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    14874 Us-331 Bus Freeport, FL 32439

    For Sale
    $4,000,000

    LAND - Freeport, FL

    Lot size:
    11.44 Acres
    Days on Market:
    30
    Last Refresh:
    Dec 5 at 11:06 pm

    Property Features for 14874 Us-331 Bus

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Resid Multi-Family
    APN
    10-1S-19-23000-004-0020
    Lot size
    11.44 Acres

    Utilities

    Sewer type
    Public Sewer

    Hilary & Reverie (850) 231-2850 [email protected]

    Listing agent Hilary K Farnum-Fasth (850) 231-5030 License #662303

    Listing date Nov 6, 2025

    Copyright © 2025 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.

    Overview

    Freeport, FL Multifamily Development Land

    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.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    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.
    (850) 231-5030
    Request Owner's contact information
    14874 Us-331 Bus Freeport, FL 32439
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    14874 Us-331 Bus Freeport, FL 32439
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