TBD Hwy 20, Freeport, FL 32439

New Listing
$4,900,000
Property Type: Land Lot Size (sq. ft.): 9,670,320 Status: Active
Current Price: $4,900,000 List Date: 6/03/2026 Last Modified: 6/03/2026

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 positioning places future residents within easy reach of coastal amenities while enjoying the privacy and space of a rural setting. The parcel is the site of the proposed "Quail Run" residential development, envisioned to include approximately 400 homesites along with two 40,000-square-foot commercial buildings, creating a thoughtfully designed mixed-use community. Surrounded by the continued growth and demand driving Freeport and the greater Emerald Coast region, this property stands as a prime opportunity to capitalize on Northwest Florida's upward trajectory. With substantial acreage, favorable zoning, and subdivision plans already drawn up, this offering is well-positioned for immediate and long-term development success. Contact the Listing Agent for Additional Property Information.

More Information MLS# 1004535

Contract Info

Listing Board: Emerald Coast List Price/Acre: 22072.07 List Date: 2026-06-03 List Price: $4,900,000

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

General Property Info

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

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: 1 Survey Available: 1 Wooded: 1

Lot Access

Paved Road: 1 State Highway: 1

Utilities

Electric: 1 Public Water: 1 Septic Tank: 1 Tap Fee Due: 1 Other: 1

Zoning

Resid Single Family: 1 See Remarks: 1

None

Current Price: $4,900,000

Status Change Info

Status: Active

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

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: June - 03 - 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.