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Waterfront Lot on Mallet Bayou
For Sale
$500,000

Bay Grove Road, Freeport, FL 32439

LAND - Freeport, FL

Property SizeContact for details
Lot Size0.35 Acres
Days on Market466

Property Features for Bay Grove Road

General Information

Property type Land
Property subtype Other
Zoning Resid Single Family
Subdivision BAY GROVE
Lot features Wooded
Elementary school Freeport
Middle school Emerald Coast
High school Freeport
Directions Head north on I-75, then west on I-10 to Exit 85, continue south on FL-331 to Bay Grove Rd.
Standard status Active
APN 33-1S-19-23000-001-0173
Lot size 0.35 Acres

Taxes and HOA fees

Tax Description COM AT THE SW/C OF GOV LOT 1 3217/1768
Legal Description COM AT THE SW/C OF GOV LOT 1 3217/1768

Utilities

Water front 1
Listing Agency: Beycome of Florida LLC
Listed By: Steve Koleno · License #BK3469487
Added: May 5, 2025 Changed: May 26 Last Checked: Aug 13 at 3:06AM
MLS# 975572

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.

Investment Insights

Based on property information with market context.

This waterfront lot in Freeport, FL, offers waterfront living with approximately 80 feet of deep and protected water frontage on Mallet Bayou off of Choctawhatchee Bay. Located on Bay Grove Rd, this lot offers privacy and seclusion with access to Choctawhatchee Bay and the Gulf. The 0.35-acre lot is a prime site for building a dream home. The property is zoned for single-family residential use. Despite its slow pace location, the lot is conveniently close to beaches, shops, schools, restaurants and amenities, just 10 minutes away. Topo Survey and Tree Survey are already completed and available with purchase.

Key Highlights

  • 80 feet of deep and protected waterfrontage on Mallet Bayou.
  • Rare waterfront parcel on the highly coveted Bay Grove Rd.
  • Direct access to Choctawhatchee Bay, the Gulf, and beyond.

Property Analytics

Current Use

Waterfront Land

Location Intelligence

Trade Area within ½ mile

21
Businesses Nearby

Demographics for 32439, FL

12,943
Population
6,772
Households
1.9
Avg Household Size
41
Median Age
30%
College-Educated
92%
High-School Grad
96.5 sq mi
ZIP Area
134
Density / Sq Mi
$77,500
Median Household Income
$40,358
Median Earnings
$1,657
Median Rent
$343,900
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Waterfront Land - Waterfront lot with 80 feet of frontage on Mallet Bayou.
Where is this waterfront land located?
The property is located at Bay Grove Road Freeport, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 80 feet of deep and protected waterfrontage on Mallet Bayou.; Rare waterfront parcel on the highly coveted Bay Grove Rd.; Direct access to Choctawhatchee Bay, the Gulf, and beyond.
More about this property
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