401 W Wright St

Pensacola, FL 32501

  • 1 Bed(s)
  • 1 Bath(s)
  • 640 Sqft
$300,000

Description

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.

  • Property Type

    Residential

  • Subdivision

    Belmont Tract

  • County

    Escambia

  • Style

    Cottage

  • AD ID

    49457712

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Property Details

  • Bathroom Information
    • Total Baths: 1
    • Full Baths: 1
    Kitchen Information
    • Dining Room Dimensions: 32x12
    • Dining Room Remarks: Living/Dining Combo
    • Kitchen Dimensions: 10x6
    • Kitchen Room Remarks: Updated

    Interior Features

    • Roof: Shingle

    Roofing Information

    • Shingle

    Heating & Cooling

    • Heating: Natural Gas
    • Cooling: Central Air

  • Building Information

    • Year Built: 1972
    • Construction: Frame

    Pool Information

    • None

  • Lot Information

    • Lot Description: Corner Lot
    • Stories: 1

    Property Information

    • SQ ft (Living Area): 640
    • Subdivision: Belmont Tract

  • Listing Price Information

    • Original List Price: $249000

    Listing Information

    • Possession: Rental Agreement

  • Tax Information

    • Parcel Number: 000S009010190003

  • Parking Information

    • 2 Space/Unit

    Homeowners Association Information

    • Included Fees: None

  • School Information

    • Elementary School: Global Learning Academy
    • Junior High School: WORKMAN
    • Senior High School: Pensacola

    Location Information

    • Direction: 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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BuyOwner last updated this listing 04/25/2025 @ 21:25

  • MLS: 662977
  • LISTING PROVIDED COURTESY OF: Caroline Jordan, Link Realty Gulf Coast LLC
  • SOURCE: Pensacola MLS

is a Home, with 1 bedrooms which is for sale, it has 640 sqft, 640 sized lot, and 0 parking. are nearby neighborhoods.