High-Density Residential Development
For Sale
$1,000,000
Pending
331 N Business, Freeport, FL 32439
Land, Freeport, FL
Property SizeContact for details
Lot Size9.11 Acres
Days on Market59
Property Features for 331 N Business
General Information
Property type
Land
Property subtype
Other
Zoning
City, Resid Multi-Family
Subdivision
03-1S-19-23060-000-0000
Lot features
Addl Land Available, Survey Available, Wooded
Elementary school
Freeport
Middle school
Freeport
High school
Freeport
Directions
From Highway 20 take Business Highway 331 N. Property is located approximately 2.5 miles on west side of Business Highway 331.
Standard status
Pending
APN
03-1S-19-23060-000-0000
Lot size
9.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
N3/4 OF S1/2 OF NW1/4 OF NE1/4 BEING BLK A & B PALMETTO EST S/D UNREC LESS LOTS 3,7,8 BLK A & LOT 1 BLK B LESS: THE S1/2 OF N1/2 OF S1/2 OF S1/2 OF NW1/4 OF NE1/4 & N1/2 OF S1/2 OF NW1/4 OF NE1/4 & N1/4 OF S1/2 OF S1/2 OF NW1/4 OF NE1/4; ALL LYING EAST OF ST RD 83 OR 2491-84 OR 2650-3682 OR 2977-3634 OR 3211-2856
Tax Annual Amount
2305
Legal Description
N3/4 OF S1/2 OF NW1/4 OF NE1/4 BEING BLK A & B PALMETTO EST S/D UNREC LESS LOTS 3,7,8 BLK A & LOT 1 BLK B LESS: THE S1/2 OF N1/2 OF S1/2 OF S1/2 OF NW1/4 OF NE1/4 & N1/2 OF S1/2 OF NW1/4 OF NE1/4 & N1/4 OF S1/2 OF S1/2 OF NW1/4 OF NE1/4; ALL LYING EAST OF ST RD 83 OR 2491-84 OR 2650-3682 OR 2977-3634 OR 3211-2856
Utilities
Sewer type
Public Sewer
Listing Agency:
Brannon Real Estate Services
(850) 585-8016
Listed By:
Donyer R Miller · License #3466547
(850) 598-4250
Added: Jul 29
Changed: Sep 13
Last Checked: Sep 25 at 7:06AM
MLS# 1008702
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 residential development land totals approximately 9.11 acres and is located in the city limits of Freeport, Florida. The property is zoned R-3 High Density Residential and includes approximately 500 feet of frontage on Business Highway 331. The flood zone rating is X.
City water, city sewer, and power are available to the site, supporting ready access to essential utilities for future development planning. Freeport Elementary, Freeport Middle School, and Freeport High School are located within 2 miles of the property, and the Freeport Industrial Park is approximately 1/2 mile away.
The offering also notes that additional land may be available. Please reference MLS#932565 for additional information.
City water, city sewer, and power are available to the site, supporting ready access to essential utilities for future development planning. Freeport Elementary, Freeport Middle School, and Freeport High School are located within 2 miles of the property, and the Freeport Industrial Park is approximately 1/2 mile away.
The offering also notes that additional land may be available. Please reference MLS#932565 for additional information.
Key Highlights
- Approximately 10+/- acres in the city limits of Freeport, FL on Business Hwy 331
- About 500 ft of frontage on Business Hwy 331
- Zoned R‑3 High Density Residential
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
Business Placement
Demographics for 32439, FL
12,943
Population
6,772
Households
1.9
Avg Household Size
41
Median Age
30%
College-Educated
92%
High-School Grad
96.5 sq mi
ZIP Area
134
Density / Sq Mi
$77,500
Median Household Income
$40,358
Median Earnings
$1,657
Median Rent
$343,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Zoned R-3 with approximately 500 feet of frontage on Business Highway 331 in Freeport, with city utilities available.
Where is this residential land & home lot located?
The property is located at 331 N Business Freeport, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Approximately 10+/- acres in the city limits of Freeport, FL on Business Hwy 331; About 500 ft of frontage on Business Hwy 331; Zoned R‑3 High Density Residential
