A fence panel is provided having a plurality of sub-panel assemblies positioned in a linear arrangement and coupled together via panel rails extending between opposing lateral ends of the fence panel. Each sub-panel assembly may include a plurality of fence boards coupled together by sub-panel rails that extend between opposing lateral ends of the sub-panel assembly. The panel rails may insertably receive a respective linear arrangement of the sub-panel rails. In addition, a respective sub-panel assembly spacer may be positioned between adjacent ones of the sub-panel assemblies to separate the sub-panel assemblies from each other. The fence panel may be provided in a kit consisting of a single packaged arrangement of fence panel components comprising or consisting of the sub-panel assemblies, sub-panel assembly spacers and the panel rails.