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$4,900,000 Just Listed
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Property Description
Positioned in the heart of Freeport, one of the fastest-growing communities in all of Florida, this expansive 222-acre parcel presents a rare and highly versatile investment opportunity in Walton County. Designated with a Future Land Use: Rural Residential and Zoning: Rural Village, the property offers exceptional flexibility for investors and developers alike. Whether envisioned as a large private estate, phased residential community, or a strategic subdivision and resale opportunity, the possibilities here are both diverse and scalable. The parcel is ideally located just 6 miles from U.S. Route 331, providing convenient access south to the world-renowned beaches of Scenic Highway 30A, which are only 20 minutes away. The property is also located just 20 minutes from Latitude ... Margaritaville and just under 30 minutes from the Panama City Beach Airport. The Airport is currently undergoing a large expansion, positioning it to become a principal port of entry into the area. The new Florida State University affiliate Hospital and Clinics, currently under construction, will also only be an easy 20 minutes drive. This prime positioning places future residents within easy reach of coastal amenities while enjoying the privacy and space of a rural setting. The parcel is the site of the proposed "Quail Run" residential development, envisioned to include approximately 400 homesites along with two 40,000-square-foot commercial buildings, creating a thoughtfully designed mixed-use community. Surrounded by the continued growth and demand driving Freeport and the greater Emerald Coast region, this property stands as a prime opportunity to capitalize on Northwest Florida's upward trajectory. With substantial acreage, favorable zoning, and subdivision plans already drawn up, this offering is well-positioned for immediate and long-term development success.
Full Property Details
Full Property Details for Tbd Hwy 20 Rd
General
- Price: $4,900,000
- Status: Active
- Type: Vacant Land
- Source: Bay_County
- MLS ID: 791316
- Updated: 6/14/2026
- Added to Site: 1 day(s) ago
Location
- County: Walton
- Township: 1S
- Subdivision: Other
- Driving Directions: Driving north on 331 from South Walton County turn right at the light to head East on HWY 20 towards HWY 79. The parcel is located approximately 6 miles down the road on the North side of Hwy 20, just east of Windswept Dunes.
School Information
- Elementary School: Freeport
- Middle School: Freeport
- High School: Freeport
Community
- Community Name: 12 - Walton County
Utilities
- Sewer: Septic Needed
Lot Features
- Lot Size (Acres): 222
- Lot Size (Sq. Ft.): 9,670,320
- Lot Size: 222
- Lot Dimensions: na/na
- Frontage: Highway
- Lot Features: Paved
- Zoning: Other - See Remarks, Resid Single Family
Disclosures and Reports
- Legal Description: Beg At The Se/C Of Sec 23 Thence N Along The E Line Of Said Sec 23 A Dist Of 25 Chains To A Point In The N Row Line Of St Rd #20 Said Point Being The Pob Thence Cont N Along E Line Of Said Sec 23 A Dist Of 20 Chains To A Point Thence In A Nwly Direction Along The W & S Edge Of A Creek Swamp To A Point In The N Line Of Said Sec 23 Thence S 54 Deg 30'W A Dist Of 31 Chains M Or L On To A Point On The
- Property ID: 23-1S-18-14000-001-0010
Listed by Christies International Real Estate Emerald Coast
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Price & Sales History for Tbd Hwy 20 Rd
Date
Details
Price
Change
Source
6/14/2026
Listed
$4,900,000
—
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 Tbd Hwy 20 Rd
Tbd Hwy 20 Road, Freeport, FL 32439 (MLS# 791316) is a Vacant Land property with a lot size of 222 acres. Tbd Hwy 20 Road is currently listed for $4,900,000 and was received on June 14, 2026. Want to learn more about Tbd Hwy 20 Road? 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.

