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For sale by owner
  • $675,000

    1002 Gulf Ave, Carrabelle, FL 32322

    5beds
    3,402sqft
    : 
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    SingleFamily
    Built in 1974
    -- sqft lot
    $-- Zestimate®
    $198/sqft
    $-- HOA

    What's special

    New hurricane-impact windows
    LUXURY GULF-FRONT RETREAT | INVESTMENT OPPORTUNITY 1002 Gulf Ave, Carrabelle, FL 32322 Where Coastal Luxury Meets Investment Potential Welcome to your dream Gulf-front escape—a rare opportunity to own a fully remodeled, high-end coastal home with breathtaking, unobstructed views of Dog Island and direct access to the pristine waters of Florida’s Forgotten Coast. This stunning 5-bedroom, 2-bathroom two-story residence blends timeless craftsmanship (brick, cypress, and geo stone) with modern luxury upgrades, creating the perfect balance of elegance, durability, and comfort. Property Highlights    •  Direct Gulf/Sound Frontage with panoramic water views    •   5 Spacious Bedrooms | 2 Bathrooms    •  2- Car Garage + New Concrete Driveway    •   Professionally Maintained Yard with Full Sprinkler System    •  Optional Additional Gulf-Front & Adjacent Lots Available Fully Remodeled with Premium Upgrades    •   New 26-Gauge Standing Seam Metal Roof    •   New Hurricane-Impact Windows    •   New Luxury Exotic Hardwood Floors throughout    •   New Concrete Tile Flooring (Kitchen & Master Bath)    •   New Custom Cabinetry + Granite Countertops (Kitchen & Baths)    •   New Frigidaire & Whirlpool Stainless Steel Appliances    •   New 60-Gallon Water Heater    •   Updated Lighting & Ceiling Fans Throughout City water and sewer Designed for Coastal Living Enjoy the outdoors from your expansive screened-in front porch stretching the entire length of the home—perfect for dining, relaxing, and soaking in the peaceful sounds of the nearby creek and Gulf breeze. The downstairs master suite offers a private retreat with stunning water views, featuring a spa-inspired custom tile walk-in shower with built-in seating. Investment & Income Potential    •  Ideal for Airbnb / Short-Term Rental    •  High-demand Gulf Coast destination    •  Estimated rental income: $85K–$140K+ annually Investor opportunity: Purchase the home alone or maximize value with additional lots, including Gulf-front parcels with water access. About Carrabelle – Florida’s Hidden Gem Nestled along the Gulf in Franklin County, Carrabelle offers a rare blend of Old Florida charm and natural beauty:    •  World-class fishing & boating    •   Uncrowded, pristine beaches (Carrabelle Beach, Dog Island)    •   Laid-back coastal lifestyle ???? from crowds    •  Access to Tate’s Hell State Forest for outdoor adventure    •  Local landmarks like Crooked River Lighthouse Plus, you’re just a short drive to:    •  St. George Island – renowned for white-sand beaches    •  St. James Bay Golf Club – championship golf & amenities A Rare Opportunity Whether you’re seeking a luxury coastal residence, a high-performing vacation rental, or a multi-lot investment opportunity, this property delivers unmatched value on the Gulf. Contact me for additional details, or to schedule a private showing. Ask about bundle pricing options for home + additional lots
    What the owner loves about this home
    Serene relaxed coastal living with direct access to the pristine waters of Florida’s Forgotten Coast. —The screened in porch is perfect for dining, relaxing, and soaking in the peaceful sounds of the nearby creek and Gulf breeze. The home is ground level ! World-class fishing & boating. Laid-back coastal lifestyle in a charming coastal town.
    97 days
    |
    1,228
    |
    91
    |
    Listed by:

    Property Owner (205) 586-2295

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Forced air, Electric
      Cooling
      • Central
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Range / Oven, Refrigerator, Washer
      Features
      • Flooring: Tile, Hardwood
      • Basement: None
      • Has fireplace: Yes
      Interior area
      • Total interior livable area: 3,402 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Garage - Attached
      Features
      • Exterior features: Stone, Wood, Brick
      • Has view: Yes
      • View description: Water
      • Has water view: Yes
      • Water view: Water

      Construction

      Type & style
      • Home type: SingleFamily
      Materials
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 1974

      Community & HOA

      Location
      • Region: Carrabelle

      Financial & listing details

      • Price per square foot: $198/sqft
      • Date on market: 4/8/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $3,513/mo

        Price history

        DateEventPrice
        4/8/2026Listed for sale$675,000-28.9%$198/sqft
        Source: Owner Report a problem
        3/21/2026Listing removed$950,000$279/sqft
        Source: Forgotten Coast Realtor Association #324494 Report a problem
        11/7/2025Listed for sale$950,000$279/sqft
        Source: Forgotten Coast Realtor Association #324494 Report a problem
        11/6/2025Listing removed--
        Source: Owner Report a problem
        9/22/2025Price change$950,000-2.6%$279/sqft
        Source: Owner Report a problem
        9/2/2025Price change$975,000-0.5%$287/sqft
        Source: Owner Report a problem
        8/3/2025Price change$980,000-1%$288/sqft
        Source: Owner Report a problem
        1/21/2025Price change$990,000-0.5%$291/sqft
        Source: Owner Report a problem
        12/2/2024Price change$995,000-17.1%$292/sqft
        Source: Owner Report a problem
        11/27/2024Listed for sale$1,200,000$353/sqft
        Source: Owner Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 32322

        Getting around

        17 / 100
        Car-Dependent
        30 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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