14874 US-331 BUS, Freeport, FL 32439 (MLS# 989106)

14874 US-331 BUS, Freeport, FL 32439

$4,000,000

Property Type: Land Lot Size (sq. ft.): 498,326 Status: Active

Current Price: $4,000,000 List Date: 11/06/2025 Last Modified: 11/06/2025

Overview

Description

Introducing an exceptional opportunity to own a prime piece of real estate in the rapidly growing city of Freeport, Florida. This expansive 11.44-acre property, consisting of two combined parcels, is ideally situated along US Highway 331 and is zoned R-3 for multi-family use. The property comes with a Development Order (D.O.) approved for 128 apartment units, along with building plans and surveys offering a rare, shovel-ready opportunity ideal for developers and investors alike. The location provides excellent visibility and accessibility along the bustling US Hwy 331 corridor, surrounded by a mix of residential and commercial growth.

Supplements: Just minutes from downtown Freeport, local schools, shopping, and essential services, the property is also within easy reach of the beautiful Beaches of South Walton, Interstate 10, and Highway 98. This is a prime development opportunity in one of Walton County's fastest-growing markets, where the demand for quality multi-family housing continues ... (Read more)

Listing Details MLS# 989106

Contract Info

Listing Board: Emerald Coast
List Price/Acre: 349650.35

Location Tax and Legal

Street #: 14874
Street Name: US-331 BUS
Area: 20 - Freeport
State: FL
Zip Code: 32439
County: Walton
Project Name/Subdivision: The Oaks of Freeport
Parcel ID: 10-1S-19-23000-004-0020

General Property Info

Sub-Type: Vacant Land
Acreage: 11.44

Location, Tax and Legal

Sub Area: 2007 - Bay Grove
Elementary School: Freeport
Middle School: Freeport
High School: Freeport
Legal Description: See document for legal description due to length.

More Information

Listing Info, Tax & Legal

Is Subject Leased: No
Assessment Fees: No
New Buyer Fee: No
Brokerage Interest: Ownership Interest - Listing Broker/Salesperson has ownership interest in the property.
As Is: Yes

Remarks & Misc

Remarks: Introducing an exceptional opportunity to own a prime piece of real estate in the rapidly growing city of Freeport, Florida. This expansive 11.44-acre property, consisting of two combined parcels, is ideally situated along US Highway 331 and is zoned R-3 for multi-family use. The property comes with a Development Order (D.O.) approved for 128 apartment units, along with building plans and surveys offering a rare, shovel-ready opportunity ideal for developers and investors alike. The location provides excellent visibility and accessibility along the bustling US Hwy 331 corridor, surrounded by a mix of residential and commercial growth.

Utilities

Public Sewer: Yes
Public Water: Yes

Zoning

Resid Multi-Family: Yes

Financing

Conventional: Yes

Property Features

Zoning: Resid Multi-Family Utilities: Public Sewer; Public Water Financing: Conventional

Listing Office: Corcoran Reverie SRB

Last Updated: November - 06 - 2025

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.