90 Acres Highway 331 S & Jolly Bay Road, Freeport, FL 32439 (MLS# 994779)

90 Acres Highway 331 S & Jolly Bay Road, Freeport, FL 32439

$29,700,000

Endless Possibilities with a Rare Bayfront Acreage Tract!

Virtual Tour

https://homescenes.com/tours/idx.cfm?PropertyID=85722

Rare Opportunity to Create an Awesome Development on an Amazing Site on Choctawhatchee Bay!

Blank Canvas for the Developer with Bayfront Dreams!

Eastern portion of property - looking South

Center of Property - looking South - Driveway through the middle of property to the Bay

Middle of Property - Gated Entrance - looking South to Choctawhatchee Bay

From the West looking East & South - Intersection at Hwy 331South & Jolly Bay Road

Looking East over Hwy 331 - Grady Brown County Park & Boat Launch at the bottom.

Looking North over Hwy 331 from Grady Brown County Park & Boat Launch

Highway 331 South, north of the Clyde Wells Bridge over Choctawhatchee Bay

From the bay looking north into the west side of the property (west tract with 45 Acres and the Hwy 331 Frontage)

Looking north into property on west side. West & East Sides being sold Together.

East portion of the property with 44 Acres and looking from the Bay to the north.

Looking north into property on east side. East And West sides being sold Together.

Entire Site of 90 Acres looking from the Bay north and west.

Entire site and looking west towards Hwy 331 and the Bay Bridge

Entire Site looking south and to the west. Frontage on Jolly Bay Road.

South and west view showing Choctawhatchee Bay Bridge (Clyde Wells Bridge)

Driveway through the center of property. Gated Entrance.

Marsh Area and looking westward from Driveway

From Boardwalk looking to the south and east

From Boardwalk looking to the south and west

Looking to the east - Intercoastal Waterway runs through Choctawhatchee Bay

Looking to the west - Bridge and westward to Destin Pass to the Gulf

Intersection at Hwy 331 South (on right side) and Jolly Bay Road (on left side) looking south towards the Bridge

From Hwy 331 South looking eastward on Jolly Bay Road - a County maintained paved road

Intersection of Jolly Bay Road and Hwy 331 South looking south & westward towards Grady Brown Park

Entrance of Property at the Gate - looking to the south and west

Entrance of the Property at the Gate - looking to the south and east

Interior of Property - cross roads cut in

Interior of the Property - main driveway with cross roads cut in

Main drive looking to the south towards Bay

Property Type: Commercial for Sale Lot Size (sq. ft.): 3,949,150 Status: Active

Current Price: $29,700,000 List Date: 2/07/2026 Last Modified: 2/10/2026

Description

Rare Opportunity! Bayfront Acreage Tract with Almost 2000 Feet on Choctawhatchee Bay! Located in Central Walton County and directly on the Gateway to South Walton Beaches. Hard Corner with approx. 150' on Hwy 331 along with a signalized intersection on US Highway 331 & Jolly Bay Road. Across the Highway from Grady Brown County Bayfront Park and Boat Launch. Jolly Bay Road is paved County road and has City water & sewer available. Numerous opportunities for development of Recreational & Community services. Cultural Arts, Marine Activities and Combined Use of Residential and Commercial possibilities. Property has two tracts and is being sold together as one tract. One of the last remaining large waterfront Parcels & none this close to the Highway & Bridge!!

More Information MLS# 994779

Contract Info

GCCMLS Number: 44249706 Listing Board: Emerald Coast List Date: 2026-02-07 List Price: $29,700,000

Location, Tax and Legal

Sub Area: 2008 - Jolly Bay Legal Description: Approximately 90 Acres with Lengthy Metes and Bounds Descriptions. Two Walton County Parcel ID Numbers: 04-2S-19-24000-023-0010 (West Tract) and 04-2S-19-24000-023-0031 (East Tract). Both Parcels will be sold together.

General Property Info

Listed on GCCMLS: Yes Description: Vacant Waterfront Acreage Vacant: Yes Immediate Occupancy: Yes Lot Depth: 1900 Zoning: Rural Village Lot Frontage: 2100 Future Land Use: Rural Residential Acreage: 90.66

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: Rare Opportunity! Bayfront Acreage Tract with Almost 2000 Feet on Choctawhatchee Bay! Located in Central Walton County and directly on the Gateway to South Walton Beaches. Hard Corner with approx. 150' on Hwy 331 along with a signalized intersection on US Highway 331 & Jolly Bay Road. Across the Highway from Grady Brown County Bayfront Park and Boat Launch. Jolly Bay Road is paved County road and has City water & sewer available. Numerous opportunities for development of Recreational & Community services. Cultural Arts, Marine Activities and Combined Use of Residential and Commercial possibilities. Property has two tracts and is being sold together as one tract. One of the last remaining large waterfront Parcels & none this close to the Highway & Bridge!!

Class

Land: 1 Other: 1

Waterfront

Bay: 1 Intracoastal Wtrwy: 1 Shore - Natural: 1 Waterfront Feet: 2000+/-

Land

Property Type: Other (See Notes) Price P/Acre: 330000

None

Current Price: $29,700,000

Status Change Info

Status: Active

Location Tax and Legal

Area: 20 - Freeport Street #: 90 Acres Street Name: Highway 331 S & Jolly Bay Road State: FL Zip Code: 32439 County: Walton Parcel ID: 04-2S-19-24000-023-0010

Property Features

Class: Land; Other Waterfront: Bay; Intracoastal Wtrwy; Shore - Natural

Listing Office: Palmetto Properties & Realty LLC

Last Updated: February - 10 - 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.