14874 331 Business Freeport, FL 32439
Estimated payment $21,825/month
Total Views
11,581
11.44
Acres
$349,650
Price per Acre
498,326
Sq Ft Lot
About This Lot
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.
Property Details
Property Type
- Land
Lot Details
- 11.44 Acre Lot
- Lot Dimensions are 1030x509
- Property is zoned Resid Multi-Family
Schools
- Freeport Elementary And Middle School
- Freeport High School
Community Details
- The Oaks Of Freeport Subdivision
Listing and Financial Details
- Assessor Parcel Number 10-1S-19-23000-004-0020
Map
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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 |
|---|---|---|---|---|
| 2025 | $9,663 | $765,178 | $759,281 | $5,897 |
| 2024 | $2,741 | $204,303 | $198,406 | $5,897 |
| 2023 | $2,741 | $204,303 | $198,406 | $5,897 |
| 2022 | $3,454 | $309,512 | $220,231 | $89,281 |
| 2021 | $2,961 | $219,004 | $149,262 | $69,742 |
| 2020 | $2,604 | $187,678 | $126,338 | $61,340 |
| 2019 | $2,531 | $182,966 | $122,659 | $60,307 |
| 2018 | $2,487 | $179,166 | $0 | $0 |
| 2017 | $2,444 | $175,475 | $116,749 | $58,726 |
| 2016 | $2,378 | $174,942 | $0 | $0 |
| 2015 | $2,389 | $173,728 | $0 | $0 |
| 2014 | $2,424 | $174,433 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/06/2025 11/06/25 | For Sale | $4,000,000 | +79.8% | -- | |
| 04/19/2024 04/19/24 | Sold | $2,225,000 | -3.3% | $1,344 / Sq Ft | View Prior Sale |
| 02/09/2024 02/09/24 | Pending | -- | -- | -- | |
| 01/22/2024 01/22/24 | For Sale | $2,300,000 | 0.0% | $1,389 / Sq Ft | |
| 01/15/2024 01/15/24 | For Sale | $2,300,000 | -- | $1,389 / Sq Ft | |
| 01/14/2024 01/14/24 | Pending | -- | -- | -- |
Source: Emerald Coast Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,225,000 | None Listed On Document | |
| Quit Claim Deed | $100 | None Listed On Document | |
| Deed | $330,000 | None Available | |
| Special Warranty Deed | $325,000 | Attorney | |
| Trustee Deed | -- | Attorney | |
| Trustee Deed | -- | None Available | |
| Warranty Deed | $500,000 | Mcneese Title Llc | |
| Warranty Deed | $1,600,000 | Dune Title Company Llc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,600,000 | Balloon |
Source: Public Records
About the Listing Agent
With nearly 30 years of experience, Hilary Farnum-Fasth is a recognized leader in luxury and new development real estate, setting the standard for excellence along 30A and beyond. Her deep market expertise, strategic foresight, and ability to bring high-end communities to life have made her an indispensable partner to developers, investors, and discerning buyers.
Hilary’s career began in new construction, where she played a pivotal role in the early development of WaterSound Beach
Hilary's Other Listings
-
$4,995,000 Pre-Foreclosure
- 4 Beds
- 4.5 Baths
- 4,283 Sq Ft
- 3191 W County Highway 30a
- Santa Rosa Beach, FL
-
$8,500,000 New Construction
- 4 Beds
- 4.5 Baths
- 3,944 Sq Ft
- 4228 E County Highway 30a
- Unit 1
- Santa Rosa Beach, FL
-
$5,850,000 New Construction
- 5 Beds
- 5.5 Baths
- 3,688 Sq Ft
- 4228 E County Highway 30a
- Unit 5
- Santa Rosa Beach, FL
-
$3,484,000 New Construction
- 4 Beds
- 4.5 Baths
- 2,617 Sq Ft
- 65 Grace Point Way
- Unit C1
- Panama City Beach, FL
Source: Emerald Coast Association of REALTORS®
MLS Number: 989106
APN: 10-1S-19-23000-004-0020
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