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$499,000 Just Listed
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Property Description
Exceptional development opportunity in the heart of Carrabelle, Florida. This 61.5-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. Buyer to verify all measurements, zoning, density, and development potential with the City of Carrabelle. Additional documentation available upon request.
Full Property Details
Full Property Details for 1212 Gray Ave
General
- Price: $499,000
- Status: Active
- Type: Lots/Land
- Source: 933
- MLS ID: 328155
- Updated: 4/27/2026
- Added to Site: Today
Location
- Area: Carrabelle
- Subdivision: No Named Subdivision
- Driving 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.
Utilities
- Utility Description: Cable Available, Electricity Available, Natural Gas Not Available, Sewer Available, Water Available
Lot Features
- Lot Dimensions: 1780 x 1525 x 145 x 155 x 105 x 155
- Lot Features: Interior Lot, Wetlands, Will Divide, Wooded
Disclosures and Reports
- 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
- Restrictions: City Zoning
- Property ID: 20-07S-04W-4150-0010-0000
Listed by Naumann Group Real Estate, Inc. - SGI
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Schools
Schools serving 1212 Gray Ave
School District:Franklin County School District, Eastpoint, FL
| Name | Grades | Distance |
|---|---|---|
Franklin County Schools Pk-12 1250 U.S. 98, Eastpoint, FL 32328 | PK-12 | 11.5 mi |
Franklin Virtual Instruction Program 85 School Road, Eastpoint, FL 32328 | K-12 | 15.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1212 Gray Ave
Date
Details
Price
Change
Source
4/27/2026
Listed
$499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1212 Gray Ave
1212 Gray Ave, Carrabelle, FL 32322 (MLS# 328155) is a Lots/Land property with a lot size of acres. 1212 Gray Ave is currently listed for $499,000 and was received on April 27, 2026. Want to learn more about 1212 Gray Ave? Do you have questions about finding other Lots/Land real estate for sale in Carrabelle? You can browse all Carrabelle real estate or contact a Coldwell Banker agent to request more information.

