A bottle carrier/cooler is provided for easy, convenient transportation, cooling and storage of a single conventional plastic beverage bottle. The bottle carrier/cooler is configured to substantially contain one standard bottle while exposing the bottle neck and bottle cap. The body of the bottle carrier/cooler is of a diameter sufficient to maintain ice, water or other refrigerants so the bottled beverage will remain at a desirable low temperature. The beverage which may be a soft drink, can be poured from the bottle without removing the bottle from the carrier/cooler. A seal connected to the carrier/cooler lid prevents leakage of the refrigerant while the beverage is poured and in conjunction with projections along the bottom of the carrier/cooler stabilize the bottle longitudinally. In the preferred embodiment of the invention a lid having a pour spout and finger tabs is provided. A cover or sleeve is utilized to surround the bottle before placement within the carrier/cooler to maintain the refrigerant placed therein free from dirt and debris. The pour spout provides access to the potable water contained therein as the ice melts.