15324-331 Highway 331 Business

Freeport, FL 32439

$480,000
Price
2
Beds
1,165 Sq. Ft.
$412 / Sq. Ft.
1,165
Sq. Ft.
$412
per Sq. Ft.
Listed By Compass
Listed By Compass
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Description

0.77 acres located on Business Highway 331, directly across from Freeport Elementary School, within the City of Freeport. Property features mixed-use zoning allowing for both residential and select commercial uses, subject to city approval and permitting. The 1,165 SF residence has been completely remodeled and is move-in ready. Additional storage building on site. High-visibility location offering flexibility for owner-occupants, investors, or future redevelopment in a growing Freeport market. Due...0.77 acres located on Business Highway 331, directly across from Freeport Elementary School, within the City of Freeport. Property features mixed-use zoning allowing for both residential and select commercial uses, subject to city approval and permitting. The 1,165 SF residence has been completely remodeled and is move-in ready. Additional storage building on site. High-visibility location offering flexibility for owner-occupants, investors, or future redevelopment in a growing Freeport market. Due to its mixed-use zoning, the property is also listed in the MLS under the Commercial category (MLS 991530). Buyer to obtain all required permits for any change of use. All information to be verified by buyer during due diligence.

Property Details for 15324-331 Highway 331 Business

Zoning
Commercial, Resid Single Family
Architectural Style
Florida Cottage
Subdivision Name
NO RECORDED SUBDIVISION
LISTING UPDATED: 12/18/2025 07:08 PM

Property Details for 15324-331 Highway 331 Business

StatusActive
MLS #991530
Days on Market7
Taxes$1,772 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Detached Single Family
Year Built1943
Lot Size0.71 AC / 31,000 SF
CountyWalton County

Location

Listing Courtesy of: .

Add your commute

Building Information for 15324-331 Highway 331 Business

Stories1Year Built1943Building Size-Lot Size0.71 AC / 31,000 SF

Payment Calculator

$2,520 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,372

Property Taxes

$148

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 15324-331 Highway 331 Business

Summary
Location and General Information
  • Community Features: Handicap Provisions, Pets Allowed, Separate Storage
  • Directions: From Hwy 331 and Hwy 20 Intersection go west on Hwy 20 to Business 331. Go north and property will be on the left across from Freeport Elementary. Legal Description: COM NE COR OF NW4 OF SE4, RUN N 89 DEG 10 MIN 28 SEC W 1078.06 FT FOR POB & TO W
  • MLS Area Minor: 2006 - N. of 20 to Hwy 331
  • MLS Area Major: 20 - Freeport
  • Latitude: 30.508773
  • Longitude: -86.13234
  • Location Tax and Legal:Sub Area: 2006 - N. of 20 to Hwy 331
  • 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: COM NE/C NW4 OF SE4 SEC 10-1S1 19W,N 89 DEG 10'28''W 1078.06FT TO POB & W SIDE OF HWY 331; ALONG ROW S 07 DEG 43'49''W 106.53FT, DPRT ROW N 89 DEG 10'28''W 280FT, N 00 DEG 20'08'' E 105FT, S 89 DEG 10'28''E 320FT TO POB. OR 1783-143 OR 2971-649 OR 2975-3041 OR 3225-22
  • Project Facilities: Handicap Provisions2, Pets Allowed2, Separate Storage
Taxes and HOA
  • Tax Legal Description: COM NE/C NW4 OF SE4 SEC 10-1S1 19W,N 89 DEG 10'28''W 1078.06FT TO POB & W SIDE OF HWY 331; ALONG ROW S 07 DEG 43'49''W 106.53FT, DPRT ROW N 89 DEG 10'28''W 280FT, N 00 DEG 20'08'' E 105FT, S 89 DEG 10'28''E 320FT TO POB. OR 1783-143 OR 2971-649 OR 2975-3041 OR 3225-22
  • Parcel Number: 10-1S-19-23000-020-0000
  • Association Fee: $0
  • Tax Annual Amount: $1,772
  • Listing Info Tax Legal:Last Taxes: $1,772
School Information
  • Elementary School: Freeport
  • Middle Or Junior School: Freeport
  • High School: Freeport
Parking
  • Carport YN: No
  • Attached Garage YN: No
  • Parking Features: Garage
  • Garage Spaces: 2.0
  • General Property Info:Driveway Spaces: 4.0
  • Parking Features: Garage3
Property
Lot Information
  • Building Area Source: County PA Records
  • Lot Size Dimensions: 100 x 310
  • Lot Size Units: Acres
  • Property Condition: Renovated, Construction Complete
  • Building Area Total: 1165.0
  • General Property Info:SqFt Source: County PA Records
Property and Assessments
  • Floor Plans Count: 0.0
  • Property Type: Residential
  • Year Built: 1943.0
  • Property Sub Type: Detached Single Family
  • New Construction YN: No
  • General Property Info:Sub-Type: Detached Single Family
  • General Property Info:Design: Florida Cottage
  • Listing Info Tax Legal:Homestead: No
  • Construction Status: Construction Complete
  • Construction Siding: Roof Metal, Siding Alum Metal
Utilities
  • Sewer: Public Sewer
  • Utilities: Public Water, Sewer Available
  • Utilities: Public Sewer, Public Water, Sewer Available
  • Energy: AC - Central Elect, Water Heater - Elect
Interior and Exterior Features
Exterior Features
  • Construction Materials: Siding Alum Metal
  • Stories: 1.0
  • General Property Info:Pool: No
  • General Property Info:Pool Type: None
Interior Features
  • Cooling: Central Air
  • Flooring: Floor Tile
  • Room Type: Master Bedroom, Bedroom, Living Room
  • Rooms Total: 4.0
  • Bathrooms Total Integer: 1.0
  • Bathrooms Total Decimal: 1.0
  • Bathrooms Total Notational: 1.0
  • Cooling YN: Yes
  • Bedrooms Total: 2.0
  • Bathrooms Full: 1.0
  • Interior: Floor Tile, Renovated2
  • Appliances: Dishwasher, Disposal, Freezer, Ice Machine, Range Hood, Smoke Detector, StoveOven Electric, Wine Refrigerator
Room Information
Room 1
  • Room Type: Master Bedroom
  • Room Level: First
  • Room Length: 14.0
  • Room Width: 12.0
  • Room Dimensions: 14 x 12
Room 2
  • Room Type: Bedroom
  • Room Level: First
  • Room Length: 12.0
  • Room Width: 12.0
  • Room Dimensions: 12 x 12
Room 3
  • Room Type: Living Room
  • Room Level: First
  • Room Length: 14.0
  • Room Width: 14.0
  • Room Dimensions: 14 x 14
Room 4
  • Room Type: Bedroom
  • Room Level: First
  • Room Length: 12.0
  • Room Width: 12.0
  • Room Dimensions: 12 x 12
Rental
Rent Information
  • Listing Info Tax Legal:Is Subject Leased: No

Property History for 15324-331 Highway 331 Business

DateEvent & SourcePriceAppreciation
Dec 19, 2025

Listed (Active)

ECAR #991530

$480,000—
DateEvent & SourcePrice
12/19/2025

Listed (Active)

ECAR #991530

$480,000

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

Schools near 15324-331 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 15324-331 Highway 331 Business, Freeport, FL 32439

15324-331 Highway 331 Business is a single family home for sale in Freeport, FL 32439. This property was listed for sale on December 19, 2025 by Compass, it's currently listed at $480,000. This listing's school district is Walton. Nearby schools include Freeport Elementary School, Freeport Middle School and Freeport Senior High School. 15324-331 Highway 331 Business is a 2-bed, 1-bath, 1,165 sqft single family home built in 1943.

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.

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© 2025 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.