510 W 8th St #1,2,3,4, Carrabelle, FL 32322
Local realty services provided by:ERA Neubauer Real Estate, Inc.



Listed by:beth embert
Office:coastal realty group-carrabelle
MLS#:320811
Source:FL_RAFGC
Price summary
- Price:$995,000
- Price per sq. ft.:$212.97
About this home
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 are at $99,500. Schedule a tour today!
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Home facts
- Year built:1981
- Listing Id #:320811
- Added:191 day(s) ago
- Updated:July 05, 2025 at 02:53 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:8
- Full bathrooms:4
- Half bathrooms:4
- Living area:4,672 sq. ft.
Heating and cooling
- Cooling:Central Electric, Heat Pump
Structure and exterior
- Roof:Shingle
- Year built:1981
- Building area:4,672 sq. ft.
- Lot area:0.25 Acres
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$995,000
- Price per sq. ft.:$212.97
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