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$355,000
3 Beds 2 Baths 327902 MLS
Enjoy coastal living in this beautifully updated 3BR/2BA townhome located in The Sands of Carrabelle, one of the area's most desirable communities where charm meets convenience. Step inside to find high ceilings, a spacious kitchen with breakfast bar, brand-new appliances, and fresh interior paint throughout including ceilings, walls, and trim. The kitchen has been enhanced with a new tiled backsplash and updated faucet, while new plantation shutters and new carpet in all bedrooms add a clean, polished feel. The primary suite features a large walk-in closet and a fully renovated ensuite bath with tiled shower, glass door, quartz vanity, updated fixtures, and new lavatories. The hall bath has also been beautifully updated with a tiled shower, glass door, Delta fixtures, and TOTO commode. Outdoor living is a highlight with two private balconies rebuilt with Trex decking, along with aluminum railing on the rear deck. The enclosed outdoor elevator adds convenience, and rear patio pavers create an inviting outdoor space. The lower level includes covered parking for vehicles and your boat, a spacious storage room with new freezer, and a screened-in area perfect for enjoying mornings and afternoons. New LED lighting has been added under the carport and screened porch for added functionality. Additional recent upgrades include a new heat pump and air handler, smart thermostat, internet-enabled door locks, SimpliSafe alarm system, and upgraded stove, microwave/exhaust fan, and refrigerator. The community pool and cabana are just steps away, and the property is located minutes from the Gulf, marinas, and world-class fishing. Whether you're looking for a full-time residence, vacation getaway, or investment opportunity, this move-in ready townhome offers it all. Schedule your private showing today.

512c Ne Ave A, Carrabelle

$434,000
4 Beds 3 Baths 327888 MLS
THIS HOME COMES WITH A REDUCED RATE as low as 6.250% (APR 6.908%) as of 9/14/2026 through List & Lock. This is a seller paid rate-buydown that reduces the buyer's interest rate and monthly payment. Terms apply, see disclosures for more information. 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.

212 Nw Ave C, Carrabelle

$335,000
3 Beds 2 Baths 327759 MLS
Affordable coastal living in this pre-construction home located across from a freshwater lake and just minutes from coastal access. Boating opportunities in Carrabelle and the marina are less than two miles away, and the beautiful beaches of St. George Island and the State Park are just a short drive away. This thoughtfully designed new construction home will feature luxury vinyl plank flooring, granite countertops, stainless steel appliances, and trey ceilings. Large windows provide abundant natural light and inviting views. Both bathrooms are planned with tiled showers and granite countertops, creating a clean and modern coastal feel. Located in a quaint gated community, residents enjoy amenities including a community pool and gated entry for added privacy. This location allows you to enjoy boating, fishing, beaches, and all the natural beauty the Forgotten Coast has to offer. As a pre-construction opportunity, buyers may have the ability to select certain finishes and color options, allowing you to personalize aspects of the home. Please note: Photos do not include the detached garage that will be added to this build. Photos are from previously completed homes of the same or similar floor plan and may include upgrades, finishes, or selections not included in this listing. Final colors, finishes, and certain trim selections may vary. Other homes and floor plans are available. For additional information regarding features, selections, and construction details, please contact the listing agent.

153 Lake Mckissack Ln, Carrabelle

$829,000
325048 MLS Cole's Lodge BLDG.
Cole's Lodge presents a rare opportunity to acquire a proven, income-producing coastal lodging business in the heart of Carrabelle. This turnkey operation includes all FF&E, the established business entity, website, branding, and goodwill, offering a seamless transition for an investor or owner-operator seeking immediate cash flow in a supply-constrained market. The property features eight units—seven 1BR/1BA suites and one 2BR/1BA unit (one unit will need interior construction completed), along with two additional RV sites (one 30-amp and one 50-amp), each with water and sewer connections. The RV sites are currently not included in the financial projections, offering meaningful upside for a buyer looking to expand revenue streams with minimal additional investment. Cole's Lodge has been thoughtfully updated and is positioned to capture the steady demand generated by anglers, eco-tourists, contractors, and Forgotten Coast travelers seeking clean, convenient accommodations. Its location on Highway 98 offers excellent visibility and easy access to downtown Carrabelle, the public boat ramp, marinas, and the beaches of St. George Island. Based on conservative occupancy assumptions and an occupancy rate of 47% (AirDNA reports the Carrabelle submarket averages 49%), the projected Year-1 rental income is approximately $131,955, with an estimated Net Operating Income of $88,718. These figures are projections only and are available upon request. These projections do not include income from the two RV sites, which represent additional revenue potential for the next owner. Whether you're expanding a hospitality portfolio or stepping into your first owner-operator venture, Cole's Lodge delivers a compelling blend of stability, scalability, and coastal charm. Opportunities like this—an established business with strong branding, multiple income channels, and room to grow—rarely come to market along the Forgotten Coast.

1001 Hwy 98 E, Carrabelle

$44,900
324917 MLS
Presenting TWO contiguous lots (Lots 148 &150) nestled within St James Bay Golf Community. Double lots are among the most sought-after homesite in St. James Bay. Since 2003, this resort has been a destination for golfers, pickleball players, nature enthusiasts, fishermen and leisure seekers. Golf enthusiasts delight in the area's only Designated Audubon Signature Sanctuary Course. Designed by Robert Walker, this 18-hole championship golf course features meticulously manicured fairways, challenging bunkers, and smooth, undulating greens. St. James Bay also offers 8 brand new, state-of-the-art pickleball courts where you can enjoy friendly matches or competitive tournament play. Beyond golf and pickleball, the resort features a gulf-front park with day-dock, boat storage, meeting spaces, and two community pools. St. James Bay is surrounded by the 212,000-acre Tate's Hell State Forest where lush nature trails wind through pristine pine forests. Sightings of native birds, deer, bears, alligators, and even the elusive Florida panther are commonplace. After a day on the Gulf, the greens or the courts, unwind at the on-site Crooked River Grill with a cocktail and a meal. Just a few miles west is the charming coastal town of Carrabelle, known as the “Gateway to the Forgotten Coast.” You're just a short drive away from Carrabelle Beach, with its sugar-white sand and unspoiled waters teeming with inshore fish species. Just 40 minutes west, St. George Island awaits. This 22-mile-long barrier island, accessible by bridge, offers pristine beaches, charming shops, and a laid-back vibe. St. George Island beaches were ranked the #1 beach in America in 2023 by “Dr. Beach.” Don't miss out on this incredible opportunity! One day soon, people will ask “You only paid how much for a lot in St. James Bay with its generous amenities, close proximity to the Gulf of Mexico, and world-renowned beaches?” This may be the last great coastal bargain in Florida!

148-150 White Pelican Way, Carrabelle

$69,900
324778 MLS
Presenting TWO contiguous lots (Lots 165 & 167) in an X Flood Zone nestled within St James Bay Golf Community. These double lots are among the most sought-after parcels in the neighborhood. Since 2003, this resort has been a destination for golfers, pickleball players, nature enthusiasts, fishermen and leisure seekers. Golf enthusiasts delight in the area's only Designated Audubon Signature Sanctuary Course. Designed by Robert Walker, this 18-hole championship golf course features meticulously manicured fairways, challenging bunkers, and smooth, undulating greens. St. James Bay also offers 8 brand new, state-of-the-art pickleball courts where you can enjoy friendly matches or competitive tournament play. Beyond golf and pickleball, the resort features a gulf-front park with day-dock, boat storage, meeting spaces, and two community pools. St. James Bay is surrounded by the 212,000-acre Tate's Hell State Forest where lush nature trails wind through pristine pine forests. Sightings of native birds, deer, bears, alligators, and even the elusive Florida panther are commonplace. After a day on the Gulf, the greens or the courts, unwind at the on-site Crooked River Grill with a cocktail and a meal. Just a few miles west is the charming coastal town of Carrabelle, known as the “Gateway to the Forgotten Coast.” You're just a short drive away from Carrabelle Beach, with its sugar-white sand and unspoiled waters teeming with inshore fish species. Just 40 minutes west, St. George Island awaits. This 22-mile-long barrier island, accessible by bridge, offers pristine beaches, charming shops, and a laid-back vibe. St. George Island beaches were ranked the #1 beach in America in 2023 by “Dr. Beach.” Don't miss out on this incredible opportunity! One day soon, people will ask “You only paid how much for a lot in St. James Bay with its generous amenities, close proximity to the Gulf of Mexico, and world-renowned beaches?” This may be the last great coastal bargain in Florida

165-167 White Pelican Ct, Carrabelle

$69,900
324775 MLS
Presenting TWO contiguous lots (Lots 130 & 134) nestled within St James Bay Golf Community. Since 2003, this resort has been a destination for golfers, pickleball players, nature enthusiasts, fishermen and leisure seekers. Golf enthusiasts delight in the area's only Designated Audubon Signature Sanctuary Course. Designed by Robert Walker, this 18-hole championship golf course features meticulously manicured fairways, challenging bunkers, and smooth, undulating greens. St. James Bay also offers 8 brand new, state-of-the-art pickleball courts where you can enjoy friendly matches or competitive tournament play. Beyond golf and pickleball, the resort features a gulf-front park with day-dock, boat storage, meeting spaces, and two community pools. St. James Bay is surrounded by the 212,000-acre Tate's Hell State Forest where lush nature trails wind through pristine pine forests. Sightings of native birds, deer, bears, alligators, and even the elusive Florida panther are commonplace. After a day on the Gulf, the greens or the courts, unwind at the on-site Crooked River Grill with a cocktail and a meal. Just a few miles west is the charming coastal town of Carrabelle, known as the “Gateway to the Forgotten Coast.” You're just a short drive away from Carrabelle Beach, with its sugar-white sand and unspoiled waters teeming with inshore fish species. Just 40 minutes west, St. George Island awaits. This 22-mile-long barrier island, accessible by bridge, offers pristine beaches, charming shops, and a laid-back vibe. St. George Island beaches were ranked the #1 beach in America in 2023 by “Dr. Beach.” Don't miss out on this incredible opportunity! One day soon, people will ask “You only paid how much for a lot in St. James Bay with its generous amenities, close proximity to the Gulf of Mexico, and world-renowned beaches?” This may be the last great coastal bargain in Florida!

130, 134 White Pelican Way, Carrabelle

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