NOT LISTED FOR SALE

OO W Bay Loop Dr Freeport, FL 32439

Estimated Value: $480,000

4.58 Acres
$104,803 Price per Acre
199,505 Sq Ft Lot

Last Sold December 14, 2020

Last sale price $140,000

Est. 243% increase in value since last sale

Current estimated payment $2,587/month

322 Days on Market

About This Lot

As of December 2020

Five acre parcel for your ranchette with lots of privacy and mature trees and has frontage on small lake with stream that connects to Alaqua Bayou. This parcel has an old homestead (1930s) structure on it, but has no value. Close to downtown Freeport and convenient to the beaches, shopping and restaurants in South Walton and along 30A, you get the peaceful life and privacy only found once in a lifetime! Have a builder and plans ranging from 1955 SF at 455K build out to 3545 at 760K build out costs on top of lot price. Ask for details.
Zoned rural village two units per acre. City water available and city sewer available. Five acre ranchette for your home with lots of privacy and mature trees. Close to downtown Freeport and convenient to the beaches, shopping and restaurants in South Walton and along 30A, you get the peaceful life and privacy only found once in a lifetime! Zoned rural village two units per acre. City water available and city sewer available. Power on lot because of old home. Home needs to be removed and is not livable.

Bay Loop Drive is located in Freeport, FL, a region of Central/South Walton poised to grow with the recently widened Highway 331 just a few miles away which has brought in new businesses to the area. Many area residents and tourists coming to the beaches of South Walton who are looking for a quieter place away from the busy traffic south of the bay, this location is perfect! Alaqua Bayou, where this property sits is part of Choctawhatchee Bay, which feeds straight to the Gulf of Mexico.

The property is convenient to Santa Rosa Beach, Grayton Beach, Blue Mountain Beach, Scenic Highway 30A and the Gulf of Mexico and close to world famous Seaside, Florida - site of the movie "The Truman Show." Only Five miles to the new Publix shopping plaza on 331, 17 miles to Highway 98 (to Destin and Panama City) and six miles on Highway 20 (to Niceville/Eglin Air Force Base). Twenty-one miles to I10 and DeFuniak Springs.

Excellent high performing schools and city utilities help to make this an extremely valuable property.

Last Agent to Sell the Property

S Kimberly Maxwell

Christies International Real Estate Emerald Coast Listed on: 11/09/2019

Last Buyer's Agent

S Kimberly Maxwell

30A Local Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $744

Lot Details

  • 4.58 Acre Lot
  • Lot Dimensions are 440x640x180x680
  • Property fronts a private road
  • Property fronts an easement
  • Wooded Lot
  • Property is zoned Agriculture, Horses

Schools

  • Freeport Elementary And Middle School
  • Freeport High School

Utilities

  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 18-1S-19-23000-008-0090

Property Details

Property Type

Land

Est. Annual Taxes

$744

Lot Details

0

Listing Details

  • Property Sub Type: Vacant Land
  • Prop. Type: Land
  • Lot Size Acres: 4.58
  • Lot Size: 440X640X180X680
  • Road Frontage Type: Private Road, Easement
  • Directions: Take Bay Loop Road west (83A) south approximately 4 miles the property will be on east side to your right and is marked by signage.
  • Utilities:Public Water: Yes
  • Utilities:Septic Tank: Yes
  • Special Features: None

Exterior Features

  • Lot Features: Wooded
  • Lot Features:Wooded: Yes

Utilities

  • Utilities: Public Water, Septic Tank

Schools

  • Elementary School: Freeport
  • High School: Freeport
  • Middle Or Junior School: Freeport

Lot Info

  • Lot Size Sq Ft: 199504.8
  • Parcel #: 18-1S-19-23000-008-0090
  • Zoning: Agriculture, Horses
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2019
Closed on
Dec 14, 2020
Sold by
Welch Wynell C and Cuchens Howard K
Bought by
Mcgregory Jason David and Mcgregory Colleen Ann
Seller's Agent
S Kimberly Maxwell
Christies International Real Estate Emerald Coast
Buyer's Agent
S Kimberly Maxwell
30A Local Real Estate
List Price
$140,000
Sold Price
$140,000
Current Estimated Value
$480,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$340,000
Original Mortgage
$126,000
Outstanding Balance
$112,378
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 11, 2017
Sold by
Welch Wynell C and Cuchens Howard K
Bought by
Welch Wynell C and Cuchens Howard K

Purchase Details

Closed on
Mar 12, 2014
Sold by
Grayton Development Group Llc
Bought by
Cuchens Howard K and Welch Wynell C

Purchase Details

Closed on
Jul 8, 2009
Sold by
Welch Wynell C
Bought by
Welch Wynell C and Cuchens Howard K

Purchase Details

Closed on
Jul 9, 2007
Sold by
Cuchens Hubert E
Bought by
Welch Wynell C and Cuchens Hubert E

Purchase Details

Closed on
May 18, 2005
Sold by
Cuchens Hubert E
Bought by
Grayton Development Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
5.88%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mcgregory Jason David $140,000 Mitchell Land And Title Inc
Welch Wynell C -- None Available
Cuchens Howard K -- Attorney
Welch Wynell C -- None Available
Welch Wynell C -- None Available
Grayton Development Group Llc $440,800 Whitehead Land & Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcgregory Jason David $126,000
Previous Owner Grayton Development Group Llc $382,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/11/2023 01/11/23 Off Market $140,000 -- --
12/14/2020 12/14/20 Sold $140,000 0.0% --
09/26/2020 09/26/20 Pending -- -- --
11/09/2019 11/09/19 For Sale $140,000 -- --
Source: Emerald Coast Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $744 $127,250 $123,450 $3,800
2023 $744 $23,106 $0 $0
2022 $663 $115,961 $114,961 $1,000
2021 $221 $16,782 $15,782 $1,000
2020 $442 $27,228 $13,358 $13,870
2019 $430 $26,418 $12,969 $13,449
2018 $421 $25,674 $0 $0
2017 $414 $25,094 $12,345 $12,749
2016 $337 $24,814 $0 $0
2015 $410 $24,393 $0 $0
2014 -- $24,393 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 835009

Emerald Coast Association of REALTORS®

APN: 18-1S-19-23000-008-0090