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$1,150,000
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Property Description
With an excellent location along heavily traveled U.S. Highway 331 corridor in Freeport, Florida this +/-2.93 acre parcel sits directly adjacent to the proposed Bay Vita master-planned development. Bay Vita is proposing a large-scale mixed-use project consisting of hundreds of hotel rooms, commercial/retail space, convenience store, restaurants, storage facility, pickleball facility and more. Highway 331 carries an average daily traffic count of approximately 17,000 vehicles (FDOT), offering strong visibility and exposure. Walmart has recently secured a nearby location for a future supercenter as well, reinforcing the area's emergence as a regional retail and service hub with several major planned residential developments emerging as well bringing thousands of new single family homes to the area. Located just minutes north of Scenic Highway 30A's incredible beaches, the property combines coastal proximity with exceptional accessibility. This offering represents a prime opportunity to capitalize on Freeport's next wave of growth, anchored by major development, rising traffic counts, and expanding retail demand.
Full Property Details
Full Property Details for Tbd S US Hwy 331 S
General
- Price: $1,150,000
- Status: Active
- Type: Commercial
- Source: Emerald_Coast
- MLS ID: 992321
- Updated: 1/23/2026
- Added to Site: 43 day(s) ago
Location
- Area: 20 - Freeport
- County: Walton
- Driving Directions: From Santa Rosa Beach, head north over 331 Bridge. Property is located on right side right after 3280.
Lot Features
- Lot Size (Acres): 2.93
- Lot Dimensions: 1495 x 140
Disclosures and Reports
- Legal Description: COM NE/C LOT 4, RUN S 2 DEG 45 MIN W 774.09 FT TO BEG; CONTINUE S 2 DEG 45 MIN W 702.46 FT FOR POB; S 2 DEG 45' W 144 FT, N 88 DEG 43' W 1518.85 FT TO ST RD #331, NELY ALONG RD 240.4 FT, S 89 DEG 15'E TO THE POB. OR 2766-1736 LESS: DOT ROW AS DESC IN OR 2804 PG 3948. OR 2811-76
- APN: 34-1S-19-23000-010-0000
Listed by Christies International Real Estate Emerald Coast
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Price & Sales History for Tbd S US Hwy 331 S
Date
Details
Price
Change
Source
1/07/2026
Listed
$1,150,000
155.56%
MLS
5/13/2022
Sold
$450,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for Tbd S US Hwy 331 S
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,328
—
$407,283
—
2023
$5,314
11%
$407,283
5%
2022
$4,769
9%
$387,545
17%
2021
$4,383
—
$332,514
101%
2021
$4,383
131%
$165,375
23%
2019
$1,901
15%
$134,750
10%
2018
$1,649
-31%
$122,500
-31%
2017
$2,381
-1%
$176,400
—
2016
$2,398
-1%
$176,400
—
2015
$2,426
42%
$176,400
—
2014
$1,704
-1%
$176,400
—
2013
$1,719
—
$176,400
—
Disclaimer: Historical tax 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 S US Hwy 331 S
Tbd S US Highway 331 S, Freeport, FL 32439 (MLS# 992321) is a Commercial property. Tbd S US Highway 331 S is currently listed for $1,150,000 and was received on January 07, 2026. Want to learn more about Tbd S US Highway 331 S? 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.

