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    Hwy 331 Freeport, FL 32439

    Sponsored
    For Sale
    $799,900

    LAND - Freeport, FL

    Lot size:
    1.72 Acres
    Days on Market:
    145
    Last Refresh:
    Jan 9 at 2:06 am

    Property Features for Hwy 331

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    County
    APN
    04-2S-19-24000-001-0011
    Lot size
    1.72 Acres

    Utilities

    Sewer type
    Public Sewer

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

    Listing agent Terry J Pilcher (850) 865-2541 License #706272

    Listing date Aug 18, 2025

    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.

    Overview

    Commercial Land on Highway 331

    This 1.72-acre commercial land offers high visibility and access, fronting Highway 331 South of Freeport, Florida. The property is located minutes from Freeport and Santa Rosa Beach, positioning it for development. It is suitable for building retail or office space. Utilities are located out front for connection. The land use is currently designated as Rural Residential and bordered by Commercial, requiring a change to the land use designation. This property is located in a rapidly growing corridor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Freeport
    County
    Walton
    State
    Florida
    Longitude
    -86.14496
    Latitude
    30.440014

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    FAQs

    What type of property is this?
    Commercial land - 1.72 acre commercial land with high visibility and access.
    Where is this commercial land located?
    The property is located at Hwy 331 Freeport, FL.
    What is the asking price?
    The asking price for this property is $799,900.
    What are key features of this property?
    This property features: - 1.72 acre commercial opportunity on HWY 331 South; - **Exceptionally high visibility and access**; - Minutes from Freeport and Santa Rosa Beach
    (850) 865-2541
    Request Owner's contact information
    Hwy 331 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

    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
    Hwy 331 Freeport, FL 32439
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