TBD S US Highway 331, Freeport, FL 32439 (MLS# 992321)

TBD S US Highway 331, Freeport, FL 32439

New Listing

$1,150,000

Property Type: Commercial for Sale Lot Size (sq. ft.): 186,437 Status: Active

Current Price: $1,150,000 List Date: 1/07/2026 Last Modified: 1/08/2026

Description

With an excellent location along heavily traveled U.S. Highway 331 corridor in Freeport, Florida this ±4.28-acre parcel sits directly adjacent to the Bay Vita master-planned development, approved by Walton County under an active Development Order. Bay Vita is entitled for a large-scale mixed-use project consisting of hundreds of hotel rooms, commercial/retail space, convenience store, restaurants, storage facility, pickleball facility and more. Highway 331 carries an average daily traffic count of approximately 17,000 vehicles (FDOT), offering strong visibility and exposure. The property also benefits from an existing highway cut-out for access.

Supplements: Walmart has recently secured a nearby location for a future supercenter as well, reinforcing the area's emergence as a regional retail and service hub with several major planned residential developments emerging as well bringing thousands of new single family homes to the area. Located just minutes north of Scenic Highway 30A's incredible beaches, the property combines coastal proximity with exceptional accessibility. This offering represents a prime opportunity to capitalize on Freeport's next wave of growth, anchored by major development, rising traffic counts, and expanding retail demand.

More Information MLS# 992321

Contract Info

GCCMLS Number: 99999999 Listing Board: Emerald Coast List Date: 2026-01-07 List Price: $1,150,000

Location, Tax and Legal

Sub Area: 2009 - S. of 20 to Rd 3280 and Blackcreek Legal Description: COM NE/C LOT 4, RUN S 2 DEG 45 MIN W 774.09 FT TO BEG; CONTINUE S 2 DEG 45 MIN W 702.46 FT FOR POB; S 2 DEG 45' W 144 FT, N 88 DEG 43' W 1518.85 FT TO ST RD #331, NELY ALONG RD 240.4 FT, S 89 DEG 15'E TO THE POB. OR 2766-1736 LESS: DOT ROW AS DESC IN OR 2804 PG 3948. OR 2811-76

General Property Info

Listed on GCCMLS: No Vacant: Yes Immediate Occupancy: Yes Acreage: 4.28

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: With an excellent location along heavily traveled U.S. Highway 331 corridor in Freeport, Florida this ±4.28-acre parcel sits directly adjacent to the Bay Vita master-planned development, approved by Walton County under an active Development Order. Bay Vita is entitled for a large-scale mixed-use project consisting of hundreds of hotel rooms, commercial/retail space, convenience store, restaurants, storage facility, pickleball facility and more. Highway 331 carries an average daily traffic count of approximately 17,000 vehicles (FDOT), offering strong visibility and exposure. The property also benefits from an existing highway cut-out for access.

Class

Land: 1

Land

Property Type: Other (See Notes)

None

Current Price: $1,150,000

Status Change Info

Status: Active

Location Tax and Legal

Area: 20 - Freeport Street #: TBD Street Direction: S Street Name: US Highway 331 State: FL Zip Code: 32439 County: Walton Parcel ID: 34-1S-19-23000-010-0000

Property Features

Class: Land

Listing Office: Christies International Real Estate Emerald Coast

Last Updated: January - 08 - 2026

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

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