St James Bay
Homes for Sale in Carrabelle, FL
True comps, carrying-cost math, and listings before the portals.
Photo via CPAR MLS
As of September 2026, St James Bay in Carrabelle, FL has 1 home for sale. As of September 2026, the MLS records 1 closed sale in St James Bay in Carrabelle, FL, the most recent in April 2016.
With only three active listings, St James Bay is not a market with enough current inventory to establish a reliable price trend. Whatever sets value here right now is going to be the individual condition, lot, and features of those three homes rather than any broader community pattern.
For a seller, this is a low-competition window — there is almost nothing else in the community for a buyer to cross-shop against. For a buyer, it means less leverage to negotiate against comparable listings inside the neighborhood itself, so pricing decisions should lean more on off-community comps in Carrabelle and Franklin County than on what else is currently listed in St James Bay.
The 60-Second Overview
St James Bay is a small, quiet corner of the Carrabelle market in Franklin County, and at any given time only a handful of homes tend to be listed here — right now that number sits at three.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
Who St James Bay is best for.
Best for
- A buyer focused on the Carrabelle/Franklin County location itself rather than a specific community feature set
- A buyer prepared to evaluate a single home on its own condition and comps rather than a neighborhood price trend
- A buyer comfortable acting when the right listing appears, given how few homes are active at once
Probably not for
- A buyer who wants a wide selection of homes to compare within the same community
- A buyer expecting confirmed clubhouse, pool, or recreational amenities as part of the purchase
- A buyer who wants a well-established community price trend before making an offer
The market around St James Bay
St James Bay is too small for its own price trend, so here is the market around it.
In ZIP 32322, 19 homes are on the market and 0% are under contract — a slower corner of Carrabelle.
Across Franklin County, 210 homes are active and 40 pending (16% under contract).
ZIP and county figures describe the wider market, not St James Bay specifically. Momentum Research analysis of MLS records.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Franklin County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Franklin County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
St James Bay Market Scorecard
St James Bay is currently a thin data market. Limited supply, a median asking price of $409,000, and homes go under contract in about 364 days.
Typical home value in the 32322 ZIP is $289,886, right around the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.
Homes For Sale Right Now in St James Bay
Live MLS inventory for St James Bay. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending St James Bay listings as of 2026-09-02, priced high to low. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Tap any home to ask about it.
The St James Bay buying strategy.
If we were buying in St James Bay today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in St James Bay.
A thin market by nature
Three active listings is a snapshot, not a trend line. There is not enough current MLS activity in St James Bay to talk about typical days on market, price movement, or a going rate per square foot with any confidence — those figures simply are not being generated by volume this small right now.
No community amenities have been identified from current MLS listings, which does not necessarily mean none exist, but it does mean a buyer should not assume clubhouse, pool, or recreational infrastructure without confirming it directly against the specific listing and any HOA documentation. Treat this as a community where each home has to be evaluated on its own paperwork, not on a package of shared features.
The location and the amenities are priced into every listing in St James Bay. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a market this thin, the value of local, current knowledge goes up, not down — with only three homes active, missing context on one of them means missing a meaningful share of the community's current opportunity. We track what is actually listed in St James Bay in real time and pull in the surrounding Carrabelle and Franklin County comps needed to sanity-check pricing on a market where the community itself cannot generate a statistically solid trend.
St James Bay in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a St James Bay buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed St James Bay sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in St James Bay, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your St James Bay home worth?
Get a no-obligation home value based on real comparable sales in St James Bay, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Carrabelle →
Should you buy in St James Bay?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near St James Bay with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | CPAR MLS, refreshed twice daily (last: September 2, 2026) |
| Under-contract shares | CPAR MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2016 (1 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of CPAR MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the CPAR MLS member average and 8 days faster, and we’ll price yours against live local comps.
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See how St James Bay fits the bigger picture — live prices, inventory, and Momentum Scores: