# 14874 US-331 BUS, Freeport, FL 32439

> **TL;DR:** land, $4,000,000. Est. $17,333/mo. Listed 207 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $4,000,000 |
| Lot Size | 498,326 sqft (11.44 acres) |
| Property Type | Land (Other) |
| Status | For Sale |
| Days on Market | 207 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $17,333 |
| **Total** | **$17,333** |

## Nearby Schools

- **Elementary:** Freeport
- **Middle:** Freeport
- **High:** Freeport

## Property Highlights

- 11.44 acre lot

## Description

### 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.

## Location

- **Address:** 14874 US-331 BUS, Freeport, FL 32439
- **County:** Walton
- **Neighborhood:** The Oaks of Freeport
- **Coordinates:** 30.51474, -86.132061
- **Google Maps:** https://www.google.com/maps?q=30.51474,-86.132061

## Listing Agent

- **Name:** Hilary K Farnum-Fasth
- **Brokerage:** Corcoran Reverie SRB
- **Phone:** 8502315030
- **Email:** hilary@corcoranreverie.com

## Primary Photo

![14874 US-331 BUS - Primary Photo](http://lh.rdcpix.com/b2ba6454bd5c6b6d9f9fe1e67702687fl-f3760029935r.jpg)

*21 total photos available on [listing page](https://www.propertysimple.com/listing/14874-us-331-bus-freeport-fl-32439-l989106)*

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**MLS#:** 989106 | **Updated:** 2026-06-17
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/14874-us-331-bus-freeport-fl-32439-l989106)

---

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