14874 US-331 BUS, Freeport, FL 32439

Listing agent Hilary K Farnum-Fasth License #662303 Show Phone

Listing office Corcoran Reverie SRB i***@hilaryreverie.com 5410 E Cnty Hwy 30A #103, Inlet Beach, FL Show Phone

Listing date Nov 6, 2025

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MLS# 989106 Listing URL

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Overview

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.

Map

City

Freeport

County

Walton

State

Florida

Longitude

-86.132061

Latitude

30.51474

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FAQs

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.