2492 Highway 98 East
Carrabelle, FL, 32322 $ 825,000
Bedrooms3 Baths2.0 Sq 1,600 Monthly Estimate*
$ 5,080
for $825,000 with 3 bedrooms and 2 full baths. This 1,600 square foot home was built in 1984 on a lot size of 0.36.
Welcome to 2492 Highway 98 East in Carrabelle, Florida—a rare waterfront retreat on Florida’s Forgotten Coast where the views are wide open, the boating is effortless, and everyday life feels like a getaway. Affectionately known as No Wake Zone, this beautifully updated coastal home offers the kind of setting buyers are searching for when they ask for a luxury waterfront home in Carrabelle with a dock, boat lift, a rare deep lot and panoramic Gulf views. From the moment you arrive, the open-water setting makes an impression. Inside, the home is bright, inviting, and designed to make the most of its incredible surroundings. The modern kitchen opens into a spacious floorplan with generous dining and living areas, creating an easy, conversational flow that feels both comfortable and refined. One side of the living space is perfect for gathering with family and friends, while the other is anchored by a relaxing sitting area positioned to soak in sweeping views of the Gulf of America. With 3 bedrooms, 2 bathrooms, and approximately 1,600 square feet, this home offers the ideal balance of comfort, function, and waterfront charm. The primary suite is a true retreat, with glass doors that welcome in expansive water views and an oversized en-suite bath that adds to the home’s sense of privacy and relaxation. Pride of ownership is evident throughout, and with most furnishings included, this is a rare opportunity to step into a move-in-ready waterfront home on the Forgotten Coast. Outside is where No Wake Zone truly shines. A 200-foot dock with boat lift offers exceptional access for boaters, anglers, and anyone who wants the water just steps away. The generous grass yard stretches to the shoreline, creating an unusually usable outdoor space for a waterfront property. Beneath the home, the large screened entertaining area is set up for the coastal lifestyle buyers dream about, complete with an outdoor kitchen, bar, and dining space made for fresh seafood dinners, game-day gatherings, and long sunset evenings. A natural feature that makes this property even more special is Bird Island, the sandbar just offshore that not only adds to the view, but also provides a measure of protection from storms that many open-water properties simply do not have. In addition to your private boat lift, boaters will appreciate the public boat ramp only about half a mile away. Dog Island, featuring THE most private beaches on the Forgotten Coast, is just a short 12-minute boat ride from your dock for beach days, shelling, fishing, and peaceful walks on uncrowded shores. The charming fishing village of Carrabelle is only five minutes away, while St. George Island and Apalachicola are an easy drive west. Rarely does a waterfront property offer this combination of open-water views, luxury finishes, private dockage, outdoor living, and easy access to the best of the Forgotten Coast. No Wake Zone is more than a home—it’s a lifestyle.
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FeaturesGeneralLiving Area 1600.0
Sewer PublicSewer
Heating Central Electric HeatPump
Cooling CentralAir CeilingFans Electric HeatPump
Appliances Dryer IceMaker Microwave Oven Range Refrigerator Washer
HOA Fee 0.0
Architectural Style Cottage OneStory
Construction Materials FiberCement
Year Built 1984
View Bay Gulf
Stories Count 1
Property Subtype Detached
Waterfront Features BayAccess Gulf
County Franklin
New Construction N
Property Type Residential
HOA N
Attached Garage N
Subdivision Name GULF WYNN
Garage Y/N N
Full Baths 2
Special Listing Conditions Standard
Status Active
Directions Highway 98E. Home 1/2 mile east of Lanark Market & boat ramp on water side of Hwy 98
High School Franklin County High School
City Carrabelle
Disclosures OwnerIsListingAgent
Senior Community Y/N N
MLS Area Franklin
Carport Spaces 3.0
Carport Y/N Y
Listing Terms Cash Conventional
Elementary School OTHER COUNTY
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 2465.0
Home Warranty Y/N N
Middle/Junior High School Franklin County Middle School
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.hommati.com/3DTour-AerialVideo/unbranded/2492-Hwy-98-E-Carrabelle-Fl-32322--HPI69848187
Standard Status Active
Tax Lot 15
Property Sub Type Additional Detached SingleFamilyResidence
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InteriorInterior Amenities SplitBedrooms
Flooring Hardwood
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Total Bedrooms 3
Room Type UtilityRoom
Total Baths 2
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ExteriorExterior Amenities OutdoorKitchen
Parking Features Carport ThreeOrMoreSpaces
Spa N
Building Area Total 1600.0
Lot Dimensions 245x60x246x60
Lot Size Acres 0.36
Private Pool N
Waterfront Y/N Y
Crops Included Y/N N
Road Responsibility PublicMaintainedRoad
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByBeach Properties Of FloridaBroker
Affordability Calculator
- Monthly Principal & Interest
- $5,080
- Monthly Property Taxes
- $205
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Carrabelle, FL
Average List Price $425,138
Percent of Sale Price 48%
About Carrabelle, FL 3,142 Population
127% Since 2002
$ 32,827 Median Income
36.68 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
3571023 Elementary School
3570944 Middle School
Franklin County High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/6/2026 | $825,000 | | Listed Price |