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2526 Palmetto Terrace, 
Carrabelle, FL 32322

$125,000


3

Beds


2

Baths


1,032

Sq Ft


Single Family

Sold

Listed by

Angela Nichols

Bought with Coastwise Realty

Coastwise Realty

850-926-8038

MLS#

397003

Source:

FL TBR

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About This Home

2526 Palmetto Terrace

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. Price reflects the home’s as-is condition and opportunity for the new owner to customize finishes to their style. 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 renovation 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 down payment and terms for qualified buyers, offering flexibility for those seeking an alternative to traditional lending.

Home Facts

Single Family

2 Baths

3 Bedrooms

Built in 1960

Subdivision & Development:

Gulf Terrace

Price Summary

125,000

$121 per Sq. Ft.

MLS #:

397003

Sold:

August 6, 2026


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

1,032 Sq. Ft.


Structure

Structure

Architectural Style:

Cottage

Building Area:

1,032 Sq. Ft.

Year Built:

1960


Lot

Lot Size (Sq. Ft):

10,018


Finances & Disclosures

Finances

Price:

$125,000

Price per Sq. Ft:

$121 per Sq. Ft.

Source:FL TBR
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