TBD Hwy 20, Freeport, FL 32439
Local realty services provided by:Better Homes and Gardens Real Estate Emerald Coast
TBD Hwy 20,Freeport, FL 32439
$4,900,000
- 222 Acres
- Lots / Land
- Active
Listed by: delawalla group
Office: christies international real estate emerald coast
MLS#:1004535
Source:FL_ECAR
Price summary
- Price:$4,900,000
About this home
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 ... Margaritaville 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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Home facts
- Listing ID #:1004535
- Added:53 day(s) ago
- Updated:July 26, 2026 at 03:04 PM
Structure and exterior
- Lot area:222 Acres
- Lot Features:Irregular, Wooded
Schools
- High school:Freeport
- Middle school:Freeport
- Elementary school:Freeport
Utilities
- Water:Public Water, Tap Fee Due
Finances and disclosures
- Price:$4,900,000
- Tax amount:$17,916 (2025)
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