14874 Us-331 Bus, Freeport

$4,000,000

0 Bed
0 Bath
11.44 Acres
0 Garage

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.

Essential Information
MLS® #989106
Price$4,000,000
Acres11.44
TypeLand
Sub-TypeUnimproved Land
StatusActive
Community Information
Address14874 Us-331 Bus
Area20 - Freeport
SubdivisionThe Oaks of Freeport
CityFreeport
CountyWalton
StateFL
Zip Code32439
Amenities
UtilitiesPublic Sewer, Public Water
School Information
ElementaryFreeport
MiddleFreeport
HighFreeport
Additional Information
ZoningResid Multi-Family
Listing Details
OfficeCorcoran Reverie SRB
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Listing information last updated on October 14th, 2026 at 9:07pm CDT.