13000 State Highway 20 W Freeport, FL 32439
Estimated payment $11,715/month
Highlights
- Property Fronts a Bay or Harbor
- In Ground Pool
- Cathedral Ceiling
- Freeport Middle School Rated A-
- Maid or Guest Quarters
- Marble Flooring
About This Home
A RARE INCOME-GENERATING OPPORTUNITY - BAYFRONT ESTATE WITH UNMATCHED VERSATILITY! Whether you're seeking a PROFITABLE EVENT VENUE for Weddings, Corporate Retreats, or Family Reunions - or dreaming of a sprawling FAMILY COMPOUND** - this 3.5-ACRE WATERFRONT ESTATE offers limitless potential. Perfectly perched on an elevated bluff with PANORAMIC VIEWS OF THE CHOCTAWHATCHEE BAY, this one-of-a-kind property features a 7,589 SF MAIN HOUSE with 7 bedrooms, 6 full and 3 half bathrooms, 2 kitchens, plus a 1,426 SF GUEST HOUSE with 3 bedrooms, 3 bathrooms, a full kitchen, and living/dining area. The EXPANSIVE GROUNDS provide ample space for additional structures to further increase revenue potential. Host guests in style with over 5,000 SF of patio space, a huge SALTWATER POOL facing the bay, and sweeping sun-drenched lawns beneath a canopy of oak trees. A fishing hotspot with local grass beds sits just offshore, and you have the option to build a private dock on your deeded waterfront land across the street or launch from nearby Choctaw Beach.
With three gated entrances, multiple storage sheds, and breathtaking sunrise views over the bay, this estate offers both privacy and grandeur. Located just 15 minutes from Destin's white sand beaches and a scenic drive to 30A's world-class shops and dining, but without the high price per square foot or seasonal congestion.
The current owner enjoys six-figure part-time rental income from private events and luxury vacation stays, with room to scale year-round income through strategic marketing. Don't miss this once-in-a-lifetime opportunity to own a profitable bayfront retreat! Call today for your private showing!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,928
Year Built
- Built in 1983
Lot Details
- 3.43 Acre Lot
- Property Fronts a Bay or Harbor
- Property fronts a state road
- Property is Fully Fenced
- Chain Link Fence
- Sprinkler System
- Lawn Pump
Home Design
- Villa
- Slate Roof
- Stucco
- Slate
Interior Spaces
- 9,015 Sq Ft Home
- 2-Story Property
- Furnished
- Shelving
- Crown Molding
- Paneling
- Beamed Ceilings
- Cathedral Ceiling
- Ceiling Fan
- Recessed Lighting
- Fireplace
- Plantation Shutters
- Living Room
- Bay Views
- Fire and Smoke Detector
Kitchen
- Breakfast Bar
- Electric Oven or Range
- Cooktop
- Microwave
- Ice Maker
- Dishwasher
- Wine Refrigerator
- Kitchen Island
- Disposal
Flooring
- Wood
- Laminate
- Marble
- Tile
Bedrooms and Bathrooms
- 10 Bedrooms
- Split Bedroom Floorplan
- Maid or Guest Quarters
- In-Law or Guest Suite
- Separate Shower in Primary Bathroom
- Garden Bath
Laundry
- Dryer
- Washer
Outdoor Features
- In Ground Pool
- Balcony
- Covered patio or porch
- Shed
Schools
- Freeport Elementary And Middle School
- Freeport High School
Utilities
- Multiple cooling system units
- Central Heating and Cooling System
- Tankless Water Heater
- Septic Tank
Community Details
- Choctaw Beach Subdivision
Listing and Financial Details
- Assessor Parcel Number 28-1S-21-41010-008-0200
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $10,911 | $1,170,901 | $489,750 | $681,151 |
| 2023 | $10,911 | $1,172,168 | $0 | $0 |
| 2022 | $12,956 | $1,910,938 | $1,234,281 | $676,657 |
| 2021 | $9,274 | $1,065,472 | $560,824 | $504,648 |
| 2020 | $8,282 | $880,667 | $484,178 | $396,489 |
| 2019 | $7,536 | $804,346 | $413,200 | $391,146 |
| 2018 | $9,153 | $976,252 | $0 | $0 |
| 2017 | $9,170 | $974,081 | $413,200 | $560,881 |
| 2016 | $9,229 | $970,472 | $0 | $0 |
| 2015 | $9,279 | $959,636 | $0 | $0 |
| 2014 | $9,485 | $966,605 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/02/2025 04/02/25 | For Sale | $1,949,000 | +29.9% | $216 / Sq Ft |
| 01/27/2023 01/27/23 | Sold | $1,500,000 | -6.3% | $166 / Sq Ft |
| 11/17/2022 11/17/22 | Pending | -- | -- | -- |
| 11/17/2022 11/17/22 | For Sale | $1,600,000 | +299.0% | $177 / Sq Ft |
| 09/04/2022 09/04/22 | Off Market | $401,000 | -- | -- |
| 04/20/2018 04/20/18 | Sold | $401,000 | 0.0% | $44 / Sq Ft |
| 02/20/2018 02/20/18 | Pending | -- | -- | -- |
| 01/11/2018 01/11/18 | For Sale | $401,000 | -- | $44 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,500,000 | New Frontier Title Llc | |
| Warranty Deed | $401,000 | Fidelity National Title Of F | |
| Deed | $100 | -- | |
| Trustee Deed | $40,100 | Attorney | |
| Warranty Deed | $200,000 | -- | |
| Warranty Deed | -- | Dolphin Land Title Inc | |
| Warranty Deed | -- | Dolphin Land Title Inc | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $900,000 | New Conventional | |
| Previous Owner | $1,860,000 | Negative Amortization | |
| Previous Owner | $1,000,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $500,000 | Credit Line Revolving | |
| Previous Owner | $120,000 | No Value Available |
Source: Emerald Coast Association of REALTORS®
MLS Number: 971137
APN: 28-1S-21-41010-008-0200
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