2 Beds
2 Baths
1,872 SqFt
2 Beds
2 Baths
1,872 SqFt
Key Details
Property Type Single Family Home
Sub Type Detached Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,872 sqft
Price per Sqft $686
MLS Listing ID 1012926
Style A-Frame
Bedrooms 2
Full Baths 2
HOA Y/N No
Year Built 1978
Annual Tax Amount $2,416
Tax Year 2025
Lot Size 1.280 Acres
Acres 1.28
Lot Dimensions 296x296
Property Sub-Type Detached Single Family
Source Emerald Coast Association of REALTORS®
Land Area 1872
Property Description
Discover an unparalleled opportunity to acquire a versatile, high-potential property located at 362 Red Barn Rd, Freeport, FL. Currently a 2-bedroom, 2-bathroom residence spanning approximately 1,872 square feet, this property is poised for significant transformation, making it an ideal candidate for strategic real estate development and tax-advantaged holding.
Unlock Exceptional Value
Investors can leverage current property tax incentives by securing ownership before the 2026 threshold, positioning this acquisition as a timely and efficient addition to your portfolio. Furthermore, the property's structure and current layout are ideal for a cost segregation study, allowing for accelerated depreciation of specific components--an excellent strategy for optimizing cash flow and tax liabilities in a high-value real estate asset.
Development & Expansion Potential
This property is more than just a home; it is a canvas for visionaries. Designed for scalability, the residence includes clear potential to connect and expand existing structures, significantly increasing square footage. For those looking to maximize bedroom count and rental appeal, the layout allows for a seamless conversion of the current flexible space back into a functional 3rd bedroom.
Ideal for Bio-Research & Specialized Development
Situated in a serene environment conducive to focus and innovation, this site offers the quiet, secure, and expansive setting required for specialized operations. Its layout provides a foundational structure suitable for repurposing into a high-tech bio-research facility, laboratory space, or a specialized technical research studio. The combination of land versatility, expansion capability, and privacy makes it a rare find for those in the bio-tech and advanced research sectors seeking a unique development project.
Property Highlights
Location: Ideally positioned in Freeport, FL, offering both seclusion and accessibility.
Flexibility: Easily adaptable layout for conversion to a 3-bedroom configuration.
Development Ready: Prime potential for home expansion and architectural upgrades.
Investment Edge: Strategic tax planning opportunities, including cost segregation benefits.
Sector Optimization: A perfect base for bio-research projects requiring a controlled, private, and customizable environment.
Don't miss the chance to capitalize on this exceptional intersection of real estate potential and fiscal efficiency. Contact us today to explore the possibilities of this unique Freeport asset.
Location
State FL
County Walton
Area 20 - Freeport
Zoning Resid Single Family
Direction From Bay Loop (County Hwy 83A), Turn Right onto Red Barn Road, Property will be on your Right.
Rooms
Primary Bedroom Level Main
Master Bedroom true
Kitchen true
Interior
Cooling Central Air
Exterior
Parking Features Garage, Boat, Garage Detached, Golf Cart Covered, Golf Cart Open, Oversized, RV
Utilities Available Public Water
Road Frontage County Road
Garage No
Building
Lot Description Interior
Faces From Bay Loop (County Hwy 83A), Turn Right onto Red Barn Road, Property will be on your Right.
Story 1
Sewer Septic Tank
Architectural Style A-Frame
New Construction No
Schools
Elementary Schools Freeport
Middle Schools Freeport
High Schools Freeport
Others
Pets Allowed No
Tax ID 31-1S-19-23000-003-0160
Schools and Properties Nearby
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