NOT LISTED FOR SALE

TBD Hwy Fl-20 Freeport, FL 32439

Estimated Value: $308,000 - $4,237,000

211 Acres
$12,679 Price per Acre
9,191,160 Sq Ft Lot

Last Sold July 21, 2021

Last sale price $3,400,000

Est. 21% decrease in value since last sale

Current estimated payment $15,460/month

108 Days on Market

About This Lot

As of July 2021

This exceptional parcel is 211+ acres, just minutes from 331 and east of Windswept on Highway 20. This is a rare offering with endless opportunity for private use or development of 180-200+ homesites (there are infinite options for subdividing). With the massive amount of development and growth from South Walton County to north of the bay, this property makes a very unique offering. The parcel is located less than 20 minutes from the beaches of South Walton and all the Emerald Coast offers. Buyer to verify all land use and property dimensions.

Last Agent to Sell the Property

Hannah Martin

Coastal Luxury Listed on: 01/13/2021

Coastal Luxury

Last Buyer's Agent

Kimberly Maxwell

Compass License #3350339

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,228

Lot Details

  • 211 Acre Lot

Schools

  • Freeport Elementary And Middle School
  • Freeport High School

Community Details

  • 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 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 23-1S-18-14000-001-0010

Property Details

Property Type

Land

Est. Annual Taxes

$10,228

Lot Details

0

Listing Details

  • Property Sub Type: Vacant Land
  • Prop. Type: Land
  • Lot Size Acres: 211.0
  • Lot Size: na/na
  • Subdivision Name: 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
  • Directions: Driving north on 331 from South Walton County turn east (right) on hwy 20 towards 79. The parcel is located just east of Windswept Dunes.
  • Special Features: None

Utilities

  • Utilities: Other

Schools

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

Lot Info

  • Lot Size Sq Ft: 9191160.0
  • Parcel #: 23-1S-18-14000-001-0010
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 10227.75
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2021
Closed on
Jul 20, 2021
Sold by
Porter At Freeport Inc
Bought by
Hathaway Real Estate Investments Llc
Seller's Agent
Hannah Martin
Coastal Luxury
Buyer's Agent
Kimberly Maxwell
Compass
List Price
$3,400,000
Sold Price
$3,400,000
Current Estimated Value
$2,675,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$724,667
Avg. Annual Appreciation
-5.40%

Purchase Details

Closed on
Dec 13, 2007
Sold by
Quail Run At Freeport Llc
Bought by
Porter At Freeport Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Interest Rate
7.25%
Mortgage Type
Balloon

Purchase Details

Closed on
May 12, 2005
Sold by
Kennedy Lee F
Bought by
Quail Run At Freeport Llc

Purchase Details

Closed on
Jan 27, 2005
Sold by
Powell Stanley Bruce
Bought by
Kennedy Lee F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,636,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
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
Hathaway Real Estate Investments Llc $3,400,000 Rodgers Kiefer Title
Porter At Freeport Inc $2,109,700 None Available
Quail Run At Freeport Llc $9,000,000 Southern Escrow & Title Llc
Kennedy Lee F $4,500,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Porter At Freeport Inc $2,400,000
Previous Owner Kennedy Lee F $3,636,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2021 07/21/21 Sold $3,400,000 0.0% --
05/01/2021 05/01/21 Pending -- -- --
01/13/2021 01/13/21 For Sale $3,400,000 -- --
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 $16,652 $2,302,259 $2,215,000 $87,259
2023 $16,652 $1,668,314 $0 $0
2022 $13,025 $1,516,649 $1,438,006 $78,643
2021 $11,262 $1,280,691 $1,221,995 $58,696
2020 $10,293 $1,106,612 $1,055,000 $51,612
2019 $10,228 $1,105,698 $1,055,000 $50,698
2018 $10,261 $1,104,487 $0 $0
2017 $10,300 $1,104,285 $1,055,000 $49,285
2016 $10,401 $1,103,796 $0 $0
2015 $10,566 $1,102,743 $0 $0
2014 $10,730 $1,103,288 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2021

    Hannah Martin

    Coastal Luxury

    Section Image
  • Kimberly Maxwell

    Buyer's Agent in 2021

    Kimberly Maxwell

    Compass

    (850) 259-1231

    72 Total Sales

    Kimberly Maxwell
    Section Image
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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 862373

Emerald Coast Association of REALTORS®

APN: 23-1S-18-14000-001-0010

Florida Walton County Freeport 32439

TBD Hwy Fl-20, Freeport, FL

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