4046 S Blair Stone Road, Tallahassee, FL 32311
Local realty services provided by:CENTURY 21 First Story Real Estate
4046 S Blair Stone Road,Tallahassee, FL 32311
$475,000
- 3 Beds
- 2 Baths
- 2,177 sq. ft.
- Single family
- Active
Listed by: christopher worth
Office: keller williams town & country
MLS#:401312
Source:FL_TBR
Price summary
- Price:$475,000
- Price per sq. ft.:$218.19
About this home
What if your next home came with a 2.8% mortgage and $1,200 per month in income? This SouthWood property may offer exactly that. The new owner may be able to assume the existing 2.8% mortgage—a rate well below today's market—while the detached carriage house already generates $1,200 per month from a long-term tenant of five years. That's a below-market interest rate and built-in income from day one. Most buyers have to choose between a lower payment and investment potential. Here, you may be able to enjoy both. The main home offers 4 bedrooms, 3 bathrooms, and 2,177 square feet of bright, open living space with new hardwood floors (2025), a cozy fireplace, a new water heater, and HVAC approximately four years old. Move-in ready, with many of the major updates already completed. But the real value isn't just inside the home—it's what the property makes possible. Continue collecting rental income from the detached carriage house, or use it as a guest house, ADU, mother-in-law suite, private home office, multigenerational living space, or housing for a returning college student. Less financial pressure. More flexibility. More options. Step outside to a private deck overlooking your own backyard orchard with apple, peach, orange, and lemon trees. Located in one of Tallahassee's most sought-after communities, SouthWood offers resort-style pools, parks, playgrounds, miles of walking and biking trails, golf course access, and convenient access to shopping, dining, and downtown Tallahassee. Zoned for Conley Elementary, Fairview Middle School, and Florida High/Rickards High School. Homes with assumable mortgages are rare. Homes with rental income are rare. Finding both in SouthWood is even rarer....
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Home facts
- Year built:2005
- Listing ID #:401312
- Added:1 day(s) ago
- Updated:June 17, 2026 at 12:46 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Kitchen Description:Dishwasher, Disposal, Ice Maker, Microwave, Refrigerator, Stove
- Living area:2,177 sq. ft.
Structure and exterior
- Year built:2005
- Building area:2,177 sq. ft.
- Lot area:0.15 Acres
- Architectural Style:Traditional
- Exterior Features:Deck, Fully Fenced, Sprinkler Irrigation
Schools
- High school:Florida High/Rickards
- Middle school:Florida High/Fairview
- Elementary school:CONLEY ELEMENTARY
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$475,000
- Price per sq. ft.:$218.19
- Tax amount:$5,357
Features and amenities
- Laundry features:Dryer, Washer
- Amenities:High Ceilings, Security System Owned, Window Treatments
Parking
- Parking description:Garage, Two Car Garage
- Garage:Yes
- Garage spaces:2
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