See Home Value
Walton 32439
338 W Bayou Forest Drive
$405,000
● House - Off Market

338 W Bayou Forest Drive

Freeport, FL 32439
bedrooms
3 Beds
bathrooms
2 Baths
$2,295
Est. Monthly
5.04%
Cap Rate

About This Property

An Incredible Opportunity on Mallet Bayou!

Tucked away on a peaceful cul-de-sac, this stunning .54-acre waterfront property boasts 50 feet of frontage on Mallet Bayou, offering deep water access and a true boater's paradise with easy entry to Choctawhatchee Bay.  Whether you're an investor or a dreamer ready to build your custom home, this property is your blank canvas. Framed by native Florida trees and lush natural surroundings, the setting is both tranquil and inspiring. The previous home of 2,600 sq ft has been gutted and is ready for updating or a total rebuild.  There is also a dock currently in place, but this will also need some updating.  Easy Show!!  The property is located in an AE Flood Zone.
Unit Size
-
Days on Market
45 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$90
HOA Dues
-
Year Built
1994

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (ECAR #973803)

Price History

Date / Event Date Event Price
May 29, 2025 Sold
Sold
Apr 14, 2025 Listed by Century 21 AllPoints Realty $449,000
Listed by Century 21 AllPoints Realty

Property Highlights

Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 552
  • Parking Space Count: 0
  • Patio Type: 92
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,784
  • Lot Size Depth Feet: 2,620
  • Lot Size Frontage Feet: 470
  • Total Building Area: 3,405
  • Gross Building Area: 3,405
  • Building Area: 2,853
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,853
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MCLEANS PROPERTY
  • Land Acres: 0000000546
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Mobile Home Indicator: T
  • Legal Description 1: LOT 1 OF LOT 11: COM SW/COR OF SEC 27, RUN N 00 DEG 0900E ALONG SEC LINE 445 FT, S 89 DEG 4300W 1243.71 FT, S 06 DEG 3149W 418.56 FT, S 13 DEG 0750W 307.76 FT, S 19 DEG 4818 W 340.85 FT, S 18 DEG 2757W 98.8 FT, N 71 DEG 3203W 292.33 FT TO PO

Neighborhood

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

Zoning

  • Zoning: BAYN

Geography

  • Assessors Map Reference: S1-28-19
  • Section: 27
  • Parcel: 28-1S-19-23030-000-0111
  • Block: 1
  • Lot: 1
  • Meridian: SEC 28 TWN 01S RNG 19W
  • Municipality: COUNTY
  • Latitude: 30.4559
  • Longitude: -86.1478

    Address

  • Full Address: 338 W Bayou Forest Dr
  • Address - House Number: 338
  • Street Direction: W
  • Address - Street Name: Bayou Forest
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Freeport
  • Carrier Code: R002
  • 4-Digit Zip Code: 4556
  • Zip Code: 32439

Valuation

    Tax

  • Total Area: 3,063
  • Tax Year: 2022
  • Tax Amount: $102,672
  • Tax Rate Code Area: 005

    Appraisal Valuation

  • Standard Deviation: 0.2578
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 63
  • Final Value: 782,459
  • High Value: 984,195
  • Low Value: 580,723

    Market Valuation

  • Market Total Value: $372,083
  • Market Land Value: $185,572
  • Market Improvement Value: $186,511

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $148,623

    Exemptions

  • Homeowner Exemption: Yes
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

About Walton


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals



Frequently Asked Questions

When was property at 338 West Bayou Forest Drive built and last sold?
The property at 338 West Bayou Forest Drive was built in 1994 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 338 West Bayou Forest Drive is $453,490.
What are some comparable homes to 338 West Bayou Forest Drive?
There are currently no comparable homes to 338 West Bayou Forest Drive.