Crooked River Rd Carrabelle, FL 32322

This exceptional 3.5-acre parcel in Carrabelle, Florida (Franklin County, zip code 32322), presents a unique opportunity for multi-family development. Located on Crooked River Rd., Lanark, FL, this property is zoned residential and offers approved plans for a 48-unit multi-family complex. The site benefits from existing PUD and sketch plat approvals, streamlining the development process. While preliminary platting and environmental permits are still required before construction can commence, the groundwork has been laid for a swift and efficient project launch. Situated adjacent to the St. James Bay Golf Course Community—Franklin County's only 18-hole golf course—this location offers residents convenient access to recreational amenities. The property's advantageous position directly north of the St. James Health and Rehabilitation Center further enhances its appeal. Importantly, this land is not subject to HOA fees, providing developers with greater flexibility and cost savings. However, owners can opt for social membership at the golf course, enjoying full access to its facilities. The surrounding area shows significant new construction activity in St. James Bay and SummerCamp, indicating a robust and growing market. The asking price for this exceptional development opportunity is $480,000. The APN is 06-07S-03W-0000-0020-0010.