Home Highlights
Listed
120 days ago
Local Information
- Map ViewExplore the area around 902 Gray Ave.
- Schools1 Preschool School2 Elementary Schools2 Middle Schools2 High Schools
- Shop & Eat
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About this House
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.
Last check for updates: about 8 hours ago
Listing courtesy of Lacey Martina, (334) 723-6799
Naumann Group Real Estate, Inc. - SGI
Source: Forgotten Coast Realtor Association, MLS#328155
Also Listed on Forgotten Coast Realtor Association.
Home Details for 902 Gray Ave
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Appliances & Utilities Utilities: Cable Available, Electricity Available, Natural Gas Not Available, Sewer Available, Water Available |
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Frontage Not on Waterfront |
Farm & Range Not Allowed to Raise Horses |
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Days on Market: 120 |
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Property Type / Style Property Type: LandProperty Subtype: Unimproved Land |
Property Information Parcel Number: 2007S04W415000100000 |
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Price List Price: $499,000 |
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MLS Status: Active |
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Direction & Address City: CarrabelleCommunity: No Named Subdivision |
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Listing Agent Listing ID: 328155 |
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Lot Area: 21.3 Acres |
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Mls Number: 328155 |
Around this home
What Locals Say about Carrabelle
At least 14 Trulia users voted on each feature.
95 % Say there's wildlife
87 % Say parking is easy
79 % Say car is needed
74 % Say yards are well-kept
71 % Say it's dog friendly
68 % Say neighbors are friendly
67 % Say it's quiet
65 % Say people would walk alone at night
58 % Say they plan to stay for at least 5 years
50 % Say it's walkable to restaurants
47 % Say kids play outside
44 % Say there are community events
41 % Say it's walkable to grocery stores
40 % Say streets are well-lit
35 % Say there are sidewalks
33 % Say there's holiday spirit
Sourced by Trulia users. Learn more about our methodology.
Market trends in Carrabelle
Last updated July 2026
Avg. sale price
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Sale-to-List Price
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Price per sq ft
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Available listings
121
3MoM
Home Value
Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.15 | Lot/Land | $175,000 | 11/20/25 | - | - | ||
0.45 | Lot/Land | $25,000 | 05/29/26 | - | - | ||
0.45 | Lot/Land | $25,000 | 05/29/26 | - | - | ||
0.51 | Lot/Land | $17,500 | 04/10/26 | - | - | ||
0.51 | Lot/Land | $19,000 | 03/25/26 | - | - | ||
0.62 | Lot/Land | $40,000 | 05/18/26 | - | - | ||
0.53 | Lot/Land | $6,500 | 12/08/25 | - | - | ||
0.54 | Lot/Land | $24,000 | 04/10/26 | - | - | ||
0.54 | Lot/Land | $25,000 | 04/10/26 | - | - | ||
0.54 | Lot/Land | $6,500 | 12/05/25 | - | - |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.01 | $197,900 | 3 | 2 | 1,104 | Off Market | |
0.07 | $330,000 | 5 | 4 | 2,365 | Recently Sold | |
0.15 | $175,000 | - | - | - | Recently Sold | |
0.17 | $416,300 | 4 | 3 | 2,400 | Off Market | |
0.18 | $365,900 | 3 | 2.5 | 1,445 | For Sale | |
0.22 | $209,300 | 3 | 2 | 1,216 | Off Market | |
0.26 | $99,000 | 2 | 1 | 1,108 | For Sale | |
0.27 | - | - | - | - | Off Market | |
0.33 | $142,900 | 1 | 1 | 750 | Off Market | |
0.36 | - | - | - | - | Off Market | |
0.37 | $209,000 | - | - | - | For Sale |
Price and Tax history
| Date | Event | Price |
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Apr 27, 2026 Source: Forgotten Coast Realtor Association #328155 | Listed For Sale | $499,000 |
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Lacey Martina, Naumann Group Real Estate, Inc. - SGI
Agent Phone: (334) 723-6799
Property information provided by the FCRA MLS – a service of the Forgotten Coast REALTOR Association. IDX information is provided exclusively for consumers’ personal, non-commercial use, and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.
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Frequently asked questions about 902 Gray Ave
- How big is 902 Gray Ave?902 Gray Ave in Carrabelle, FL is about 21.3 acres.
- What is the price per acre for 902 Gray Ave?902 Gray Ave in Carrabelle, FL is listed at $499,000, or about $25K per acre.
- What do residents say about Carrabelle?Residents describe Carrabelle, FL as easy to park in, well-kept, and dog-friendly. Most residents say you need a car. See homes for sale in Carrabelle, FL.
- What are the closest schools to 902 Gray Ave?The closest schools to 902 Gray Ave in Carrabelle, FL are Franklin County Schools Pk-12 (K-12, rated 2/10), Franklin Virtual Instruction Program (Elementary/Middle/High).
902 Gray Ave, Carrabelle, FL 32322 is a lot/land. This property is currently available for sale and was listed by Forgotten Coast Realtor Association on Apr 27, 2026. The MLS # for this home is MLS# 328155.