$4,995,000
Freeport, FL 32439
MLS# 971000
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Property Description
This exceptional 57.27-acre development parcel is situated in the heart of the rapidly growing Freeport market area. Strategically located just east of Hammock Bay with 1000 feet on Hwy 20, the property is only minutes from the thriving business district along Hwy 331, as well as area Schools. It's a quick 20-minute drive to the stunning beaches of 30A, along with world-class shopping and dining options. The property is zoned Commercial Residential and within the City of Freeport Zoning District, with development potential ranging from 2 to 14 dwelling units per acre. Commercial frontage along Hwy 20. SELLER IS WILLING TO SPLIT THE PROPERTY, DEEDING THE MAJOR UPLAND PORTION TO THE BUYER AND RETAINING THE CONSERVATION WETLANDS. Buyer to verify data for its own use.
Details
Contract Info
Listing Board: Emerald Coast
List Price/Acre: 87218.44
List Date: 2025-03-13
List Price: $4,995,000
Location, Tax and Legal
Sub Area: 2005 - S. of 20 to Hwy 331
Elementary School: Freeport
Middle School: Freeport
High School: Freeport
Legal Description: COM AT A POINT WHERE W BDY OF NE1/4 OF NE1/4 INTERSECTS S BDY OF ST RD #20 THENCE RUN S 1197.86FT TO BEG, S 388.02FT, E 1347.18FT, N 388.02FT, W 1347.18FT TO POB & ALSO:COM AT POINT WHERE W BDY OF NE1/4 OF NE1/4 INTERSECTS S BDY OF ST RD 20 RUN S 809.84FT, E 380FT TO BEG; E 190FT N PARALLEL TO E BNY OF SEC TO S BNY OF ST RD #20 NWLY TO A POINT ON LINE RUNNING N FROM POB; S TO POB ORB 55-73 & ALSO:
General Property Info
Sub-Type: Vacant Land
Acreage: 57.27
Mineral Rights: No
Listing Info, Tax & Legal
Is Subject Leased: No
Assessment Fees: No
New Buyer Fee: No
Last Taxes: 15388.24
Last Tax Year: 2024
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: This exceptional 57.27-acre development parcel is situated in the heart of the rapidly growing Freeport market area. Strategically located just east of Hammock Bay with 1000 feet on Hwy 20, the property is only minutes from the thriving business district along Hwy 331, as well as area Schools. It's a quick 20-minute drive to the stunning beaches of 30A, along with world-class shopping and dining options. The property is zoned Commercial Residential and within the City of Freeport Zoning District, with development potential ranging from 2 to 14 dwelling units per acre. Commercial frontage along Hwy 20. SELLER IS WILLING TO SPLIT THE PROPERTY, DEEDING THE MAJOR UPLAND PORTION TO THE BUYER AND RETAINING THE CONSERVATION WETLANDS. Buyer to verify data for its own use.
Sale Type
Accept Backup Offers: 1
Waterfront
Creek: 1
Waterfront Feet: 1350
Waterview
Creek: 1
Lot Features
Interior: 1
Irregular: 1
Wetlands: 1
Wooded: 1
Lot Access
County Road: 1
Paved Road: 1
State Highway: 1
Utilities
Community Sewer: 1
Community Water: 1
Electric: 1
Gas Available: 1
Phone: 1
Zoning
City: 1
Commercial: 1
Horses Allowed: 1
Resid Multi-Family: 1
Resid Single Family: 1
None
Current Price: $4,995,000
Status Change Info
Status: Active
Location Tax and Legal
Street #: xx
Street Direction: W
Street Name: St Highway 20
Street Suffix: Highway
Area: 20 - Freeport
State: FL
Zip Code: 32439
County: Walton
Project Name/Subdivision: METES & BOUNDS
Parcel ID: 16-1S-19-23000-001-0001
Property Features
Sale Type: Accept Backup Offers
Lot Access: County Road; Paved Road; State Highway
Lot Features: Interior; Irregular; Wetlands; Wooded
Zoning: Commercial; Horses Allowed; Resid Multi-Family; Resid Single Family
Waterfront: Creek
Waterview: Creek
Utilities: Community Sewer; Community Water; Electric; Gas Available; Phone
Listing Office: Century 21 AllPoints Realty
Last Updated: April - 10 - 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.
