Karaca Island (Turkish: Karaca Ada) is an Aegean island of Turkey.

Karaca island is named after the village facing the island. At 36°57′39″N 28°11′46″E / 36.96083°N 28.19611°E / 36.96083; 28.19611 it is administratively a part of Marmaris ilçe (district) of Muğla Province. . It is situated in the Gulf of Gökova and about 400 metres (1,300 ft) to mainland (Anatolia). Famous Sedir Island is to the north of Karaca Island. Its area is 381×10 square metres (4.10×10 sq ft).

The island belongs to a Turkish family. Recently, the owners put the island on the market. But the island is an archaeological site and there are serious objections against this sale.