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Rarely does a property like this come available. Situated on an oversized corner lot in the heart of downtown Carrabelle, this versatile property features two matching homes, each offering 720 square feet of heated and cooled living space and approximately 930 square feet under roof, including charming screened front porches. Both residences feature a functional open-concept layout with 2 bedrooms and 1 full bathroom, creating comfortable and efficient living spaces. Extensive updates have already been completed, including standing seam metal roofs, new flooring, fresh interior and exterior paint, and beautifully renovated bathrooms featuring tiled showers and glass shower doors. Currently operating as income-producing long-term rentals, these homes offer immediate cash flow for investors. The location also allows for short-term rentals, providing additional income potential and flexibility for future owners. Adding to the property's uniqueness, it is commercially zoned while having been utilized as residential housing for many years. This zoning creates a variety of possibilities for investors, entrepreneurs, or those seeking a live/work opportunity. Buyers should note that continued residential use will require approval from the City. Whether you're looking to expand your rental portfolio, explore short-term rental opportunities, or capitalize on the property's commercial zoning potential, this one-of-a-kind downtown Carrabelle property deserves a closer look. Showings by appointment only, do not disturb the tenants. Please give 24-48 hour showing request notification.
Property Type(s):
Single Family
| Last Updated | 6/22/2026 | Tract | Kellys Plat |
|---|---|---|---|
| Year Built | 1945 | Community | Carrabelle |
| County | Franklin |
Additional Details
| AIR | Ceiling Fan(s), Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Cooktop, Refrigerator |
| AREA | Carrabelle |
| CONSTRUCTION | Block |
| HEAT | Central, Electric |
| LOT | 5663 sq ft |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 50x113 |
| PARKING | Driveway |
| SEWER | Public Sewer |
| STYLE | Florida Cottage |
| SUBDIVISION | Kellys Plat |
| UTILITIES | Cable Available, Sewer Connected, Electricity Connected, Water Connected |
| WATER | Public |
| ZONING | City |
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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