St. George Island Homes under $500,000

St. George Island Homes under $500,000

Welcome to St. George Island, a hidden gem on Florida's Gulf Coast, where pristine beaches and a laid-back atmosphere create the perfect escape. Nestled in Franklin County, this idyllic barrier island is renowned for its stunning natural beauty, charming coastal cottages, and a sense of community that makes it feel like home.

St. George Island boasts miles of unspoiled sandy shores, ideal for sunbathing, fishing, and beachcombing. The island is a nature lover's paradise, with the nearby St. George Island State Park offering hiking trails, wildlife viewing, and opportunities for kayaking in the tranquil waters of Apalachicola Bay. This serene environment is perfect for families, retirees, and anyone looking to enjoy a slower pace of life.

For those considering making St. George Island their home, there are fantastic opportunities to find charming properties under $500,000. Whether you’re searching for a cozy beach cottage or a modern retreat with stunning views, the real estate market here offers a diverse range of options. Many homes feature open-concept layouts, spacious decks for entertaining, and easy access to the beach, allowing you to fully embrace the island lifestyle.

In addition to its natural beauty, St. George Island is conveniently located near the historic town of Apalachicola, known for its rich history, local seafood, and vibrant arts scene. With a welcoming community and a relaxed atmosphere, St. George Island is not just a place to live; it's a place to thrive. Come discover your dream home in this coastal paradise!

Newest St. George Island Homes under $500,000

1804 E Gulf Beach Dr Unit L-1, St. George Island
$425,000
1 Beds ⋅ 1 Baths ⋅ 329497 MLS
Completely renovated 1BR/1BA end unit in 300 Ocean Mile! This townhome is being sold turnkey and has been updated throughout, including a New Roof 2025, Upgraded Lime Plaster Floors, modern lighting, and a renovated kitchen with tile backsplash and a beautiful waterfall granite countertop on the breakfast bar. Being an end unit gives you a little more privacy and easy, convenient access to the community pool. Enjoy your morning coffee from the deck with views of the Gulf, or head to the beach just a few steps away. There is also a ground-level storage room with plenty of space for bikes, beach chairs, and all your beach gear. This unit has an established short-term rental income and is ready for the new owner to start enjoying right away. Whether you're looking for a beach getaway, an income-producing rental, or a little of both, this is a great opportunity in 300 Ocean Mile.

1804 E Gulf Beach Dr Unit L-1, St. George Island
633 E Gorrie Dr Unit 1, St. George Island
$449,000
3 Beds ⋅ 1 Baths ⋅ 329388 MLS
Here is your chance to own a piece of paradise just steps from the beach for under $450,000! This fully renovated 3-bedroom, 1-bathroom first-tier condo is located less than 100 feet from the beach and offers an incredible combination of location, upgrades, and value. The seller has already done the hard work, so you can simply enjoy the rewards. Recent improvements include LVP flooring, beautiful white pine ceilings, a recently painted interior, an updated tiled shower, a new roof installed in 2025, hurricane-impact windows and doors, and a new shared aerobic septic system. The $550 monthly HOA includes wind, fire, and flood insurance, helping make ownership simple and predictable. Whether you're looking for a beach getaway, vacation rental, or a combination of both, this property offers exceptional value this close to the Gulf. Don't miss your opportunity to own a renovated beach property less than 100 feet from the sand!

633 E Gorrie Dr Unit 1, St. George Island
316 W Pine Ave, St. George Island
$399,000
3 Beds ⋅ 3 Baths ⋅ 329202 MLS
RARE GROUND-LEVEL SGI FIXER-UPPER WITH SERIOUS POTENTIAL! Just two blocks from the heart of downtown St. George Island, this tucked-away island bungalow is the kind of opportunity that doesn't come around often. Walk, bike or golf cart to the beach, bay, restaurants, shops and all the fun of island life, then come home to your own private tropical oasis on a quiet road. This adorable fixer-upper is a blank slate just waiting for someone with vision. Think colorful coastal cottage, laid-back surf shack, charming vacation rental or your own little SGI escape. The unique loft adds instant character and possibility, while the lush yard gives the property that dreamy, hidden-away island feel you will love. There's even a side-yard shed for beach gear, bikes, fishing rods and all your island toys. The location is already here. The tropical setting is already here. The bungalow charm is already here. Now bring your ideas and turn this rare ground-level property into something unforgettable. Fix it. Flip it. Rent it. Love it. Opportunities this close to downtown, the bay & the beach are hard to find on St. George Island at this AFFORDABLE price!

316 W Pine Ave, St. George Island
1804 E Gulf Beach Dr Unit L-4, St. George Island
$394,900
1 Beds ⋅ 1 Baths ⋅ 328892 MLS
This unique and Beautiful BEACH VIEW Town home is Completely Remodeled and Renovated. Exterior: New ROOF 2025, Storage Units, railings, stairs, decking, balcony and some siding replaced. Stairs all re sealed in the front and back and all pilings have been resealed and are in good condition. Culligan water softener, TWO storage units and Pollywood furniture on the beach side deck. Interior: All new Porcelain tile throughout. New custom expanded stairway. All new kitchen cabinets, countertops, GE appliances, American Standard Cast Iron sink with separate Moen instant hot water water dispenser with water filter and new garbage disposal. Stunning bathroom featuring porcelain tile, ceiling and walls; New toilet; roll in shower and KOHLER FRENCH gold accessories/fixtures. The bedroom has a balcony, NEW full size GE washer and dryer and a coffee bar with a microwave. Fully furnished this town home is move in ready. Much of the art are creations by a local artist, Donna Frankland. All NEW windows and sliding door to the deck. The ONLY TOWN HOME in this Beach Community that has been FULLY CUSTOMIZED. Whether you are a discerning buyer looking for TOP QUALITY for yourself with no repairs needed or an investor wanting to offer renters this EXQUISITE vacation getaway with pools and the BEACH right out your door, this town home is what you want. Price Reduced!! BRING YOUR OFFERS! MUST SEE! https://youtu.be/ZfdUZzWS0bg

1804 E Gulf Beach Dr Unit L-4, St. George Island
1804 E Gulf Beach Dr Unit L-7, St. George Island
$399,000
1 Beds ⋅ 1 Baths ⋅ 328851 MLS ⋅ Ocean Mile L-7 BLDG.
Enjoy the best of island living in this beautifully maintained, fully furnished 1-bedroom, 1-bath townhome in the highly desirable Three Hundred Ocean Mile community on St. George Island. Perfectly situated poolside and just a short stroll from the sugar-white sand and Gulf waters, this turnkey property is ideal as a vacation getaway, full-time residence, or income-producing investment. Inside, you'll find cathedral ceilings, an open-concept floor plan, BRAND NEW hardwood flooring installed in March in the living room and bedroom, recessed lighting, a built-in bookcase, and a convenient breakfast bar. The spacious bedroom and beautifully updated bathroom featuring a tiled walk-in shower with glass doors create a relaxing coastal retreat. On the ground level, an oversized storage room offers exceptional functionality with a full-size washer and dryer, laundry sink, and plenty of space for bicycles, beach chairs, fishing gear, and all your island essentials. BRAND NEW HVAC has been installed. One of St. George Island's most sought-after rental communities, Three Hundred Ocean Mile offers private beach access, two community pools, picnic and grilling areas, beautifully landscaped grounds, and allows short-term rentals. HOA dues include cable, internet, sewer, trash, grounds maintenance, recreational facilities, and reserve funds. Seller has pre-paid the $228 per month HOA assessment fee through February 28, 2027! 2026 YTD rental income as of 07/08 is $30,063. Affordable opportunities to own on St. George Island are becoming increasingly rare. Don't miss your chance to own this low-maintenance, turnkey coastal escape!

1804 E Gulf Beach Dr Unit L-7, St. George Island
1048 W Bay Shore Dr, St. George Island
$499,000
3 Beds ⋅ 2 Baths ⋅ 328143 MLS ⋅ Island Retreat BLDG.
BEST VALUE OPPORTUNITY ON ST. GEORGE ISLAND! Positioned on a large corner lot just a short walk to both the Gulf beaches and the Bay, 1048 W Bayshore Drive offers an exceptional chance to secure a coastal home at an attractive price point in today's market. Designed for relaxed island living, this Florida-style retreat features expansive deck space for entertaining, enjoying coastal breezes, and embracing the laid-back SGI lifestyle. A screened porch extends the living area outdoors—perfect for dining, gathering, or unwinding after a day on the water. Inside, the home offers a bright and open living and dining area that flows into the kitchen, creating a comfortable and functional layout. Two spacious upstairs bedrooms are enhanced by skylights, bringing in natural light and an airy coastal feel. The lower level includes a private bedroom and half bath—ideal for guests, a flexible bonus space, or potential in-law suite setup—adding versatility for personal use or rental potential. Brand new HVAC has been installed, plus a golf cart included, making this a true turn-key island escape ready for immediate enjoyment or rental use. Additional highlights include an outdoor shower with hot and cold water, ample storage, and generous parking for boats, golf carts, and multiple vehicles. The large corner lot provides space, privacy, and future potential. Whether you're searching for a primary residence, second home, or investment property, this is a rare opportunity to own a well-located St. George Island home with strong upside and undeniable value.

1048 W Bay Shore Dr, St. George Island
1804 E Gulf Beach Dr Unit K11, St. George Island
$389,000
1 Beds ⋅ 1 Baths ⋅ 323940 MLS ⋅ Gulls Just Want To Have Fun BLDG.
PROVEN RENTAL INCOME + GULF VIEWS! This updated 1BR/1BA townhome in the desirable Three Hundred Ocean Mile community generated approximately $23,300 in rental income from January through August—averaging nearly $3,000 per month during that period! With room to sleep up to 4 guests, Gulf and pool views, and easy beach access, this turnkey property offers an attractive opportunity for investors or buyers looking for their own coastal retreat. Perfectly positioned just steps from the community pool and boardwalk beach access, the location offers the features vacationers are looking for on St. George Island. The private bedroom and sleeper sofa provide comfortable accommodations for up to four guests. Recent improvements make this property truly move-in and rental ready, including a new AC unit, quartz kitchen countertops, new lower cabinets, updated appliances, fresh interior paint, updated furnishings, and a beautifully remodeled bathroom. A new roof provides additional value and peace of mind. Additional features include covered parking, established rental history, and the flexibility to enjoy the property personally while taking advantage of its rental potential. Whether you're searching for an income-producing investment, personal beach getaway, or a combination of both, this updated townhome offers Gulf views, desirable amenities, proven rental performance, and easy access to the beautiful beaches of St. George Island.

1804 E Gulf Beach Dr Unit K11, St. George Island
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