# 902 Gray Ave, Carrabelle, FL 32322 > **TL;DR:** land, $499,000. Est. $2,669/mo. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $499,000 | | Lot Size | 927,828 sqft (21.30 acres) | | Property Type | Land (Other) | | Status | Active | | Days on Market | 0 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,523 | | Estimated Insurance | $146 | | **Total** | **$2,669** | ## Property Highlights - 21.30 acre lot ## Description ### 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. ## Location - **Address:** 902 Gray Ave, Carrabelle, FL 32322 - **Neighborhood:** No Named Subdivision - **Coordinates:** 29.8547596, -84.6540627 - **Google Maps:** https://www.google.com/maps?q=29.8547596,-84.6540627 ## Virtual Tour & Media - **Video Tour:** tour.usamls.net/1212-Gray-Ave-Carrabelle-FL-32322/unbranded ## Listing Agent - **Name:** Lacey Martina - **Brokerage:** The Naumann Group - Coastal Division - **Phone:** 3347236799 - **Broker Phone:** (850) 799-1230 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/902-Gray-Ave_Carrabelle_FL_32322_M53512-22218?f=listhub&s=RAKSGCFL&m=328155&c=propsimple) ## Photos ![902 Gray Ave - Photo 1](http://lh.rdcpix.com/886b8468169a37c3f2eb87f15e007c09l-f2448403884r.jpg) ![902 Gray Ave - Photo 2](http://lh.rdcpix.com/886b8468169a37c3f2eb87f15e007c09l-f1978093489r.jpg) ![902 Gray Ave - Photo 3](http://lh.rdcpix.com/886b8468169a37c3f2eb87f15e007c09l-f3229276421r.jpg) ![902 Gray Ave - Photo 4](http://lh.rdcpix.com/886b8468169a37c3f2eb87f15e007c09l-f3935245985r.jpg) ![902 Gray Ave - Photo 5](http://lh.rdcpix.com/886b8468169a37c3f2eb87f15e007c09l-f135807968r.jpg) ![902 Gray Ave - Photo 6](http://lh.rdcpix.com/886b8468169a37c3f2eb87f15e007c09l-f1128671423r.jpg) ![902 Gray Ave - Photo 7](http://lh.rdcpix.com/886b8468169a37c3f2eb87f15e007c09l-f1812309432r.jpg) ![902 Gray Ave - Photo 8](http://lh.rdcpix.com/886b8468169a37c3f2eb87f15e007c09l-f4202667505r.jpg) ![902 Gray Ave - Photo 9](http://lh.rdcpix.com/886b8468169a37c3f2eb87f15e007c09l-f907532438r.jpg) ![902 Gray Ave - Photo 10](http://lh.rdcpix.com/886b8468169a37c3f2eb87f15e007c09l-f3225206268r.jpg) ![902 Gray Ave - Photo 11](http://lh.rdcpix.com/886b8468169a37c3f2eb87f15e007c09l-f907532438r.jpg) ![902 Gray Ave - Photo 12](http://lh.rdcpix.com/886b8468169a37c3f2eb87f15e007c09l-f1046434207r.jpg) --- **MLS#:** 328155 | **Updated:** 2026-07-02 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/902-gray-ave-carrabelle-fl-32322-l328155) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/902-gray-ave-carrabelle-fl-32322-l328155#listing", "url": "https://www.propertysimple.ai/listing/902-gray-ave-carrabelle-fl-32322-l328155", "name": "902 Gray Ave, Carrabelle, FL 32322", "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. 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