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Multi-generational coastal retreat located within 5 minutes of a boat launch and public beach access! This versatile property was previously a highly successful short-term rental generating over $30,000 annually for the prior owner. The current owner has chosen to use the property as a full-time residence, so it is not currently operating as a vacation rental, offering excellent future income potential for the next owner. The main home features 3 bedrooms and 2 bathrooms, a spacious kitchen, and a large living area perfect for entertaining family and guests. An attached 1-bedroom, 1-bath apartment includes a full kitchen and separate living room, creating the ideal setup for multi-generational living, extended family, guests, or additional rental income opportunities. Both living spaces share access to a large backyard designed for enjoying the coastal lifestyle. The property also includes a carport with storage room, two large sheds, a covered pet kennel, covered lawn equipment storage area, and a covered awning perfect for outdoor grilling and dining. Enjoy the flexibility of using the property as one large home or separating the units with the already-installed interior lockout doors. Situated on three city lots, this well-maintained property features numerous recent upgrades, including a new HVAC system, Generac whole-home generator with a transferable 10-year warranty, EMP shield, and new tankless water heater. The carport and she shed have been wired with electricity, and additional improvements include hurricane shutters, storm doors, new tie-downs, and a newly installed fence for added peace of mind. Seller also has a survey, 4-Point Inspection, and Wind Mitigation Report available. This is a must-see property offering flexibility, proven income potential, extensive upgrades, and unbeatable coastal convenience.
Property Type(s):
Single Family
| Last Updated | 8/17/2026 | Tract | No Named Subdivision |
|---|---|---|---|
| Year Built | 1971 | Community | Carrabelle |
| County | Franklin |
Price History
| Prior to May 13, '26 | $475,000 |
|---|---|
| May 13, '26 - May 20, '26 | $469,900 |
| May 20, '26 - Jun 23, '26 | $459,900 |
| Jun 23, '26 - Aug 17, '26 | $445,000 |
| Aug 17, '26 - Today | $434,900 |
Additional Details
| AIR | Ceiling Fan(s), Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Refrigerator |
| AREA | Carrabelle |
| CONSTRUCTION | Vinyl Siding |
| FIREPLACE | Yes |
| HEAT | Central, Electric |
| INTERIOR | Bookcases, Pantry, Recessed Lighting, Storage, Walk-In Closet(s) |
| LOT | 0.38 acre(s) |
| LOT DESCRIPTION | Corner Lot, Landscaped |
| LOT DIMENSIONS | 97.5X167.69 |
| PARKING | Carport, Driveway |
| SEWER | Public Sewer |
| STYLE | Craftsman, Custom |
| SUBDIVISION | No Named Subdivision |
| UTILITIES | Cable Available, Propane, Sewer Connected, Electricity Connected, Water Connected |
| WATER | Public |
| ZONING | City,Residential Single Family |
Location
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Listed with Anchor Realty Florida
Listings are provided by the Forgotten Coast REALTOR Association. This information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the Forgotten Coast REALTOR Association.
Copyright 2026 Forgotten Coast REALTOR Association.
This IDX solution is (c) Diverse Solutions 2026.
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