Riverfront Living at the Carrabelle Boat Club Welcome to your slice of coastal paradise! This beautiful 3-bedroom, 3-bath home sits right on the Carrabelle River, offering stunning water views and direct access to the Gulf. Enjoy mornings on the porch watching boats pass, and evenings soaking in unforgettable sunsets over the water. Inside, you'll find spacious open-concept living, a bright kitchen, and plenty of room for entertaining family and friends. With potential membership at the Carrabelle Boat Club, your boating lifestyle couldn't be easier — launch, dock, and go explore the best of Florida's Forgotten Coast. Whether you're seeking a peaceful full-time residence, a weekend escape, or an investment opportunity, this riverfront gem offers it all.
Imagine living in a waterfront townhome with wide open views of the Carrabelle River and the Gulf of Mexico. .. . Imagine your boat right outside your door ready for the 5-minute ride to the Gulf. .. Imagine no more with this rare opportunity. to own a waterfront 2 bedroom/3 bath townhome WITH a membership to the Carrabelle Boat Club next door included. This townhome features long range views of Carrabelle Harbor, an open floor plan on the main living level, two generous screened porches overlooking the water, a 3-zone HVAC system and so much more. It's getting increasingly hard to find waterfront properties at this price point. These townhomes rarely come to market and this one won't last! H/O, Fire & Wind premium: $1798/Flood premium: $809
CATRS #228002
Nov 30, 2012
Listing Removed
—
Aug 1, 2012
Listed
$649,000
$474/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,565 (+7.6%)
2024
$3,312 (+21.8%)
2023
$2,719 (−1.5%)
$2 + $160,000
$160,002
2022
$2,761 (−8.9%)
$2 + $160,000
$160,002
2021
$3,030 (−6.4%)
$2 + $160,000
$160,002
2020
$3,237 (−0.3%)
$2 + $160,000
$160,002
2019
$3,246 (+3.4%)
2018
$3,140 (+13.9%)
2017
$2,756 (+0.5%)
$2 + $130,000
$130,002
2016
$2,742 (−0.8%)
$2 + $130,000
$130,002
2014
$2,765
$2 + $130,000
$130,002
Public record
Beds
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
1,025 Sq. Ft.
Year renovated
2011
Finished Sq. Ft.
1,368
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,368
Year built
2011
Style
Townhouse
County
Franklin County
APN
1907S04W00000280002F
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 24, 2026.
Climate risks
10/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
10/10 Heat Factor
7 days above 108° expected this year, 21 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Carrabelle, FL • 32322
Average low and high temperatures (°F)
60
40
66
49
72
55
77
61
82
69
87
74
90
77
88
76
85
73
80
63
73
57
65
47
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
97/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.7 hrs
6.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 115 Timber Island Rd
There isn’t enough information to generate an accurate estimate at this time. Learn More
More resources
Rental earnings
Est. $2,683 per month, based on comparable rentals