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Recreational & Residential Land for Sale in Carrabelle, Florida

902 Gray Ave, Carrabelle, FL 32322

$499,000
21.3 acres
Active sale
ago
Est $3,680/mo

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
Elevation
14 feet
Coordinates
29.8548, -84.6541

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

Details and features

Listing

Type
Land

Lot

Features
Interior Lot, Split Possible, Wetlands, Wooded

Listing history

DateEventPriceChangeSource
May 22, 2026New listing$499,000RAKSGC
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This 21.3-acre property is located at 902 Gray Ave in Carrabelle, FL 32322. The property is available for sale for $499,000 with a price per acre of $23,427.

Listed by Naumann Group Real Estate, Inc. - Sgi, (850) 799-1230

Checked 2 hours agoUpdated Source

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