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Property profile & analytics
OFF-MARKET
Marinas

0 Timber Island Rd Carrabelle, FL 32322

35 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Marinas
Lot 35 ac (1,524,600 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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