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$480,000
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Property Description
0.77 acres located on Business Highway 331, directly across from Freeport Elementary School, within the City of Freeport. Property features mixed-use zoning allowing for both residential and select commercial uses, subject to city approval and permitting. The 1,165 SF residence has been completely remodeled and is move-in ready. Additional storage building on site. High-visibility location offering flexibility for owner-occupants, investors, or future redevelopment in a growing Freeport market. Due to its mixed-use zoning, the property is also listed in the MLS under the Commercial category (MLS 991530). Buyer to obtain all required permits for any change of use. All information to be verified by buyer during due diligence.
Full Property Details
Full Property Details for 15324 331 Business
General
- Price: $480,000
- Taxes: $1,772
- Status: Active
- Type: Single Family
- Source: Emerald_Coast
- MLS ID: 991530
- Updated: 12/18/2025
- Added to Site: 33 day(s) ago
Interior
- Rooms/Areas: Bedroom, Living Room, Master Bedroom
- Interior Features: Floor Tile, Renovated
- Appliances: Dishwasher, Disposal, Freezer, Ice Machine, Range Hood, Smoke Detector, Stove/Oven Electric, Wine Refrigerator
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Living Room: Living Room
Additional Information
- Shared Amenities: Handicap Provisions, Pets Allowed, Separate Storage
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking: Garage
Location
- Area: 20 - Freeport
- County: Walton
- Subdivision: No Recorded Subdivision
- Driving Directions: From Hwy 331 and Hwy 20 Intersection go west on Hwy 20 to Business 331. Go north and property will be on the left across from Freeport Elementary.Legal Description: COM NE COR OF NW4 OF SE4, RUN N 89 DEG 10 MIN 28 SEC W 1078.06 FT FOR POB & TO W
School Information
- Elementary School: Freeport
- Middle School: Freeport
- High School: Freeport
Heating & Cooling
- Heating/Cooling: AC - Central Elect, Water Heater - Elect
Utilities
- Utility Description: Public Sewer, Public Water, Sewer Available
Structural Information
- Architectural Style: Florida Cottage
- Construction: Roof Metal, Siding Alum Metal
- Stories/Levels: 1
- Square Feet: 1,165
- Sq. Ft. Source: County PA Records
- Year Built: 1943
Lot Features
- Lot Dimensions: 100 x 310
- Zoning: Commercial, Resid Single Family
Financial Considerations
- Tax Amount: $1,772
- Terms: Conventional, FHA, VA
Disclosures and Reports
- Legal Description: COM NE/C NW4 OF SE4 SEC 10-1S1 19W, N 89 DEG 10'28''W 1078.06FT TO POB & W SIDE OF HWY 331; ALONG ROW S 07 DEG 43'49''W 106.53FT, DPRT ROW N 89 DEG 10'28''W 280FT, N 00 DEG 20'08'' E 105FT, S 89 DEG 10'28''E 320FT TO POB. OR 1783-143 OR 2971-649 OR 2975-3041 OR 3225-22
- APN: 10-1S-19-23000-020-0000
Listed by Compass
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Schools
Schools serving 15324 331 Business
School District:Walton County School District
| Name | Grades | Distance |
|---|---|---|
Freeport Middle School 360 Kylea Laird Drive, Freeport, FL 32439 | 6-8 | 0.6 mi |
Freeport Elementary School 15381 U.S. 331, Freeport, FL 32439 | PK-5 | 1.4 mi |
Freeport Senior High School 12615 U.S. 331, Freeport, FL 32439 | 9-12 | 3.6 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 15324 331 Business
Date
Details
Price
Change
Source
12/18/2025
Listed
$480,000
152.63%
MLS
11/10/2021
Sold
$190,000
—
Public Record
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
Tax History for 15324 331 Business
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,686
—
$173,269
18%
2024
$1,686
6%
$147,245
-1%
2023
$1,598
149%
$148,554
233%
2021
$641
-49%
$44,647
-51%
2022
$1,250
95%
$91,931
141%
2021
$641
12%
$38,212
3%
2019
$573
2%
$37,117
2%
2018
$563
2%
$36,222
2%
2017
$552
16%
$35,339
1%
2016
$477
—
$35,105
1%
2015
$478
-1%
$34,755
—
2014
$483
-3%
$34,755
-3%
2013
$499
—
$35,667
—
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
Estimate the Cost for 15324 331 Business
15324 331 Business, Freeport, FL 32439 (MLS# 991530) is a Single Family property with 2 bedrooms and 1 full bathroom. 15324 331 Business is currently listed for $480,000 and was received on December 18, 2025. Want to learn more about 15324 331 Business? Do you have questions about finding other Single Family real estate for sale in Freeport? You can browse all Freeport real estate or contact a Coldwell Banker agent to request more information.

