This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/21
$4,000,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/21
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.
Full Property Details
Full Property Details for 14874 US-331 BUS
General
- Price: $4,000,000
- Status: Active
- Type: Vacant Land
- Source: Emerald_Coast
- MLS ID: 989106
- Updated: 11/6/2025
- Added to Site: 72 day(s) ago
Location
- Area: 20 - Freeport
- County: Walton
- Subdivision: The Oaks of Freeport
- Driving Directions: Hwy 20 to Hwy 331
School Information
- Elementary School: Freeport
- Middle School: Freeport
- High School: Freeport
Utilities
- Utility Description: Public Sewer, Public Water
Lot Features
- Lot Size (Acres): 11.44
- Lot Dimensions: 1030 x 509
- Zoning: Resid Multi-Family
Financial Considerations
- Price Per Acre: $349,650
- Terms: Conventional
Disclosures and Reports
- Legal Description: See document for legal description due to length.
- APN: 10-1S-19-23000-004-0020
Listed by Corcoran Reverie SRB
Get Pre-Approved Today
Schools
Schools serving 14874 US-331 BUS
School District:Walton County School District
| Name | Grades | Distance |
|---|---|---|
Freeport Middle School 360 Kylea Laird Drive, Freeport, FL 32439 | 6-8 | 1 mi |
Freeport Elementary School 15381 U.S. 331, Freeport, FL 32439 | PK-5 | 1.8 mi |
Freeport Senior High School 12615 U.S. 331, Freeport, FL 32439 | 9-12 | 3.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 14874 US-331 BUS
Date
Details
Price
Change
Source
11/06/2025
Listed
$4,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 14874 US-331 BUS
14874 Us-331 Bus, Freeport, FL 32439 (MLS# 989106) is a Vacant Land property with a lot size of 11.44 acres. 14874 Us-331 Bus is currently listed for $4,000,000 and was received on November 06, 2025. Want to learn more about 14874 Us-331 Bus? Do you have questions about finding other Vacant Land real estate for sale in Freeport? You can browse all Freeport real estate or contact a Coldwell Banker agent to request more information.

