27
Map
Listing Courtesy of: HABIB M OSTA, Presidential Realty, Inc., 770-331-7099
$489,000
●
House -
In Contract
3077 Hwy 98 East
Carrabelle, FL 32322
4 Beds
2 Baths,
1
Half Bath
2,700 Ft²
$2,582
Est. Monthly
5.07%
Cap Rate
About This Property
Enjoy a stunning view of the Gulf of America from the front porch
of this four sided solid concrete ranch-style home, which features
a circular driveway for easy access for all ages. There's plenty of
parking space for vehicles and boats. The house is located just one
mile from St. James Guld Course, the house offers seclusion and
tranquility, making it an ideal vacation spot to relax and enjoy
the beach. It has a pool table next to the living room for
entertainment and fenced back yard for privacy and for kids' safety.
The house is very accessible, with no steps. It is a ranch style home.
A new roof was installed in 2022, kitchen and bathrooms were fully remodeled in 2025. The house features ceiling fans in every room and comfortably sleeps at least 10 people.
Saint James Bay Golf course & Pickleball Resort in one (1) mile far from the house.
The house is very accessible, with no steps. It is a ranch style home.
A new roof was installed in 2022, kitchen and bathrooms were fully remodeled in 2025. The house features ceiling fans in every room and comfortably sleeps at least 10 people.
Saint James Bay Golf course & Pickleball Resort in one (1) mile far from the house.
Unit Size
2,700 Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$181
Property Type
House
Property Taxes
$180
HOA Dues
-
Year Built
1977
Listed By
HABIB M OSTA
Presidential Realty, Inc.
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 months ago (FMLS #7590637)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 26, 2026 | In contract | - | |
| In contract | |||
| Jul 27, 2026 | Price Decreased |
$489,000
↓ $10K
(2%) | |
| Price Decreased | |||
| Jun 25, 2026 | Price Decreased |
$499,000
↓ $20K
(3.9%) | |
| Price Decreased | |||
| Jun 4, 2026 | Price Decreased |
$519,000
↓ $6K
(1.1%) | |
| Price Decreased | |||
| Mar 8, 2026 | Price Decreased |
$525,000
↓ $4K
(0.8%) | |
| Price Decreased | |||
Show More
Property Highlights
Air Conditioning
Fireplace
With View
Parking Details
Has Open Parking
Parking Features: Driveway
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: High Speed Internet, Other
Appliances: Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Self Cleaning Oven, Washer
Flooring Type: Ceramic Tile
Laundry Features: Electric Dryer Hookup, Laundry Room, Main Level
Fireplace Features: None
Basement: None
Exterior Details
Square Footage: 2700
Security Features: Smoke Detector(s)
Property Condition: Resale
Architectural Style: Beach House
Year Built: 1977
Waterfront Features: Bay Access, Gulf Front
Waterbody Name: None
Building Area Total: 2700
Levels: One
Other Structures: None
Window Features: Aluminum Frames
Construction Materials: Block, Concrete
Patio and Porch Features: Front Porch, Patio
Pool Features: None
Lot Features: Back Yard, Landscaped, Level
Lot Size Area: 18730.8
Lot Size Units: Square Feet
Lot Size Acres: 0.43
Lot Size Square Feet: 18730.8
Lot Size Dimensions: X
Water Source: Public
Financial Details
Tax Annual Amount: $2,160
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Central
Sewer : Septic Tank
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Franklin
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Listed by: HABIB M OSTA, Presidential Realty, Inc.
Last Updated: 2 months ago
Data Source: FMLS, MLS# 7590637
Last Updated: 2 months ago
Data Source: FMLS, MLS# 7590637
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