VACANT NW 3rd Street, Carrabelle, FL 32322
KEOUGHS 1ST ADD · Franklin County
Key Facts
Description
Tucked away in a surprisingly quiet and underdeveloped pocket of Carrabelle, this rare 2-acre wooded parcel offers a unique blend of privacy, location, and development potential, making it equally ideal for a dream homesite or a larger-scale investment opportunity. Comprised of 16 individual lots, the property presents exceptional flexibility for builders, developers, or those looking to create a private compound surrounded by nature. Rich with mature pines and scattered hardwoods, the land carries an Old Florida feel that’s increasingly hard to find, especially within city limits, while still being just minutes from downtown Carrabelle and conveniently close to the Carrabelle River for easy access to boating, fishing, and coastal living. A standout feature is the availability of city water and sewer, an uncommon advantage for parcels of this size, allowing for greater density potential and development flexibility compared to nearby properties limited to well and septic. Whether you're envisioning a thoughtfully designed residential project, a secluded personal retreat, or a long-term investment, this property offers a rare opportunity to secure space, infrastructure, and potential in one compelling package.
Property Information
Property Type
Land
Sub-Type
Unimproved Land
Lot Size
2.00 acres
Days on Market
7
MLS® Listing#
397554
Property Features
Lot Features
Other Structures
Utilities
Sewer
Water Source
Schools
- Elementary:
- Other
- Middle:
- Franklin County Middle School
- High:
- Franklin County High School
Financial Details
Annual Taxes
$1,073
Parcel Number
12037-20-07S-04W-4211-0005-0010
Directions
Currently ONLY ACCESSIBLE from this route: Three Rivers Road, headed south on NW 3rd Street
Affordability Calculator
$16,000
Estimated monthly payment
$426/mo
Principal $64,000 · Est. interest $89,286 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Carrabelle, FL
- $400,000
- Median Listing Price
- 82
- Median Days on Market
- 1,479
- Median Sq Ft
- $245
- Median Price / Sq Ft
- 26
- Active Listings
- This home’s price is 80% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Carrabelle, FL.
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 164 Royal Tern Way, Carrabelle, FL | $58,000 | — | — | — |
| 309 Royal Tern Way, Carrabelle, FL | $59,000 | — | — | — |
| 305 Royal Tern Way, Carrabelle, FL | $59,000 | — | — | — |
| 397 Royal Tern Way, Carrabelle, FL | $59,000 | — | — | — |
| 395 Royal Tern Way, Carrabelle, FL | $59,000 | — | — | — |
| 115 Kansas Street, Carrabelle, FL | $59,900 | — | — | — |
Moving Cost Estimate
Listing Courtesy: All Realty Services - 8509979994
Presented by: Catherine L Hope Sorensen