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 \| 1,328 sq.ft.	$359,900	Airbnb cash on cash: 0.25% Traditional cash on cash: 5.02% Airbnb Rental Income: $1202 Traditional Rental Income: $2426 Airbnb ROI: 0.25% Traditional ROI: 5.02%
811 Bruce Ave CARRABELLE, FL COASTAL LIVING WITH MINIMAL STRESS OR THREAT OF STORM DAMAGE! MOTIVATED TO SELL! ALL OFFER...	3 beds \| 2 baths \| 1,344 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%
401 St James Ave #11 CARRABELLE, FL Park your boat in your own slip with a lift.! Two bedroom, 2 1/2 bath townhome on the Carr...	2 beds \| 2 baths \| 1,024 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%
801 SE F Ave CARRABELLE, FL Please ask agent about new property lines. Stunning 180 degrees of the Gulf, Dog Island an...	4 beds \| 3 baths \| 2,668 sq.ft.	$559,000	Airbnb cash on cash: 8.36% Traditional cash on cash: 5.14% Airbnb Rental Income: $7167 Traditional Rental Income: $4104 Airbnb ROI: 8.36% Traditional ROI: 5.14%
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 \| 1,368 sq.ft.	$479,900	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 Avenue A CARRABELLE, FL Welcome to coastal living in the heart of Carrabelle, Florida. This 3-bedroom, 1-bath home...	3 beds \| 1 baths \| 802 sq.ft.	$239,000	Airbnb cash on cash: -0.86% Traditional cash on cash: 3.02% Airbnb Rental Income: $1202 Traditional Rental Income: $1690 Airbnb ROI: -0.86% Traditional ROI: 3.02%
2248 Hwy 98 E CARRABELLE, FL Bayfront Bliss: Turn-Key 2-Bedroom, 2-Bath Home with Panoramic Views. Welcome to your drea...	2 beds \| 2 baths \| 1,162 sq.ft.	$699,900	Airbnb cash on cash: 0.57% Traditional cash on cash: 2.54% Airbnb Rental Income: $1933 Traditional Rental Income: $2706 Airbnb ROI: 0.57% Traditional ROI: 2.54%
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 \| 1,096 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%
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.	$679,000	Airbnb cash on cash: -0.18% Traditional cash on cash: 2.22% Airbnb Rental Income: $1202 Traditional Rental Income: $2337 Airbnb ROI: -0.18% Traditional ROI: 2.22%
107 Infield Dr CARRABELLE, FL REDUCED TO SELL! BRING YOUR OFFERS!! This 3-bedroom, 2-bath coastal home is a gem, on over...	3 beds \| 2 baths \| 1,519 sq.ft.	$325,000	Airbnb cash on cash: 1.02% Traditional cash on cash: 4.87% Airbnb Rental Income: $1202 Traditional Rental Income: $1995 Airbnb ROI: 1.02% Traditional ROI: 4.87%
1666 Landing St CARRABELLE, FL Beautiful new construction home located in Carrabelle Landings Subdivision. Home has 3 bed...	3 beds \| 2 baths \| 1,225 sq.ft.	$304,900	Airbnb cash on cash: 1.32% Traditional cash on cash: 5.19% Airbnb Rental Income: $1202 Traditional Rental Income: $1922 Airbnb ROI: 1.32% Traditional ROI: 5.19%
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.	$269,900	Airbnb cash on cash: 0.84% Traditional cash on cash: 5.03% Airbnb Rental Income: $1202 Traditional Rental Income: $1880 Airbnb ROI: 0.84% Traditional ROI: 5.03%
111 California St 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.	$279,000	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 \| 2,160 sq.ft.	$860,000	Airbnb cash on cash: 5.05% Traditional cash on cash: 1.82% Airbnb Rental Income: $7167 Traditional Rental Income: $3201 Airbnb ROI: 5.05% Traditional ROI: 1.82%
1673 Landing St CARRABELLE, FL Home is currently an Air B N B but still active on the market.Welcome to your dream retrea...	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 PRICE REDUCED TO SELL! BRING YOUR OFFERS! This 3-bedroom, 2-bath coastal home is a rare fi...	3 beds \| 2 baths \| 1,519 sq.ft.	$326,000	Airbnb cash on cash: 1.02% Traditional cash on cash: 5.95% Airbnb Rental Income: $1202 Traditional Rental Income: $2324 Airbnb ROI: 1.02% Traditional ROI: 5.95%
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 \| 1,200 sq.ft.	$670,000	Airbnb cash on cash: 0.01% Traditional cash on cash: 3.01% Airbnb Rental Income: $1202 Traditional Rental Income: $2700 Airbnb ROI: 0.01% Traditional ROI: 3.01%
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 \| 1,604 sq.ft.	$429,000	Airbnb cash on cash: 0.29% Traditional cash on cash: 3.99% Airbnb Rental Income: $1202 Traditional Rental Income: $2402 Airbnb ROI: 0.29% Traditional ROI: 3.99%
1727 Landing St CARRABELLE, FL Seller Concession of $2k towards your closing costs!! Check out this amazing deal on a 201...	3 beds \| 1 baths \| 1,032 sq.ft.	$271,000	Airbnb cash on cash: 1.31% Traditional cash on cash: 6.37% Airbnb Rental Income: $1202 Traditional Rental Income: $2107 Airbnb ROI: 1.31% Traditional ROI: 6.37%
2190 Hwy 98 E CARRABELLE, FL Enjoy the best of bayside living in this beautifully furnished home in desirable Lanark Be...	3 beds \| 2 baths \| 1,344 sq.ft.	$679,000	Airbnb cash on cash: -0.75% Traditional cash on cash: 1.57% Airbnb Rental Income: $1202 Traditional Rental Income: $2280 Airbnb ROI: -0.75% Traditional ROI: 1.57%
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.	$625,000	Airbnb cash on cash: -0.46% Traditional cash on cash: 2.43% Airbnb Rental Income: $1202 Traditional Rental Income: $2496 Airbnb ROI: -0.46% Traditional ROI: 2.43%
1695 Landing St CARRABELLE, FL One or more photo(s) is virtually staged* BRAND NEW Construction in Carrabelle Landings! N...	3 beds \| 2 baths \| 1,225 sq.ft.	$299,000	Airbnb cash on cash: 1.38% Traditional cash on cash: 5.56% Airbnb Rental Income: $1202 Traditional Rental Income: $1987 Airbnb ROI: 1.38% Traditional ROI: 5.56%
800 Hickory Hammock Rd CARRABELLE, FL Breathtaking Country Estate on 40 Acres with 2,500' of Riverfront! Welcome to the home of ...	4 beds \| 2 baths \| 3,475 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%
3186 Hwy 98 E CARRABELLE, FL Seize the opportunity to own a breathtaking view of the Gulf of Mexico, where you can watc...	1 beds \| 1 baths \| 1,080 sq.ft.	$274,900	Airbnb cash on cash: -0.1% Traditional cash on cash: 8.67% Airbnb Rental Income: $1350 Traditional Rental Income: $3211 Airbnb ROI: -0.1% Traditional ROI: 8.67%
2970 Pristine Dr CARRABELLE, FL 2970 Pristine Dr, Franklin, FL 32322 \| Other	N/A beds \| N/A baths \| N/A	$199,000	Airbnb cash on cash: -0.38% Traditional cash on cash: 0.75% Airbnb Rental Income: $751 Traditional Rental Income: $683 Airbnb ROI: -0.38% Traditional ROI: 0.75%
357 Pirates Landing Dr CARRABELLE, FL Welcome to Pirates Landing, perfectly situated along the Carrabelle River and just steps f...	1 beds \| 2 baths \| 776 sq.ft.	$259,900	Airbnb cash on cash: -0.05% Traditional cash on cash: 3.43% Airbnb Rental Income: $1350 Traditional Rental Income: $1790 Airbnb ROI: -0.05% Traditional ROI: 3.43%
501c NE Ave A #C CARRABELLE, FL This 3 bedroom 2 bath end unit townhome is everything you want in a home away from home It...	3 beds \| 3 baths \| 1,500 sq.ft.	$299,500	Airbnb cash on cash: 0.93% Traditional cash on cash: 7.82% Airbnb Rental Income: $1202 Traditional Rental Income: $2756 Airbnb ROI: 0.93% Traditional ROI: 7.82%
425 River Rd CARRABELLE, FL Discover your slice of coastal paradise on the beautiful Carrabelle River. This deep-water...	3 beds \| 2 baths \| 1,288 sq.ft.	$545,000	Airbnb cash on cash: 0.04% Traditional cash on cash: 4.19% Airbnb Rental Income: $1202 Traditional Rental Income: $2928 Airbnb ROI: 0.04% Traditional ROI: 4.19%
51-1 E Pine St CARRABELLE, FL Located in the quiet coastal community of Lanark Village, this charming and renovated coas...	3 beds \| 2 baths \| 1,182 sq.ft.	$179,000	Airbnb cash on cash: 2.58% Traditional cash on cash: 9.48% Airbnb Rental Income: $1202 Traditional Rental Income: $1987 Airbnb ROI: 2.58% Traditional ROI: 9.48%
115 Timber Island rd unit: #D #D CARRABELLE, FL Riverfront Living at the Carrabelle Boat Club Welcome to your slice of coastal paradise! T...	3 beds \| 3 baths \| 1,368 sq.ft.	$475,000	Airbnb cash on cash: -0.26% Traditional cash on cash: 2.58% Airbnb Rental Income: $1202 Traditional Rental Income: $2076 Airbnb ROI: -0.26% Traditional ROI: 2.58%
135 Carolina St CARRABELLE, FL New Reduced Price! Watch the sea! Listen to the waves! Feel the breeze! High and Dry! No F...	2 beds \| 2 baths \| 840 sq.ft.	$216,000	Airbnb cash on cash: 2.14% Traditional cash on cash: 6.59% Airbnb Rental Income: $1326 Traditional Rental Income: $1827 Airbnb ROI: 2.14% Traditional ROI: 6.59%
140 Craig St CARRABELLE, FL Stunning Concrete-Piling Beach-Style Home on 2 Acres.This meticulously maintained coastal-...	3 beds \| 2 baths \| 1,884 sq.ft.	$630,000	Airbnb cash on cash: -0.67% Traditional cash on cash: 1.49% Airbnb Rental Income: $1202 Traditional Rental Income: $2091 Airbnb ROI: -0.67% Traditional ROI: 1.49%
902 NW Ave D CARRABELLE, FL Need to Sell for Family Reasons! All Reasonable offers Considered! Beautifully updated 2-s...	3 beds \| 2 baths \| 1,682 sq.ft.	$449,000	Airbnb cash on cash: 0.11% Traditional cash on cash: 2.8% Airbnb Rental Income: $1202 Traditional Rental Income: $1991 Airbnb ROI: 0.11% Traditional ROI: 2.8%
1105 Gray Ave CARRABELLE, FL Spacious 5 bedroom, 4 bath single-story home with a two-car garage. Features a climate con...	5 beds \| 4 baths \| 2,365 sq.ft.	$435,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.06% Airbnb Rental Income: $null Traditional Rental Income: $3761 Airbnb ROI: N/A Traditional ROI: 6.06%
2509 E 98 Hwy CARRABELLE, FL All brick exterior 2 bedroom, 1 bath costal cottage. This home sits on 1 acre, offering pl...	2 beds \| 1 baths \| 1,486 sq.ft.	$325,000	Airbnb cash on cash: 1.42% Traditional cash on cash: 3.77% Airbnb Rental Income: $1326 Traditional Rental Income: $1635 Airbnb ROI: 1.42% Traditional ROI: 3.77%

Real Estate investment in Carrabelle, FL

There are 206 properties for sale in the city of Carrabelle . The median list price in Carrabelle is $325,000 and the average price per square foot is $212. In March 2026, the average monthly cash on cash return in Carrabelle is 3.00%. The average monthly rental income in Carrabelle is $1,858.

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

There are 206 investment properties available for sale in Carrabelle.

In 2026, 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 | 1,328 sq.ft.

$359,900

Airbnb cash on cash: 0.25%

Traditional cash on cash: 5.02%

Airbnb Rental Income: $1202

Traditional Rental Income: $2426

Airbnb ROI: 0.25%

Traditional ROI: 5.02%

811 Bruce Ave

CARRABELLE, FL

3 beds | 2 baths | 1,344 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%

401 St James Ave #11

CARRABELLE, FL

2 beds | 2 baths | 1,024 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%

801 SE F Ave

CARRABELLE, FL

4 beds | 3 baths | 2,668 sq.ft.

$559,000

Airbnb cash on cash: 8.36%

Traditional cash on cash: 5.14%

Airbnb Rental Income: $7167

Traditional Rental Income: $4104

Airbnb ROI: 8.36%

Traditional ROI: 5.14%

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 | 1,368 sq.ft.

$479,900

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 Avenue A

CARRABELLE, FL

3 beds | 1 baths | 802 sq.ft.

$239,000

Airbnb cash on cash: -0.86%

Traditional cash on cash: 3.02%

Airbnb Rental Income: $1202

Traditional Rental Income: $1690

Airbnb ROI: -0.86%

Traditional ROI: 3.02%

2248 Hwy 98 E

CARRABELLE, FL

2 beds | 2 baths | 1,162 sq.ft.

$699,900

Airbnb cash on cash: 0.57%

Traditional cash on cash: 2.54%

Airbnb Rental Income: $1933

Traditional Rental Income: $2706

Airbnb ROI: 0.57%