14162 331 Business Freeport, FL 32439
Estimated payment $3,974/month
Total Views
978
3
Beds
2
Baths
1,884
Sq Ft
$371
Price per Sq Ft
Highlights
- In Ground Pool
- Primary Bedroom Suite
- Corner Lot
- Freeport Middle School Rated A-
- 2.05 Acre Lot
- 2 Car Detached Garage
About This Home
Development opportunities with this combination of acreage, zoning, frontage, and location are becoming increasingly difficult to find in the rapidly expanding City of Freeport. Positioned directly in front of the new Bourbon Street Townhouse Development Project, this 2.06-acre High Density Residential (R-3) property presents an exceptional opportunity for investors, builders, developers, and entrepreneurs seeking to capitalize on one of the area's fastest growing corridors.
Featuring approximately 302 feet of paved frontage along Business 331, this property offers both visibility and accessibility while providing substantial future development potential. Zoned High Density Residential (R-3), allowable density provides for up to eight single-family dwelling units per acre or up to fourteen duplex, triplex, quadruplex, or townhouse dwelling units per acre, creating multiple paths for future development and income-producing opportunities.
Currently situated on the property is an approximately 1,884 square foot residence offering 3 bedrooms, 2 bathrooms, existing utilities, spacious living areas, abundant natural light, and functional space that allows immediate occupancy, rental income potential, office space, or interim use while development plans take shape. The property additionally features a detached building with substantial storage area, garage space, and carport coverage while the unrestricted acreage allows flexibility rarely found within city limits. Park boats, RVs, equipment, work vehicles, or construct additional improvements without HOA restrictions. Strategically located within Freeport city limits and less than two miles from all three Freeport schools, this central location provides convenient access throughout Walton County while remaining approximately 12 miles from the Emerald Coast beaches. Destin, Niceville, DeFuniak Springs, shopping, dining, boating, charter fishing, Crab Island, and entertainment destinations remain within easy reach. Property highlights include:
*2.06 acres within Freeport city limits
*Approximately 302 feet of paved frontage on Business 331
*Zoned High Density Residential (R-3)
*Existing utilities already in place
*Flood Zone X
*No wetlands per Walton County GIS mapping
*Detached storage building, garage, and carport
*No HOA restrictions
*Directly adjacent to an active area of residential growth and development Whether your objective is redevelopment, residential density opportunities, income-producing investment, land banking, business use, or long-term appreciation potential, this property offers flexibility and scale rarely available within the growing Freeport market. Buyer to verify all information deemed important including zoning, density allowances, land use, dimensions, utilities, development potential, and future use possibilities.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,192
Year Built
- Built in 1961
Lot Details
- 2.05 Acre Lot
- Lot Dimensions are 319x300x302x279
- Partially Fenced Property
- Corner Lot
- Level Lot
- Property is zoned Business, Resid Multi-Family
Parking
- 2 Car Detached Garage
- 2 Carport Spaces
Home Design
- Composition Shingle Roof
- Block Exterior
- Vinyl Siding
Interior Spaces
- 1,884 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Fire and Smoke Detector
Kitchen
- Electric Oven or Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom Suite
- 2 Full Bathrooms
Outdoor Features
- In Ground Pool
- Enclosed Patio or Porch
Schools
- Freeport Elementary And Middle School
- Freeport High School
Utilities
- Multiple cooling system units
- Central Heating and Cooling System
- Water Tap Fee Is Paid
- Electric Water Heater
- Phone Available
Listing and Financial Details
- Assessor Parcel Number 03-1S-19-23000-009-0000
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,192 | $271,693 | -- | -- |
| 2024 | $1,951 | $249,121 | -- | -- |
| 2023 | $1,951 | $207,938 | $0 | $0 |
| 2022 | $1,857 | $239,819 | $0 | $0 |
| 2021 | $1,570 | $180,319 | $42,051 | $138,268 |
| 2020 | $865 | $158,729 | $74,830 | $83,899 |
| 2019 | $831 | $97,492 | $0 | $0 |
| 2018 | $810 | $95,674 | $0 | $0 |
| 2017 | $786 | $93,706 | $0 | $0 |
| 2016 | $691 | $91,779 | $0 | $0 |
| 2015 | $693 | $91,141 | $0 | $0 |
| 2014 | $692 | $90,418 | $0 | $0 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/09/2026 06/09/26 | For Sale | $699,900 | +100.0% | $371 / Sq Ft | |
| 10/13/2020 10/13/20 | Sold | $350,000 | 0.0% | $201 / Sq Ft | View Prior Sale |
| 08/09/2020 08/09/20 | Pending | -- | -- | -- | |
| 11/29/2019 11/29/19 | For Sale | $350,000 | -- | $201 / Sq Ft |
Source: Emerald Coast Association of REALTORS®
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $100 | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $345,500 | Shoreline Title Llc | |
| Interfamily Deed Transfer | -- | Attorney | |
| Deed | $100 | -- | |
| Interfamily Deed Transfer | -- | Attorney | |
| Warranty Deed | $90,000 | -- |
Source: Public Records
About the Listing Agent
Beverly Buck leads the Beverly Buck Team, bringing 38 years of marketing and contract experience along with more than 12 years of real estate expertise to serve buyers and sellers across Northwest Florida. As a 3rd-generation REALTOR®, Beverly combines strong negotiation skills, market knowledge, and a client-first approach tailored to each person’s unique goals. Known for integrity, clear communication, and exceptional service, the team helps clients buy, sell, and invest with confidence.
Beverly's Other Listings
Source: Emerald Coast Association of REALTORS®
MLS Number: 1005028
APN: 03-1S-19-23000-009-0000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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