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    Magnolia Dr Freeport, FL 32439

    For Sale
    $100,000

    0.51-acre residential lot in Freeport, FL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 0.51-acre residential lot, identified as Parcel 0320 (APN: 28-1S-19-23040-00D-0320), is situated in the desirable LaGrange Shores neighborhood of Freeport, Florida, and is priced at $100,000. Located on Magnolia Drive, this property benefits from its proximity to high-traffic US-331, boasting an impressive daily traffic count of 25,000 vehicles. US-331 stretches 150 miles, connecting Santa Rosa Beach, FL, to Montgomery, AL, ensuring excellent visibility and accessibility. The lot is zoned Rural Village, providing flexibility for development. Its strategic location places it adjacent to a vibrant commercial corridor featuring national retailers and businesses, including Publix, McDonald's, Waffle House, Dairy Queen, FedEx, UPS, Subway, Exxon, and Shell, among others. This prime location offers both residential tranquility and the convenience of nearby amenities. The property presents a unique opportunity for residential development in a thriving area. The zip code is 32439.

    Property Features for 0 Magnolia Dr

    General Information

    Property type
    Land
    Lot Size
    22,216 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Freeport
    County
    Walton
    State
    Florida
    Longitude
    -86.147514869147
    Latitude
    30.471229213067

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    FAQs

    What type of property is this?
    Land - 0.51-acre residential lot in Freeport, FL
    Where is this land located?
    The property is located at Magnolia Dr Freeport, FL.
    What is the asking price?
    The asking price for this property is $100,000.
    (850) 977-6991
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    Magnolia Dr 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
    Magnolia Dr Freeport, FL 32439
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