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
For sale by owner
$675,000
1002 Gulf Ave, Carrabelle, FL 32322
5beds
3,402sqft
SingleFamily
Built in 1974
-- sqft lot
$-- Zestimate®
$198/sqft
$-- HOA
What's special
New hurricane-impact windows
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.
- 142 days
- 817
- 66
Listed by:
Property Owner (205) 586-2295
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
$3,758/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/8/2026 | Listed for sale | $675,000-28.9%$198/sqft |
Source: Owner Report a problem | ||
| 3/21/2026 | Listing removed | $950,000$279/sqft |
Source: | ||
| 11/7/2025 | Listed for sale | $950,000$279/sqft |
Source: | ||
| 11/6/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 9/22/2025 | Price change | $950,000-2.6%$279/sqft |
Source: Owner Report a problem | ||
| 9/2/2025 | Price change | $975,000-0.5%$287/sqft |
Source: Owner Report a problem | ||
| 8/3/2025 | Price change | $980,000-1%$288/sqft |
Source: Owner Report a problem | ||
| 1/21/2025 | Price change | $990,000-0.5%$291/sqft |
Source: Owner Report a problem | ||
| 12/2/2024 | Price change | $995,000-17.1%$292/sqft |
Source: Owner Report a problem | ||
| 11/27/2024 | Listed for sale | $1,200,000$353/sqft |
Source: Owner Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment




