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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.

Highlights

  • Residential
  • Single Family Residence
  • Built in 1984
  • 0.36 Acre Lot
  • Waterfront
  • 217 days on Market

  • Bedrooms
    3
  • Bathrooms
    2
  • Year Built
    1984
  • Stories
    1.0
  • Architectural Style
    Cottage, One Story
  • Construction Materials
    Fiber Cement
  • Living Area
    1600.0
  • Appliances
    Dryer, Microwave, Refrigerator, Washer, Range, Oven, Ice Maker
  • Flooring
    Hardwood
  • Exterior Features
    Outdoor Kitchen
  • Cooling
    Ceiling Fan(s), Central Air, Electric, Heat Pump
  • Heating
    Electric, Heat Pump, Central

  • Acres
    0.36
  • Lot Features
    Waterfront
  • Water Front
    Yes
  • View
    Ocean, Bay

  • Area
    Franklin
  • County
    Franklin
  • City
    Carrabelle
  • Neighborhood
    GULF WYNN
  • Zip Code
    32322
  • High School
    Franklin County High School
  • Middle School
    Franklin County Middle School
  • Elementary School
    OTHER COUNTY

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Frequently Asked Questions

How do I schedule a tour of 2492 Highway 98?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 2492 Highway 98.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 2492 Highway 98?

Click Ask a Question to talk with our team. You already know it is a 3 bed, 2 bath, listed for $799,000. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Carrabelle, and can even get you in to see the property quickly.

How do I get a virtual tour of 2492 Highway 98?

Yes! A virtual tour is available for 2492 Highway 98. Click here to view the full walkthrough and explore every room at your own pace. If you would like a guided virtual showing or have questions along the way, we can connect you with our local expert to walk you through it live.

How much is the monthly mortgage payment for 2492 Highway 98?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 2492 Highway 98 at around $4,752. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 2492 Highway 98?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Franklin County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 2492 Highway 98?

In most cases, yes. Whether 2492 Highway 98 is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Carrabelle's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 2492 Highway 98?

We can handle that for you. Our preferred local agent specializes in residentials in Carrabelle and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $799,000 with 1,600 sqft of space—that comes out to approximately $499 per square foot.

How long has this property been on the market?

2492 Highway 98 was listed on April 06, 2026, which means it's been on the market for 217 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1984, making it approximately 42 years old.

What is the lot size of this property?

2492 Highway 98 sits on a 0.36-acre lot, which is 15,682 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: OTHER COUNTY
  • Middle: Franklin County Middle School
  • High: Franklin County High School

Want to see how these schools compare? Check out our Franklin County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for 2492 Highway 98?

The most recent public record shows annual property taxes for 2492 Highway 98 were approximately $2,465. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 2492 Highway 98 still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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