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
115 Timber Island rd #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.	$430,000	Airbnb cash on cash: 0.75% Traditional cash on cash: 3.57% Airbnb Rental Income: $1711 Traditional Rental Income: $2372 Airbnb ROI: 0.75% Traditional ROI: 3.57%
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 \| 3 baths \| 1,024 sq.ft.	$285,000	Airbnb cash on cash: 2.74% Traditional cash on cash: 5% Airbnb Rental Income: $1995 Traditional Rental Income: $2079 Airbnb ROI: 2.74% Traditional ROI: 5%
2904 Hidden Beaches Rd CARRABELLE, FL Experience luxury Gulf-front living in this spectacular custom-built Solburg beachfront es...	4 beds \| 4 baths \| 6,443 sq.ft.	$2,899,000	Airbnb cash on cash: 0.77% Traditional cash on cash: 0.42% Airbnb Rental Income: $7167 Traditional Rental Income: $4838 Airbnb ROI: 0.77% Traditional ROI: 0.42%
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.	$256,900	Airbnb cash on cash: -1.29% Traditional cash on cash: 3.13% Airbnb Rental Income: $986 Traditional Rental Income: $1704 Airbnb ROI: -1.29% Traditional ROI: 3.13%
272 Lake McKissack Lane CARRABELLE, FL Welcome to your peaceful oasis in this meticulously maintained 3 bedroom 2 bath home nestl...	3 beds \| 2 baths \| 1,161 sq.ft.	$363,900	Airbnb cash on cash: 1.21% Traditional cash on cash: 3.85% Airbnb Rental Income: $1711 Traditional Rental Income: $2138 Airbnb ROI: 1.21% Traditional ROI: 3.85%
219 Ante-beppum Loop CARRABELLE, FL Welcome home to this custom-built, meticulously maintained 2-bedroom, 2-bath residence nes...	2 beds \| 2 baths \| 1,176 sq.ft.	$299,000	Airbnb cash on cash: 2.8% Traditional cash on cash: 2.3% Airbnb Rental Income: $1995 Traditional Rental Income: $1333 Airbnb ROI: 2.8% Traditional ROI: 2.3%
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.	$430,000	Airbnb cash on cash: 0.96% Traditional cash on cash: 3.89% Airbnb Rental Income: $1711 Traditional Rental Income: $2415 Airbnb ROI: 0.96% Traditional ROI: 3.89%
117 Osprey CARRABELLE, FL Private Waterfront Estate on 3 acres, a rare find! BONUS residential building lot with d...	3 beds \| 3 baths \| 2,155 sq.ft.	$1,400,000	Airbnb cash on cash: -0.68% Traditional cash on cash: 0.99% Airbnb Rental Income: $1711 Traditional Rental Income: $3412 Airbnb ROI: -0.68% Traditional ROI: 0.99%
3150 Hwy 98 E CARRABELLE, FL Wake up each morning to sweeping Gulf views from this cozy 3 bedroom, 2 bath beach cottage...	3 beds \| 2 baths \| 1,116 sq.ft.	$550,000	Airbnb cash on cash: 0.34% Traditional cash on cash: 1.98% Airbnb Rental Income: $1711 Traditional Rental Income: $2080 Airbnb ROI: 0.34% Traditional ROI: 1.98%
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: 1.01% Traditional cash on cash: 3.79% Airbnb Rental Income: $1711 Traditional Rental Income: $1865 Airbnb ROI: 1.01% Traditional ROI: 3.79%
3092 Hwy 98 E CARRABELLE, FL HUGE OPPORTUNITY TO PURCHASE NEW CONSTRUCTION BAY FRONT/GULF FRONT HOME. Pilings are in pl...	4 beds \| 3 baths \| 2,176 sq.ft.	$1,099,000	Airbnb cash on cash: 3.97% Traditional cash on cash: 1.67% Airbnb Rental Income: $6537 Traditional Rental Income: $2902 Airbnb ROI: 3.97% Traditional ROI: 1.67%
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: 0.65% Traditional cash on cash: 2.16% Airbnb Rental Income: $1995 Traditional Rental Income: $2460 Airbnb ROI: 0.65% Traditional ROI: 2.16%
15 White Way CARRABELLE, FL Rustic charm blends modern convenience in this custom riverfront home. Meticulously mainta...	3 beds \| 3 baths \| 2,644 sq.ft.	$669,000	Airbnb cash on cash: 0.54% Traditional cash on cash: 3.57% Airbnb Rental Income: $1711 Traditional Rental Income: $3129 Airbnb ROI: 0.54% Traditional ROI: 3.57%
211 Franklin Street CARRABELLE, FL Coastal living meets spacious privacy! This beautiful 3-bedroom, 2-bathroom home sits on a...	3 beds \| 2 baths \| 1,590 sq.ft.	$340,000	Airbnb cash on cash: 1.7% Traditional cash on cash: 4.4% Airbnb Rental Income: $1711 Traditional Rental Income: $2101 Airbnb ROI: 1.7% Traditional ROI: 4.4%
711 Nw Ave C CARRABELLE, FL Charming Ranch Home on Two Corner Lots Enjoy the convenience of in-town living with this 2...	2 beds \| 2 baths \| 1,096 sq.ft.	$275,000	Airbnb cash on cash: 4.02% Traditional cash on cash: 5.73% Airbnb Rental Income: $1995 Traditional Rental Income: $1918 Airbnb ROI: 4.02% Traditional ROI: 5.73%
215 Ante Beppum Loop CARRABELLE, FL Amazing coastal cottage barely lived in is calling you! Just pack your bags & move right i...	2 beds \| 2 baths \| 1,176 sq.ft.	$282,000	Airbnb cash on cash: 3.24% Traditional cash on cash: 5.88% Airbnb Rental Income: $1995 Traditional Rental Income: $2175 Airbnb ROI: 3.24% Traditional ROI: 5.88%
914 Gulf Shore Dr CARRABELLE, FL Escape to the laid-back beauty of Dog Island with this charming and spacious beachfront re...	3 beds \| 2 baths \| 1,188 sq.ft.	$675,000	Airbnb cash on cash: -0.07% Traditional cash on cash: 2.66% Airbnb Rental Income: $1711 Traditional Rental Income: $2956 Airbnb ROI: -0.07% Traditional ROI: 2.66%
252 Ante-Beppum Loop CARRABELLE, FL FULLY FURNISHED Coastal Retreat in Carraway Bay Plantation, Carrabelle, FL** Discover your...	3 beds \| 2 baths \| 1,159 sq.ft.	$275,000	Airbnb cash on cash: 2.42% Traditional cash on cash: 7.22% Airbnb Rental Income: $1711 Traditional Rental Income: $2480 Airbnb ROI: 2.42% Traditional ROI: 7.22%
1605 Sandpiper Drive CARRABELLE, FL Discover coastal charm and endless possibilities with this fully furnished 2-bedroom, 2-ba...	2 beds \| 2 baths \| 1,050 sq.ft.	$289,900	Airbnb cash on cash: 2.81% Traditional cash on cash: 3.89% Airbnb Rental Income: $1995 Traditional Rental Income: $1770 Airbnb ROI: 2.81% Traditional ROI: 3.89%
607 Three Rivers Rd CARRABELLE, FL Deal Alert!!- 607 Three Rivers Road is now offered at just $229,900.00. If you've been wai...	2 beds \| 2 baths \| 984 sq.ft.	$229,900	Airbnb cash on cash: 4.91% Traditional cash on cash: 6.88% Airbnb Rental Income: $1995 Traditional Rental Income: $1902 Airbnb ROI: 4.91% Traditional ROI: 6.88%
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 \| 3,475 sq.ft.	$1,875,000	Airbnb cash on cash: 1.97% Traditional cash on cash: 1.39% Airbnb Rental Income: $7167 Traditional Rental Income: $4772 Airbnb ROI: 1.97% Traditional ROI: 1.39%
112 Hinton St CARRABELLE, FL MOTIVATED SELLER! Looking for beautiful bay views without the expense & maintenance of dir...	3 beds \| 3 baths \| 1,982 sq.ft.	$368,500	Airbnb cash on cash: 2.12% Traditional cash on cash: 6.22% Airbnb Rental Income: $1711 Traditional Rental Income: $2654 Airbnb ROI: 2.12% Traditional ROI: 6.22%
357 Pirates Landing Drive CARRABELLE, FL Welcome to Pirates Landing, perfectly situated along the Carrabelle River and just steps f...	1 beds \| 2 baths \| 776 sq.ft.	$256,900	Airbnb cash on cash: -1.29% Traditional cash on cash: 4.25% Airbnb Rental Income: $986 Traditional Rental Income: $1974 Airbnb ROI: -1.29% Traditional ROI: 4.25%
2000 Lighthouse Rd CARRABELLE, FL Escape to peaceful country living just minutes from the coast! Situated on 1 acre, this 3-...	3 beds \| 2 baths \| 1,166 sq.ft.	$185,000	Airbnb cash on cash: 5.06% Traditional cash on cash: 8.8% Airbnb Rental Income: $1711 Traditional Rental Income: $1894 Airbnb ROI: 5.06% Traditional ROI: 8.8%
2492 Highway 98 E CARRABELLE, FL Welcome to 2492 Highway 98 East in Carrabelle, Florida-a rare waterfront retreat on Florid...	3 beds \| 2 baths \| 1,600 sq.ft.	$799,000	Airbnb cash on cash: 0.23% Traditional cash on cash: 1.67% Airbnb Rental Income: $1711 Traditional Rental Income: $2307 Airbnb ROI: 0.23% Traditional ROI: 1.67%
3045 E 98 Highway CARRABELLE, FL Welcome to your slice of coastal charm at Carrabelle! This beautiful 3-bedroom, 2-bath cot...	3 beds \| 2 baths \| 1,536 sq.ft.	$425,000	Airbnb cash on cash: 0.99% Traditional cash on cash: 2.7% Airbnb Rental Income: $1711 Traditional Rental Income: $1918 Airbnb ROI: 0.99% Traditional ROI: 2.7%
3150 Highway 98 CARRABELLE, FL Wake up each morning to sweeping Gulf views from this cozy 3 bedroom, 2 bath beach cottage...	3 beds \| 2 baths \| 1,116 sq.ft.	$550,000	Airbnb cash on cash: 0.62% Traditional cash on cash: 2.06% Airbnb Rental Income: $1711 Traditional Rental Income: $1976 Airbnb ROI: 0.62% Traditional ROI: 2.06%
3186 Hwy 98 E #B-4 CARRABELLE, FL Experience coastal living at its finest in this 3-bedroom, 3.5-bathroom bayfront condo. Th...	3 beds \| 4 baths \| 2,088 sq.ft.	$399,000	Airbnb cash on cash: -0.68% Traditional cash on cash: 3.29% Airbnb Rental Income: $1711 Traditional Rental Income: $2721 Airbnb ROI: -0.68% Traditional ROI: 3.29%
433 River Rd CARRABELLE, FL Price Reduced ! ! This riverfront two-bedroom, two-and-a-half-bath home features stunning ...	2 beds \| 3 baths \| 1,764 sq.ft.	$799,000	Airbnb cash on cash: -0.03% Traditional cash on cash: 0.45% Airbnb Rental Income: $1995 Traditional Rental Income: $1833 Airbnb ROI: -0.03% Traditional ROI: 0.45%
107 Anglers Harbor Ln CARRABELLE, FL "Anglers Retreat" Located in Anglers Harbor, a small gated community on the Carrabelle Riv...	3 beds \| 4 baths \| 2,200 sq.ft.	$739,500	Airbnb cash on cash: -0.52% Traditional cash on cash: 3.01% Airbnb Rental Income: $1711 Traditional Rental Income: $3671 Airbnb ROI: -0.52% Traditional ROI: 3.01%
610 W 10th St CARRABELLE, FL NEW CONSTRUCTION! Discover modern coastal living in the heart of Carrabelle, Florida. This...	3 beds \| 2 baths \| 1,334 sq.ft.	$299,900	Airbnb cash on cash: 2.98% Traditional cash on cash: 6.23% Airbnb Rental Income: $1711 Traditional Rental Income: $2155 Airbnb ROI: 2.98% Traditional ROI: 6.23%
506 Tallahassee St CARRABELLE, FL Step back in time and discover the charm of Old Florida at 506 Tallahassee Street in the h...	3 beds \| 3 baths \| 1,073 sq.ft.	$285,000	Airbnb cash on cash: 2.07% Traditional cash on cash: 6.3% Airbnb Rental Income: $1711 Traditional Rental Income: $2374 Airbnb ROI: 2.07% Traditional ROI: 6.3%
1306 Owens Ave CARRABELLE, FL Built in 1986,remodeled in 2016, with numerous upgrades designed for comfort, convenience,...	3 beds \| 3 baths \| 1,445 sq.ft.	$365,900	Airbnb cash on cash: 1.45% Traditional cash on cash: 4.08% Airbnb Rental Income: $1711 Traditional Rental Income: $2139 Airbnb ROI: 1.45% Traditional ROI: 4.08%
903 Ave A #13 CARRABELLE, FL Welcome to coastal living in the heart of Carrabelle, Florida! This beautifully remodeled ...	3 beds \| 1 baths \| 802 sq.ft.	$239,000	Airbnb cash on cash: 1.24% Traditional cash on cash: 3.06% Airbnb Rental Income: $1711 Traditional Rental Income: $1649 Airbnb ROI: 1.24% Traditional ROI: 3.06%
2760 Hwy 98 W CARRABELLE, FL Step back in time and discover one of the Forgotten Coast's true hidden gems. Built in 193...	3 beds \| 2 baths \| 1,320 sq.ft.	$349,000	Airbnb cash on cash: 1.61% Traditional cash on cash: 5.24% Airbnb Rental Income: $1711 Traditional Rental Income: $2428 Airbnb ROI: 1.61% Traditional ROI: 5.24%

Real Estate investment in Carrabelle, FL

There are 46 properties for sale in the city of Carrabelle . The median list price in Carrabelle is $282,331 and the average price per square foot is $176. In September 2026, the average monthly cash on cash return in Carrabelle is 2.00%. The average monthly rental income in Carrabelle is $1,591.

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

There are 46 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 $1,995.

Your search for investment property begins and ends here

Investment Property for Sale in Carrabelle, FL

115 Timber Island rd #D

CARRABELLE, FL

3 beds | 3 baths | 1,368 sq.ft.

$430,000

Airbnb cash on cash: 0.75%

Traditional cash on cash: 3.57%

Airbnb Rental Income: $1711

Traditional Rental Income: $2372

Airbnb ROI: 0.75%

Traditional ROI: 3.57%

401 St James Ave #11

CARRABELLE, FL

2 beds | 3 baths | 1,024 sq.ft.

$285,000

Airbnb cash on cash: 2.74%

Traditional cash on cash: 5%

Airbnb Rental Income: $1995

Traditional Rental Income: $2079

Airbnb ROI: 2.74%

Traditional ROI: 5%

2904 Hidden Beaches Rd

CARRABELLE, FL

4 beds | 4 baths | 6,443 sq.ft.

$2,899,000

Airbnb cash on cash: 0.77%

Traditional cash on cash: 0.42%

Airbnb Rental Income: $7167

Traditional Rental Income: $4838

Airbnb ROI: 0.77%

Traditional ROI: 0.42%

357 Pirates Landing Dr

CARRABELLE, FL

1 beds | 2 baths | 776 sq.ft.

$256,900

Airbnb cash on cash: -1.29%

Traditional cash on cash: 3.13%

Airbnb Rental Income: $986

Traditional Rental Income: $1704

Airbnb ROI: -1.29%

Traditional ROI: 3.13%

272 Lake McKissack Lane

CARRABELLE, FL

3 beds | 2 baths | 1,161 sq.ft.

$363,900

Airbnb cash on cash: 1.21%

Traditional cash on cash: 3.85%

Airbnb Rental Income: $1711

Traditional Rental Income: $2138

Airbnb ROI: 1.21%

Traditional ROI: 3.85%

219 Ante-beppum Loop

CARRABELLE, FL

2 beds | 2 baths | 1,176 sq.ft.

$299,000

Airbnb cash on cash: 2.8%

Traditional cash on cash: 2.3%

Airbnb Rental Income: $1995

Traditional Rental Income: $1333

Airbnb ROI: 2.8%

Traditional ROI: 2.3%

115 Timber Island Rd

CARRABELLE, FL

3 beds | 3 baths | 1,368 sq.ft.

$430,000

Airbnb cash on cash: 0.96%

Traditional cash on cash: 3.89%

Airbnb Rental Income: $1711

Traditional Rental Income: $2415

Airbnb ROI: 0.96%

Traditional ROI: 3.89%

117 Osprey

CARRABELLE, FL

3 beds | 3 baths | 2,155 sq.ft.

$1,400,000

Airbnb cash on cash: -0.68%

Traditional cash on cash: 0.99%

Airbnb Rental Income: $1711

Traditional Rental Income: $3412

Airbnb ROI: -0.68%