$4,900,000
Freeport, FL 32439
MLS# 1004535
1 / 2
Property Description
Positioned in the heart of Freeport, one of the fastest-growing communities in all of Florida, this expansive 222-acre parcel presents a rare and highly versatile investment opportunity in Walton County. Designated with a Future Land Use: Rural Residential and Zoning: Rural Village, the property offers exceptional flexibility for investors and developers alike. Whether envisioned as a large private estate, phased residential community, or a strategic subdivision and resale opportunity, the possibilities here are both diverse and scalable. The parcel is ideally located just 6 miles from U.S. Route 331, providing convenient access south to the world-renowned beaches of Scenic Highway 30A, which are only 20 minutes away. The property is also located just 20 minutes from Latitude ...
Details
Contract Info
Listing Board: Emerald Coast
List Price/Acre: 22072.07
List Date: 2026-06-03
List Price: $4,900,000
Location, Tax and Legal
Sub Area: 2013 - N. of 20 Windswept and Bruce
Elementary School: Freeport
Middle School: Freeport
High School: Freeport
Legal Description: BEG AT THE SE/C OF SEC 23 THENCE N ALONG THE E LINE OF SAID SEC 23 A DIST OF 25 CHAINS TO A POINT IN THE N ROW LINE OF ST RD #20 SAID POINT BEING THE POB THENCE CONT N ALONG E LINE OF SAID SEC 23 A DIST OF 20 CHAINS TO A POINT THENCE IN A NWLY DIRECTION ALONG THE W & S EDGE OF A CREEK SWAMP TO A POINT IN THE N LINE OF SAID SEC 23 THENCE S 54 DEG 30'W A DIST OF 31 CHAINS M OR L ON TO A POINT ON THE
General Property Info
Sub-Type: Vacant Land
Acreage: 222
Mineral Rights: No
Listing Info, Tax & Legal
Is Subject Leased: No
Assessment Fees: No
New Buyer Fee: No
Last Taxes: 17915.79
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: Positioned in the heart of Freeport, one of the fastest-growing communities in all of Florida, this expansive 222-acre parcel presents a rare and highly versatile investment opportunity in Walton County. Designated with a Future Land Use: Rural Residential and Zoning: Rural Village, the property offers exceptional flexibility for investors and developers alike. Whether envisioned as a large private estate, phased residential community, or a strategic subdivision and resale opportunity, the possibilities here are both diverse and scalable. The parcel is ideally located just 6 miles from U.S. Route 331, providing convenient access south to the world-renowned beaches of Scenic Highway 30A, which are only 20 minutes away. The property is also located just 20 minutes from Latitude ...
Lot Features
Irregular: 1
Survey Available: 1
Wooded: 1
Lot Access
Paved Road: 1
State Highway: 1
Utilities
Electric: 1
Public Water: 1
Septic Tank: 1
Tap Fee Due: 1
Other: 1
Zoning
Resid Single Family: 1
See Remarks: 1
None
Current Price: $4,900,000
Status Change Info
Status: Active
Location Tax and Legal
Street #: TBD
Street Name: Hwy 20
Area: 20 - Freeport
State: FL
Zip Code: 32439
County: Walton
Project Name/Subdivision: BEG AT THE SE/C OF SEC 23 THENCE N ALONG THE E LINE OF SAID SEC 23 A DIST OF 25 CHAINS TO A POINT I
Parcel ID: 23-1S-18-14000-001-0010
Property Features
Lot Access: Paved Road; State Highway
Lot Features: Irregular; Survey Available; Wooded
Zoning: Resid Single Family; See Remarks
Utilities: Electric; Public Water; Septic Tank; Tap Fee Due; Other
Supplements
Margaritaville and just under 30 minutes from the Panama City Beach Airport. The Airport is currently undergoing a large expansion, positioning it to become a principal port of entry into the area. The new Florida State University affiliate Hospital and Clinics, currently under construction, will also only be an easy 20 minutes drive. This prime positioning places future residents within easy reach of coastal amenities while enjoying the privacy and space of a rural setting. The parcel is the site of the proposed "Quail Run" residential development, envisioned to include approximately 400 homesites along with two 40,000-square-foot commercial buildings, creating a thoughtfully designed mixed-use community. Surrounded by the continued growth and demand driving Freeport and the greater Emerald Coast region, this property stands as a prime opportunity to capitalize on Northwest Florida's upward trajectory. With substantial acreage, favorable zoning, and subdivision plans already drawn up, this offering is well-positioned for immediate and long-term development success.
Contact the Listing Agent for Additional Property Information.
Listing Office: Christies International Real Estate Emerald Coast
Last Updated: June - 03 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
