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US Highway 331 Hwy
Freeport, FL 32439
Retail/Commercial Development Opportunity · Land For Sale
·
88.00 AC
Investment Highlights
- Positioned at the intersection of US Highway 331 and State Road 20.
- Suitable for multifamily, build-to-rent, townhome, and active adult projects.
- Surrounded by expanding residential communities and new development.
- Entitled for residential and commercial development.
- Located within one of Walton County's fastest-growing corridors.
- Convenient access to Destin, Santa Rosa Beach, and Panama City Beach.
Executive Summary
Positioned at the signalized intersection of US Highway 331 and State Road 20, this ±88-acre land offering represents one of the most significant development opportunities in Freeport, Florida. Located in the heart of Walton County's rapidly expanding growth corridor, the property is ideally suited for a variety of residential and mixed-use development concepts, including multifamily, build-to-rent communities, townhomes, workforce housing, active adult communities, and master-planned projects with supporting commercial uses.
The site benefits from exceptional regional connectivity, with direct access to the primary transportation corridors linking residents and visitors throughout the Emerald Coast. Its strategic location provides convenient access to Destin, Santa Rosa Beach, Panama City Beach, Northwest Florida Beaches International Airport, and numerous employment, recreation, and tourism destinations that continue to fuel residential demand across the region.
The site benefits from exceptional regional connectivity, with direct access to the primary transportation corridors linking residents and visitors throughout the Emerald Coast. Its strategic location provides convenient access to Destin, Santa Rosa Beach, Panama City Beach, Northwest Florida Beaches International Airport, and numerous employment, recreation, and tourism destinations that continue to fuel residential demand across the region.
Property Facts
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 88.00 AC |
| Property Type | Land | Cross Streets | State Road 20 |
| Property Subtype | Commercial | ||
| Zoning | 009900 - AC NON-AG - 009900 - AC NON-AG | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 88.00 AC |
| Cross Streets | State Road 20 |
| Zoning | 009900 - AC NON-AG - 009900 - AC NON-AG |
1 Lot Available
Lot
| Lot Size | 88.00 AC |
| Lot Size | 88.00 AC |
Description
The property consists of approximately 88 acres located at the northeast quadrant of US Highway 331 and State Road 20 in Freeport, Florida. The site is entitled for a mix of medium-density residential and commercial development under City of Freeport designations. The property is situated along two major transportation corridors and is surrounded by existing and planned residential development.
Property Taxes
| Parcel Number | 14-1S-19-23000-012-0020 | Improvements Assessment | $0 |
| Land Assessment | $5,610,780 | Total Assessment | $5,610,780 |
Property Taxes
Parcel Number
14-1S-19-23000-012-0020
Land Assessment
$5,610,780
Improvements Assessment
$0
Total Assessment
$5,610,780
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