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118 E Wright St, Pensacola, FL, 32501

$989,900

Home List Price

$10,000*

Closing Credit

2 Bedrooms
2 Full Baths
1,508 SqFt
$656/SqFt
House

Location

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118 E Wright St, Pensacola$989,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingOn Street
Year Built1890
HeatingWall/Window Unit(s)
CoolingWall/Window Unit(s), Ceiling Fan(s)
FireplaceElectric, Master Bedroom
MLS #655293
Lot Size0.02 Acres
StatusActive

About 118 E Wright St

Are you ready to own a piece of Pensacola history? Take a look at this breathtaking two story commercial building located in the heart of Downtown, just one block from Palafox St. Thought to have been built in 1940, it has been discovered that the building was actually constructed in 1890, making it the oldest remaining building on the block. Not just here-say, the owners were able to locate the original abstract of title, handwritten on parchment paper, which includes over 100 documents relating to the construction and sale of the property. Also found were: old photographs of the building, blueprints, and dozens of newspaper articles and ads documenting the buildings long and rich history as a saloon, grocery store, boarding house, pharmacy, jewelry shop, diner, and much more. Did we mention it is historically registered? The property is currently being utilized as a two unit AirBNB. However, being zoned Downtown Retail Commercial (C-2A), the possibilities for the use of the building are endless. Make it a business, single family home, or keep it multi-family. Inside, the building features fully exposed brick walls throughout. Unit A, located on the ground floor, offers a wide open space with 14 foot ceilings. Stunning kitchen with reverse osmosis water system and featuring a more than 100 year old butcher block counter, which was removed from a butchers shop and imported from Belgium. Bathroom features a remarkable copper clawfoot tub, and massive walk-in closet. Unit B, located upstairs, showcases original and beautifully distressed 1890’s hardwood floors. These floors can be seen in some of the old photos. Custom shutters on the windows, electronic blinds, and new kitchen. In the bathroom you will find an original advertisement billboard, which was uncovered behind old panel walls and found partially intact. Owners restored the missing portion of the advertisement. Walk-in shower, closet space, and washer/dryer hookup.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1890
  • Stories: 2
  • Living Area: 1,508 SqFt

Listing Office:

  • Office Name: Palm Island Realty Group, LLC
  • Office Phone: (850) 807-4122
  • Listing Agent: Jennifer Amberg

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave, Refrigerator
  • Flooring Type: Hardwood, Other, Tile
  • Interior: Storage, Bookcases, Cathedral Ceiling(s), Ceiling Fan(s), Crown Molding, High Ceilings, High Speed Internet, Recessed Lighting, Walk-In Closet(s)
  • Fireplace: Electric, Master Bedroom

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot: Historic
  • Lot Size: 0.02 Acres

Utilities

Utilities Information:

  • Heating: Wall/Window Unit(s)
  • Cooling: Wall/Window Unit(s), Ceiling Fan(s)

Other

Directions Information:

  • Directions: From Palafox, two blocks East on Wright St. on the north side of the road, by the corner of Wright St and Tarragona.

Price Information

Listing Price Info

Price Summary:

  • List Price: $989,900
  • Price Per SqFt: $656/SqFt

Tax Information:

  • Annual Amount: $3,181
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Pensacola, FL.

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Pensacola, FL

City

Med. Sold Price

$286.5K

Med. Price/SqFt

$177

Avg. Days On Market

62

# of Sold Homes

314

118 E Wright St vs Pensacola

1 DAY ON ROCKET

-61 Days

$989,900

+$703.3K More

$656/SqFt

+$478 More

KEY TAKEAWAY

This property is $703.3K more than the Median Sold Price and $478/SqFt more than other homes in Pensacola, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Pensacola MLS
  • MLS Number: #655293

Listing Office:

  • Office Name: Palm Island Realty Group, LLC
  • Office Phone: (850) 807-4122
  • Listing Agent: Jennifer Amberg

Copyright © 2024 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: 11/18/2024, 8:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 20, 2016Home Sold
$223,500
Oct 24, 2014Home Sold
$250,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,181$205,213
2019$4,171$200,600
2018$1,406$211,634

History based on county public records data.

Payment Calculator

$5,008

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,034

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-769697
7
/10

  • N. B. Cook Elementary School

  • 1310 N 12th Ave

  • 1.07 miles

  • Public Magnet Grades PK-5

school-card-donut-769698
1
/10

  • Global Learning Academy

  • 100 N P St

  • 1.74 miles

  • Public District Grades PK-5

school-card-donut-769699
8
/10

  • Suter Elementary School

  • 501 Pickens Ave

  • 1.99 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $26,017. Most Pensacola, FL residents have annual incomes less than $35k. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 118 E Wright St

What is the listing price of this property?

The listing price of 118 E Wright St property is $989,900.

What type of property is this?

The property 118 E Wright St is a house located in Pensacola, Florida, 32501.

Is this property for sale now?

Active Listing: 118 E Wright St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,181 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 20, 2016 for $223,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 118 E Wright St has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 118 E Wright St is 1,508 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 118 E Wright St is 1890.

Rocket Homes›Florida›Escambia County›Pensacola›32501›118 E Wright St

This home is located at 118 E Wright St in Pensacola, FL and zip code 32501 in the Downtown Pensacola neighborhood. This 1,508 square foot home, which was built in 1890, sits on a 0.02 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 16, 2024 and is currently priced at $989,900.

In October 2024 more than 36 listings in Pensacola, FL were sold above the asking price. During the same period more than 85 listings were sold at asking price, while more than 163 were sold below. In October 2024 in Pensacola, FL there were 4.3% more homes for sale than in September 2024. While the average time on the market in October 2024 was 62 days, the median list price was $286,592.

From Rocket Homes Real Estate and based on county public records data.

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