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$950,000 Just Listed

  • For Sale
  • Active
  • Commercial
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1.2 acres +/- of VACANT COMMERCIAL land. Parcels are located High and Dry in FEMA Flood Zone X. Located 1.2 miles south of HWY 20 and HWY 331 intersection. Across the street from Riverwalk Subdivision, Eglin Federal Credit Union, 1/2 miles to Publix, Less than 1,000ft from the new Walmart that was just approved for build. Current traffic trends indicated upwards of 30,000 vehicles per day on average. Water and Electric are already on site. Sellers are currently in the process of Annexing into the City of Freeport and changing zoning from Rural Residential to Commercial.

Full Property Details for 0 S US Hwy 331

General

  • Price: $950,000
  • Status: Active
  • Type: Commercial
  • Source: Emerald_Coast
  • MLS ID: 1004358
  • Updated: Today (6/1/2026)
  • Added to Site: Today

Location

  • Area: 20 - Freeport
  • County: Walton
  • Driving Directions: Turn South from HWY 20 to HWY 331 S, property is located on East side of HWY 331 approx.. 1.2 miles south of HWY 20

Lot Features

  • Lot Size (Acres): 1.2
  • Lot Size (Sq. Ft.): 52,272
  • Lot Dimensions: 150 x 350

Disclosures and Reports

  • Legal Description: Com At The Nw/C Of Sec 23-1S- 19W Thence Run E 657.20Ft Run S 215.60Ft Thence Run S 18 Deg 01'00
  • APN: 23-1S-19-23000-001-0110
  • Property ID: 23-1S-19-23000-001-0110
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 0 S US Hwy 331 —

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 0 S US Hwy 331

School District:Walton County School District
NameGradesDistance
Mossy Head School
13270 U.S. 90, DeFuniak Springs, FL 32433
PK-510.9 mi
Walton Middle School
605 Bruce Avenue, DeFuniak Springs, FL 32435
6-82.7 mi
Walton High School
449 Walton Road, DeFuniak Springs, FL 32433
9-121.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 0 S US Hwy 331 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/01/2026
Listed
$950,000
-52.5%
MLS
8/02/2021
Sold
$2,000,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 0 S US Hwy 331

Year
Property Taxes
Change
Tax Assessment
Change
2024
$785
—
$59,996
—
2023
$783
-87%
$59,996
-97%
2022
$5,936
1185%
$1,879,956
3542%
2021
$462
-5%
$51,623
-2%
2019
$484
—
$52,682
—
2018
$486
—
$52,682
—
2017
$488
-7%
$52,682
—
2016
$523
-2%
$52,682
—
2015
$531
5%
$52,682
7%
2014
$508
-92%
$49,460
-92%
2013
$6,338
—
$649,155
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 0 S US Hwy 331

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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0 S US Highway 331, Freeport, FL 32439 (MLS# 1004358) is a Commercial property. 0 S US Highway 331 is currently listed for $950,000 and was received on June 01, 2026. This property is listed by Terry Kemp from our Niceville Office.Want to learn more about 0 S US Highway 331? Do you have questions about finding other Commercial real estate for sale in Freeport? You can browse all Freeport real estate or contact a Coldwell Banker agent to request more information.

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