
Recreational & Residential Land for Sale in Carrabelle, Florida
902 Gray Ave, Carrabelle, FL 32322
Exceptional development opportunity in the heart of Carrabelle, Florida. This 21.3 acre parcel, offers a rare chance to acquire a large scale tract zoned for multifamily use within city limits, with guidance from the City of Carrabelle indicating the potential for up to 15 units per buildable acre. Preliminary plats have been drafted for the far west cleared section, with city water and sewer available along Gray Ave., providing a strong foundation for future development. With no existing infrastructure in place, the property offers a blank slate for a developer to design and execute a vision from the ground up. Opportunities of this scale, zoning, and location are increasingly limited in our area. This parcel is ideally positioned just minutes from local marinas, public boat ramps, and Carrabelle's downtown waterfront district, this location blends convenience with the laid-back coastal lifestyle that continues to attract both full-time residents and second-home buyers to the Forgotten Coast. Offering 21.3 acres to be subdivided from a larger 61.5-acre parcel. Seller is willing to survey and replat the property upon execution of an accepted contract. Buyer to verify all measurements, zoning, density, and development potential with the City of Carrabelle. Additional documentation available upon request.
Location
- Street address
- 902 Gray Ave
- County
- Franklin County
- Elevation
- 14 feet
Directions
head northeast on Highway 98 (St. James Avenue) toward the center of town. Continue following Highway 98 for approximately half a mile before turning left onto 12th Street East.. Drive north then take a left onto Gray Avenue. Property is on right.
Property details
- Acreage
- 21.3 acres
- Zoning
- Residential Multi-Family
- MLS #
- RAKSGC 328155
- Posted
Parcels
- 2007S04W415000100000
Legal description
SUN-N-SAND VILLAGE UNIT 2 BEING TRACTS 4,5,6,7, & PARTS OF 8 & 9 61.53 AC M/L OR 197/351 195/639 214/363 1186/360 1267/373 1336/267 1369/650-L/E 1415/573 1432/349
Details and features
Listing
- Type
- Land
Lot
- Features
- Interior Lot, Split Possible, Wetlands, Wooded
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| May 22, 2026 | New listing | $499,000 | — | RAKSGC |










