Great Development Opportunity in the City Limits of Freeport, Florida. 10 +/- acres located on Business Highway 331 in Freeport. Freeport is considered one of the fastest growing cities in Florida. Approximately 500 feet of highway frontage on Business Highway 331 zoned R-3 High Density Residential with a Flood Zone Rating of X makes this an ideal property for development. City water, city sewer and power are available. Freeport, Elementary, Freeport Middle School and Freeport High School are located within 2 miles of this property. Freeport Industrial park is located approximately1/2 miles from this property. Additional land is available. Please see MLS#932565 for information. Only 20 minutes to the Beaches of South Walton, 10 minutes to Choctawhatchee Bay, 30 minutes to Eglin Air Force Base, and only 15 minutes to Interstate 10 and DeFuniak Springs. Power, water and sewer are available on this property. Property is ideally located for development.
Vacant landProperty Type
9.11 acresLot Size
$131,723Price/Acres
Listed by Donyer Miller• Brannon Real Estate Services
Listed by Call 'E' for Everything In Real Estate! Brannon• Brannon Real Estate Services
Zoned R-3. Residential development opportunity in Freeport. The sale of this property includes 2 parcels, for a total of 9.611 acres per property appraiser records (03-1S-19-23060-00A-0030 lot is included). Per Freeport Planning and Zoning, parcel is part of existing subdivision, with potential of being divided into 17 lots if road was put in. Purely administrative, would not need to be voted on. The R-3 allows for multi family housing, school, stadium, church, recreation center and much more. The owner has not done a timber cruise but it does appear to have some value in timber.
ECAR #827955
Jul 24, 2019
Listed
$219,000
Public Records
Jan 21, 2005
Sold
$175,000
Public Records
May 21, 2003
Sold
$325,000
Year
Property tax
Land + Additions
Assessment*
2025
$2,305 (+13.8%)
2024
$2,026 (+0.3%)
$154,884
2023
$2,021 (−8.0%)
$154,884
2022
$2,197 (+105.5%)
$171,920
2021
$1,069 (+10.4%)
2020
$968 (+3.4%)
$71,790
2019
$936 (+1.7%)
$69,694
2018
$921 (+2.7%)
$68,337
2017
$896
$66,335
Public record
Beds
—
Baths
—
Stories
—
Lot width
8 ft.
Lot depth
15 ft.
Lot size
9.11 Acres
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Walton County
APN
031S19230600000000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 9, 2026.
Property details
Exterior
Farm Information
Farm Information: Timber, Wooded
Lot Information
Lot Features: Addl Land Available, Survey Available, Wooded
Lot Size (Acres): 9.11
Lot Size (Sq. Ft.): 396831.6
Lot Size Dimensions: 500x1000
Road Frontage Type: City Street, Private Road, Highway
Acreage: 9.11
Lot Access: City Road, Private Road, U.S. Highway
Zoning: City, Resid Multi-Family
Financial
Tax Information
Tax Annual Amount: $2,304.75
Tax Year: 2025
Utilities
Utility Information
Utilities: Electric, Public Sewer, Public Water, TV Cable
Water Source: Public
Location
School Information
Elementary School: Freeport
Middle School: Freeport
High School: Freeport
Community Information
Subdivision Name: 03-1S-19-23060-000-0000
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 9.11 acres
Style: Vacant Land
Year Built: —
Year Renovated: —
County: Walton County
APN: 031S19230600000000
Home facts updated by county records on Sep 8, 2026
Around this home
Schools
Freeport Elementary School
Public K-4 • Assigned • 2.8mi
8/10
Freeport Middle School
Public 5-8 • Assigned • 2.8mi
8/10
Freeport Senior High School
Public 9-12 • Assigned • 2.6mi
7/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.77% chance of being in a wildfire in next 30 years
10/10 Heat Factor
7 days above 105° expected this year, 21 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Freeport, FL • 32439
Average low and high temperatures (°F)
61
39
68
48
75
54
80
60
83
68
88
73
91
76
88
74
89
69
81
61
75
55
66
45
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
94/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Freeport. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.3 hrs
6.7 hrs
JuneDecember
Provided by Shadowmap
Sell confidently with a local market expert in Freeport.