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$240,000
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Property Description
PRICE ADJUSTED-Own a piece of Carrabelle History. 2 commercial lots located one block off major US Hwy 98. A staple in the City of Carrabelle - The Magnolia Club. Includes the commercial building on Lot 10 and the vacant Lot 9 Don't miss this opportunity to run a business in the existing building while exploring the possibility of expansion or investment in the adjacent vacant lot. The Magnolia Club was a thriving bar and pool hall originally built in 1977 until the owner retired in the early 2000's. The building is concrete block with endless possibilities. Located just minutes from downtown Carrabelle. Minutes away from Carrabelle Beach. Ten-minute drive to golf course. Thirty-minute drive to the white sand beaches of St. George Island. Minutes from Lighthouse, Museums, Restaurants, and shopping. One hour drive to Tallahassee.
Full Property Details
Full Property Details for 307 SE 7th St
General
- Price: $240,000
- Taxes: $970 (2021)
- Status: Active
- Type: Commercial
- Source: 933
- MLS ID: 310938
- Updated: 5/13/2026
- Added to Site: 1, 481 day(s) ago
Interior
- Furnishings: Unfurnished
- Flooring: Vinyl
Location
- Area: Carrabelle
- Subdivision: Kellys Plat
- Driving Directions: From US Hwy 98 turn onto 7th Street East. First green concrete block building on the right. One block off US Highway 98!
Heating & Cooling
- Cooling Type: None
- Heating Type: Floor Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Phone Available, Sewer Available, Water Available, Internet Available, Propane
Structural Information
- Description/Design: Restrooms: Public, Established Business, Freestanding Building, Sign
- Construction Status: Construction Complete
- Exterior Const.: Concrete, Block
- Roof: Shingle
- Ceiling Height: 8
- Stories/Levels: 1
- Living Area: 1,412 Sq. Ft.
- Year Built: 1977
Unit Information
- Occupancy Rate: Vacant
Lot Features
- Lot Dimensions: 102 x 100
Financial Considerations
- Tax Amount: $970
- Tax Year: 2021
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: Lots 9 & 10 Blk 11 50, Kelly's Plat, City of Carrabelle
- Property ID: 29-07S-04W-4200-0011-0100
- Block/Lot/Section: Lots 9&10, B11 50
Listed by Berkshire Hathaway HomeServices - SGI
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Schools
Schools serving 307 SE 7th St
School District:Franklin County School District, Eastpoint, FL
| Name | Grades | Distance |
|---|---|---|
Franklin County Schools Pk-12 1250 U.S. 98, Eastpoint, FL 32328 | PK-12 | 11.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 307 SE 7th St
Date
Details
Price
Change
Source
5/21/2025
Price Reduced
$240,000
-2.04%
MLS
12/02/2024
Price Reduced
$245,000
-2%
MLS
9/22/2023
Price Reduced
$250,000
-10.71%
MLS
2/22/2023
Price Reduced
$280,000
-6.67%
MLS
9/30/2022
Price Reduced
$299,999
-7.41%
MLS
7/19/2022
Price Reduced
$324,000
-5.4%
MLS
5/04/2022
Listed
$342,500
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 307 SE 7th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$860
-7%
$51,298
-13%
2024
$923
69%
$59,256
67%
2023
$545
6%
$35,456
19%
2022
$513
-9%
$29,706
—
2021
$563
—
$29,706
8%
2019
$563
-3%
$27,406
—
2018
$582
10%
$27,364
10%
2017
$527
—
$24,876
—
2016
$525
—
$24,876
—
2015
$526
-27%
$24,876
-26%
2014
$720
2%
$33,843
—
2013
$709
—
$33,843
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 307 SE 7th St
307 SE 7th St, Carrabelle, FL 32322 (MLS# 310938) is a Commercial property. 307 SE 7th St is currently listed for $240,000 and was received on May 04, 2022. Want to learn more about 307 SE 7th St? Do you have questions about finding other Commercial real estate for sale in Carrabelle? You can browse all Carrabelle real estate or contact a Coldwell Banker agent to request more information.

