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$1,325,000 Just Listed
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Property Description
Premier 4.93-Acre Development Opportunity in the Heart of Freeport Rarely does a parcel of this size, character, and zoning become available in one of Freeport's fastest-growing corridors. Encompassing approximately 4.93 acres, this exceptional property is zoned Residential/Neighborhood Commercial (RC), allowing for an extensive range of residential, commercial, office, retail, and mixed-use development opportunities, subject to City approval. Positioned just minutes from the US Highway 331 and Highway 20 intersection, the property sits within the path of Freeport's continued growth, surrounded by expanding residential communities, new commercial development, schools, healthcare, and retail services. Unlike many development sites, this property offers beautiful mature live oak trees, impressive natural elevation, and an exceptionally wide footprint, creating a distinctive canvas for thoughtful development. Existing improvements are located on the property; however, the primary value lies in the land and its outstanding development potential. The RC zoning district is designed to encourage a vibrant blend of residential and neighborhood commercial uses, making this an ideal opportunity for apartments, townhomes, professional offices, retail, restaurants, mixed-use concepts, medical offices, office parks, or other compatible development permitted under the City's land development regulations. Large, well-located parcels with this level of zoning flexibility are becoming increasingly difficult to find in Freeport. Buyer to verify zoning, permitted uses, density, utilities, dimensions, and all development requirements.
Full Property Details
Full Property Details for 960 W Hwy 20
General
- Price: $1,325,000
- Taxes: $416 (2025)
- Status: Active
- Type: Vacant Land
- Source: Emerald_Coast
- MLS ID: 1008099
- Updated: 7/20/2026
- Added to Site: 1 day(s) ago
Location
- Area: 20 - Freeport
- County: Walton
- Subdivision: NO RECORDED PROJECT
- Driving Directions: From 331: Go west on Hwy 20 for 2 miles. Property on the right.
School Information
- Elementary School: Freeport
- Middle School: Freeport
- High School: Freeport
Utilities
- Utility Description: Electric
Lot Features
- Lot Size (Acres): 4.93
- Lot Size (Sq. Ft.): 214,750.8
- Lot Dimensions: 238 x 600 x 339 x 320 x 397
- Frontage: City Road
- Zoning: Commercial, Resid Single Family
Financial Considerations
- Price Per Acre: $268,762.68
- Tax Amount: $416.68
- Tax Year: 2025
Disclosures and Reports
- Legal Description: COM AT A PT WHERE N BDRY OF SR 20 INTERSECTS E BDRY OF SE4 OF SW4, RUN N 70 DEG 50 MIN 09 SEC W 451.66 FT TO POB, RUN N 19 DEG 09 MIN 51 SEC E 400 FT, RUN N 01 DEG 39 MIN 29 SEC W 326.99 FT, RUN S 89 DEG 28 MIN 36 SEC W 388.88 FT, RUN S 01 DEG 39 MIN 29 SEC E 614.80, RUN S 70 DEG 50 MIN 09 SEC E 263.80 FT TO POB OR 2247-128 ALSO COM WHERE EAST LINE OF SE1/4 OF SW1/4 SEC 9 INTERSECTS NORTH MARGIN S
- APN: 09-1S-19-23000-009-0040
- Property ID: 09-1S-19-23000-009-0040
Listed by EXP Realty LLC
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Schools
Schools serving 960 W Hwy 20
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 | 4.4 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 960 W Hwy 20
Date
Details
Price
Change
Source
7/20/2026
Listed
$1,325,000
—
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 960 W Hwy 20
960 W Hwy 20, Freeport, FL 32439 (MLS# 1008099) is a Vacant Land property with a lot size of 4.93 acres. 960 W Hwy 20 is currently listed for $1,325,000 and was received on July 20, 2026. Want to learn more about 960 W Hwy 20? 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.

