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Property Description
**INVESTORS & DEVELOPERS--OPPORTUNITY ON US HWY 331\!** Positioned along the rapidly growing US 331 corridor in Freeport, this property is located on a canal and offers over 400 feet of road frontage, excellent visibility, public water and sewer availability, and outstanding potential for commercial use\. Current **Rural Village zoning** allows for a variety of potential business uses, including professional and medical offices, restaurants, retail, lodging and more\. **General Commercial zoning may also be an option**, subject to applicable Walton County approvals\. The property consists of **three full lots** and includes an existing **2,207\-square\-foot, 3\-bedroom/2\-bath brick home**, providing an excellent opportunity for conversion to professional office space or another permitted use\. The interior features a spacious kitchen, large flex space, updated bathrooms, tile and laminate flooring, and a wood\-burning fireplace with convenient exterior loading access\. A **300\-foot well and septic system** are currently in place, while the availability of public water and sewer adds flexibility for future redevelopment\. With canal frontage, over 400 feet of road frontage along **US Hwy 331**, multiple lots, an existing structure and versatile zoning potential, this is a unique opportunity in one of Northwest Florida's rapidly growing areas\. Buyer to verify zoning, allowable uses, utilities and development potential with Walton County and applicable utility providers.
Full Property Details
Full Property Details for 19228 S US Hwy 331
General
- Price: $1,180,000
- Taxes: $2,243 (2025)
- Status: Active
- Type: Single Family
- Source: Emerald_Coast
- MLS ID: 1012476
- Updated: 9/22/2026
- Added to Site: 2 day(s) ago
Interior
- Number of Rooms: 5
- Interior Features: Fireplace, Split Bedroom, Washer/Dryer Hookup
- Fireplace: Yes
- Fireplace(s): Fireplace
- Appliances: Cooktop, Dishwasher, Stove/Oven Electric
- Flooring: Floor Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Exterior
- Porch/Patio/Deck: Patio Covered
Parking
- Parking Features: Converted Garage
Location
- Area: 20 - Freeport
- County: Walton
- Subdivision: LAIRDS
- Driving Directions: Take 331 south of 90 towards 331 Bridge. Property is on southbound side of 331 approximately 3 miles at Brailey.
School Information
- Elementary School: Freeport
- Middle School: Freeport
- High School: Freeport
Utilities
- Sewer: Septic Tank
- Water: Well
- Well: Yes
- Utility Description: Electric, TV Cable
Structural Information
- Architectural Style: Ranch
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 1
- Square Feet: 2,207
- Sq. Ft. Source: County PA Records
- Year Built: 1980
Additional Structures
- Other Structures: Greenhouse
Lot Features
- Lot Size (Acres): 1.58
- Lot Size (Sq. Ft.): 68,824.8
- Lot Dimensions: see appraisal
- Lot Features: Level, Survey Available
- Zoning: Resid Single Family
Financial Considerations
- Tax Amount: $2,243.41
- Tax Year: 2025
Disclosures and Reports
- Legal Description: LOT 14 BLK B + THOSE PARTS OF LOT 12 + 13 WHICH ARE N OF CENTER OF DRAIN WHICH DRAIN COMMENCES AT US HWY 331 DITCH + EMPTIES INTO CANAL IN LOT 13 IN BLK B LAIRD EDITION BK 3 PG 63 ALSO: LOT 15 BLK B AND ALSO: LOTS 16 & 17 BLK B LESS: NE1/4 OR 906-71 LESS: DOT ROW AS DESC IN OR 2801 PG 3161.
- APN: 34-1S-19-23070-00B-0140
- Property ID: 34-1S-19-23070-00B-0140
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Schools
Schools serving 19228 S US Hwy 331
School District:Walton County School District
| Name | Grades | Distance |
|---|---|---|
Freeport Elementary School 15381 U.S. 331, Freeport, FL 32439 | PK-5 | 3 mi |
Freeport Middle School 360 Kylea Laird Drive, Freeport, FL 32439 | 6-8 | 3.6 mi |
Freeport Senior High School 12615 U.S. 331, Freeport, FL 32439 | 9-12 | 7.6 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 19228 S US Hwy 331
Date
Details
Price
Change
Source
9/22/2026
Listed
$1,180,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 19228 S US Hwy 331
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,243
13%
$280,621
20%
2024
$1,977
5%
$233,159
—
2023
$1,887
17%
$233,159
32%
2021
$1,615
-12%
$176,828
-22%
2022
$1,838
14%
$228,141
49%
2021
$1,615
189%
$153,538
171%
2019
$559
18%
$56,684
10%
2018
$475
-4%
$51,531
-3%
2017
$494
-1%
$53,340
—
2016
$499
-2%
$53,340
—
2015
$508
-1%
$53,340
—
2014
$515
-1%
$53,340
—
2013
$520
—
$53,340
—
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 19228 S US Hwy 331
19228 S US Highway 331, Freeport, FL 32439 (MLS# 1012476) is a Single Family property with 3 bedrooms and 2 full bathrooms. 19228 S US Highway 331 is currently listed for $1,180,000 and was received on September 22, 2026. Want to learn more about 19228 S US Highway 331? 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.

