Carrabelle Multifamily Development
For Sale
$499,000
902 Gray Ave, Carrabelle, FL 32322
Land, Carrabelle, FL
Property SizeContact for details
Lot Size21.30 Acres
Days on Market105
Property Features for 902 Gray Ave
General Information
Property type
Land
Property subtype
Other
Zoning description
Residential Multi-Family
Subdivision
No Named Subdivision
Lot features
Interior Lot, Wetlands, Split Possible, Wooded
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.
Standard status
Active
APN
2007S04W415000100000
Lot size
21.30 Acres
Taxes and HOA fees
Tax Description
SUN-N-SAND VILLAGE UNIT 2 BEING TRACTS 4,5,6,7, & PARTS OF 8 & 9 61.53 AC M/L OR 197/351 195/639 214/363 1186/360 1267/373 1336/267 1369/650-L/E 1415/573 1432/349
Legal Description
SUN-N-SAND VILLAGE UNIT 2 BEING TRACTS 4,5,6,7, & PARTS OF 8 & 9 61.53 AC M/L OR 197/351 195/639 214/363 1186/360 1267/373 1336/267 1369/650-L/E 1415/573 1432/349
Utilities
Utilities
Cable Available
Listing Agency:
Naumann Group Real Estate, Inc. - Sgi
(850) 799-1230
Listed By:
Lacey Martina · License #3546997
(334) 723-6799
Added: May 11
Changed: Aug 19
Last Checked: Aug 23 at 5:06PM
MLS# 328155
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.
Investment Insights
Based on property information with market context.
This 21.3-acre parcel presents an exceptional development opportunity in Carrabelle, Florida. Zoned for multifamily use within city limits, the property has potential for up to 15 units per buildable acre, according to the City of Carrabelle. Preliminary plats have been drafted for the far west cleared section. City water and sewer are available along Gray Ave. The property currently has no existing infrastructure, offering a blank slate for development. The location is minutes from local marinas, public boat ramps, and Carrabelle's downtown waterfront district. The property is positioned to attract both full-time residents and second-home buyers. The 21.3 acres are to be subdivided from a larger 61.5-acre parcel. The seller is willing to survey and replat the property upon execution of an accepted contract. Additional documentation is available upon request.
Key Highlights
- Large 21.3‑acre parcel zoned for multifamily development within Carrabelle city limits.
- Potential for up to 15 units per buildable acre, offering significant development density.
- City water and sewer available along Gray Ave, simplifying utility connections.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
Explore this area
Business Placement
Demographics for 32322, FL
4,213
Population
2,258
Households
1.9
Avg Household Size
48
Median Age
16%
College-Educated
75%
High-School Grad
75.4 sq mi
ZIP Area
56
Density / Sq Mi
$58,030
Median Household Income
$28,250
Median Earnings
$1,231
Median Rent
$213,100
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - 21.3-acre parcel zoned for multifamily development in Carrabelle, Florida.
Where is this residential land & home lot located?
The property is located at 902 Gray Ave Carrabelle, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Large 21.3‑acre parcel zoned for multifamily development within Carrabelle city limits.; Potential for **up to 15 units per buildable acre**, offering significant development density.; City water and sewer available along Gray Ave, simplifying utility connections.
