Improved Mixed-Use Land for Sale in Freeport, Florida

Bayview COMMERCIAL / HOSPITALITY OPPORTUNITY | 3.43 Acres | 480' Highway & Bay Frontage | Freeport, FL Rare 3.43+/- acre BLUFF-TOP PROPERTY overlooking Choctawhatchee Bay with approximately 480 FEET OF FRONTAGE along State Road 20, offering exceptional property VISIBILITY AND SIGNAGE EXPOSURE on one of Walton County's fastest growing corridors. With AADT traffic counts of approximately 11,400 vehicles per day, the property provides outstanding exposure for destination-based businesses, event venues, hospitality concepts, or live-work commercial operations. Currently operating as a short-term rental and private event venue, the property demonstrates an existing revenue model while offering substantial opportunity for expansion or redevelopment. The site includes two substantial structures totaling approximately 9,000+ square feet: " Main Building - 7,589 SF with multiple gathering areas, kitchens, and accommodatio suitable for hospitality or retreat use " Guest Building - 1,426 SF with kitchen, living area, and additional lodging. Positioned on an elevated bluff overlooking the Choctawhatchee Bay, the property features panoramic water views, expansive outdoor entertaining areas, a large pool, and more than 5,000 square feet of patio space. The 3.43-acre parcel provides significant room for additional structures, parking expansion, or phased development, making it attractive for investors seeking to scale operations. The property lies within Walton County's Rural Village future land use designation, which supports a mix of residential and neighborhood-scale commercial uses. Potential uses include: - Boutique Inn / Bed & Breakfast - Wedding or Event Venue - Corporate Retreat Center - Wellness or Yoga Retreat - Live-Work Business Campus - Professional Office or Creative Campus Neighborhood commercial uses such as bed and breakfast establishments, professional offices, and live/work concepts are permitted within this land use category. Located approximately 15 minutes from Destin and the beaches, the property benefits from proximity to major tourism destinations while offering the space, privacy, and accessibility rarely found closer to the coast. An exceptional opportunity for investors, hospitality operators, or entrepreneurs seeking a highly visible destination property with development potential. Buyer to verify all information including zoning, allowable uses, measurements, and development potential.