About This Home

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

Key Features

  • 11.44 acre lot
Listing 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.

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 $21,393 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 11.44 acre lot.

This property is listed by Hilary K Farnum-Fasth and can be reached at 8506850171.

HF

Hilary K Farnum-Fasth

License 662303

Agent at Hilary & Reverie

(850) 685-0171

Listed by Hilary & Reverie · Broker phone: (850) 231-2850 · View on Broker Site

MLS# 989106· Source: Emerald Coast Association of Realtors· 272 days on PropertySimple

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

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