$2,685,000
Freeport, FL 32439
MLS# 1004690

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Property Description
Exceptional residential development opportunity in the rapidly expanding Freeport market. This ±32.23-acre assemblage consists of six contiguous parcels strategically positioned just south of Highway 20 with access from Tucker Town Road and convenient connectivity to Highway 83A and the greater Walton County growth corridor. The property offers significant potential for a townhome or build-to-rent residential community, with conceptual density projections supporting approximately 135 to 200+ units, subject to engineering, rezoning, and governmental approvals. The site's scale and configuration provide flexibility for clustered residential planning, internal road networks, stormwater design, preserved natural areas, and community amenities. Freeport continues to experience strong residential growth driven by the expansion of South Walton and the Emerald Coast workforce housing market. Demand for attainable attached residential product remains high as buyers and renters seek convenient access to Santa Rosa Beach, Destin, and the Highway 98 corridor while benefiting from Freeport's continued infrastructure and commercial growth. This offering presents a rare opportunity for developers, builders, and build-to-rent operators to secure a large-scale residential land position within one of Northwest Florida's fastest-growing submarkets. Buyer to verify all information, dimensions, density, utilities, and development feasibility. Buyer to verify data for its own use.
Details
Maps
None
Current Price: $2,685,000
Status Change Info
Status: Active
Contract Info
List Date: 2026-06-04
List Price: $2,685,000
Listing Board: Emerald Coast
List Price/Acre: 83307.48
Location Tax and Legal
Street #: 830
Street Name: Four Mile
Street Suffix: Road
Area: 20 - Freeport
State: FL
Zip Code: 32439
County: Walton
Project Name/Subdivision: N/A
Parcel ID: 16-1S-19-23000-001-0009
General Property Info
Sub-Type: Vacant Land
Mineral Rights: No
Acreage: 32.23
Waterfront
Waterfront Feet: 500
Property Features
Sale Type: Accept Backup Offers
Lot Access: County Road; Paved Road
Zoning: Commercial; Resid Multi-Family
Waterfront: Creek
Waterview: Stream
Utilities: Community Sewer; Community Water; Electric
Listing Office: Century 21 AllPoints Realty
Last Updated: June - 04 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.