$4,900,000
Freeport, FL 32439
MLS# 791316
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Property Description
Positioned in the heart of Freeport, one of the fastest-growing communities in all of Florida, this expansive 222-acre parcel presents a rare and highly versatile investment opportunity in Walton County. Designated with a Future Land Use: Rural Residential and Zoning: Rural Village, the property offers exceptional flexibility for investors and developers alike. Whether envisioned as a large private estate, phased residential community, or a strategic subdivision and resale opportunity, the possibilities here are both diverse and scalable. The parcel is ideally located just 6 miles from U.S. Route 331, providing convenient access south to the world-renowned beaches of Scenic Highway 30A, which are only 20 minutes away. The property is also located just 20 minutes from Latitude ...
Details
Maps
Contract Info
List Price/Acre: 22072.07
Status: Active
List Date: 2026-06-14
List Price: $4,900,000
Current Price: $4,900,000
Location
Sub Area: 1210 - Walton - Freeport
Community/Resort: None
Waterfront: No
Elementary School: Freeport
Middle School: Freeport
High School: Freeport
Directions: Driving north on 331 from South Walton County turn right at the light to head East on HWY 20 towards HWY 79. The parcel is located approximately 6 miles down the road on the North side of Hwy 20, just east of Windswept Dunes.
Street #: TBD
Street Name: Hwy 20
Street Suffix: Road
Area: 12 - Walton County
State: FL
Zip Code: 32439
County: Walton
Subdivision: Other
Parcel ID: 23-1S-18-14000-001-0010
Legal Description: Beg At The Se/C Of Sec 23 Thence N Along The E Line Of Said Sec 23 A Dist Of 25 Chains To A Point In The N Row Line Of St Rd #20 Said Point Being The Pob Thence Cont N Along E Line Of Said Sec 23 A Dist Of 20 Chains To A Point Thence In A Nwly Direction Along The W & S Edge Of A Creek Swamp To A Point In The N Line Of Said Sec 23 Thence S 54 Deg 30'W A Dist Of 31 Chains M Or L On To A Point On The
General Property Info
Acreage: 222
Lot Size (SqFt): 9670320
Lot Dimensions: na/na
Sub-Type: Vacant Land
Listing Info, Tax & Legal
HOA Fee: No
Brokerage Interest: No Interest
As Is: Yes
Section: 23
Township: 1S
Range: 18
Remarks & Misc
Remarks: Positioned in the heart of Freeport, one of the fastest-growing communities in all of Florida, this expansive 222-acre parcel presents a rare and highly versatile investment opportunity in Walton County. Designated with a Future Land Use: Rural Residential and Zoning: Rural Village, the property offers exceptional flexibility for investors and developers alike. Whether envisioned as a large private estate, phased residential community, or a strategic subdivision and resale opportunity, the possibilities here are both diverse and scalable. The parcel is ideally located just 6 miles from U.S. Route 331, providing convenient access south to the world-renowned beaches of Scenic Highway 30A, which are only 20 minutes away. The property is also located just 20 minutes from Latitude ...
Lot Features
Irregular: 1
Survey Available: 1
Wooded: 1
Lot Access
State Highway: 1
Paved Road: 1
Present Zoning
Resid Single Family: 1
Other - See Remarks: 1
Utilities
Electricity - Connected: 1
Water Connected: 1
Septic - Needed: 1
Septic Tank: 1
Tap Fee Due: 1
Other - See Remarks: 1
Property Features
Lot Access: Paved Road; State Highway
Lot Features: Irregular; Survey Available; Wooded
Utilities: Electricity - Connected; Water Connected; Septic - Needed; Septic Tank; Tap Fee Due; Other - See Remarks
Present Zoning: Resid Single Family; Other - See Remarks
Supplements
Margaritaville and just under 30 minutes from the Panama City Beach Airport. The Airport is currently undergoing a large expansion, positioning it to become a principal port of entry into the area. The new Florida State University affiliate Hospital and Clinics, currently under construction, will also only be an easy 20 minutes drive. This prime positioning places future residents within easy reach of coastal amenities while enjoying the privacy and space of a rural setting. The parcel is the site of the proposed "Quail Run" residential development, envisioned to include approximately 400 homesites along with two 40,000-square-foot commercial buildings, creating a thoughtfully designed mixed-use community. Surrounded by the continued growth and demand driving Freeport and the greater Emerald Coast region, this property stands as a prime opportunity to capitalize on Northwest Florida's upward trajectory. With substantial acreage, favorable zoning, and subdivision plans already drawn up, this offering is well-positioned for immediate and long-term development success.
Listing Office: Christies International Real Estate Emerald Coast
Last Updated: June - 14 - 2026
Information deemed reliable but not guaranteed.