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Rare two-parcel opportunity near Florida's Forgotten Coast. Offered together, 140 Craig Street and the adjacent 148 Craig Street create a flexible coastal package with a move-in-ready home on one acre plus an additional one-acre residential lot next door. The home is a well-maintained coastal-style residence with 3 bedrooms, 2 baths, 1,884 square feet with a total space of 3260 square feet, and a one-acre setting, with features including tile and wood flooring, crown molding, fresh interior paint, solid wood interior doors, wide hallway, accessible hall bath, elevator, double-pane wind-rated windows, hurricane shutters, screened upper deck, screened lower porch, outdoor shower, garden area with irrigation, and ample storage. Major updates and practical features include a 2024 septic system with new drainfield and grinder, 2017 HVAC, 2023 refrigerator, 2021 dishwasher, 2024 gutters, new deck stairs in 2025, and maintained termite/pest control18. Outdoor and bonus spaces make this property especially compelling: a 24x36 barn with 10-foot doors for boats, equipment, or recreational toys; a 12x20 shed with electricity and mini-split A/C; and a detached 24x20 sunroom with electricity, mini-split, and mini-fridge for gatherings or overflow living space. The adjacent 148 Craig Street lot adds rare flexibility. This one-acre residential lot is cleared, level, and ready for your vision, with mature oaks and pines, electric and city water available, septic needed, county zoning, and a quiet cul-de-sac setting. Keep it for privacy, gardening, outdoor living, future building plans subject to county approvals, or long-term optionality. Located near Carrabelle's boating, fishing, beaches, forests, local history, and small-town coastal amenities, this package offers the space, and character buyers seek on Florida's Forgotten Coast. Carrabelle is known for its working waterfront, marinas, fishing, nearby white-sand beaches, local museums, restaurants, galleries, and uncrowded Old Florida atmosphere.
Property Type(s):
Single Family
| Last Updated | 8/7/2026 | Tract | Deer Run Estates |
|---|---|---|---|
| Year Built | 2006 | Community | Carrabelle |
| County | Franklin |
Additional Details
| AIR | Ceiling Fan(s), Heat Pump |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Microwave |
| AREA | Carrabelle |
| BARN/EQUESTRIAN | Yes |
| CONSTRUCTION | HardiPlank Type |
| EXTERIOR | Outdoor Shower |
| HEAT | Heat Pump |
| INTERIOR | Crown Molding, Elevator, Recessed Lighting, Storage, Walk-In Closet(s) |
| LOT | 2 acre(s) |
| LOT DESCRIPTION | Cleared, Landscaped |
| LOT DIMENSIONS | 290x295x290x295 |
| PARKING | Boat, Carport, Circular Driveway, Covered, Driveway, Detached |
| SEWER | Septic Tank |
| STYLE | Beach House |
| SUBDIVISION | Deer Run Estates |
| UTILITIES | Sewer Connected, Underground Utilities, Water Connected |
| WATER | Public, Well |
| ZONING | Residential Single Family |
Location
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Listed with Anchor Realty Florida
Listings are provided by the Forgotten Coast REALTOR Association. This information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the Forgotten Coast REALTOR Association.
Copyright 2026 Forgotten Coast REALTOR Association.
This IDX solution is (c) Diverse Solutions 2026.
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