Freeport, FL Multifamily Development
14874 US-331 BUS Freeport, FL 32439
For Sale
$4,000,000
LAND - Freeport, FL
Lot Size11.44 Acres
Days on Market266
Property Features for 14874 US-331 BUS
General Information
Property type
Land
Property subtype
Other
Zoning
Resid Multi-Family
Standard status
Active
APN
10-1S-19-23000-004-0020
Lot size
11.44 Acres
Taxes and HOA fees
Tax Description
See document for legal description due to length.
Utilities
Sewer type
Public Sewer
Listing Agency:
Corcoran Reverie SRB
(850) 231-5030
Listed By:
Hilary K Farnum-Fasth · License #662303
(850) 685-0171
Added: Nov 6, 2025
Changed: Jun 13
Last Checked: Jul 30 at 1:06AM
MLS# 989106
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 11.44-acre property in Freeport, Florida, consists of two combined parcels situated along US Highway 331. Zoned R-3 for multi-family use, the property has a Development Order approved for 128 apartment units, along with building plans and surveys. The location provides visibility and accessibility along the US Hwy 331 corridor, surrounded by residential and commercial areas. It is located minutes from downtown Freeport, local schools, shopping, and essential services, and is within easy reach of the Beaches of South Walton, Interstate 10, and Highway 98. This property presents a development opportunity in Walton County's market, where the demand for multi-family housing continues to rise.
Key Highlights
- Shovel‑ready: Includes Development Order (D.O.) approved for 128 apartment units, building plans, and surveys.
- Zoned R‑3 for multi‑family use on 11.44 acres (two combined parcels).
- Prime location on US Highway 331 in rapidly growing Freeport, Florida.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Commercial land - 11.44 acres with development order for 128 apartment units.
Where is this commercial land located?
The property is located at 14874 US-331 BUS Freeport, FL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Shovel‑ready: Includes Development Order (D.O.) approved for 128 apartment units, building plans, and surveys.; Zoned R‑3 for multi‑family use on 11.44 acres (two combined parcels).; Prime location on US Highway 331 in rapidly growing Freeport, Florida.
