A rare opportunity to create a private waterfront estate in Freeport, featuring an incredible 282 feet of frontage along Mallet Bayou and 2.43 acres spanning three lots. The home sits on two parcels, with a third vacant lot offering the flexibility to build, sell, or preserve for ultimate privacy. This estate is a true blank slate ready for transformation, with sheetrock in place, new windows and doors installed, and a freshly painted exterior already completed. Envision resort-style living with a pool, hot tub, sauna, multiple refinished fireplaces, and a spacious 4-car garage. With major improvements already underway, this is your chance to design a one-of-a-kind waterfront retreat and bring your dream vision to life.
Single-familyProperty Type
1989Year Built
2.43 acresLot Size
$191Price/Sq.Ft.
4 car garageParking
Listed by The Jennings The Jennings Team• By the Water Realty
Bought with The Jennings The Jennings Team• By the Water Realty
Est. $4,869 per month, based on comparable rentals
Sale and tax history for 680 Mallet Bayou Rd
Sale History
Tax History
Date
Event
Price
ECAR #1001454
Jun 17, 2026
Sold
$1,500,000
$191/sq ft
Apr 24, 2026
Listed
$1,700,000
$216/sq ft
ECAR #972332
Sep 29, 2025
Price Changed
$1,999,000
$254/sq ft
Jul 9, 2025
Price Changed
$2,100,000
$267/sq ft
May 10, 2025
Price Changed
$2,150,000
$273/sq ft
Mar 27, 2025
Listed
$2,250,000
$286/sq ft
ECAR #532201
May 21, 2010
Sold
$655,000
$83/sq ft
May 21, 2010
Sold
$655,000
$83/sq ft
Feb 18, 2010
Listed
$680,000
$86/sq ft
Feb 18, 2010
Listed
$680,000
$86/sq ft
+27
BANK APPROVED SHORT SALE PRICE BASED ON APPRAISAL ON 3/24/2010!!! THIS IS YOUR CHANCE TO PURCHASE TARA IN FREEPORT. THIS MEGA SIZE MANSION IS LOCATED ON MALLET BAYOU WITH 275 FT OF BAYOU FRONTAGE, HAS 5 BEDROOMS, 5.5 BATHS, FITNESS ROOM, SAUNA, 2 LIVING AREAS, MEGA SIZE MASTER SUITE, HIS AND HER BATHS WITH GI-NORMOUS HIS AND HER CLOSETS. LARGE GOURMET KITCHEN WITH GRANITE, CONVECTION OVEN, JENNAIR COOKTOP, TRASH COMPACTOR, WOOD CABINETS, APPLIANCE GARAGE, BREAKFAST ROOM AND BREAKFAST BAR. 1ST FLOOR HAS 3 DIFFERENT LIVING AREAS, 3 GAS FIREPLACES, RAISED FORMAL DINING ROOM WITH HARDWOODS. MASTER SUITE ON 2ND FLOOR HAS ATTACHED SITTING ROOM OVERLOOKING BAYOU, ENORMOUS HIS AND HER BATH SUITE'S, & LAUNDRY OFF MASTER BATH. PICTURES AND WORDS DO NOT DO THIS HOME JUSTICE. THIS HOME HAS 7,870 SQ FT HEATED AND COOLED AND 10,490 UNDER ROOF. THIS IS JUST $50.43 PER SQ FT. OF UNDER ROOF FOOTAGE. THIS HOME CANNOT BE DUPLICATED AT THIS PRICE. YOU MUST COME AND SEE. ALL SQ FOOTAGE IS TAKEN FROM WALTON COUNTY TAX RECORDS AND SHOULD BE VERIFIED BY PURCHASER.
Year
Property tax
Land + Additions
Assessment*
2025
$13,369 (+0.5%)
$676,800 + $936,258
$1,613,058
2024
$13,300 (−0.4%)
$642,960 + $949,644
$1,592,604
2023
$13,358 (+104.5%)
$642,960 + $963,030
$1,605,990
2021
$6,531 (−1.8%)
2020
$6,649 (+3.0%)
2019
$6,457 (+1.5%)
2018
$6,360 (+1.8%)
2017
$6,249 (+1.2%)
2016
$6,178 (−0.9%)
2015
$6,237 (−2.3%)
$261,670 + $422,098
$683,768
2014
$6,381
Public record
Public record
Zoning
Beds
5
Baths
5
Stories
2
Lot width
28 ft.
Lot depth
75 ft.
Lot size
2.43 Acres
Year renovated
1989
Sq. Ft.
7,870
Year built
1989
Style
Single Family Residential
County
Walton County
APN
341S19231000000031
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 26, 2026.
RV
Rural Village District
The Rural Village Future Zoning District is intended to support and encourage a mixture of residential and non-residential uses typical of small rural villages.