902 Gray Ave, Carrabelle, FL

$499,000

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21.30

Acres

About 902 Gray Ave

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.

Features of 902 Gray Ave

MLS® # 328155
Price $499,000
Acres 21.30
Type Land
Sub-Type Residential Lots/Land
Status Active

Community Information

Address 902 Gray Ave
Area Carrabelle
City Carrabelle
State FL
Zip Code 32322

Amenities

Utilities Cable Available, Electricity Available, Natural Gas Not Available, Sewer Available, Water Available
Is Waterfront No

Additional Information

Date Listed April 27th, 2026

Listing Details

OfficeNaumann Group Real Estate, Inc. - SGI

Listing Map

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