3 Beds
2 Baths
1,884 SqFt
3 Beds
2 Baths
1,884 SqFt
Key Details
Property Type Single Family Home
Sub Type Detached Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,884 sqft
Price per Sqft $371
MLS Listing ID 1005028
Style Ranch
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1961
Annual Tax Amount $2,191
Tax Year 2025
Lot Size 2.050 Acres
Acres 2.05
Lot Dimensions 319x300x302x279
Property Sub-Type Detached Single Family
Source Emerald Coast Association of REALTORS®
Land Area 1884
Property Description
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.
Location
State FL
County Walton
Area 20 - Freeport
Zoning Business, Resid Multi-Family
Direction From the intersection of highway 20 and business 331 go North toward Freeport High School. The home will be on your left hand side at the corner of Bourbon Street and Business Highway 331.
Rooms
Primary Bedroom Level Main
Master Bedroom true
Kitchen true
Interior
Heating Central
Cooling Ceiling Fans, Central Air
Appliance Dishwasher, Microwave, Smoke Detector, Stove/Oven Electric, Water Heater - Elect
Exterior
Exterior Feature In-Ground Pool, Enclosed Patio, Fenced Lot (Partial)
Parking Features Garage Detached
Garage Spaces 2.0
Carport Spaces 2
Fence Fenced Lot-Part
Pool Pool - In-Ground, Pool Type
Utilities Available Electric, Phone, Public Water
Roof Type Composite Shingle
Street Surface Paved
Porch Patio Enclosed
Road Frontage City Street
Garage Yes
Building
Lot Description Corner, Level
Faces From the intersection of highway 20 and business 331 go North toward Freeport High School. The home will be on your left hand side at the corner of Bourbon Street and Business Highway 331.
Story 1
Sewer Public Sewer, Septic Tank
Water Well
Architectural Style Ranch
New Construction No
Schools
Elementary Schools Freeport
Middle Schools Freeport
High Schools Freeport
Others
Pets Allowed No
Tax ID 03-1S-19-23000-009-0000
Schools and Properties Nearby
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