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Freeport Land on Highway 331
For Sale
$2,650,000
Pending

20.2 Acres US-331, Freeport, FL 32439

LAND - Freeport, FL

Lot Size19.82 Acres
Days on Market877

Property Features for 20.2 Acres US-331

General Information

Property type Land
Property subtype Other
Zoning Business, Commercial, Res
Lot features Irregular, Survey Available, Within 1/2 Mile to Water, Wooded
Elementary school Freeport
Middle school Freeport
High school Freeport
Directions Hwy 331 South. Pass Freeport Publix. This land is just south of Waterside Ln. 120 ft of this property is on Waterside Ln and can be accessed from Waterside Ln.
Subdivision 20 - Freeport
Standard status Pending
APN 34-1S-19-23000-001-0100
Lot size 19.82 Acres

Taxes and HOA fees

Tax Year 2023
Tax Description COM NE/C SEC, RUN W 1879 FT, S 620.73 FT TO POB, N 87 DEG 09' 15'' W 345 FT, N 88 DEG 36'58'' W 215.38 FT, N 79 DEG 43'33'' W 174.33 FT, N 68 DEG 41'10'' W 204.09 FT, N 62 DEG 09'12'' W 108.10 FT, N 79 DEG 14'16'' W 326.5 FT, S 946.5 FT, N 89 DEG 38'45'' E 1318.6 FT TO W R/W ST RD 83, N 1 DEG 08'00'' E 698.91 FT TO POB. (23.51 AC) ALSO COM NE/C SEC, RUN W 1879 FT TO W R/W ST RD 83, S 1 DEG 08'00''
Tax Annual Amount 3684
Legal Description COM NE/C SEC, RUN W 1879 FT, S 620.73 FT TO POB, N 87 DEG 09' 15'' W 345 FT, N 88 DEG 36'58'' W 215.38 FT, N 79 DEG 43'33'' W 174.33 FT, N 68 DEG 41'10'' W 204.09 FT, N 62 DEG 09'12'' W 108.10 FT, N 79 DEG 14'16'' W 326.5 FT, S 946.5 FT, N 89 DEG 38'45'' E 1318.6 FT TO W R/W ST RD 83, N 1 DEG 08'00'' E 698.91 FT TO POB. (23.51 AC) ALSO COM NE/C SEC, RUN W 1879 FT TO W R/W ST RD 83, S 1 DEG 08'00''
Listing Agency: Keller Williams Realty Destin
Listed By: John A King · License #440464
Added: Mar 5, 2024 Changed: Apr 27 Last Checked: Jul 30 at 4:06PM
MLS# 943946

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 19.82-acre property is zoned Rural Village and features 700 feet of frontage on Highway 331, along with 120 feet of access along Waterside Lane. The land offers the potential for division into approximately 6 acres for commercial shopping or business use and 12 acres for a residential subdivision. An alternative development option includes a live, work, play community. The property is located in Freeport, Florida. Available documentation from the seller includes a boundary survey, TOPO survey, and wetland delineation.

Key Highlights

  • 700ft of frontage on Hwy 331 offers high visibility and accessibility.
  • Zoned Rural Village allows for diverse development options.
  • Potential for commercial (6 acres) and residential (12 acres) development.

Property Analytics

Current Use

Commercial land

Location Intelligence

Trade Area within ½ mile

24
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?
Commercial land - 19.82 acres in Freeport, Florida with development potential.
Where is this commercial land located?
The property is located at 20.2 Acres US-331 Freeport, FL.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 700ft of frontage on Hwy 331 offers **high visibility and accessibility**.; Zoned Rural Village allows for diverse development options.; Potential for **commercial (6 acres) and residential (12 acres) development**.
More about this property
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