7348 W St Hwy 20, Freeport

$1,250,000

5 Beds
5 Baths
5,918 Sqft
1.34 Acres
4 Garages

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.

Essential Information
MLS® #1004433
Price$1,250,000
Bedrooms5
Bathrooms5.00
Full Baths4
Half Baths1
Square Footage5,918
Acres1.34
Year Built2007
TypeResidential
Sub-TypeDetached Single Family
StylePueblo
StatusActive
Community Information
Address7348 W St Hwy 20
Area20 - Freeport
SubdivisionN/A
CityFreeport
CountyWalton
StateFL
Zip Code32439
Amenities
# of Garages4
ViewBay, Bayou
Is WaterfrontYes
WaterfrontBayou
Utilities

Electric, Gas - Natural, Private Well, Septic Tank, Underground

Parking

Garage Door Opener, Boat, Guest, Oversized, RV Access/Parking, Garage, See Remarks

Interior
HeatingCentral, Gas - Natural
CoolingCentral Air, Ceiling Fan(s)
# of Stories3
Interior Features

Bookcases, Fireplace, Lock Out, Pantry, Shelving, Split Bedroom, Washer/Dryer Hookup, Natural Woodwork, Elevator

Appliances

Dryer, Range Hood, Refrigerator, Washer, Electric Water Heater

Exterior
Exterior FeaturesDock, Lawn Pump, Rain Gutters
WindowsWindow Treatments
RoofMetal
ConstructionBrick, Trim Vinyl
FoundationFoundation On Piling, Slab
Lot Description

Cleared, Flood Insurance Req, Interior Lot, Level, Survey Available, Wooded

School Information
ElementaryFreeport
MiddleFreeport
HighFreeport
Zoning

County, Resid Single Family, Unrestricted

Listing Details
OfficeColdwell Banker Realty
Property History
Price Reduced from $1,395,000 to $1,250,000
Price Reduced from $1,495,000 to $1,395,000
Price Reduced from $1,750,000 to $1,495,000
Price Reduced from $2,200,000 to $1,750,000
Price Reduced from $2,500,000 to $2,200,000
LISTING MAP

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All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2026, All rights reserved.
Vendors Member Number : 28325

Listing information last updated on October 15th, 2026 at 5:22am CDT.