FOR SALE - ACTIVE

TBD S 331 Hwy,
Freeport, FL 32439

$3,200,000

Est.

—

Beds

—

Baths

2.22

Acres (Lot)

About this home

'Gateway to South Walton'. This 2.22 acres has 650 feet of frontage on Hwy 331 and is located just before crossing the Clyde Wells Bridge going to South Walton. Located on the West side of Hwy 331S, it is just steps from Walton County Grady Brown Park. This parcel has a zoning designation of ''General Commercial'', and lies in Flood Zone ''X'' & AE-7. Property currently has a paved drive off Short Ave. & also a paved drive off Hwy 331S. No Wetlands or Wetland Characteristics are evident within the site boundaries. The entire 2.2 acres have a paved road on all sides.

18 daysOn Redfin

Vacant landProperty Type

2.22 acresLot Size

$1,441,441Price/Acres

Listed by Maurice Gilbert • Gilbert Realty

Listed by John Witherspoon • Gilbert Realty

Redfin checked: a few seconds ago (May 30, 2025 at 12:57pm)

•Source:ECAR #976116

Around this home

Schools
Places
Transit

8/10

Freeport Elementary School

Public, PreK-4 • Assigned • 2.9mi

7/10

Freeport Middle School

Public, 5-8 • Assigned • 3.5mi

8/10

Freeport Senior High School

Public, 9-12 • Assigned • 7.5mi

Provided by GreatSchools

Payment calculator

Open houses

Property details

Exterior

Financial

Utilities

Location

School Information

Elementary School: Freeport

Middle School: Freeport

High School: Freeport

Location Information

Sub Area: 2007 - Bay Grove

Area: 20 - Freeport

Street #: TBD
Street Direction: S
Street Name: 331
Street Suffix: Highway
City: Freeport
County: Walton
State: FL
Zip Code: 32439
Project Name/Subdivision: NO RECORDED SUBDIVISION
Absolute Longitude: 86.118896
Longitude: -86.118896
Latitude: 30.503952
Directions: From Hwy. 98 & 331S go North and cross the 331 bridge, take first left turn onto Bay Grove Road. Property is immediately on your right. From the intersection of Hwy 20 & 331, go South and exit on Short Street. Property is on your left.

Public facts

Other

Sale and tax history for TBD S 331 Hwy

Sale History
Tax History

Today

May 12, 2025

Date

Listed (Active)

ECAR #976116

$3,200,000

Price

May, 2025

May 9, 2025

Date

Price Changed

PARMLS #643140

$600,000

Price

Mar 7, 2025

Date

Price Changed

PARMLS #643140

$699,000

Price

Jun 21, 2024

Date

Relisted (Active)

PARMLS #643140

—

Price

Apr 4, 2024

Date

Listed (Active)

PARMLS #643140

$899,000

Price

Listing provided courtesy of Pensacola Association of Realtors MLS (PARMLS)

*****Huge Reduction*****This rare opportunity in the fastest growing area in Florida! The subject property is a 4.53-acre corner parcel featuring 331 feet of prime road frontage on Business 334 and 519 feet on Pope St. The land is situated in flood zone X, is flat, level, and offers immense potential for development. The parcel is ideally suited for a retail strip center, office buildings, multi-residential, and other commercial endeavors. Current traffic count on Business 331 is 14,000 daily and growing! The property's location and features make it a highly attractive investment opportunity. With its prime location and various development opportunities, this corner parcel is perfect for investors looking to create a profitable commercial enterprise.

Climate risks

Most homes have some risk of natural disasters, and may be impacted by climate change due to rising temperatures and sea levels.

Flood Factor

We’re working on getting current and accurate flood risk information for this home.

Fire Factor

We’re working on getting current and accurate fire risk information for this home.

Heat Factor

We’re working on getting current and accurate heat risk information for this home.

Wind Factor

We’re working on getting current and accurate wind risk information for this home.

Air Factor

We’re working on getting current and accurate air risk information for this home.

Provided by First Street

Redfin Estimate for TBD S 331 Hwy

Tour for free, no strings attached

Instant answers, or connect with a local agent

Start an offer

Nearby similar homes

NEW CONSTRUCTION

$309,900

3 beds2 baths1,637 sq ft

23 Riverwalk Cir, Freeport, FL 32439

$265,000

— beds— baths— sq ft

LOT 23 B Bayside Dr, Freeport, FL 32439

$780,000

— beds— baths— sq ft

XXXX FL-20, Freeport, FL 32439

$117,355

— beds— baths— sq ft

.47 Acres Madison St, Freeport, FL 32439

$500,000

— beds— baths— sq ft

LOT 9 East Shallows Dr, Santa Rosa Beach, FL 32459

$120,000

— beds— baths— sq ft

Lot 16 Woodwind Way, Freeport, FL 32439

New listings for sale in 32439

$589,999

4 beds3 baths2,770 sq ft

25 Deer Hbr, Freeport, FL 32439

$564,900

4 beds2 baths2,301 sq ft

177 Blaze Blvd, Freeport, FL 32439

$239,900

3 beds2.5 baths1,471 sq ft

110 Palm Shadow Way, Freeport, FL 32439

$314,500

3 beds2 baths1,302 sq ft

7 Alexander Way, Freeport, FL 32439

$499,000

4 beds3 baths2,509 sq ft

351 Brighton Cv, Freeport, FL 32439

NEW 52 MINS AGO

$398,000

3 beds2 baths1,779 sq ft

50 Oyster Blvd, Freeport, FL 32439

LISTED BY REDFIN 6 HRS AGO3D WALKTHROUGH

$679,000

4 beds3.5 baths3,354 sq ft

170 Windchime Way, Freeport, FL 32439

$580,000

5 beds3 baths2,515 sq ft

235 Coastal Breeze Dr, Freeport, FL 32439

$535,547

4 beds3 baths2,319 sq ft

106 E Sky Way, Freeport, FL 32439

Details provided by ECAR and may not match the public record. Learn more.

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Why Redfin?

Community Impact

Diversity & Inclusion

Find us

Become a Lender Partner

Subsidiaries

Rent.

ApartmentGuide

Bay Equity Home Loans

Title Forward

Countries

United States

Canada

Updated January 2023: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

GreatSchools Ratings provided by GreatSchools.org.

32455 homes for sale
32435 homes for sale
32459 homes for sale
32439 homes for sale
32462 homes for sale

Houses for rent in Freeport	Agents near me	Fort Lauderdale, FL homes for sale	Freeport Housing Market
Houses for sale near me	Orlando, FL homes for sale	Boca Raton, FL homes for sale
Land for sale near me	Tampa, FL homes for sale	Sarasota, FL homes for sale
Open Houses near me	Miami, FL homes for sale	Freeport Property Records
Condos for sale near me	Jacksonville, FL homes for sale	FL New Listings

Niceville homes for sale
Panama City Beach homes for sale
Destin homes for sale

About this home

Around this home

Payment calculator

Open houses

Property details

Exterior

Financial

Utilities

Location

Public facts

Other

Sale and tax history for TBD S 331 Hwy

Climate risks

Redfin Estimate for TBD S 331 Hwy

Nearby similar homes

New listings for sale in 32439

More real estate resources