Two nearly identical homes can sit on the same SouthWood street, at the same price — and cost very different amounts to actually live in. This is the one that costs less. Two reasons. First, a detached carriage house, leased to a long-term tenant, brings in $1,200 a month — so part of your cost of ownership is covered before you unpack a box. Second, the financing: this home carries an existing mortgage a qualified buyer may be able to assume, subject to lender approval, at a monthly cost today's new loans can't match. Most buyers choose between a comfortable payment and investment upside. Here you may not have to. The detached carriage house is the rare part — a separate, private space that becomes whatever your life needs. …
The Story
4046 South Blair Stone Road
Two nearly identical homes can sit on the same SouthWood street, at the same price — and cost very different amounts to actually live in. This is the one that costs less. Two reasons. First, a detached carriage house, leased to a long-term tenant, brings in $1,200 a month — so part of your cost of ownership is covered before you unpack a box. Second, the financing: this home carries an existing mortgage a qualified buyer may be able to assume, subject to lender approval, at a monthly cost today's new loans can't match. Most buyers choose between a comfortable payment and investment upside. Here you may not have to. The detached carriage house is the rare part — a separate, private space that becomes whatever your life needs. A guest house or in-law suite. A home office or creative studio. Room for a returning college student, or multigenerational space that gives everyone their own footprint. And if you want it to pay for itself, it already does: it's leased to a long-term tenant at $1,200 a month. Keep the income, or reclaim the space — one property, multiple ways to make it fit. Inside, the main home is bright and open — 4 bedrooms, 3 full baths, and 2,177 square feet, with new hardwood floors (2025), a cozy fireplace, a new water heater, and an HVAC only about four years young. The major work is done; it's genuinely move-in ready. Step outside to a private deck over your own backyard orchard — apple, peach, orange, and lemon — with a golf course view beyond. And it's SouthWood: resort-style pools, parks, playgrounds, miles of walking and biking trails, golf, and quick access to shopping, dining, and downtown Tallahassee. Whether it's extra space, real flexibility, or a lower monthly cost of ownership, this home offers possibilities that are hard to find under one roof. Schedule your private showing today.
