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: 1.35% Traditional cash on cash: 4.34% Airbnb Rental Income: $1795 Traditional Rental Income: $2426 Airbnb ROI: 1.35% Traditional ROI: 4.34%
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: 3.09% Traditional cash on cash: 3.78% Airbnb Rental Income: $1832 Traditional Rental Income: $1509 Airbnb ROI: 3.09% 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.	$295,000	Airbnb cash on cash: 2.13% Traditional cash on cash: 5.68% Airbnb Rental Income: $1832 Traditional Rental Income: $2325 Airbnb ROI: 2.13% Traditional ROI: 5.68%
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: 0.17% Traditional cash on cash: 4.37% Airbnb Rental Income: $1363 Traditional Rental Income: $2035 Airbnb ROI: 0.17% Traditional ROI: 4.37%
213 Eagles Way CARRABELLE, FL Located at the exclusive St. James Bay Golf and Pickle ball Resort, an Audubon Sanctioned ...	2 beds \| 2 baths \| 1,574 sq.ft.	$349,000	Airbnb cash on cash: 0.02% Traditional cash on cash: 3.7% Airbnb Rental Income: $1832 Traditional Rental Income: $2547 Airbnb ROI: 0.02% Traditional ROI: 3.7%
377 Pirates Landing Dr CARRABELLE, FL Tranquility found. Come home or escape to Pirate's Landing. This quiet, comfortable, fu...	1 beds \| 2 baths \| 1,147 sq.ft.	$220,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 3.89% Airbnb Rental Income: $1363 Traditional Rental Income: $1783 Airbnb ROI: -0.13% Traditional ROI: 3.89%
396 Royal Tern Way CARRABELLE, FL Experience the best of coastal living in this impeccable fully furnished craftsman style h...	3 beds \| 2 baths \| 1,800 sq.ft.	$400,000	Airbnb cash on cash: 1.23% Traditional cash on cash: 5.91% Airbnb Rental Income: $1795 Traditional Rental Income: $3061 Airbnb ROI: 1.23% Traditional ROI: 5.91%
344 Royal Tern Ct CARRABELLE, FL Tucked Away on Royal Tern Way ? Welcome to this stunning 2023-built Craftsman-style home,...	3 beds \| 2 baths \| 2,453 sq.ft.	$399,000	Airbnb cash on cash: 1.24% Traditional cash on cash: 4.41% Airbnb Rental Income: $1795 Traditional Rental Income: $2491 Airbnb ROI: 1.24% Traditional ROI: 4.41%
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.	$289,900	Airbnb cash on cash: 0.72% Traditional cash on cash: 2.12% Airbnb Rental Income: $1795 Traditional Rental Income: $1690 Airbnb ROI: 0.72% Traditional ROI: 2.12%
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: 0.84% Traditional cash on cash: 4.1% Airbnb Rental Income: $1795 Traditional Rental Income: $3129 Airbnb ROI: 0.84% Traditional ROI: 4.1%
588 River Rd CARRABELLE, FL Seller will pay $10,000 towards buyers closing costs for settlement by 8-31-25. This custo...	3 beds \| 4 baths \| 2,661 sq.ft.	$798,500	Airbnb cash on cash: 0.34% Traditional cash on cash: 3.23% Airbnb Rental Income: $1795 Traditional Rental Income: $3456 Airbnb ROI: 0.34% Traditional ROI: 3.23%
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: 3.51% Traditional cash on cash: 6.04% Airbnb Rental Income: $1832 Traditional Rental Income: $1992 Airbnb ROI: 3.51% Traditional ROI: 6.04%
2120 Hwy 98 W CARRABELLE, FL Secluded beach house with deep water dock. House named "Dolphin Watch" for the almost dail...	3 beds \| 2 baths \| 1,520 sq.ft.	$699,900	Airbnb cash on cash: 0.55% Traditional cash on cash: 2.13% Airbnb Rental Income: $1795 Traditional Rental Income: $2337 Airbnb ROI: 0.55% 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: 1.62% Traditional cash on cash: 4.83% Airbnb Rental Income: $1832 Traditional Rental Income: $2479 Airbnb ROI: 1.62% Traditional ROI: 4.83%
2324 Coastal Highway 98 W CARRABELLE, FL $250,000 in INSTANT EQUITY! Practically NEW construction! Discover coastal luxury in this ...	4 beds \| 4 baths \| 2,523 sq.ft.	$999,000	Airbnb cash on cash: 4.63% Traditional cash on cash: 2.52% Airbnb Rental Income: $7167 Traditional Rental Income: $3822 Airbnb ROI: 4.63% Traditional ROI: 2.52%
556 River Rd CARRABELLE, FL PRICE REDUCED ! ! Motivated seller Stunning Riverfront Retreat with Prime Boat Access Di...	3 beds \| 2 baths \| 3,244 sq.ft.	$715,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 1.5% Airbnb Rental Income: $1795 Traditional Rental Income: $2349 Airbnb ROI: -0.06% Traditional ROI: 1.5%
254 Ante Beppum Loop CARRABELLE, FL FULLY FURNISHED NEW CONSTRUCTION!! Pics with furnishings coming soon! Seller willing to ne...	3 beds \| 2 baths \| 1,316 sq.ft.	$315,000	Airbnb cash on cash: 2.12% Traditional cash on cash: 4.21% Airbnb Rental Income: $1795 Traditional Rental Income: $1927 Airbnb ROI: 2.12% Traditional ROI: 4.21%
3057 Hwy 98 CARRABELLE, FL White Sandy Beach awaits you along this Coastal Road. Your home has a view over your very ...	2 beds \| 1 baths \| 876 sq.ft.	$550,000	Airbnb cash on cash: 1.22% Traditional cash on cash: 2.76% Airbnb Rental Income: $1832 Traditional Rental Income: $2132 Airbnb ROI: 1.22% Traditional ROI: 2.76%
107 Infield Drive CARRABELLE, FL TREMENDOUS PRICE IMPROVEMENT! Your boat could be home. Have you been looking for a place d...	3 beds \| 2 baths \| 1,519 sq.ft.	$350,000	Airbnb cash on cash: 2.38% Traditional cash on cash: 4.48% Airbnb Rental Income: $1795 Traditional Rental Income: $1995 Airbnb ROI: 2.38% Traditional ROI: 4.48%
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.	$324,900	Airbnb cash on cash: 2.8% Traditional cash on cash: 4.81% Airbnb Rental Income: $1795 Traditional Rental Income: $1922 Airbnb ROI: 2.8% Traditional ROI: 4.81%
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: 5.56% Traditional cash on cash: 7.34% Airbnb Rental Income: $1795 Traditional Rental Income: $1621 Airbnb ROI: 5.56% Traditional ROI: 7.34%
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.	$299,000	Airbnb cash on cash: 1.04% Traditional cash on cash: 3.51% Airbnb Rental Income: $1795 Traditional Rental Income: $2003 Airbnb ROI: 1.04% Traditional ROI: 3.51%
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: 2.94% Traditional cash on cash: 3.49% Airbnb Rental Income: $1832 Traditional Rental Income: $1488 Airbnb ROI: 2.94% 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.	$875,000	Airbnb cash on cash: 4.91% Traditional cash on cash: 1.74% Airbnb Rental Income: $7167 Traditional Rental Income: $3201 Airbnb ROI: 4.91% Traditional ROI: 1.74%
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.	$345,000	Airbnb cash on cash: 2.61% Traditional cash on cash: 4.48% Airbnb Rental Income: $1795 Traditional Rental Income: $1915 Airbnb ROI: 2.61% Traditional ROI: 4.48%
231 Eagles Way CARRABELLE, FL Check out this stunning 3 bed, 3 bath condo located in St James Bay Golf and Pickleball Re...	3 beds \| 3 baths \| 1,794 sq.ft.	$435,000	Airbnb cash on cash: -0.39% Traditional cash on cash: 4.02% Airbnb Rental Income: $1795 Traditional Rental Income: $3101 Airbnb ROI: -0.39% Traditional ROI: 4.02%
231 Eagles Way CARRABELLE, FL Check out this stunning 3 bed, 3 bath condo located in St James Bay Golf and Pickleball Re...	3 beds \| 3 baths \| 1,666 sq.ft.	$435,000	Airbnb cash on cash: -0.02% Traditional cash on cash: 2.51% Airbnb Rental Income: $1795 Traditional Rental Income: $2337 Airbnb ROI: -0.02% Traditional ROI: 2.51%
1525 Gulf Ave CARRABELLE, FL Bayfront Sportsman Paradise & Family Retreat Welcome to your dream getaway! This imma...	2 beds \| 3 baths \| 2,507 sq.ft.	$749,900	Airbnb cash on cash: 0.62% Traditional cash on cash: 3.21% Airbnb Rental Income: $1832 Traditional Rental Income: $3146 Airbnb ROI: 0.62% Traditional ROI: 3.21%
2147 Hwy 98 E CARRABELLE, FL Beach House For Sale in Carrabelle, Florida. Escape to your very own coastal paradise! Th...	3 beds \| 2 baths \| 1,536 sq.ft.	$575,900	Airbnb cash on cash: -5.33% Traditional cash on cash: -3.85% Airbnb Rental Income: $1795 Traditional Rental Income: $2105 Airbnb ROI: -5.33% Traditional ROI: -3.85%
2361 E Highway 98 CARRABELLE, FL Your Dream home on the Forgotten Coast is closer than you think! This stunning Three-Bedro...	3 beds \| 3 baths \| 2,622 sq.ft.	$674,000	Airbnb cash on cash: 0.92% Traditional cash on cash: 3.52% Airbnb Rental Income: $1795 Traditional Rental Income: $2942 Airbnb ROI: 0.92% Traditional ROI: 3.52%
117 Skimmer Ln CARRABELLE, FL PRICED TO SELL AND MAKE YOUR OWN. A NEW ROOF and a whole house generator has beinstalled ...	3 beds \| 4 baths \| 2,567 sq.ft.	$350,000	Airbnb cash on cash: 2.54% Traditional cash on cash: 9.31% Airbnb Rental Income: $1795 Traditional Rental Income: $3531 Airbnb ROI: 2.54% Traditional ROI: 9.31%
2488 HIGHWAY 98 E CARRABELLE, FL ARCHITECTURALLY DRAMATIC HOME OVERLOOKING THE GULF ON 2 WATERFRONT LOTS*SPACIOUS HOME WITH...	3 beds \| 2 baths \| 1,825 sq.ft.	$760,000	Airbnb cash on cash: 0.33% Traditional cash on cash: 2.39% Airbnb Rental Income: $1795 Traditional Rental Income: $2767 Airbnb ROI: 0.33% Traditional ROI: 2.39%
167 Timber Island Rd CARRABELLE, FL A Rare Gem! Discover this stunning riverfront home in Carrabelle, Florida, set on a spacio...	5 beds \| 3 baths \| 2,736 sq.ft.	$959,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.12% Airbnb Rental Income: $null Traditional Rental Income: $3452 Airbnb ROI: N/A Traditional ROI: 2.12%
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: 3.12% Traditional cash on cash: 6.16% Airbnb Rental Income: $1795 Traditional Rental Income: $2107 Airbnb ROI: 3.12% Traditional ROI: 6.16%
1617 E Highway 98 CARRABELLE, FL Welcome to the BAY HOUSE, a FORGOTTEN COAST RETREAT on HWY 98 E with a long rocking chair ...	3 beds \| 2 baths \| 2,680 sq.ft.	$675,000	Airbnb cash on cash: 0.29% Traditional cash on cash: 2.18% Airbnb Rental Income: $1795 Traditional Rental Income: $2496 Airbnb ROI: 0.29% Traditional ROI: 2.18%
377 Pirates Landing Drive CARRABELLE, FL Tranquility found. Come home or escape to Pirate's Landing. This quiet, comfortable, fully...	1 beds \| 2 baths \| 776 sq.ft.	$239,000	Airbnb cash on cash: -0.19% Traditional cash on cash: 2.99% Airbnb Rental Income: $1363 Traditional Rental Income: $1665 Airbnb ROI: -0.19% Traditional ROI: 2.99%
2324 Hwy 98 W CARRABELLE, FL $250,000 in INSTANT EQUITY! Practically NEW construction! Discover coastal luxury in this ...	4 beds \| 4 baths \| 3,741 sq.ft.	$999,000	Airbnb cash on cash: 4.63% Traditional cash on cash: 3.22% Airbnb Rental Income: $7167 Traditional Rental Income: $4469 Airbnb ROI: 4.63% Traditional ROI: 3.22%
401 NW Ave D CARRABELLE, FL Looking for a unique coastal get away. This cute 2 bedroom, 2 bath mobile home is an arti...	2 beds \| 2 baths \| 952 sq.ft.	$125,000	Airbnb cash on cash: 9.29% Traditional cash on cash: 10.59% Airbnb Rental Income: $1832 Traditional Rental Income: $1494 Airbnb ROI: 9.29% Traditional ROI: 10.59%
131 Delaware St CARRABELLE, FL Beautiful new construction home, built fall of 2024. All furnished, 2/2 plus a bonus room...	2 beds \| 2 baths \| 1,219 sq.ft.	$287,000	Airbnb cash on cash: 3.58% Traditional cash on cash: 6.89% Airbnb Rental Income: $1832 Traditional Rental Income: $2232 Airbnb ROI: 3.58% Traditional ROI: 6.89%
131 Delaware Street CARRABELLE, FL Beautiful new construction home, built fall of 2024. All furnished, 2/2 plus a bonus room ...	2 beds \| 2 baths \| 1,219 sq.ft.	$287,000	Airbnb cash on cash: 2.72% Traditional cash on cash: 5.38% Airbnb Rental Income: $1832 Traditional Rental Income: $2058 Airbnb ROI: 2.72% Traditional ROI: 5.38%

Real Estate investment in Carrabelle, FL

There are 47 properties for sale in the city of Carrabelle . The median list price in Carrabelle is $349,500 and the average price per square foot is $193. In September 2025, the average monthly cash on cash return in Carrabelle is 3.00%. The average monthly rental income in Carrabelle is $1,922.

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 Long-Term is higher than the Short-Term in Carrabelle with average rental income of $1,922.

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: 1.35%

Traditional cash on cash: 4.34%

Airbnb Rental Income: $1795

Traditional Rental Income: $2426

Airbnb ROI: 1.35%

Traditional ROI: 4.34%

122 Bragdon St

CARRABELLE, FL

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

$265,000

Airbnb cash on cash: 3.09%

Traditional cash on cash: 3.78%

Airbnb Rental Income: $1832

Traditional Rental Income: $1509

Airbnb ROI: 3.09%

Traditional ROI: 3.78%

401 St James Ave

CARRABELLE, FL

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

$295,000

Airbnb cash on cash: 2.13%

Traditional cash on cash: 5.68%

Airbnb Rental Income: $1832

Traditional Rental Income: $2325

Airbnb ROI: 2.13%

Traditional ROI: 5.68%

3186 Hwy 98 E

CARRABELLE, FL

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

$275,000

Airbnb cash on cash: 0.17%

Traditional cash on cash: 4.37%

Airbnb Rental Income: $1363

Traditional Rental Income: $2035

Airbnb ROI: 0.17%

Traditional ROI: 4.37%

213 Eagles Way

CARRABELLE, FL

2 beds | 2 baths | 1,574 sq.ft.

$349,000

Airbnb cash on cash: 0.02%

Traditional cash on cash: 3.7%

Airbnb Rental Income: $1832

Traditional Rental Income: $2547

Airbnb ROI: 0.02%

Traditional ROI: 3.7%

377 Pirates Landing Dr

CARRABELLE, FL

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

$220,000

Airbnb cash on cash: -0.13%

Traditional cash on cash: 3.89%

Airbnb Rental Income: $1363

Traditional Rental Income: $1783

Airbnb ROI: -0.13%

Traditional ROI: 3.89%

396 Royal Tern Way

CARRABELLE, FL

3 beds | 2 baths | 1,800 sq.ft.

$400,000

Airbnb cash on cash: 1.23%

Traditional cash on cash: 5.91%

Airbnb Rental Income: $1795

Traditional Rental Income: $3061

Airbnb ROI: 1.23%

Traditional ROI: 5.91%

344 Royal Tern Ct

CARRABELLE, FL

3 beds | 2 baths | 2,453 sq.ft.

$399,000

Airbnb cash on cash: 1.24%

Traditional cash on cash: 4.41%

Airbnb Rental Income: $1795

Traditional Rental Income: $2491

Airbnb ROI: 1.24%