401 W Wright St, Pensacola, FL 32501
Local realty services provided by:Better Homes and Gardens Real Estate Emerald Coast
401 W Wright St,Pensacola, FL 32501
$281,500
- 1 Beds
- 1 Baths
- 640 sq. ft.
- Single family
- Active
Listed by:caroline jordan
Office:link realty gulf coast llc.
MLS#:662977
Source:FL_PMLS
Price summary
- Price:$281,500
- Price per sq. ft.:$439.84
About this home
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.
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Home facts
- Year built:1972
- Listing ID #:662977
- Added:156 day(s) ago
- Updated:September 13, 2025 at 12:42 AM
Rooms and interior
- Bedrooms:1
- Total bathrooms:1
- Full bathrooms:1
- Living area:640 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Natural Gas
Structure and exterior
- Roof:Shingle
- Year built:1972
- Building area:640 sq. ft.
Schools
- High school:Pensacola
- Middle school:WORKMAN
- Elementary school:Global Learning Academy
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$281,500
- Price per sq. ft.:$439.84
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