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Walton 32439
7348 W ST HWY 20
$1,250,000
↓ $145K (10.4%)
● House - For Sale

7348 W ST HWY 20

Freeport, FL 32439
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
5,918 Ft²
$6,138
Est. Monthly

About This Property

Some properties are built. Others are discovered. Hidden beneath the sweeping canopy of century-old live oaks where sunlight filters through draping branches and water views peek through the trees, this extraordinary 1.34-acre waterfront estate offers an experience that feels increasingly impossible to find along the Emerald Coast.

Spanning nearly 6,000 square feet across three levels, this impressive brick residence combines scale, flexibility, and waterfront living in a way few properties can. Offering five bedrooms, four-and-a-half bathrooms, elevator access to all levels, hardwood flooring throughout, and private en-suites for every bedroom, this home was designed for buyers who need more than space--they need options.

The thoughtful floor plan creates exceptional opportunities for multi-generational living, large households, guest accommodations, or those seeking a property capable of adapting alongside changing needs. Whether housing multiple generations under one roof or creating separate spaces for long-term guests, the layout provides both connection and privacy.

At the center of the home, the gourmet kitchen opens into expansive gathering spaces designed for entertaining on every scale. Multiple screened porches create natural extensions of the living spaces, offering peaceful mornings beneath the oaks, sunset dinners overlooking the water, and spaces large enough to host celebrations, holidays, and unforgettable gatherings.
The second level creates one of the home's most remarkable living spaces with walls of windows stretching across the home, flooding interiors with natural light while showcasing stunning basin bayou views that shift beautifully throughout the day.

Storage, recreation, and flexibility were clearly part of the vision behind this property. The third floor is finished and a blank canvas that could be used for 2000 sqft of storage or creative options that fit your vision. Two oversized drive-through bay garages create extraordinary opportunities for RV storage, boats, workshops, recreational vehicles, watercraft, or collections that require more than traditional garage space can offer.

Outside, the possibilities expand even further.
Launch a kayak or paddleboard directly from your property and explore the waterways leading toward the bay. Spend the day fishing in the lake or head toward the bay by way of the low bridge near the locals' favorite, Nick's Seafood Restaurant. Bring the boat, the RV, the jet skis, and all the water toys because this property offers one luxury that has become increasingly rare--freedom.

No HOA. No restrictive covenants.

Located along Highway 20 with convenient access to Destin, marinas, dining, shopping, and the white sand beaches of the Emerald Coast, this property offers the rare combination of waterfront privacy while remaining connected to everything that makes coastal living desirable.

Luxury homes exist, Waterfront homes exist, Large homes exist. However, properties that combine all three with acreage, unrestricted use, multi-generational functionality, income potential, and a setting this remarkable are extraordinarily uncommon. There is simply not another property like this. Waterfront living without compromise. Unlimited potential with room to create whatever comes next. Call for your private tour today.
Unit Size
5,918 Ft²
Days on Market
125 days
Land Size
1.34 acres
Price per sqft
$211
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2007

Listed By

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Last updated: 5 days ago (ECAR #1004433)

Price History

Date / Event Date Event Price
Oct 1, 2026 Price Decreased $1,250,000
↓ $145K (10.4%)
Price Decreased
Sep 25, 2026 Price Decreased $1,395,000
↓ $100K (6.7%)
Price Decreased
Aug 13, 2026 Price Decreased $1,495,000
↓ $255K (14.6%)
Price Decreased
Jul 7, 2026 Price Decreased $1,750,000
↓ $450K (20.5%)
Price Decreased
Jun 27, 2026 Price Decreased $2,200,000
↓ $300K (12%)
Price Decreased
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Property Highlights

Garage
Air Conditioning
Elevator
Fireplace
With View
Parking Details
Has Garage
Attached Garage
Parking Features: Garage, Boat, Guest, Oversized, See Remarks, RV
Garage Spaces: 4
Interior Details
Half Bathrooms: 1
Full Bathrooms: 4
Interior Features: Bookcases, Elevator, Pantry, Fireplace, Lock Out, Shelving, Split Bedroom, Washer/Dryer Hookup, Woodwork Stained
Appliances: Dryer, Range Hood, Refrigerator, Washer, Water Heater, Auto Garage Door Opn, Smoke Detector, Stove/Oven Gas
Flooring Type: Hardwood, Floor Tile
Rooms: 7
Exterior Details
Square Footage: 5918
Property Condition: Construction Complete
Architectural Style: Southern
Year Built: 2007
Waterfront Features: Bayou
Building Area Total: 5918
Window Features: Window Treatment All
Construction Materials: Brick, Trim Vinyl
Patio and Porch Features: Covered, Enclosed, Screened
Lot Features: Cleared, Level, Wooded, Flood Insurance Req, Interior, Survey Available
Lot Size Area: 1.34
Lot Size Units: Acres
Lot Size Acres: 1.34
Lot Size Square Feet: 58370.4
Lot Size Dimensions: 404x150x384x97
Water Source: Well
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Central
Sewer : Septic Tank

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 15
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 14
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 1
  • Garage Square Area: 2,332
  • Parking Space Count: 8
  • Patio Type: 0
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 64,469
  • Lot Size Depth Feet: 4,300
  • Lot Size Frontage Feet: 1,500
  • Total Building Area: 10,348
  • Gross Building Area: 10,348
  • Building Area: 8,016
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 8,016
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001480
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: COM NE/C SEC 21, S 00 DEG 42 53W ON E LN SEC 21 1192.93FT TO A PT OF INTERSECT W/CNTRLIN OF ST RD 20, LYING IN CURVE CONCAVE NLY & RAD OF 4108.04FT THRU A CENTRAL ANGLE OF 22 DEG 2425 ARC DIST 1606.55FT (CRD BRG=N 76 DEG 4804W CHORD= 1596.33FT)

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950306

Zoning

  • Zoning: BAYN

Geography

  • Assessors Map Reference: CAP-Y
  • Section: 21
  • Parcel: 21-1S-20-32000-020-0010
  • Block: 2000
  • Lot: 10
  • Meridian: SEC 21 TWN 01S RNG 020
  • Municipality: COUNTY
  • Latitude: 30.4861
  • Longitude: -86.2473

    Address

  • Full Address: 7348 State Highway 20 W
  • Address - House Number: 7348
  • Street Segment Direction: W
  • Address - Street Name: State Highway 20
  • State: FL
  • City Name: Freeport
  • Carrier Code: R001
  • 4-Digit Zip Code: 2237
  • Zip Code: 32439

Valuation

    Tax

  • Total Area: 9,345
  • Tax Year: 2022
  • Tax Amount: $891,201
  • Tax Rate Code Area: 005

    Appraisal Valuation

  • Standard Deviation: 0.1876
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 75
  • Final Value: 1,805,986
  • High Value: 2,144,957
  • Low Value: 1,467,016

    Market Valuation

  • Market Total Value: $1,139,327
  • Market Land Value: $176,412
  • Market Improvement Value: $962,915

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,139,327
  • Assessed Land Value: $176,412
  • Assessed Improvements Value: $962,915

    Sales

  • Current Sale Contract Date: Nov 14, 2005
  • Current Sale Recording Date: Nov 15, 2005
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 921599
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


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Frequently Asked Questions

When was property at 7348 State Hwy 20 built and last sold?
The property at 7348 State Hwy 20 was built in 2007 and last sold on Nov 14, 2005 for $400,000.
How much is this home worth?
The estimated value of the home located at 7348 State Hwy 20 is $1,262,500.
What are some comparable homes to 7348 State Hwy 20?
There are currently no comparable homes to 7348 State Hwy 20.