Curious about this home?

Ask anything — no agents, no pressure

Try asking

About This Home

This land at 14874 US-331 BUS in Freeport, FL is listed for $4,000,000 (11.44 acres).

Agent Description

Introducing an exceptional opportunity to own a prime piece of real estate in the rapidly growing city of Freeport, Florida. This expansive 11.44-acre property, consisting of two combined parcels, is ideally situated along US Highway 331 and is zoned R-3 for multi-family use.

The property comes with a Development Order (D.O.) approved for 128 apartment units, along with building plans and surveys offering a rare, shovel-ready opportunity ideal for developers and investors alike. The location provides excellent visibility and accessibility along the bustling US Hwy 331 corridor, surrounded by a mix of residential and commercial growth.

Just minutes from downtown Freeport, local schools, shopping, and essential services, the property is also within easy reach of the beautiful Beaches of South Walton, Interstate 10, and Highway 98. This is a prime development opportunity in one of Walton County's fastest-growing markets, where the demand for quality multi-family housing continues to rise. Inquire today to learn more. Buyer to verify all information deemed important.

Key Features

  • 11.44 acre lot

Location

14874 US-331 BUS

Freeport, FL 32439

The Oaks of Freeport

Questions & Answers

This 0-bedroom, 0-bathroom land at 14874 US-331 BUS is listed at $4,000,000. The estimated monthly payment is $17,333 based on 20% down at 6.5% interest.

Key features include: 11.44 acre lot.

This property is listed by Hilary K Farnum-Fasth and can be reached at 8502315030 or hilary@corcoranreverie.com.

HF

Hilary K Farnum-Fasth

Agent at Corcoran Reverie SRB

(850) 231-5030

Listed by Corcoran Reverie SRB · View on Broker Site

MLS# 989106· Source: listhub· Updated 207 days ago

Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

14874 US-331 BUS, Freeport, FL 32439

Open this listing in: