14874 Highway 331 Business

Freeport, FL 32439

$4,000,000
Price
498,326 / 11.44
Lot Size / Acres
a view of a city from a balcony
a view of a city
a view of city and ocean
a view of a grassy field with trees in the background
a view of a green field
a backyard of a house
a view of a basketball court
a view of a yard with a tree
a view of a yard with plants and trees
a view of a yard with plants and large trees
a view of a yard with plants and trees
a view of a city
a view of a balcony with an ocean
a view of a city
a view of a city
a view of an ocean and city
a view of a balcony with an ocean view
a view of a city street from a yard
a view of lake view and mountain view
a view of a city from a balcony
a view of a lake with a mountain in the background

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...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.
  1. Listed by Hilary K Farnum-Fasth • Corcoran Reverie SRB
    P: (850)-231-5030 C: (850)-685-0171 hilary@corcoranreverie.com

Property Details for 14874 Highway 331 Business

Zoning
Resid Multi-Family
Subdivision Name
The Oaks of Freeport
LISTING UPDATED: 11/06/2025 01:34 PM

Property Details for 14874 Highway 331 Business

StatusActive
MLS #989106
Days on Market60
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Vacant Land
Year Built-
Lot Size11.44 AC
CountyWalton County

Location

Listing Courtesy of Corcoran Reverie SRB
Add your commute

Building Information for 14874 Highway 331 Business

Lot Size11.44 AC

Payment Calculator

$19,495 per month

30 year fixed, 6.15% Interest

Principal and Interest

$19,495

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 14874 Highway 331 Business

Summary
Location and General Information
  • Directions: Hwy 20 to Hwy 331
  • MLS Area Minor: 2007 - Bay Grove
  • MLS Area Major: 20 - Freeport
  • Latitude: 30.51474
  • Longitude: -86.132061
  • Location Tax and Legal:Sub Area: 2007 - Bay Grove
  • Location Tax and Legal:Elementary School: Freeport
  • Location Tax and Legal:Middle School: Freeport
  • Location Tax and Legal:High School: Freeport
  • Location Tax and Legal:Legal Description: See document for legal description due to length.
Taxes and HOA
  • Tax Legal Description: See document for legal description due to length.
  • Parcel Number: 10-1S-19-23000-004-0020
  • Association Fee: $0
School Information
  • Elementary School: Freeport
  • Middle Or Junior School: Freeport
  • High School: Freeport
Property
Lot Information
  • Lot Size Dimensions: 1030x509
  • Lot Size Acres: 11.44
  • Lot Size Area: 11.44
  • Lot Size Units: Acres
  • Lot Size Square Feet: 498326.4
  • General Property Info:Acreage: 11.44
Property and Assessments
  • Floor Plans Count: 0.0
  • Property Type: Land
  • Property Sub Type: Vacant Land
  • General Property Info:Sub-Type: Vacant Land
Utilities
  • Sewer: Public Sewer
  • Utilities: Public Water
  • Utilities: Public Sewer, Public Water
Interior and Exterior Features
Interior Features
  • Bathrooms Total Integer: 0.0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
Rental
Rent Information
  • Listing Info Tax Legal:Is Subject Leased: No

Property History for 14874 Highway 331 Business

DateEvent & SourcePriceAppreciation
Nov 6, 2025

Listed (Active)

ECAR #989106

$4,000,000—
Apr 19, 2024

Sold

ECAR #939971

$2,225,000—
Feb 9, 2024

Pending

ECAR #939971

—
Jan 22, 2024

Listed (Active)

ECAR #939971

$2,300,000—
DateEvent & SourcePrice
11/06/2025

Listed (Active)

ECAR #989106

$4,000,000
04/19/2024

Sold

ECAR #939971

$2,225,000
02/09/2024

Pending

ECAR #939971

—
01/22/2024

Listed (Active)

ECAR #939971

$2,300,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 14874 Highway 331 Business

This home is within Walton.
Rating
School
Type
Grades
Distance
Freeport Elementary School
Public - PK to 4
Freeport Middle School
Public - 5 to 8
Freeport Senior High School
Public - 9 to 12
Seaside Neighborhood School
Charter - 5 to 12
Rating
School
Distance
Freeport Elementary School
PublicPK to 4

Freeport Middle School
Public5 to 8

Freeport Senior High School
Public9 to 12

Seaside Neighborhood School
Charter5 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 14874 Highway 331 Business, Freeport, FL 32439

14874 Highway 331 Business is a 11.44 ac of land for sale in Freeport, FL 32439. This property was listed for sale on November 6, 2025 by Corcoran Reverie SRB, it's currently listed at $4,000,000. It has been on the market for a total of 60 days and was last sold on April 19, 2024. This listing's school district is Walton. Nearby schools include Freeport Elementary School, Freeport Middle School and Freeport Senior High School. 14874 Highway 331 Business is a 0-bed, 0-bath, 11.44 ac of land on a 498,326 sq. ft. / 11.44 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Corcoran Reverie SRB

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2026 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.