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$39,500

394 Royal Tern WayCarrabelle, FL 32322

Listing updated: October 30, 2026 at 1:01 AM ET

Active

Listing courtesy of American Realty Of Psl Llc · Daniel Castaneda · MLS #K4903925 · Active · 772-905-8694

Baths

0.23

Acres

◆$4/sqft◆360° tour

Land

Property type

10,184 sqft

Lot size

Price / sq ft

$40/mo

HOA dues

Days on market

Flood zone

About this home

COASTAL OPPORTUNITY IN ST. JAMES BAY WITH OWNER FINANCING AVAILABLE! Discover the opportunity to create your own coastal retreat on this approximately 0.23-acre property in the desirable St. James Bay community of Carrabelle. Located in the peaceful Thomas Bay area, this property offers convenient access to the Gulf, beautiful beaches, boating, fishing, marinas, and boat ramps. Property owners enjoy access to community amenities including a swimming pool, tennis courts, pickleball courts, fitness facility, and Bayside area with a fishing pier, picnic tables, and firepit. Golf enthusiasts will appreciate St. James Bay Golf Course, a public course with no membership required. Public water and public sewer are available, with electricity available at the property. Whether you're looking for a primary residence, vacation getaway, or investment opportunity, this property offers an excellent chance to enjoy Florida's Forgotten Coast. Owner financing may be available. Buyer to verify all building requirements, utilities, restrictions, and intended use with the appropriate governing authorities and HOA.

Estimated monthly payment

Principal & interest$200

Property taxes$23

Home insurance (est.)$18

HOA dues$40

Down payment

20%

$7,900 downRate

6.5%

Term

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history0 days on market

Status: Active
Oct 29, 2026
Listed$39,500
Oct 29, 2026

Facts & features

Property type: Land
Status: Active
Days on market: 0
Subdivision: Thomas Bay St
County: Franklin
Price/sq ft: $4
Lot size: 10,184 sq ft
Lot category: 0 to less than 1/4
Flood zone: X (12037C0270F)
Annual taxes: $274 (2025)
Parcel #: 05-07S-03W-1001-000E-0310
Zoning: PUD
MLS #: K4903925

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Parking

Garage spaces: 0

HOA & Financial

HOA fee: $120 / Quarterly
Monthly HOA: $40/mo
Total monthly fees: $40/mo
Total annual fees: $480
HOA name: St. James Bay Property Owners
Listing terms: Cash, Conventional, Owner Financing
Ownership: Fee Simple

Exterior & Construction

Road surface: Paved

Utilities

Sewer: Public Sewer
Water source: Public
Utilities: Electrical Nearby

Community

Pets allowed: Yes

Listing Details

Listing date: 2026-10-29
On market date: 2026-10-29
Original list price: $39,500
MLS area: 32322 - Carrabelle
Listing AOR: Lake Wales
Status changed: 2026-10-29
Tax legal description: ST JAMES BAY PHASE II PB 8/23 BLOCK E LOT 31 816/429 821/49 1382/273

Flood risk

Minimal riskFEMA Zone XPanel 12037C0270F

Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

1-75 toward High Spgs Keep left to stay on FL-20 / W US Highway 27 Keep right to stay on US-319 S / Big Bend Scenic Byway Turn right onto Crooked River Rd

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Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID as of October 30, 2026 at 1:01 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.

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