taxes
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Tax Legal Description:LTS 19 20 BEL MO BLK 3 BELMONT TRACT OR 7603 P 1367 CA 95
Beds
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Bedrooms Total:1
Baths
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Total Baths:1
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Total Baths:1
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Full Baths:1
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Bathroom Features:Updated
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Bathroom Level:First
Heating & Cooling
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Heating:Natural Gas
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Heating:true
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Cooling:Central Air
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Cooling:true
Utilities
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Electric:Circuit Breakers
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Electric Water Heater
Schools
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Elementary School:Global Learning Academy
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Middle Or Junior School:WORKMAN
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High School:Pensacola
The Community
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Subdivision Name:Belmont Tract
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Pool Features:None
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Association:false
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Association Fee Includes:None
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Association Fee Frequency:Annually
Parking
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Garage:false
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Carport:false
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Parking Features:2 Space/Unit
Monthly cost estimate

Asking price
$249,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,333
|
Taxes | N/A |
Insurance | $68 |
Utilities | $132 See report |
Total | $1,533/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
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4/22/25
Apr 22, 2025
|
Listed / Active | PAR | $249,000 |