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$899,000 -$51,000 (-5.37%) Price Reduced

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Active
Vacant Land
1.2 Acres
Updated 1 day ago

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Property Description

1.2 acres +/- of VACANT COMMERCIAL land. Parcels are located High and Dry in FEMA Flood Zone X. Located 1.2 miles south of HWY 20 and HWY 331 intersection. Across the street from Riverwalk Subdivision, Eglin Federal Credit Union, 1/2 miles to Publix, Less than 1,000ft from the new Walmart that was just approved for build. Current traffic trends indicated upwards of 30,000 vehicles per day on average. Water and Electric are already on site.

Full Property Details

Full Property Details for S Us-331

General

Price: $899,000
Taxes: $1,383 (2025)
Status: Active
Type: Vacant Land
Source: Emerald_Coast
MLS ID: 990523
Updated: 4/13/2026
Added to Site: 134 day(s) ago

Location

Area: 20 - Freeport
County: Walton
Subdivision: Highway 331
Driving Directions: Turn South from HWY 20 to HWY 331 S, property is located on East side of HWY 331 approx.. 1.2 miles south of HWY 20

School Information

Elementary School: Freeport
Middle School: Freeport
High School: Freeport

Lot Features

Lot Size (Acres): 1.2
Lot Size (Sq. Ft.): 52,272
Lot Dimensions: 150 x 350
Frontage: State Highway
Zoning: County

Financial Considerations

Price Per Acre: $749,166.67
Tax Amount: $1,383.26
Tax Year: 2025

Disclosures and Reports

Legal Description: COM AT THE NW/C OF SEC 23-1S- 19W THENCE RUN E 657.20FT RUN S 215.60FT THENCE RUN S 18 DEG 01'00''W 2, 097FT TO THE POB ON THE E ROW OF ST RD #331 CONT ALONG ROW RUN S 18 DEG 01'00''W 75FT RUN S 71 DEG 59'00''E 400 FT RUN N 18 DEG 01'00''E 75FT RUN N 71 DEG 59'00''W 400FT TO THE POB OR 1126-292 OR 2642-4008 LESS: DOT ROW AS DESC IN OR 2808-3269 OR 2873-1426 OR 3311-1154
APN: 23-1S-19-23000-001-0110
Property ID: 23-1S-19-23000-001-0110

Buyer's Brokerage Compensation: Contact Listing Agent

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Meet the listing agent

— S Us-331 —

Terry Kemp

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(850) 376-6102 mobile

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NMLS#: 1598647

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Schools

Schools serving S Us-331

School District:Walton County School District

Name	Grades	Distance
West Defuniak Elementary School 815 Lincoln Avenue, DeFuniak Springs, FL 32435	K-5	1 mi
Maude Saunders Elementary School 416 John Baldwin Road, DeFuniak Springs, FL 32433	K-5	1.6 mi
Walton Middle School 605 Bruce Avenue, DeFuniak Springs, FL 32435	6-8	2.7 mi
Walton High School 449 Walton Road, DeFuniak Springs, FL 32433	9-12	1.5 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 S Us-331 Get Price Alerts and Save Property

Date

Details

Price

Change

Source

4/13/2026

Price Reduced

$899,000

-5.37%

MLS

12/01/2025

Listed

$950,000

—

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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S Us-331, Freeport, FL 32439 (MLS# 990523) is a Vacant Land property with a lot size of 1.2 acres. S Us-331 is currently listed for $899,000 and was received on December 01, 2025. This property is listed by Terry Kemp from our Niceville Office.Want to learn more about S Us-331? 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.

S Us-331 Freeport, FL 32439