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.
Lot/land
$499,000
902 Gray Ave, Carrabelle, FL 32322
--beds
--baths
21.3Acres
Unimproved Land
Built in ----
21.3 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Far west cleared section
- 129 days
- 51
- 3
Zillow last checked:
Listing updated:
Listed by:
Lacey Martina 334-723-6799,
Naumann Group Real Estate, Inc. - SGI
Source: Forgotten Coast Realtor Association,MLS#: 328155
Facts & features
Interior
Video & virtual tour
Property
Lot
- Size: 21.3 Acres
- Dimensions: 1780 x 1525 x 145 x 155 x 105 x 155
- Features: Wetlands, Split Possible, Wooded
Details
- Parcel number: 2007S04W415000100000
- Zoning description: Residential Multi-Family
Utilities & green energy
- Utilities for property: Cable Available, Electricity Available, Natural Gas Not Available, Sewer Available, Water Available
Community & HOA
Community
- Subdivision: No Named Subdivision
Location
- Region: Carrabelle
Financial & listing details
- Date on market: 4/27/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/27/2026 | Listed for sale | $499,000 |
Source: | ||
Public tax history
Tax history is unavailable.




