14874 US-331 BUS, Freeport, FL 32439

Property 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.

Listing Status:

Active

Date Added:

November 6, 2025

Data Last Updated:

May 1, 2026 at 11:22PM

Listing Office:

Corcoran Reverie SRB : 850-231-5030

Listing Agent:

Hilary K Farnum-Fasth : 850-231-5030

MLS ID:

989106

Location

• Originating MLS: Emerald Coast Association of REALTORS®
• County: Walton

Lot

• Zoning: Resid Multi-Family10-1S-19-23000-004-0020

Utilities

• Sewer: 0

Financial

• Source: Emerald Coast Association of REALTORS®