Active

2526 Palmetto Terrace

Carrabelle, FL 32322
Mark as Favorite
Bed 3

Bed

Bath 2

Bath

SqFt1,032

Sqft

Acres0.23

Acre(Lot)

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 r enovation 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.

Read More Expand

Detail Ic Property Details

Property Type : Residential

Price : $145,000

AD Id : 75977550

MLS Id : 397003

Beds : 3

Lot Size : 0.23 Acre

Living Area Size : 1,032

Year Built : 1960

County : Franklin

Subdivision: Maple Ridge

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Total Baths: 2 Full Baths: 2
  • Interior Features

    Appliances: Oven
  • Heating & Cooling

    Has Cooling: Yes Cooling: CeilingFans, WallWindowUnits

  • Building Information

    Year Built: 1960
    Building Area Total: 1032
    Construction Materials: VinylSiding
    Stories: 1
    Patio And Porch Features: Covered, Porch
    Private Pool: No
    View: None

  • Lot Information

    Lot Dimensions: 170x60x170x60 Lot Size Acres: 0.23

    Property Information

    Subdivision: Gulf Terrace Source Property Type: Residential Property SubType: Detached Property Age: 66

  • Listing Price Information

    Listing Price: $145000
    Original Price: $155000
    Conventional, FHA, OwnerMayCarry, Other

  • Tax Information

    Tax Lot: 10 Tax Block: 2

  • School Information

    Elementary School: OTHER COUNTY Junior High School: Franklin County Middle School Senior High School: Franklin County High School
  • Location Information

    Direction: Hwy 98 to Franklin St, then right on Palmetto Terrace; home on right.
Sell a home like this and save $8,201 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3150 Highway 98, Carrabelle, FL, 32322 $550,000 3 2 1,116 1,116 SqFt
3045 E 98 Highway, Carrabelle, FL, 32322 $435,000 3 2 1,536 1,536 SqFt
3077 Hwy 98 East, Carrabelle, FL, 32322 $519,000 4 3 2,700 2,700 SqFt
316 Royal Tern Way, Carrabelle, FL, 32322 $44,000 -- -- --
164 Royal Tern Way, Carrabelle, FL, 32322 $58,000 -- -- --
305 Royal Tern Way, Carrabelle, FL, 32322 $59,000 -- -- --
131-137 White Pelican Way, Carrabelle, FL, 32322 $129,000 -- -- --
130 & 134 White Pelican.., Carrabelle, FL, 32322 $78,000 -- -- --
396 Royal Tern Way, Carrabelle, FL, 32322 $425,000 3 2 1,800 1,800 SqFt
396 Royal Tern Way, Carrabelle, FL, 32322 $435,000 3 2 1,800 1,800 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 06/11/2026 @ 07:59

MLS: 397003 LISTED BY: Angela Nichols, Coastwise Realty 850-926-8038 SOURCE: TBRMLS

Selling? Save $8,201 when you sell a home like this

Tour with a ByOwner Agent