St James Bay
Homes for Sale in Carrabelle, FL

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.

CPAR sales records identify 23 homes in St James Bay that have changed hands, with a median living area of about 1,666 sq ft and a typical 3-bedroom, 3-bath layout. Source: CPAR closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

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.

St James Bay is too small for its own price trend, so here is the market around it.

In ZIP 32322, 17 homes are on the market and 0% are under contract — a slower corner of Carrabelle.

Across Franklin County, 198 homes are active and 32 pending (14% under contract).

ZIP and county figures describe the wider market, not St James Bay specifically. Momentum Research analysis of MLS records.

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.

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.

Listings in this community report association dues of about $544 per month ($6,528 a year) — the median AssociationFee across 13 MLS records, normalised to a monthly figure; most are billed monthly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-10.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.