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Walton 32439
19228 S US Highway 331
$1,180,000
● House - For Sale

19228 S US Highway 331

Freeport, FL 32439
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,207 Ft²
$5,981
Est. Monthly

About This Property

**INVESTORS & DEVELOPERS--OPPORTUNITY ON US HWY 331\!** Positioned along the rapidly growing US 331 corridor in Freeport, this property is located on a canal and offers over 400 feet of road frontage, excellent visibility, public water and sewer availability, and outstanding potential for commercial use\.

Current **Rural Village zoning** allows for a variety of potential business uses, including professional and medical offices, restaurants, retail, lodging and more\. **General Commercial zoning may also be an option**, subject to applicable Walton County approvals\.

The property consists of **three full lots** and includes an existing **2,207\-square\-foot, 3\-bedroom/2\-bath brick home**, providing an excellent opportunity for conversion to professional office space or another permitted use\. The interior features a spacious kitchen, large flex space, updated bathrooms, tile and laminate flooring, and a wood\-burning fireplace with convenient exterior loading access\.

A **300\-foot well and septic system** are currently in place, while the availability of public water and sewer adds flexibility for future redevelopment\.

With canal frontage, over 400 feet of road frontage along **US Hwy 331**, multiple lots, an existing structure and versatile zoning potential, this is a unique opportunity in one of Northwest Florida's rapidly growing areas\. Buyer to verify zoning, allowable uses, utilities and development potential with Walton County and applicable utility providers.
Unit Size
2,207 Ft²
Days on Market
14 days
Land Size
1.58 acres
Price per sqft
$535
Property Type
House
Property Taxes
$187
HOA Dues
-
Year Built
1980

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Last updated: 14 days ago (ECAR #1012476)

Price History

Date / Event Date Event Price
Sep 18, 2026 Listed by Compass $1,180,000
Listed by Compass
Mar 4, 2025 Price Decreased $1,199,000
↓ $1K (0.1%)
Price Decreased
May 6, 2024 Listed by Coldwell Banker Realty $1,200,000
Listed by Coldwell Banker Realty
Investors what an opportunity ...Frontage on US HWY 331 with public water and sewer available in Freeport, one of the fastest growing areas in Florida. Current Rural Village zoning allows for many commercial business ventures including: Professional offices, restaurants, retail stores, medical offices, lodging, and several more options we can share with you. General Commercial zoning is an option if you choose to pursue it. This property includes three full lots with a 3 bedroom/2 Bathroom 2207 square foot brick home.(Potential Office Space) The interior offers a spacious kitchen, large flex space, tastefully updated bathrooms, tile and laminate flooring, and an amazing wood burning fireplace with an exterior load option. There is currently a 300 foot well and septic tank in place. Additionally, outside there is a covered patio, RV hanger, and greenhouse. The home also has a metal roof (20 years old), a tankless water heater (5 years old), and an HVAC (6 years old). The options for this property with its location in Freeport, and proximity to the bay make this a rare find! The city needs many businesses to support its incredible growth! As of 10/1/23, within the city limits of Freeport we have approx. 4,260 households (x 3 pph*) = 12,780; Residents just outside the city limits/within Freeport Service area; 4953 Households (x 3 pph*) = 14,859. All combined has the Total Freeport Community Population at 27,639. Notes from City of Freeport BIA meeting...*FDEP (person per household) multiplier: 3 We are not done yet!! There is much more to come... As of 10/1/23, there are 5,870 Single Family Residential Units approved*, 1,764 Multi-Family Residential Units approved*. This does not include the Master Planned Development units/square footage which has not yet been submitted for review. Approved development orders issues for 2024 include the following: -Custom Portable Buildings of the Panhandle -Old Miami Residences - 6 Townhome Units -Express Oil Change (5,673 sqft facility) -Chelco (28,638 sqft Operations & Service Center Facility & 1000 sqft Storage building) -Hwy 331 Retail Center (18,030 sqft retail, 7,727 sqft restaurant, 1,228 sqft outdoor seating, 2,155 sqft future drive-thru restaurant) -Bay-Kissed Holiday Interest - Vending permit for tree sales -Freeport Community Center (4,000 sqft) -Genoa Landing Phase I (68 Townhomes Units) -The Waters at Freeport Multi-Family Development (226 apts, 8,389 sqft of Clubhouse, 1,957 sqft pool, 1,200 sqft maintenance bldg) -Freeport of Florida POP (350 sqft Presence Facility for Uniti Fiber) 2024 Subdivision Record Plats: Single Family Owls Head Farms Phase 1-A (42 SF units) Single Family Owls Head Farms Phase 1-B (148 SF units)

Property Highlights

Fireplace
Parking Details
Has Garage
Parking Features: Converted Garage
Interior Details
Full Bathrooms: 2
Interior Features: Fireplace, Split Bedroom, Washer/Dryer Hookup
Appliances: Cooktop, Dishwasher, Stove/Oven Electric
Flooring Type: Floor Tile
Rooms: 5
Has Fireplace
Fireplace Features: Fireplace
Exterior Details
Square Footage: 2207
Property Condition: Construction Complete
Architectural Style: Ranch
Year Built: 1980
Building Area Total: 2207
Other Structures: Greenhouse
Construction Materials: Brick
Patio and Porch Features: Covered
Lot Features: Level, Survey Available
Lot Size Area: 1.58
Lot Size Units: Acres
Lot Size Acres: 1.58
Lot Size Square Feet: 68824.8
Lot Size Dimensions: see appraisal
Water Source: Well
Financial Details
Tax Annual Amount: $2,243
Utilities Details
Sewer : Septic Tank

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 320
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 51,488
  • Lot Size Depth Feet: 2,030
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,207
  • Gross Building Area: 2,207
  • Building Area: 2,207
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,207
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAIRDS S/D
  • Land Acres: 0000001182
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 14 BLK B + THOSE PARTS OF LOT 12 + 13 WHICH ARE N OF CENTER OF DRAIN WHICH DRAIN COMMENCES AT US HWY 331 DITCH + EMPTIES INTO CANAL IN LOT 13 IN BLK B LAIRD EDITION BK 3 PG 63 ALSO: LOT 15 BLK B AND ALSO: LOTS 16 & 17 BLK B LESS: NE1/4 OR 906

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950502

Zoning

  • Zoning: 3310

Geography

  • Assessors Map Reference: S1-34-19
  • Parcel: 34-1S-19-23070-00B-0140
  • Block: B
  • Lot: 14
  • Meridian: SEC 34 TWN 01S RNG 019
  • Municipality: COUNTY
  • Latitude: 30.4482
  • Longitude: -86.1335

    Address

  • Full Address: 19228 Us Highway 331 S
  • Address - House Number: 19228
  • Street Segment Direction: S
  • Address - Street Name: Us Highway 331
  • State: FL
  • City Name: Freeport
  • Carrier Code: R002
  • 4-Digit Zip Code: 4750
  • Zip Code: 32439

Valuation

    Tax

  • Total Area: 2,298
  • Tax Year: 2022
  • Tax Amount: $183,793
  • Tax Rate Code Area: 005

    Appraisal Valuation

  • Standard Deviation: 0.1876
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 75
  • Final Value: 350,365
  • High Value: 416,126
  • Low Value: 284,604

    Market Valuation

  • Market Total Value: $228,141
  • Market Land Value: $100,671
  • Market Improvement Value: $127,470

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $228,141
  • Assessed Land Value: $100,671
  • Assessed Improvements Value: $127,470
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

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

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Frequently Asked Questions

When was property at 19228 U.S. 331 built and last sold?
The property at 19228 U.S. 331 was built in 1980 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 19228 U.S. 331 is $1,181,155.
What are some comparable homes to 19228 U.S. 331?
There are currently no comparable homes to 19228 U.S. 331.