Homes for sale - 401 W Wright St, Pensacola, FL 32501

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Alysa Algiere

alabamafloridahomes@gmail.com +1(850) 324-4130

Listed by Caroline Jordan • Link Realty Gulf Coast LLC

$ 286,500

Est. payment | -/mo

1 Bed

1 Bath

640 SqFt

Save

$ 286,500

Est. payment | -/mo

Save

1 Bed

1 Bath

640 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 640 sqft

Price per Sqft $447

Subdivision Belmont Tract

MLS Listing ID 662977

Style Cottage

Bedrooms 1

Full Baths 1

HOA Y/N No

Year Built 1972

Property Sub-Type Single Family Residence

Source Pensacola MLS

Property 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.

Location

State FL

County Escambia - Fl

Zoning City

Rooms

Dining Room Living/Dining Combo

Kitchen Updated

Interior

Heating Natural Gas

Cooling Central Air

Appliance Electric Water Heater

Exterior

Parking Features 2 Space/Unit

Fence Back Yard, Chain Link

Pool None

View Y/N No

Roof Type Shingle

Garage No

Building

Lot Description Corner Lot

Faces From Garden St turn north on N Reus St. Property is on the left corner of N Reus and W Wright St.

Story 1

Water Public

Structure Type Frame

New Construction No

Others

HOA Fee Include None

Tax ID 000S009010190003

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+1(850) 324-4130

alabamafloridahomes@gmail.com

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