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

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 to rise. Inquire today to learn more. Buyer to verify all information deemed important.

More Information MLS# 989106

None

Current Price: $4,000,000

Status Change Info

Status: Active

Contract Info

List Date: 2025-11-06 List Price: $4,000,000 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

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© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

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