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About This Home

This 3-bedroom, 2-bathroom single family at 2526 Palmetto Terrace in Carrabelle, FL is listed for $145,000 ($141 per sqft). Built in 1960, the home offers 1,032 sqft of living space on a 0.23 acres lot.

Agent Description

This 3-bedroom, 2-bath 1960 cottage offers a simple, comfortable coastal retreat on a quiet paved street. Just minutes from the Lanark Marina and the beauty of the Forgotten Coast, it works well as a full-time home, a weekend getaway, or an investment rental.

It has served as a steady long-term rental for several years and is now vacant and sold as-is, giving the next owner a chance to update and add value. The interior has been freshly painted and the old carpet removed, giving the home a cleaner starting point.

The living room's original hardwood floors add character, while the master features vinyl plank for easy maintenance. The secondary bedrooms still have their existing linoleum, offering an opportunity for the new owner to choose the flooring style they prefer.

The main bathroom renovation was started and will need finishing, and the laundry room includes an added full bath with a stand-up shower. The home sits high and dry with city water and sewer. Outside, the fenced backyard offers room to enjoy the outdoors, along with a two-story playhouse that can serve as a fun spot for kids or additional storage.

With its coastal location, rental history, and as-is pricing, this cottage is ready for your updates and personal touch. Seller will consider seller financing with 20% down for qualified buyers, offering flexibility for those seeking an alternative to traditional lending.

Key Features

  • Built in 1960
  • 0.23 acre lot

Property Details

1 story
2 full
1960

Amenities

A/C

Monthly Cost Estimate

$775/mo

20% down · 6.5% · 30 years

Principal$105
Interest$628
Insurance$42

Estimates only. Actual payments may vary.

Location

2526 Palmetto Terrace

Carrabelle, FL 32322-3521

Gulf Terrace

Property Details

Construction

VinylSiding

Pool Features

Porch

Parking

Driveway

Cooling

Ceiling Fan(s)Window Unit(s)

Appliances

Oven

Questions & Answers

This 3-bedroom, 2-bathroom single family at 2526 Palmetto Terrace is listed at $145,000 ($141/sqft). The estimated monthly payment is $628 based on 20% down at 6.5% interest.

Key features include: Built in 1960, 0.23 acre lot.

This property is listed by Angela Nichols and can be reached at 8502743557 or nicholsa@live.com.

AN

Angela Nichols

Agent at Coastwise Realty

(850) 274-3557

Listed by Coastwise Realty · View on Broker Site

MLS# 397003· Source: listhub· Updated 95 days ago

Copyright © 2026 Tallahassee Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2526 Palmetto Terrace, Carrabelle, FL 32322-3521

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