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Property Description
Positioned just east of the highly sought-after Hammock Bay community in Freeport, Florida, this 32-acre tract offers a prime opportunity for multifamily residential development or long-term investment. With proximity to top-rated schools, emerging commercial centers, and scenic coastal amenities, the property benefits from strong growth trends in Walton County. Its location near one of the region's most successful master-planned communities makes it an ideal site for future residential expansion, estate homes, or a strategically phased development project. The Phillips Portfolio represents a once-in-a-generation opportunity to invest in one of America's most dynamic growth markets. The Portfolio has been strategically assembled to include an inventory of 43 high-value assets. These assets span across Northwest Florida and include residential, commercial, and industrial assets. Structured with current income-producing, in-process development parcels and greenfield land opportunities. The Phillips Portfolio offers above-market return opportunities across the immediate, medium, and long-term investment horizons. Inquire with Listing Agents for full portfolio information.
Full Property Details
Full Property Details for 941 W Florida 20 Hwy
General
- Price: $2,000,000
- Status: Active
- Type: Commercial Investment
- Source: Bay_County
- MLS ID: 783720
- Updated: 1/15/2026
- Added to Site: 2 day(s) ago
Location
- County: Walton
- Subdivision: [No Recorded Subdiv]
- Driving Directions: Traveling on US Highway 331, turn West on Highway 20. The Subject Property is 2 miles down Highway 20 on the South side of the road.
Community
- Community Name: 12 - Walton County
Lot Features
- Lot Size (Acres): 32
- Lot Size (Sq. Ft.): 1,393,920
- Lot Size: 32
Disclosures and Reports
- Legal Description: Walton Co Parcel IDs: 09-1S-19-23000-009-0000, 09-1S-19-23000-009-0070, 09-1S-19-23000-009-0080, 16-1S-19-23000-008-0050, 16-1S-19-23000-008-0051
- Property ID: 09-1S-19-23000-009-0000
Listed by Nai Talcor
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Schools
Schools serving 941 W Florida 20 Hwy
School District:Walton County School District
| Name | Grades | Distance |
|---|---|---|
Freeport Middle School 360 Kylea Laird Drive, Freeport, FL 32439 | 6-8 | 1.1 mi |
Freeport Elementary School 15381 U.S. 331, Freeport, FL 32439 | PK-5 | 2 mi |
Freeport Senior High School 12615 U.S. 331, Freeport, FL 32439 | 9-12 | 4.6 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 941 W Florida 20 Hwy
Date
Details
Price
Change
Source
1/15/2026
Listed
$2,000,000
—
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 941 W Florida 20 Hwy
941 W Florida 20 Highway, Freeport, FL 32439 (MLS# 783720) is a Commercial Investment property. 941 W Florida 20 Highway is currently listed for $2,000,000 and was received on January 15, 2026. Want to learn more about 941 W Florida 20 Highway? Do you have questions about finding other Commercial Investment real estate for sale in Freeport? You can browse all Freeport real estate or contact a Coldwell Banker agent to request more information.

