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TBD Hwy 20 Road

Freeport, FL 32439
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Acres222

Acres(Lot)

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 ... Margarita ville 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.

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Detail Ic Property Details

Property Type : Land

Price : $4,900,000

AD Id : 84854757

MLS Id : 791316

Lot Size : 222 Acres(Lot)

County : Walton

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Feature Features

  • Lot Information

    Lot Dimensions: na/na Main Square Feet: 222 Lot Size Acres: 222 Lot Size Square Feet: 9,670,320 Lot Description: Paved

    Property Information

    Subdivision: Other Source Property Type: Land MLS Area Minor: 1210 - Walton - Freeport Zoning Description: Other - See Remarks, Resid Single Family Property SubType: Unimproved Land

  • Listing Price Information

    Listing Price: $4900000

  • Tax Information

    Parcel Number: 23-1S-18-14000-001-0010 Tax Legal Desc: 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

  • School Information

    Elementary School: Freeport Junior High School: Freeport Senior High School: Freeport
  • Location Information

    Direction: 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.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
County 83a Road, Freeport, FL, 32439 $399,900 -- -- -- 6.07 Acres(Lot)
Bay Grove Road, Freeport, FL, 32439 $500,000 -- -- -- 0.35 Acre(Lot)
000 Joe Dugger Road, Freeport, FL, 32439 $500,000 -- -- -- 20.28 Acres(Lot)
Arrowwood, Freeport, FL, 32439 $85,000 -- -- -- 0.19 Acre(Lot)
175 Wildwood Drive, Freeport, FL, 32439 $120,000 -- -- -- 0.45 Acre(Lot)
Old Jolly Bay Road, Freeport, FL, 32439 $125,000 -- -- -- 0.60 Acre(Lot)
Shadow Lane, Freeport, FL, 32439 $135,000 -- -- -- 0.82 Acre(Lot)
LOT 10 Mallet Road, Freeport, FL, 32439 $115,000 -- -- -- 0.98 Acre(Lot)
TBD Mallet Bayou Road #.., Freeport, FL, 32439 $115,000 -- -- -- 0.43 Acre(Lot)
TBD Hwy 331, Freeport, FL, 32439 $550,000 -- -- -- 4.53 Acres(Lot)

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ByOwner last updated this listing 06/17/2026 @ 15:59

MLS: 791316 LISTED BY: Amin Delawalla, Christies International Real Estate Emerald Coast 850-213-2800 SOURCE: CPAR

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