TBD Hwy 20, Freeport, FL 32439 (MLS# 1004535)

TBD Hwy 20, Freeport, FL 32439

$4,900,000

Property Type: Land Lot Size (sq. ft.): 9,670,320 Status: Pending

Current Price: $4,900,000 List Date: 6/03/2026 Last Modified: 7/27/2026

Overview

Description

Positioned in the heart of Freeport, one of the fastest-growing communities in all of Florida, this expansive 222-acre parcel presents a rare and highly versatile investment opportunity in Walton County. Designated with a Future Land Use: Rural Residential and Zoning: Rural Village, the property offers exceptional flexibility for investors and developers alike. Whether envisioned as a large private estate, phased residential community, or a strategic subdivision and resale opportunity, the possibilities here are both diverse and scalable. The parcel is ideally located just 6 miles from U.S. Route 331, providing convenient access south to the world-renowned beaches of Scenic Highway 30A, which are only 20 minutes away. The property is also located just 20 minutes from Latitude ...

Supplements: Margaritaville and just under 30 minutes from the Panama City Beach Airport. The Airport is currently undergoing a large expansion, positioning it to become a principal port of entry into the area. The new Florida State University affiliate Hospital and Clinics, currently under construction, will also only be an easy 20 minutes drive. This prime po ... (Read more)

Listing Details MLS# 1004535

Status Change Info

Under Contract Date: 2026-07-27

Contract Info

Listing Board: Emerald Coast
List Price/Acre: 22072.07

Location Tax and Legal

Street #: TBD
Street Name: Hwy 20
Area: 20 - Freeport
State: FL
Zip Code: 32439
County: Walton
Project Name/Subdivision: BEG AT THE SE/C OF SEC 23 THENCE N ALONG THE E LINE OF SAID SEC 23 A DIST OF 25 CHAINS TO A POINT I
Parcel ID: 23-1S-18-14000-001-0010

General Property Info

Sub-Type: Vacant Land
Mineral Rights: No
Acreage: 222

Location, Tax and Legal

Sub Area: 2013 - N. of 20 Windswept and Bruce
Elementary School: Freeport
Middle School: Freeport
High School: Freeport
Legal Description: BEG AT THE SE/C OF SEC 23 THENCE N ALONG THE E LINE OF SAID SEC 23 A DIST OF 25 CHAINS TO A POINT IN THE N ROW LINE OF ST RD #20 SAID POINT BEING THE POB THENCE CONT N ALONG E LINE OF SAID SEC 23 A DIST OF 20 CHAINS TO A POINT THENCE IN A NWLY DIRECTION ALONG THE W & S EDGE OF A CREEK SWAMP TO A POINT IN THE N LINE OF SAID SEC 23 THENCE S 54 DEG 30'W A DIST OF 31 CHAINS M OR L ON TO A POINT ON THE

More Information

Listing Info, Tax & Legal

Is Subject Leased: No
Assessment Fees: No
New Buyer Fee: No
Last Taxes: 17915.79
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes

Remarks & Misc

Remarks: Positioned in the heart of Freeport, one of the fastest-growing communities in all of Florida, this expansive 222-acre parcel presents a rare and highly versatile investment opportunity in Walton County. Designated with a Future Land Use: Rural Residential and Zoning: Rural Village, the property offers exceptional flexibility for investors and developers alike. Whether envisioned as a large private estate, phased residential community, or a strategic subdivision and resale opportunity, the possibilities here are both diverse and scalable. The parcel is ideally located just 6 miles from U.S. Route 331, providing convenient access south to the world-renowned beaches of Scenic Highway 30A, which are only 20 minutes away. The property is also located just 20 minutes from Latitude ...

Lot Features

Irregular: Yes
Survey Available: Yes
Wooded: Yes

Lot Access

Paved Road: Yes
State Highway: Yes

Utilities

Electric: Yes
Public Water: Yes
Septic Tank: Yes
Tap Fee Due: Yes
Other: Yes

Zoning

Resid Single Family: Yes
See Remarks: Yes

Property Features

Lot Access: Paved Road; State Highway Lot Features: Irregular; Survey Available; Wooded Zoning: Resid Single Family; See Remarks Utilities: Electric; Public Water; Septic Tank; Tap Fee Due; Other

Listing Office: Christies International Real Estate Emerald Coast

Last Updated: July - 27 - 2026

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.