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Freeport 32439
14874 US-331 BUS
$4,000,000
● Land - For Sale

14874 US-331 BUS

Freeport, FL 32439
bedrooms
Studio
bathrooms
0 Bath
$19,641
Est. Monthly

About This Property

Introducing an exceptional opportunity to own a prime piece of real estate in the rapidly growing city of Freeport, Florida. This expansive 11.44-acre property, consisting of two combined parcels, is ideally situated along US Highway 331 and is zoned R-3 for multi-family use. The property comes with a Development Order (D.O.) approved for 128 apartment units, along with building plans and surveys offering a rare, shovel-ready opportunity ideal for developers and investors alike.

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.
Unit Size
-
Days on Market
371 days
Land Size
11.44 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-

Listed By

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Last updated: 2 years ago (ECAR #989106)

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
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.

Property Highlights

Exterior Details
Lot Size Area: 11.44
Lot Size Units: Acres
Lot Size Acres: 11.44
Lot Size Square Feet: 498326.4
Lot Size Dimensions: 1030x509
Utilities Details
Sewer : Public Sewer

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Freeport


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Frequently Asked Questions

When was property at 14874 U.S. 331 Business built and last sold?
The property at 14874 U.S. 331 Business was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 14874 U.S. 331 Business is $4,040,000.
What are some comparable homes to 14874 U.S. 331 Business?
There are currently no comparable homes to 14874 U.S. 331 Business.