20502 Us-331, Freeport, FL 32439 - Photo 1

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$2,995,000 -$500,000 (-14.31%) Price Reduced

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Commercial

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Property Description

INDUSTRIAL ZONING! Prime acreage along the newly expanded Highway 331, less than a 1/2 mile North of the new bridge crossing the Choctawhatchee Bay in South Walton County of the emerging market of Freeport, Florida! At an expanse of over 3-acres, and approximate 310' of Highway frontage, this parcel will cater to a host of highest and best uses and effective site-planning scenarios. Buyer must verify future land use/zoning via Walton County Planning & Zoning. Please inquire for further details.

Full Property Details

Full Property Details for 20502 US-331

General

Price: $2,995,000
Status: Active
Type: Commercial
Source: Emerald_Coast
MLS ID: 923215
Updated: 2/9/2026
Added to Site: 1, 003 day(s) ago

Location

Area: 20 - Freeport
County: Walton
Driving Directions: MapQuest: 20502 US-331, Freeport, FL 32439

Lot Features

Lot Size (Acres): 3.41
Lot Dimensions: 310 x 421 x 332 x 437

Disclosures and Reports

Legal Description: COM CENTER OF SEC 4, RUN S 0 DEG 20 MIN W 169.9 FT; S 76 DEG 15 MIN E 416.9 FT TO HWY =331; N 26 DEG E100 FT; N 26 DEG 45 MIN E 150 FT; N 29 DEG 30 MIN E 345 FT; N 33 DEG 30 MIN E 50 FT; N 34 DEG E 100 FT TO BEG; N 56 DEG W 300 FT, N 34 DEG 15 MIN E 101.75 FT; N 35 DEG 30 MIN E 105 FT; N 37 DEG E 106.5 FT; S 53 DEG E 300 FT; S 30 DEG 30 MIN W 100 FT; S 35 DEG 30 MIN W TO BEG. V 234-205; ALSO: COM
APN: 04-2S-19-24000-025-0000

Listed by Somers & Company

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— 20502 US-331 —

Somers & Company
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Schools

Schools serving 20502 US-331

School District:Walton County School District

Name	Grades	Distance
Freeport Elementary School 15381 U.S. 331, Freeport, FL 32439	PK-5	4.1 mi
Freeport Middle School 360 Kylea Laird Drive, Freeport, FL 32439	6-8	4.5 mi
Freeport Senior High School 12615 U.S. 331, Freeport, FL 32439	9-12	8.6 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 20502 US-331 Get Price Alerts and Save Property

Date

Details

Price

Change

Source

2/09/2026

Price Reduced

$2,995,000

-14.31%

MLS

12/22/2025

Price Increased

$3,495,000

16.69%

MLS

12/27/2024

Price Increased

$2,995,000

8.91%

MLS

10/24/2024

Price Reduced

$2,750,000

-6.78%

MLS

5/20/2024

Price Reduced

$2,950,000

-1.5%

MLS

5/12/2024

Price Increased

$2,995,000

1.53%

MLS

5/02/2024

Price Reduced

$2,950,000

-1.5%

MLS

5/13/2023

Listed

$2,995,000

—

MLS

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.

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20502 Us-331, Freeport, FL 32439 (MLS# 923215) is a Commercial property. 20502 Us-331 is currently listed for $2,995,000 and was received on May 13, 2023. Want to learn more about 20502 Us-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.

20502 US-331 Freeport, FL 32439