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    5 Prospect St Freeport, FL 32439

    For Sale
    $60,000

    LAND - Freeport, FL

    Lot size:
    0.16 Acres
    Days on Market:
    31
    Last Refresh:
    Dec 12 at 5:06 am

    Property Features for 5 Prospect St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    15-1S-19-23080-000-0050
    Lot size
    0.16 Acres

    Pelican Real Estate (850) 896-1225 [email protected]

    Listing agent Michael Blevins (850) 230-4514 License #SL3331221

    Listing date Nov 12, 2025

    MLS# 781502 Listing URL

    Copyright © 2025 Central Panhandle 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

    Vacant Lot in Freeport, FL

    This 0.16-acre vacant lot is located in a peaceful residential neighborhood in Freeport, Florida. The homesite offers a quiet environment while remaining approximately 20 minutes from the Gulf's beaches. The property is centrally located near local schools and shopping options, including the new Publix supermarket area on 331. Freeport is noted as one of the fastest-growing cities in the Florida Panhandle. This lot presents an affordable entry point into the Walton County real estate market. It is suitable for a permanent residence, vacation home, or investment property. Freeport offers a serene lifestyle with proximity to outdoor activities, including boating and hiking in nearby state parks. The area has a family-friendly atmosphere with a school system and community events, and easy access to the amenities of Destin and Panama City Beach.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Spa & Massage Auto Repair Shop Hotel & Motel Gym & Fitness Department Store Storage Facility HVAC Service Discount Store Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    County
    Walton
    State
    Florida
    Longitude
    -86.135907
    Latitude
    30.492522

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    FAQs

    What type of property is this?
    Land - 0.16-acre vacant lot in a growing coastal community.
    Where is this land located?
    The property is located at 5 Prospect St Freeport, FL.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: - Prime location, just 20 minutes from the Gulf's sugar white beaches and scenic 30A corridor.; - Located in Freeport, one of the fastest-growing cities in the Florida Panhandle.; - Affordable entry point into the Walton County real estate market.
    (850) 230-4514
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    5 Prospect St Freeport, FL 32439
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