Real Estate Investment Properties for Sale in Carrabelle, FL

Looking for investment property in Carrabelle, FL with high ROI ?

Explore a variety of short-term homes & houses in Carrabelle, FL. Invest wisely with VRBO & Carrabelle, FL Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Carrabelle, FL

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
304 Hwy 98 CARRABELLE, FL Seller Financing Available! Step into a piece of history with this beautifully remodeled 1...	3 beds \| 2 baths \| 1,552 sq.ft.	$399,900	Airbnb cash on cash: 0.04% Traditional cash on cash: 4.34% Airbnb Rental Income: $1202 Traditional Rental Income: $2426 Airbnb ROI: 0.04% Traditional ROI: 4.34%
811 Bruce Ave CARRABELLE, FL COASTAL LIVING WITH MINIMAL STRESS OR THREAT OF STORM DAMAGE! MOTIVATED TO SELL! ALL OFFER...	3 beds \| 2 baths \| 1,688 sq.ft.	$382,500	Airbnb cash on cash: 0.37% Traditional cash on cash: 3.92% Airbnb Rental Income: $1202 Traditional Rental Income: $2087 Airbnb ROI: 0.37% Traditional ROI: 3.92%
122 Bragdon St CARRABELLE, FL Perfect spot to have a get-away or retire here! Partially furnished 2-Bedroom, 1-Bathro...	2 beds \| 1 baths \| 1,096 sq.ft.	$265,000	Airbnb cash on cash: 1.41% Traditional cash on cash: 3.78% Airbnb Rental Income: $1326 Traditional Rental Income: $1509 Airbnb ROI: 1.41% Traditional ROI: 3.78%
401 St James Ave CARRABELLE, FL Park your boat in your own slip with a lift.! Two bedroom, 2 1/2 bath townhome on the Carr...	2 beds \| 3 baths \| 1,168 sq.ft.	$285,000	Airbnb cash on cash: 0.67% Traditional cash on cash: 5.92% Airbnb Rental Income: $1326 Traditional Rental Income: $2325 Airbnb ROI: 0.67% Traditional ROI: 5.92%
3186 Hwy 98 E CARRABELLE, FL Wake up to serene water views in this charming 1-bedroom, 1-bath bayfront condo. Located d...	1 beds \| 1 baths \| 1,080 sq.ft.	$275,000	Airbnb cash on cash: 0.13% Traditional cash on cash: 4.37% Airbnb Rental Income: $1350 Traditional Rental Income: $2035 Airbnb ROI: 0.13% Traditional ROI: 4.37%
801 SE F Avenue CARRABELLE, FL Please ask agent about new property lines. Stunning 180 degrees of the Gulf, Dog Island an...	4 beds \| 4 baths \| 2,668 sq.ft.	$549,000	Airbnb cash on cash: 8.53% Traditional cash on cash: 5.25% Airbnb Rental Income: $7167 Traditional Rental Income: $4104 Airbnb ROI: 8.53% Traditional ROI: 5.25%
357 Pirates Landing Dr CARRABELLE, FL Welcome to Pirates Landing, perfectly situated along the Carrabelle River and just steps f...	1 beds \| 2 baths \| 1,147 sq.ft.	$264,900	Airbnb cash on cash: -0.09% Traditional cash on cash: 3.82% Airbnb Rental Income: $1350 Traditional Rental Income: $1913 Airbnb ROI: -0.09% Traditional ROI: 3.82%
115 Timber Island Rd CARRABELLE, FL Riverfront Living at the Carrabelle Boat Club Welcome to your slice of coastal paradise! T...	3 beds \| 3 baths \| 1,656 sq.ft.	$480,000	Airbnb cash on cash: -0.18% Traditional cash on cash: 3.55% Airbnb Rental Income: $1202 Traditional Rental Income: $2490 Airbnb ROI: -0.18% Traditional ROI: 3.55%
903 NW Ave A CARRABELLE, FL This rare 3 bedroom condo in The Landings is a fisherman's retreat! Located at the Mooring...	3 beds \| 1 baths \| 1,020 sq.ft.	$259,900	Airbnb cash on cash: -1.1% Traditional cash on cash: 2.48% Airbnb Rental Income: $1202 Traditional Rental Income: $1690 Airbnb ROI: -1.1% Traditional ROI: 2.48%
15 White Way CARRABELLE, FL PRICE REDUCTION! Come experience rustic charm and modern conveniences in this custom river...	3 beds \| 3 baths \| 2,644 sq.ft.	$599,000	Airbnb cash on cash: -0.04% Traditional cash on cash: 4.1% Airbnb Rental Income: $1202 Traditional Rental Income: $3129 Airbnb ROI: -0.04% Traditional ROI: 4.1%
588 River Rd CARRABELLE, FL Seller says SELL! Call for your appointment today. This custom-built home offers a unique...	3 beds \| 4 baths \| 2,661 sq.ft.	$749,000	Airbnb cash on cash: -0.28% Traditional cash on cash: 3.5% Airbnb Rental Income: $1202 Traditional Rental Income: $3456 Airbnb ROI: -0.28% Traditional ROI: 3.5%
711 NW Ave C CARRABELLE, FL Charming little cottage close to the boat launch, beach and town shopping. Sits on 2 lots ...	2 beds \| 2 baths \| 2,029 sq.ft.	$275,000	Airbnb cash on cash: 1.87% Traditional cash on cash: 6.02% Airbnb Rental Income: $1326 Traditional Rental Income: $1992 Airbnb ROI: 1.87% Traditional ROI: 6.02%
715 Eagles Way CARRABELLE, FL Relax in these beautiful townhomes within the St. James Bay development and a perfect opti...	3 beds \| 2 baths \| 1,575 sq.ft.	$299,000	Airbnb cash on cash: -0.81% Traditional cash on cash: 5.09% Airbnb Rental Income: $1202 Traditional Rental Income: $2474 Airbnb ROI: -0.81% Traditional ROI: 5.09%
716 Eagles Way CARRABELLE, FL Relax in these beautiful townhomes within the St. James Bay development and a perfect opti...	2 beds \| 2 baths \| 1,575 sq.ft.	$299,000	Airbnb cash on cash: -0.44% Traditional cash on cash: 5.14% Airbnb Rental Income: $1326 Traditional Rental Income: $2488 Airbnb ROI: -0.44% Traditional ROI: 5.14%
714 Eagles Way CARRABELLE, FL Relax in these beautiful townhomes within the St. James Bay development and a perfect opti...	2 beds \| 2 baths \| 1,575 sq.ft.	$299,000	Airbnb cash on cash: -0.44% Traditional cash on cash: 5.14% Airbnb Rental Income: $1326 Traditional Rental Income: $2488 Airbnb ROI: -0.44% Traditional ROI: 5.14%
2120 Hwy 98 W CARRABELLE, FL Escape to Carrabelle Beach at this rare deep-water property, perfectly positioned between ...	3 beds \| 2 baths \| 1,520 sq.ft.	$699,900	Airbnb cash on cash: -0.21% Traditional cash on cash: 2.13% Airbnb Rental Income: $1202 Traditional Rental Income: $2337 Airbnb ROI: -0.21% Traditional ROI: 2.13%
601 SE 3rd St CARRABELLE, FL This Charming 1910 Home in Downtown Carrabelle needs some TLC. Located in an X Flood Zone...	2 beds \| 2 baths \| 2,030 sq.ft.	$379,000	Airbnb cash on cash: 0.43% Traditional cash on cash: 4.83% Airbnb Rental Income: $1326 Traditional Rental Income: $2479 Airbnb ROI: 0.43% Traditional ROI: 4.83%
107 Infield Dr CARRABELLE, FL This 3-bedroom, 2-bath coastal home is a gem, on over half an acre, right across from the ...	3 beds \| 2 baths \| 1,519 sq.ft.	$339,500	Airbnb cash on cash: 0.94% Traditional cash on cash: 4.64% Airbnb Rental Income: $1202 Traditional Rental Income: $1995 Airbnb ROI: 0.94% Traditional ROI: 4.64%
1666 Landing Street CARRABELLE, FL Beautiful new construction home located in Carrabelle Landings Subdivision. Home has 3 bed...	3 beds \| 2 baths \| 1,225 sq.ft.	$315,000	Airbnb cash on cash: 1.25% Traditional cash on cash: 4.99% Airbnb Rental Income: $1202 Traditional Rental Income: $1922 Airbnb ROI: 1.25% Traditional ROI: 4.99%
2183 Oak Street CARRABELLE, FL New price! Don't miss your chance to see this home in Lanark Beach and make your offer. En...	3 beds \| 2 baths \| 1,152 sq.ft.	$185,000	Airbnb cash on cash: 2.75% Traditional cash on cash: 7.34% Airbnb Rental Income: $1202 Traditional Rental Income: $1621 Airbnb ROI: 2.75% Traditional ROI: 7.34%
252 Ante Beppum Loop CARRABELLE, FL Coastal Retreat in Carraway Bay Plantation, Carrabelle, FL** Discover your new coastal hav...	3 beds \| 2 baths \| 1,159 sq.ft.	$287,500	Airbnb cash on cash: 0.67% Traditional cash on cash: 4.61% Airbnb Rental Income: $1202 Traditional Rental Income: $1880 Airbnb ROI: 0.67% Traditional ROI: 4.61%
703 SE 3rd St CARRABELLE, FL This beautifully remodeled 3BR/3BA condo is a hidden gem for boaters, anglers, and beach l...	3 beds \| 3 baths \| 1,472 sq.ft.	$259,000	Airbnb cash on cash: -0.67% Traditional cash on cash: 4.2% Airbnb Rental Income: $1202 Traditional Rental Income: $2003 Airbnb ROI: -0.67% Traditional ROI: 4.2%
111 California Street CARRABELLE, FL Can you imagine sitting on your rocking chair front porch, screened porch or nice open air...	2 beds \| 2 baths \| 1,056 sq.ft.	$291,000	Airbnb cash on cash: 1.4% Traditional cash on cash: 3.49% Airbnb Rental Income: $1326 Traditional Rental Income: $1488 Airbnb ROI: 1.4% Traditional ROI: 3.49%
2074 Hwy 98 W CARRABELLE, FL MUST SELL - Relocating!!!! BAY FRONT property - over 2 acres with a pond, DEEP WATER, doc...	4 beds \| 3 baths \| 4,720 sq.ft.	$860,000	Airbnb cash on cash: 5.01% Traditional cash on cash: 1.79% Airbnb Rental Income: $7167 Traditional Rental Income: $3201 Airbnb ROI: 5.01% Traditional ROI: 1.79%
1673 Landing Street CARRABELLE, FL Welcome to your dream retreat in the heart of Carrabelle, Florida! This charming three-bed...	3 beds \| 2 baths \| 1,261 sq.ft.	$340,000	Airbnb cash on cash: 1.11% Traditional cash on cash: 4.56% Airbnb Rental Income: $1202 Traditional Rental Income: $1915 Airbnb ROI: 1.11% Traditional ROI: 4.56%
107 Infield CARRABELLE, FL This 3-bedroom, 2-bath coastal home is a rare find, set on three lots totaling just over h...	3 beds \| 2 baths \| 1,519 sq.ft.	$339,500	Airbnb cash on cash: 0.94% Traditional cash on cash: 5.67% Airbnb Rental Income: $1202 Traditional Rental Income: $2324 Airbnb ROI: 0.94% Traditional ROI: 5.67%
513 Shelly's Loop Rd CARRABELLE, FL New Riverfront Contemporary home with dock and 12000 LB. boat lift. Located in the fishin...	3 beds \| 2 baths \| 1,885 sq.ft.	$675,000	Airbnb cash on cash: -0.74% Traditional cash on cash: 2.26% Airbnb Rental Income: $1202 Traditional Rental Income: $2700 Airbnb ROI: -0.74% Traditional ROI: 2.26%
2361 Hwy 98 E CARRABELLE, FL If you've been waiting for a home on the coast that feels like exhale, this one is worth s...	3 beds \| 3 baths \| 2,622 sq.ft.	$638,500	Airbnb cash on cash: 0.2% Traditional cash on cash: 3.77% Airbnb Rental Income: $1202 Traditional Rental Income: $2942 Airbnb ROI: 0.2% Traditional ROI: 3.77%
1810 Lighthouse Rd CARRABELLE, FL This 1.12 acre estate, is one block from Carrabelle Beach, and Apalachicola Bay that leads...	3 beds \| 2 baths \| 1,900 sq.ft.	$459,000	Airbnb cash on cash: 0.43% Traditional cash on cash: 4.13% Airbnb Rental Income: $1202 Traditional Rental Income: $2402 Airbnb ROI: 0.43% Traditional ROI: 4.13%
144 Anhinga Trail CARRABELLE, FL Breaking Ground in St James Bay! Estimated completion 9 months. Desirable X FLOOD ZONE! We...	3 beds \| 2 baths \| 1,516 sq.ft.	$379,500	Airbnb cash on cash: 0.88% Traditional cash on cash: 4.57% Airbnb Rental Income: $1202 Traditional Rental Income: $2127 Airbnb ROI: 0.88% Traditional ROI: 4.57%
167 Timber Island Road CARRABELLE, FL Holiday Flash Sale! Reduced $50,000 till January 1. A Rare Gem! Discover this stunning riv...	5 beds \| 3 baths \| 2,736 sq.ft.	$919,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.2% Airbnb Rental Income: $null Traditional Rental Income: $3452 Airbnb ROI: N/A Traditional ROI: 2.2%
1727 Landing St CARRABELLE, FL Check out this amazing deal on a 2019 build. This home features a nice front porch with TW...	3 beds \| 2 baths \| 1,140 sq.ft.	$279,000	Airbnb cash on cash: 1.24% Traditional cash on cash: 6.16% Airbnb Rental Income: $1202 Traditional Rental Income: $2107 Airbnb ROI: 1.24% Traditional ROI: 6.16%
902 NW AVE D CARRABELLE, FL Beautifully updated 2-story home in the charming fishing town of Carrabelle, surrounded by...	3 beds \| 2 baths \| 1,682 sq.ft.	$475,000	Airbnb cash on cash: 0.1% Traditional cash on cash: 4.95% Airbnb Rental Income: $1202 Traditional Rental Income: $2967 Airbnb ROI: 0.1% Traditional ROI: 4.95%
1678 Alligator Dr CARRABELLE, FL Enjoy breathtaking views of Alligator Bay and the tranquil lagoon from this stunning coast...	3 beds \| 2 baths \| 2,716 sq.ft.	$1,200,000	Airbnb cash on cash: -1.08% Traditional cash on cash: 0.64% Airbnb Rental Income: $1202 Traditional Rental Income: $2739 Airbnb ROI: -1.08% Traditional ROI: 0.64%
2168 Massachusetts Avenue CARRABELLE, FL *Forgotten Coast Florida/Lanark Villiage Park a 23'+ Boat and still park multiple vehicles...	3 beds \| 2 baths \| 1,392 sq.ft.	$168,000	Airbnb cash on cash: 2.61% Traditional cash on cash: 8.71% Airbnb Rental Income: $1202 Traditional Rental Income: $1790 Airbnb ROI: 2.61% Traditional ROI: 8.71%
1695 Landing Street CARRABELLE, FL BRAND NEW Construction in Carrabelle Landings! NO Flood Insurance Required. This adorable ...	3 beds \| 2 baths \| 1,225 sq.ft.	$315,000	Airbnb cash on cash: 1.36% Traditional cash on cash: 5.32% Airbnb Rental Income: $1202 Traditional Rental Income: $1987 Airbnb ROI: 1.36% Traditional ROI: 5.32%
1897 Highway 98 W CARRABELLE, FL Beautiful beach Villa sits on two large beach lots, the lots go across the street to the w...	2 beds \| 2 baths \| 1,586 sq.ft.	$650,000	Airbnb cash on cash: -0.2% Traditional cash on cash: 2.2% Airbnb Rental Income: $1326 Traditional Rental Income: $2376 Airbnb ROI: -0.2% Traditional ROI: 2.2%
800 Hickory Hammock Rd CARRABELLE, FL Breathtaking Country Estate on 40 Acres with 2,500' of Riverfront! Welcome to the home of ...	4 beds \| 3 baths \| 4,195 sq.ft.	$2,200,000	Airbnb cash on cash: 1.53% Traditional cash on cash: 0.43% Airbnb Rental Income: $7167 Traditional Rental Income: $3525 Airbnb ROI: 1.53% Traditional ROI: 0.43%

Real Estate investment in Carrabelle, FL

There are 47 properties for sale in the city of Carrabelle . The median list price in Carrabelle is $339,500 and the average price per square foot is $192. In December 2025, the average monthly cash on cash return in Carrabelle is 4.00%. The average monthly rental income in Carrabelle is $1,919.

Carrabelle, FL Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 47 investment properties available for sale in Carrabelle.

In 2025, the best neighborhood to buy investment property is CARRABELLE.

The ROI for Short-Term is higher than the Long-Term in Carrabelle with average rental income of $1,202.

Your search for investment property begins and ends here

Investment Property for Sale in Carrabelle, FL

304 Hwy 98

CARRABELLE, FL

3 beds | 2 baths | 1,552 sq.ft.

$399,900

Airbnb cash on cash: 0.04%

Traditional cash on cash: 4.34%

Airbnb Rental Income: $1202

Traditional Rental Income: $2426

Airbnb ROI: 0.04%

Traditional ROI: 4.34%

811 Bruce Ave

CARRABELLE, FL

3 beds | 2 baths | 1,688 sq.ft.

$382,500

Airbnb cash on cash: 0.37%

Traditional cash on cash: 3.92%

Airbnb Rental Income: $1202

Traditional Rental Income: $2087

Airbnb ROI: 0.37%

Traditional ROI: 3.92%

122 Bragdon St

CARRABELLE, FL

2 beds | 1 baths | 1,096 sq.ft.

$265,000

Airbnb cash on cash: 1.41%

Traditional cash on cash: 3.78%

Airbnb Rental Income: $1326

Traditional Rental Income: $1509

Airbnb ROI: 1.41%

Traditional ROI: 3.78%

401 St James Ave

CARRABELLE, FL

2 beds | 3 baths | 1,168 sq.ft.

$285,000

Airbnb cash on cash: 0.67%

Traditional cash on cash: 5.92%

Airbnb Rental Income: $1326

Traditional Rental Income: $2325

Airbnb ROI: 0.67%

Traditional ROI: 5.92%

3186 Hwy 98 E

CARRABELLE, FL

1 beds | 1 baths | 1,080 sq.ft.

$275,000

Airbnb cash on cash: 0.13%

Traditional cash on cash: 4.37%

Airbnb Rental Income: $1350

Traditional Rental Income: $2035

Airbnb ROI: 0.13%

Traditional ROI: 4.37%

801 SE F Avenue

CARRABELLE, FL

4 beds | 4 baths | 2,668 sq.ft.

$549,000

Airbnb cash on cash: 8.53%

Traditional cash on cash: 5.25%

Airbnb Rental Income: $7167

Traditional Rental Income: $4104

Airbnb ROI: 8.53%

Traditional ROI: 5.25%

357 Pirates Landing Dr

CARRABELLE, FL

1 beds | 2 baths | 1,147 sq.ft.

$264,900

Airbnb cash on cash: -0.09%

Traditional cash on cash: 3.82%

Airbnb Rental Income: $1350

Traditional Rental Income: $1913

Airbnb ROI: -0.09%

Traditional ROI: 3.82%

115 Timber Island Rd

CARRABELLE, FL

3 beds | 3 baths | 1,656 sq.ft.

$480,000

Airbnb cash on cash: -0.18%

Traditional cash on cash: 3.55%

Airbnb Rental Income: $1202

Traditional Rental Income: $2490

Airbnb ROI: -0.18%