Coastal ecosystems have received international interest for their possible role in climate change mitigation, highlighting the importance of being able to assess and predict how changes in habitat distributions and their associated communities may impact the greenhouse gas sink potential of these vegetated seascapes. Importantly, the range and diversity of macrophytes within the vegetated seascape have different capacities to store C within their biomass and potentially sequester C depending on their functional trait characteristics. To bridge the present knowledge gaps in linking macrophyte traits to C storage in tissue, we (1) quantified biomass-bound C stocks within diverse macrophyte communities, separately for soft and hard bottom habitats and (2) explored the links between various traits of both vascular plants and macroalgae and their respective biomass-bound C stocks using structural equation modeling (SEM). We conducted a field survey where we sampled 6 soft bottom locations dominated by aquatic vascular plants and 6 hard bottom locations dominated by the brown algae Fucus vesiculosus in the Finnish archipelago. Macrophyte carbon stocks of hard bottom locations were an order of magnitude higher than those found in soft bottom locations. Biodiversity was associated with aquatic plant carbon stocks through mass ratio effects, highlighting that carbon stocks were positively influenced by the dominance of species with more acquisitive resource strategies, whereas age was the main driver of carbon in the mono-specific macroalgal communities. Overall, our results demonstrate that habitat type and dominating life-history strategies influenced the size of the organism-bound carbon stocks. Moreover, we showed the importance of accounting for the diversity of different traits to determine the drivers underpinning carbon storage in heterogenous seascapes composed of macrophyte communities with high functional diversity.