Gulf Beaches Homes under $500,000

Gulf Beaches Homes under $500,000

Welcome to Gulf Beaches, a hidden gem nestled on the stunning St. George Island in Franklin County, Florida. This picturesque subdivision offers a perfect blend of coastal charm and laid-back living, making it an ideal destination for families, retirees, and anyone seeking a slice of paradise. With its pristine white sandy beaches and crystal-clear waters, Gulf Beaches is the perfect backdrop for your dream home.

One of the most appealing aspects of this vibrant community is the availability of homes priced under $500,000. Here, you can find a variety of properties that suit different lifestyles and preferences, from cozy beach cottages to modern family homes. Each residence is thoughtfully designed to capture the essence of island living, with many featuring open floor plans, spacious decks for entertaining, and easy access to the beach.

Living in Gulf Beaches means embracing a relaxed lifestyle where outdoor adventures await at every turn. Spend your days soaking up the sun on the beach, fishing in the Gulf, or exploring the nearby state parks. The community is also known for its friendly atmosphere and a strong sense of camaraderie among residents, making it easy to feel right at home.

Whether you're looking to invest in a vacation getaway or a permanent residence, Gulf Beaches offers an incredible opportunity to enjoy life on the coast without breaking the bank. Discover the charm of this beautiful subdivision and start your journey to coastal living today!

Newest Gulf Beaches Homes under $500,000

633 E Gorrie Dr Unit 1, St. George Island
$449,000
3 Beds ⋅ 1 Baths ⋅ 329388 MLS
Here is your chance to own a piece of paradise just steps from the beach for under $450,000! This fully renovated 3-bedroom, 1-bathroom first-tier condo is located less than 100 feet from the beach and offers an incredible combination of location, upgrades, and value. The seller has already done the hard work, so you can simply enjoy the rewards. Recent improvements include LVP flooring, beautiful white pine ceilings, a recently painted interior, an updated tiled shower, a new roof installed in 2025, hurricane-impact windows and doors, and a new shared aerobic septic system. The $550 monthly HOA includes wind, fire, and flood insurance, helping make ownership simple and predictable. Whether you're looking for a beach getaway, vacation rental, or a combination of both, this property offers exceptional value this close to the Gulf. Don't miss your opportunity to own a renovated beach property less than 100 feet from the sand!

633 E Gorrie Dr Unit 1, St. George Island
316 W Pine Ave, St. George Island
$399,000
3 Beds ⋅ 3 Baths ⋅ 329202 MLS
RARE GROUND-LEVEL SGI FIXER-UPPER WITH SERIOUS POTENTIAL! Just two blocks from the heart of downtown St. George Island, this tucked-away island bungalow is the kind of opportunity that doesn't come around often. Walk, bike or golf cart to the beach, bay, restaurants, shops and all the fun of island life, then come home to your own private tropical oasis on a quiet road. This adorable fixer-upper is a blank slate just waiting for someone with vision. Think colorful coastal cottage, laid-back surf shack, charming vacation rental or your own little SGI escape. The unique loft adds instant character and possibility, while the lush yard gives the property that dreamy, hidden-away island feel you will love. There's even a side-yard shed for beach gear, bikes, fishing rods and all your island toys. The location is already here. The tropical setting is already here. The bungalow charm is already here. Now bring your ideas and turn this rare ground-level property into something unforgettable. Fix it. Flip it. Rent it. Love it. Opportunities this close to downtown, the bay & the beach are hard to find on St. George Island at this AFFORDABLE price!

316 W Pine Ave, St. George Island
1048 W Bay Shore Dr, St. George Island
$499,000
3 Beds ⋅ 2 Baths ⋅ 328143 MLS ⋅ Island Retreat BLDG.
BEST VALUE OPPORTUNITY ON ST. GEORGE ISLAND! Positioned on a large corner lot just a short walk to both the Gulf beaches and the Bay, 1048 W Bayshore Drive offers an exceptional chance to secure a coastal home at an attractive price point in today's market. Designed for relaxed island living, this Florida-style retreat features expansive deck space for entertaining, enjoying coastal breezes, and embracing the laid-back SGI lifestyle. A screened porch extends the living area outdoors—perfect for dining, gathering, or unwinding after a day on the water. Inside, the home offers a bright and open living and dining area that flows into the kitchen, creating a comfortable and functional layout. Two spacious upstairs bedrooms are enhanced by skylights, bringing in natural light and an airy coastal feel. The lower level includes a private bedroom and half bath—ideal for guests, a flexible bonus space, or potential in-law suite setup—adding versatility for personal use or rental potential. Brand new HVAC has been installed, plus a golf cart included, making this a true turn-key island escape ready for immediate enjoyment or rental use. Additional highlights include an outdoor shower with hot and cold water, ample storage, and generous parking for boats, golf carts, and multiple vehicles. The large corner lot provides space, privacy, and future potential. Whether you're searching for a primary residence, second home, or investment property, this is a rare opportunity to own a well-located St. George Island home with strong upside and undeniable value.

1048 W Bay Shore Dr, St. George Island
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