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Mixed-Use Land for Sale in Freeport, Florida

14874 US-331 Bus, Freeport, FL 32439

$4,000,000
11.4 acres
Active
ago
Est $30,035/mo

Introducing an exceptional opportunity to own a prime piece of real estate in the rapidly growing city of Freeport, Florida. This expansive 11.44-acre property, consisting of two combined parcels, is ideally situated along US Highway 331 and is zoned R-3 for multi-family use. The property comes with a Development Order (D.O.) approved for 128 apartment units, along with building plans and surveys offering a rare, shovel-ready opportunity ideal for developers and investors alike. The location provides excellent visibility and accessibility along the bustling US Hwy 331 corridor, surrounded by a mix of residential and commercial growth. Just minutes from downtown Freeport, local schools, shopping, and essential services, the property is also within easy reach of the beautiful Beaches of South Walton, Interstate 10, and Highway 98. This is a prime development opportunity in one of Walton County's fastest-growing markets, where the demand for quality multi-family housing continues to rise. Inquire today to learn more. Buyer to verify all information deemed important.

Location

Street address
14874 US-331 Bus
Community
The Oaks of Freeport
Elevation
45 feet
Coordinates
30.5147, -86.1321

Property details

Acreage
11.44 acres
Zoning
Resid Multi-Family
MLS #
ECARMLS 989106
Posted

Parcels

  • 10-1S-19-23000-004-0020

Legal description

Details and features

Listing

Type
Land
Franchise
Independent

Structure

Sewer
Public Sewer

Nearby schools

NameLevelDistrictDescription
FreeportElementary
FreeportMiddle
FreeportHigh

Listing history

DateEventPriceChangeSource
Nov 6, 2025New listing$4,000,000ECARMLS
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This 11.44-acre property is located at 14874 US-331 Bus in Freeport, FL 32439. The property is available for sale for $4,000,000 with a price per acre of $349,650.

Checked 50 mins ago — Updated

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Copyright (C) 2025 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.

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