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
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.
Our legacy was born of the relationships we’ve cultivated over the years long Scenic Highway 30A. For Broker/Ow
Our legacy was born of the relationships we’ve cultivated over the years long Scenic Highway 30A. For Broker/Owner Hilary Farnum-Fasth, that journey began in real estate in 1997 and brought her to a place of leadership in luxury real estate in Florida’s Panhandle.
Our passion is to change the face and culture of real estate along the corridor that embraces this stretch of coastline. Our clear, effective communication and the sharing of expertise are the exclusive assets that set us apart. We’ve emerged as a company whose collaborative team environment couple with strategic marketing and advertising endeavors deliver the results our clients seek.
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Last updated
April 8
First listed
Nov 6, 2025
Listing reference
4r86d6
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