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About This Home

This land at 902 Gray Ave in Carrabelle, FL is listed for $499,000 (21.30 acres).

Agent Description

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.

Key Features

  • 21.30 acre lot

Location

902 Gray Ave

Carrabelle, FL 32322

No Named Subdivision

Questions & Answers

This 0-bedroom, 0-bathroom land at 902 Gray Ave is listed at $499,000. The estimated monthly payment is $2,162 based on 20% down at 6.5% interest.

Key features include: 21.30 acre lot.

This property is listed by Lacey Martina and can be reached at 3347236799 or Lacey@NaumannGroup.com.

LM

Lacey Martina

Agent at Naumann Group Real Estate, Inc. - Sgi

(334) 723-6799

Listed by Naumann Group Real Estate, Inc. - Sgi · View on Broker Site

MLS# 328155· Source: listhub· Updated today

Copyright © 2026 Forgotten Coast Realtor Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

902 Gray Ave, Carrabelle, FL 32322

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