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    Island Grove Dr Freeport, FL 32439

    For Sale
    $195,000

    1.02-acre residential lot in Freeport, FL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This 1.02-acre residential lot, located on Island Grove Drive in Freeport, Florida, presents a unique opportunity. The property, identified by APN 29-1S-19-23010-00D-0000, is zoned Rural Village and offers convenient access to US-331, a major thoroughfare boasting 25,000 vehicles daily. Its prime location places it near a variety of established businesses, including national retailers such as Publix, McDonald's, Waffle House, Dairy Queen, FedEx, UPS, Subway, Exxon, and Shell, ensuring convenient access to amenities and services. The lot is part of the Cross Creek Shores neighborhood, specifically Lots 15-18. This parcel provides a strong foundation for residential development in a thriving area, benefiting from high traffic counts on a major highway and proximity to numerous retail establishments. The asking price for this exceptional property is $195,000. This Walton County land offers a compelling investment opportunity for those seeking a residential building site in a well-located and established community.

    Property Features for 0 Island Grove Dr

    General Information

    Property type
    Land
    Lot Size
    44,431 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Freeport
    County
    Walton
    State
    Florida
    Longitude
    -86.164776785112
    Latitude
    30.459069131881

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    FAQs

    What type of property is this?
    Land - 1.02-acre residential lot in Freeport, FL
    Where is this land located?
    The property is located at Island Grove Dr Freeport, FL.
    What is the asking price?
    The asking price for this property is $195,000.
    (850) 977-6991
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    Island Grove 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

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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
    Island Grove Dr Freeport, FL 32439
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