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    104 george ellis road Freeport, FL 32439

    Source: https://www.saltercompany.com
    For Sale
    $5,500,000

    6.8 acres, two homes, three docks, bayou views.

    Property size:
    296,208 SF

    Description

    Added:
    Feb 19, 2025
    Days on Market:
    298
    Exceptional 6.8-acre waterfront development opportunity in Freeport, Florida, situated on Lagrange Bayou. This remarkable property boasts 725 feet of waterfront access, offering breathtaking bayou views and a coveted coastal lifestyle. Currently featuring two existing single-family homes, the land presents a unique blend of immediate income potential and significant future development possibilities. Three existing docks enhance the property's appeal and recreational value. The expansive acreage allows for the creation of up to eleven new residential units, with six enjoying direct waterfront access, making it an ideal project for discerning developers seeking a high-demand location. The property is located at 104 George Ellis Road, Freeport, FL 32439, and is priced at $5,500,000. This is a rare chance to acquire a substantial waterfront parcel with existing structures, providing immediate return and long-term growth potential in a desirable coastal community. The lot size is 6.08 acres. This is a truly exceptional opportunity for investors and developers alike.

    Property Features for 104 george ellis road

    General Information

    Property type
    Other land
    Square Feet
    296,208 SF
    Price / Square Foot
    $18
    Elevators
    N/A
    Lot Size
    264,845 SF

    HighLights

    • Prime 6.8‑acre waterfront site in Freeport, FL, offering exceptional development potential.
    • Two existing homes and three docks included, providing immediate income potential.
    • 725 feet of waterfront on Lagrange Bayou allows for up to 11 new residences.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Freeport
    State
    Florida

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    FAQs

    What type of property is this?
    Land - 6.8 acres, two homes, three docks, bayou views.
    Where is this land located?
    The property is located at 104 george ellis road Freeport, FL.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: Prime 6.8-acre waterfront site in Freeport, FL, offering exceptional development potential.; Two existing homes and three docks included, providing immediate income potential.; 725 feet of waterfront on Lagrange Bayou allows for up to 11 new residences.
    (850) 231-6052
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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.

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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
    104 george ellis road Freeport, FL 32439
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