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    19494 Us Highway 331 Freeport, FL 32439

    For Sale
    $4,250,000

    LAND - Freeport, FL

    Lot size:
    14.44 Acres
    Days on Market:
    69
    Last Refresh:
    Dec 10 at 7:06 pm

    Property Features for 19494 Us Highway 331

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial, County, Resid
    APN
    34-1S-19-23000-014-0000
    Lot size
    14.44 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well
    Water front features
    Pond
    Water front
    1

    Merrifield & Pilcher Realty LLC (850) 892-9650 [email protected]

    Listing agent Sally R Merrifield (850) 865-0640 License #492292

    Listing date Oct 3, 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 Land Near Clyde Wells

    This 14.4-acre property is located just north of the Clyde Wells Bridge, providing convenient access to South Walton and the beach. The front portion of the property is designated for commercial use, while the remaining area is zoned as rural residential, according to the Walton County Land Use Map. Approximately 68% of the property is located in Zone X, according to the NWFWMD Flood Map. The property borders Mallet Bayou, which flows into Choctawhatchee Bay, and features a small pond with a dam. It has approximately 300 feet of frontage on US Highway 331 and approximately 550 feet on Laird Dr. Davis Rd, a private drive into the property, is referenced in several maps and the legal description. The land remains untouched, showcasing mature oak trees. The property is located in the County, offering various possibilities for development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel Department Store Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    County
    Walton
    State
    Florida
    Longitude
    -86.137193
    Latitude
    30.44586

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    FAQs

    What type of property is this?
    Commercial land - 14.4 acres in Freeport, FL with commercial and residential zoning.
    Where is this commercial land located?
    The property is located at 19494 Us Highway 331 Freeport, FL.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: - 14.4 acres with commercial and rural residential land use.; - Easy access to South Walton and the Beach via Clyde Wells Bridge.; - Approximately 300 ft of frontage on US Hwy 331 and 550 ft on Laird Dr.
    (850) 865-0640
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    19494 Us Highway 331 Freeport, FL 32439
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    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
    19494 Us Highway 331 Freeport, FL 32439
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