Very scenic waterfront lot in Freeport. This lot offers deep, protected water front on Mallet Bayou. It is a quiet but developing area that provides easy access to Destin and Panama City shopping and amenities. This lot offers access to all the water sports offered in the area including boating, fishing, skiing, kayaking, swimming and a very pretty view of the bayou. This lot is in the X flood zone towards Bay Grove Rd gently sloping to the AE Flood Zone for the majority of the remaining lot towards the bay. Mallet Bayou empties into Lagrange Bayou, which in turn has a very deep shipping channel out to Choctawhatchee Bay. From Choctawhatchee by you will have unrestricted water access to San Destin and Panama City.
Vacant landProperty Type
0.44 acresLot Size
$697,750Price/Acres
Listed by Ralph Harvey• ListWithFreedom.com
Bought with • Non Member Office (NABOR)
Source:NAMLS #874002
Redfin Estimate
$307,010
$168K since sold in July 2026$43K since September
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 59.5% lower than the average sale price ($758K) of 6 comparable homes.
Very scenic waterfront lot in Freeport. This lot offers deep, protected water front on Mallet Bayou. It is a quiet but developing area that provides easy access to Destin and Panama City shopping and amenities. This lot offers access to all the water sports offered in the area including boating, fishing, skiing, kayaking, swimming and a very pretty view of the bayou. This lot is in the X flood zone towards Bay Grove Rd gently sloping to the AE Flood Zone for the majority of the remaining lot towards the bay. Mallet Bayou empties into Lagrange Bayou, which in turn has a very deep shipping channel out to Choctawhatchee Bay. From Choctawhatchee by you will have unrestricted water access to San Destin and Panama City.
NAMLS #781066
Sep 21, 2017
Sold
$190,000
Aug 7, 2017
Listed
$199,900
+5
Beautiful waterfront lot just minutes from the bay. Conveniently located just off Hwy 331 and about 7 minutes to South Walton's pristine Beaches, fabulous restaurants, shopping and the Luckiest fishing village in the world, Destin, Florida.
Public Records
Mar 1, 1983
Sold
$21,000
Year
Property tax
Land + Additions
Assessment*
2025
$2,360 (+9.7%)
2024
$2,151 (−11.9%)
$257,535
2023
$2,442 (+7.4%)
2022
$2,273 (+49.5%)
$266,158
2021
$1,521 (+10.7%)
2020
$1,373 (+9.7%)
$148,711
2019
$1,252 (+6.5%)
$136,319
2018
$1,175 (+9.8%)
$127,383
2017
$1,070
$115,582
Tax history
Year
Property tax
Land + Additions
Assessment*
2025
$2,360 (+9.7%)
2024
$2,151 (−11.9%)
$257,535
2023
$2,442 (+7.4%)
2022
$2,273 (+49.5%)
$266,158
2021
$1,521 (+10.7%)
2020
$1,373 (+9.7%)
$148,711
2019
$1,252 (+6.5%)
$136,319
2018
$1,175 (+9.8%)
$127,383
2017
$1,070
$115,582
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
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.
Permitted uses
Include but are not limited to:
Housing-Single unit
Recreation
Park & open space
Property details
Exterior
Property Information
Subdivision Name: MALLET BAYOU
Legal Description: COM AT SW/C OF GOVT LOT 1, N 862.96FT TO NLY ROW OF CO RD S "63 DEG 00'03""E 1114FT TO A PT" OF CURVE HAVING DELTA ANGLE OF 45 DEG TO LEFT & A RADIUS OF 1235.88FT, ALG CURVE 972.84FT TO A PT OF REVERSE CURVE DELTA OF 62 DEG 57'TO THE RIGHT & A RADIUS OF 442.77FT, ALG CURVE 112.86FT TO POB CONT ALG CURVE "69.12FT N 05 DEG 32'58""E 205FT" TO MALLET BAYOU, WLY 103FT MOL "S 03 DEG 23'37""E 238FT TO POB." OR 42-146 OR 1875-94 OR 2866-3018 OR 3053-2271 OR 3106-4082 OR 3212-3122
Lot Information
Land Sq. Ft: 18,992
Legal Lot Number: 1
Legal Block Number: 1
Acres: 0.436
Depth Footage: 221
Front Footage: 86
Zoning Code: RV
County Use Description: VACANT RESID
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 0.44 acres
Style: Vacant Land
Year Built: —
Year Renovated: —
County: Walton County
APN: 331S19230000010173
Home facts updated by county records on Sep 8, 2026
Around this home
Schools
Freeport Elementary School
Public K-4 • Assigned • 2.6mi
6/10
Freeport Middle School
Public 5-8 • Assigned • 2.6mi
7/10
Freeport Senior High School
Public 9-12 • Assigned • 7.5mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
4/10 Flood Factor
Estimated 14-20% chance of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.46% chance of being in a wildfire in next 30 years
10/10 Heat Factor
7 days above 104° 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
82
61
75
55
66
45
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
98/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 28% for direct sun exposure in Freeport. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.8 hrs
6.6 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$292,000 – $354,000
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