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    Timber Island Rd Carrabelle, FL 32322

    Sponsored
    For Sale
    $2,125,000

    35 Acres, Carrabelle, FL - $2.1M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 35-acre peninsula in Carrabelle, Florida, presents a remarkable coastal development opportunity. Situated on the picturesque Forgotten Coast, this property boasts stunning waterfront views at the mouth of the Carrabelle River and the Gulf of Mexico. The land is neatly divided into 46 potential residential lots, offering breathtaking vistas from every point. Across the channel lie two pristine islands, enhancing the property's idyllic setting. Nearby barrier islands, Dog Island and St. George Island, provide excellent fishing and recreational opportunities. Located within Carrabelle city limits, the property is zoned FLU: Residential, allowing for a coastal residential community or a luxury RV park. The convenient location offers proximity to world-class beaches, historic fishing villages, shopping, and dining along scenic Highway 98. With a price of $2,125,000 ($60,714/acre), this is a unique chance to create a premier coastal retreat in a sought-after location. Multiple APNs in Franklin County, FL, are included in this offering. The property's potential for development, combined with its stunning natural beauty and convenient location, makes it an exceptional investment.

    Property Features for 0 Timber Island Rd

    General Information

    Property type
    Marinas
    Lot Size
    1,524,600 SF

    HighLights

    • Prime Waterfront Location
    • Significant Development Opportunity
    • Proximity to World‑Class Florida Beaches
    Property Profile Location Intelligence

    Current Use by Public Records

    Marinas

    Map

    City
    Carrabelle
    County
    Franklin
    State
    Florida
    Longitude
    -84.6657077
    Latitude
    29.8390196

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    FAQs

    What type of property is this?
    Marina - 35 Acres, Carrabelle, FL - $2.1M
    Where is this marina located?
    The property is located at Timber Island Rd Carrabelle, FL.
    What is the asking price?
    The asking price for this property is $2,125,000.
    What are key features of this property?
    This property features: Prime Waterfront Location; Significant Development Opportunity; Proximity to World-Class Florida Beaches
    (877) 518-5263
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    Timber Island Rd 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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    Timber Island Rd Carrabelle, FL 32322
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