$430,000
●
House -
Off Market
897 Mill Road
Carrabelle, FL 32322
3 Beds
3 Baths
2,028 Ft²
$520,669
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model
About This Property
Old Florida charm awaits you. This riverfront home with Gulf of
Mexico access is a 3 bed 3 bath. Split plan, 2 master bedrooms and
1 guest room. Open concept kitchen/living/dining room with
fireplace. Plenty of outdoor living too - large screened patio with
jacuzzi, outdoor kitchen, 2nd story sundeck, lower deck offers a
screened fish house. Keep your boat ready to go on the boat lift
with surrounding 10 x 40 wraparound dock and fish cleaning station.
Home offers a shop and RV barn to keep the toys. Gorgeous view of
river and forest. Easy to show! 2020 Samsung
refrigerator/dishwasher.
Unit Size
2,028 Ft²
Days on Market
419 days
Land Size
1.00 acres
Price per sqft
$219
Property Type
House
Property Taxes
$192
HOA Dues
-
Year Built
1998
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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: 5 months ago (Beaches MLS #R10617216)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 20, 2024 | No longer available | - | |
| No longer available | |||
| Jan 6, 2024 | In contract | - | |
| In contract | |||
| Dec 1, 2023 | Listed by SEA CREST REAL ESTATE, INC | $625,000 | |
| Listed by SEA CREST REAL ESTATE, INC | |||
| | |||
|
You have found your river front home. Home sits on one acre. It has two master bedrooms and one guest bedroom. Big walk in closets. Vaulted ceilings and stone fireplace. Open concept kitchen/ living and dining room. Lots of storage. There is a screened in porch in front and back. Has deep water access to Gulf. Dock has boat lift with surrounding 10 X 40 wrap around deck with fish cleaning station. Great sun deck on dock. Huge garage and workshop. This home would be great for entertaining your friends and family.. Tate's Hell is across the River. Beautiful views of the river and the forest. if you like peace and tranquility come see this home today. The manager has listed the unit size as 2605 square feet.
| |||
| Nov 25, 2023 | No longer available | - | |
| No longer available | |||
| Apr 26, 2023 | Listed by SEA CREST REAL ESTATE, INC | $625,000 | |
| Listed by SEA CREST REAL ESTATE, INC | |||
| | |||
|
You have found your river front home. Home sits on one acre. It has two master bedrooms and one guest bedroom. Big walk in closets. Vaulted ceilings and stone fireplace. Open concept kitchen/ living and dining room. Lots of storage. There is a screened in porch in front and back. Has deep water access to Gulf. Dock has boat lift with surrounding 10 X 40 wrap around deck with fish cleaning station. Great sun deck on dock. Huge garage and workshop. This home would be great for entertaining your friends and family.. Tate's Hell is across the River. Beautiful views of the river and the forest. if you like peace and tranquility come see this home today. The manager has listed the unit size as 2605 square feet.
| |||
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Property Highlights
Parking Available
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Franklin
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Listed by: Julie Martin
Real Estate Expo Inc
Last Updated: 5 months ago
Data Source: Beaches MLS, MLS# R10617216
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.
Real Estate Expo Inc
Last Updated: 5 months ago
Data Source: Beaches MLS, MLS# R10617216
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