331 Business

Sold 5/29/25
Sold 5/29/25
Drone 1
Drone 2
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Drone 3
CT_FP_LAND_3
Drone 4
CT_FP_LAND_2
CT5
Parcel
Sold
Last Sold Price
$45,000
234,788 Lot Size5.39 Acres
331 Business, Freeport, FL 32439
LandProperty Type
5.39 acresLot Size

Description

We are proud to offer this fantastic 5.39-acre development opportunity located in the heart of one of Florida's fastest growing cities. The city of Freeport - only 15 miles from the Gulf of Mexico - has worked diligently to keep the fast-paced growth compatible with the spirit of a small town. Zoned Residential / Commercial, the land uses are vast, with options ranging from apartment complexes to government buildings, hospitals, storage facilities, restaurants or retail! Presently, two properties...We are proud to offer this fantastic 5.39-acre development opportunity located in the heart of one of Florida's fastest growing cities. The city of Freeport - only 15 miles from the Gulf of Mexico - has worked diligently to keep the fast-paced growth compatible with the spirit of a small town. Zoned Residential / Commercial, the land uses are vast, with options ranging from apartment complexes to government buildings, hospitals, storage facilities, restaurants or retail! Presently, two properties have income-earning potential for your benefit. In addition, a usable woodworking shed and plenty of storage space convey. This 5.39-acre parcel comprises two lots, one 5.15 and the other .24 acres. This .24 acre parcel is being priced and sold with a larger 5.15 acre parcel MLS# 959174.
  • Listed by: Chris Taylor 850.797.5400 ctaylor@oceanreefresorts.com Brokerage DRE #224832 • Ocean Reef Realty Inc
Listing closed: 05/29/2025 12:00 AM • Source: ECAR, MLS#: 959175

Recent comparable sales

Median sold price

$60,000

Avg days on market

43

Sale-to-list ratio

84.1%

Freeport, FL

9 comparable properties found

1

$54,900

Sold 01/02/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.12
Acres

23 Jessica Court, Freeport, FL 32439

an aerial view of a residential houses with outdoor space
1/3
2

$55,000

Sold 06/21/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.5
Acres

Xxx Old Jolly Bay Road, Freeport, FL 32439

a view of backyard with large trees and plants
1/9
3

$47,000

Sold 02/28/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.2
Acres

Xx Jones Drive, Freeport, FL 32439

$60,000 | Lot 6 Highland Street, Freeport, FL 32439
1/2
4

$60,000

Sold 09/30/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.16
Acres

Lot 6 Highland Street, Freeport, FL 32439

$60,000 | Lot 7 Highland Street, Freeport, FL 32439
1/2
5

$60,000

Sold 09/30/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.16
Acres

Lot 7 Highland Street, Freeport, FL 32439

a view of a balcony with floor to ceiling windows and wooden floor
1/2
6

$60,000

Sold 09/30/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.15
Acres

Lot 8 Highland Street, Freeport, FL 32439

view of an outdoor space and window
1/2
7

$60,000

Sold 09/30/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.14
Acres

Lot 9 Highland Street, Freeport, FL 32439

a window with an outdoor space
1/2
8

$60,000

Sold 09/30/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.14
Acres

Lot 10 Highland Drive, Freeport, FL 32439

$60,000 | 135 Sandhill Court, Freeport, FL 32439
1/2
9

$60,000

Sold 09/30/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.12
Acres

135 Sandhill Court, Freeport, FL 32439

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Location

Listing Courtesy of Ocean Reef Realty Inc

Sold By Gulf Coast Realty Of Niceville

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$236 per month

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Principal and Interest

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Property Taxes

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Property Information for 331 Business

Property Details
  • Taxes: $90 / year
  • MLS Type: Land / Vacant Land
  • County: Walton County
  • Zoning: Commercial
  • Subdivision Name: Development Opportunity
Building Information
  • Lot Size: 5.39 AC
Summary
Location and General Information
  • Directions: Traveling along SR 20 (Main Street) In Freeport, Head North along BUS 331 (Circle K) intersection. Travel .8 miles and the property will be on your left across from Freeport Elementary School.
  • Road Frontage Type: None
  • MLS Area Minor: 2006 - N. of 20 to Hwy 331
  • MLS Area Major: 20 - Freeport
  • Latitude: 30.508755
  • Longitude: -86.1333
  • 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 OF NW1/4 OF SE1/4, N 89 DEG 10'28'W 1078.06 FT TO PT ON W R/W OF SR 83 (US 331), THENCE ALONG R/W S 07 DEG 43' 49'W 211.53 FT, N 89 DEG 10' 28'W 392.78 FT, N 00 DEG 20' 08'E 105 FT FOR POB,N 00 DEG 20'08'W 105 FT,S 80 DEG 10'28' E 100.00 FT,S 00 DEG 20'08'W 105.00 FT,N 89 DEG 10'28'W 100.00 FT TO POB. OR 458-96 OR 3111-3450 OR 3159-1458
Taxes and HOA
  • Tax Legal Description: COM NE/C OF NW1/4 OF SE1/4, N 89 DEG 10'28'W 1078.06 FT TO PT ON W R/W OF SR 83 (US 331), THENCE ALONG R/W S 07 DEG 43' 49'W 211.53 FT, N 89 DEG 10' 28'W 392.78 FT, N 00 DEG 20' 08'E 105 FT FOR POB,N 00 DEG 20'08'W 105 FT,S 80 DEG 10'28' E 100.00 FT,S 00 DEG 20'08'W 105.00 FT,N 89 DEG 10'28'W 100.00 FT TO POB. OR 458-96 OR 3111-3450 OR 3159-1458
  • Parcel Number: 10-1S-19-23000-020-0020
  • Association Fee: $0
  • Tax Annual Amount: $90
  • Listing Info Tax Legal:Last Taxes: $90
  • Listing Info Tax Legal:Last Tax Year: 2023.0
School Information
  • Elementary School: Freeport
  • Middle Or Junior School: Freeport
  • High School: Freeport
Property
Lot Information
  • Lot Size Dimensions: N/A
  • Lot Size Acres: 5.39
  • Lot Size Area: 5.39
  • Lot Size Units: Acres
  • Lot Features: Addl Land Available
  • Lot Size Square Feet: 234788.4
  • General Property Info:Acreage: 5.39
  • Lot Features: Addl Land Available
  • Lot Access: No Access2, No Road2
Property and Assessments
  • Tax Year: 2023.0
  • Floor Plans Count: 0.0
  • Property Type: Land
  • Property Sub Type: Vacant Land
  • General Property Info:Sub-Type: Vacant Land
Utilities
  • Utilities: None
  • Utilities: None
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: false

Property History for 331 Business

DateEvent & SourcePriceAppreciation
May 29, 2025

Sold

ECAR #959175

$45,000—
Mar 10, 2025

Pending

ECAR #959175

—
Sep 15, 2024

Listed (Active)

ECAR #959175

$1,299,000—
DateEvent & SourcePrice
05/29/2025

Sold

ECAR #959175

$45,000
03/10/2025

Pending

ECAR #959175

—
09/15/2024

Listed (Active)

ECAR #959175

$1,299,000

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

Schools near 331 Business

This home is within Walton.
Rating
School
Type
Grades
Distance
Freeport Elementary School
Public - K 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
PublicK 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 331 Business, Freeport, FL 32439
$45,000
–
–
–
234,788
276 Date Palm Lane, Freeport, FL 32439
$265,000
3
1,336
–
15300 Highway 331, Freeport, FL 32439
$128,000
–
–
–
14,810
15284 Hwy 331 Freeport, Unit 2A, Freeport, FL 32439
$144,000
2
1,109
–
15284 331 Business Highway, Unit 2A, Freeport, FL 32439
$200,000
2
1,109
–
15284 Business Highway, Unit 7D, Freeport, FL 32439
$84,500
2
1,106
0

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ocean Reef Realty Inc

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.