14874 US-331 BUS
About This Property
The location provides excellent visibility and accessibility along the bustling US Hwy 331 corridor, surrounded by a mix of residential and commercial growth. Just minutes from downtown Freeport, local schools, shopping, and essential services, the property is also within easy reach of the beautiful Beaches of South Walton, Interstate 10, and Highway 98.
This is a prime development opportunity in one of Walton County's fastest-growing markets, where the demand for quality multi-family housing continues to rise. Inquire today to learn more. Buyer to verify all information deemed important.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 6, 2025 | Listed by Corcoran Reverie SRB | $4,000,000 | |
| Listed by Corcoran Reverie SRB | |||
| Apr 19, 2024 | Sold | ||
| Sold | |||
| Jan 12, 2024 | Listed by Compass | $2,300,000 | |
| Listed by Compass | |||
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Multi Lots 1 & 2 combined. 11.44 acres zoned R-3 on business 331 D.O approved for 128 multi-family units Introducing an exceptional opportunity to own a prime piece of real estate on US Hwy 331 in the charming town of Freeport, FL. This expansive parcel of land is now available for those seeking a strategic investment or envisioning the perfect location for their next project. Situated on the bustling US Hwy 331.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017