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510 W 8th St, Carrabelle, FL 32322

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For Sale

$995,000

8 beds • 4 baths • 4 half baths • 4,672 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Townhouse
    Property type

  • $212.97
    Price per square foot

  • 41-50 Years Old
    Age

Explore this Property

Presenting Rivers Rae, a premium multi-unit investment property offering unparalleled potential for both long-term stability and high-income short-term rental returns. Nestled in the quiet, scenic town of Carrabelle on Florida's Forgotten Coast, this completely renovated four-unit townhome building is perfect for savvy investors. With modern upgrades, high rental income potential, and a location that appeals to beach lovers, outdoor enthusiasts, and vacationers, Rivers Rae is an exceptional opportunity for growth. Renovations: all new electric, plumbing, windows, exterior and interior doors, lighting, water heaters, bathrooms, luxury vinyl plank flooring. Newly configured Eat-in-Kitchen with breakfast bar, appliance packages that include dishwasher, stove, microwave and refrigerators with solid surface countertops over clean white cabinetry. Crown molding, recessed lighting, neutral tones, and tall vanities add sophistication and comfort. Inviting backyards with covered patio and privacy fencing. All units are fully furnished and turnkey ready for short term or long-term rentals. 2025 bookings at $96,500. Schedule a tour today!
MLS# 320794

Courtesy Of Coastal Realty Group

(850) 227-7770

Property Features

  • Age
    41-50 Years Old
  • Appliances
    Dishwasher, Dryer, Garbage Disposer, Ice Maker, Microwave, Refrigerator, Washer
  • Architecture Style
    Other
  • Exterior Type
    Block, Concrete
  • Floor Covering
    Vinyl
  • Lot Size
    0.25 Acres
  • Rooms
    Family Room, Kitchen

Map and Directions

Directions to 510 W 8th St, Carrabelle, FL 32322

Home seller CENTURY 21 First Story Real Estate

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 First Story Real Estate

(850) 727-0066
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 Realtor® Association of Franklin & Gulf Counties. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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. Information being provided is 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.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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