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Since seagrasses are efficient sinks for marine organic carbon, there is growing interest in incorporating seagrass protection and restoration into climate mitigation schemes, that is, offering credit for accumulated carbon to offset carbon dioxide emissions. However, patterns and drivers of organic carbon storage by seagrasses are not well resolved, especially at scales relevant to management decisions. Here, we quantified geographic variation in standing stocks of sedimentary organic carbon (Mg Corg ha−1) associated with seagrasses along the northern Florida Gulf Coast using field surveys and sediment cores. We measured plant biomass, organic carbon, and sediment composition in each core. Using a multivariate modeling approach, we evaluated the relative importance of ecological, physical, oceanographic, and seascape drivers, developing the first spatially explicit predictions of seagrass‐associated carbon stocks for this region. Applying model predictions to confirmed seagrass beds and potential recovery areas, we also estimated the carbon storage value of potential seagrass conservation and restoration as the resulting stock enhancement value per hectare of seagrass (Δ Mg Corg ha−1). We found that organic carbon stored by seagrass sediments varied considerably across this region, with stocks significantly increasing with seagrass cover, proximity to oyster reefs, and distance from river outlets, highlighting potential synergies for coordinated management. We also found that current seagrass beds could offer nearly double the carbon storage value of potential recovery areas, emphasizing the importance of conservation as well as restoration. Our results have important implications for management, restoration, and understanding biogeographic patterns of seagrass ecosystem services. [ABSTRACT FROM AUTHOR]