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    2638 Highway 98 W Carrabelle, FL 32322

    Under Contract
    For Sale
    $129,000

    Residential Lots/Land - Carrabelle, FL

    Lot size:
    0.28 Acres
    Days on Market:
    27
    Last Refresh:
    Dec 14 at 1:06 pm

    Property Features for 2638 Highway 98 W

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    09-08S-05W-0280-000I-003
    Lot size
    0.28 Acres

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    Century 21 First Story Real Estate (850) 212-0440 [email protected]

    Listing agent Andy Durham (850) 727-0066

    Listing date Nov 18, 2025

    MLS# 322679 Listing URL

    Copyright © 2025 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.

    Overview

    Waterfront Lot with Hilltop Elevation

    This 0.275-acre residential lot offers waterfront views of East Pass, Dog Island, and Saint George Island. Located between Carrabelle and Eastpoint, the property features 100 front feet and is situated on top of a hill, providing great elevations. The lot is protected by rip rap and a seawall. A notable advantage is that the property is located in Flood Zone X, meaning no flood insurance is required.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Properties

    Suggested Use

    Realty agency Law Firm Auto Repair Shop Clothing Store Hotel & Motel Food Market Bar & Pub Bed & Breakfast Farmer's Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Carrabelle
    County
    Franklin
    State
    Florida
    Longitude
    -84.742295
    Latitude
    29.799811

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    FAQs

    What type of property is this?
    Land - Buildable waterfront lot with views and no flood insurance required.
    Where is this land located?
    The property is located at 2638 Highway 98 W Carrabelle, FL.
    What is the asking price?
    The asking price for this property is $129,000.
    What are key features of this property?
    This property features: - Buildable waterfront property with spectacular views of East Pass, Dog Island, and Saint George Island.; - Located in Flood Zone X, eliminating the need for flood insurance.; - 100 feet of waterfrontage with high elevations on a hilltop.
    (850) 727-0066
    Request Owner's contact information
    2638 Highway 98 W Carrabelle, FL 32322
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    Carrabelle, FL 32322
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2638 Highway 98 W Carrabelle, FL 32322
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