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1002 Gulf Ave, Carrabelle, FL, 32322

5beds
2baths
3,402sqft
$675,000
$198price/sqft
$4,377/moest. monthly cost
$175,080/yrincome needed

About This Home

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

Getting Around

17
WalkingCar-Dependent
0
TransitVery Limited Transit
30
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1974

Materials

  • Roof: Metal

Type & Style

  • Home type: SingleFamily

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Microwave,Range / Oven,Refrigerator,Washer

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Flooring: Tile,Hardwood
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced air,Electric
  • Cooling features: Central

Interior Area

  • Total interior livable area: 3,402 sqft

Property

Features

  • Exterior features: Stone,Wood,Brick
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes

Parking

  • Total spaces: 2
  • Parking features: Garage - Attached