Freeport Real Estate | Freeport Properties over $2,000,000 for Sale

Set on a rare 6.8-acre point along Lagrange Bayou, this offering is unlike anything else on the market in Freeport -- an unmatched combination of 725 feet of waterfront, two single-family homes, a versatile third structure, and three private docks, all positioned to capture the best sunset views on the water. Perched on the point, this property is oriented to soak in panoramic water views across the bayou and into Choctawhatchee Bay, with front-row seats to some of the most spectacular sunsets in the area. Wildlife is part of everyday life here -- herons wading the shallows, dolphins gliding past the docks, and eagles, osprey, and deer moving through the property's wooded acreage. It's the kind of natural beauty and privacy that simply isn't replicated on parcels of this scale so close to the water. The Main residence offers a single-level, split-plan layout with 3 bedrooms, cathedral ceilings, and a wall of windows framing the water and sunset views. Finishes throughout reflect no expense spared: custom walnut cabinetry, quartzite countertops, hardwood flooring, and hurricane-rated doors and windows. The covered cumaru deck on the south side is the perfect perch for dining or relaxing, with sweeping bayou and bay views and steady breezes off the water year round. A true multi-family or income-generating asset, the second home features 2 bedrooms and 2 bathrooms, a large galley kitchen with hickory cabinets and natural stone countertops, and a two-story layout that feels like its own private retreat. Upstairs offers a bedroom suite with en-suite bath and a library; downstairs opens to panoramic water views and a fireplace for cooler months. Covered parking is also located here. A third structure currently used as a workshop, creates a bonus or flexible space including a sleeping loft and full bathroom -- ready to become an additional guest suite, private office, or personal getaway. Beyond the seawall, three private docks with open boathouses, boat lifts, and catwalks are already in place. Just bring your boat or jet skis. With this much wooded acreage, waterfront, and privacy rarely -- if ever -- available together in Freeport, the next owner has the rare chance to preserve this sanctuary as-is, add personal structures, or explore development potential on one of the most significant homesites the area has ever seen.

104 George Ellis Pt, Freeport

$2,685,000

1004690 MLS

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. All information is believed to be accurate but is not guaranteed. Prospective buyers are responsible for independently verifying all information and determining the property's suitability for their intended use. All final terms are subject to negotiation and shall be set forth in a fully executed sales agreement between the parties.

830 Four Mile Rd, Freeport

$4,900,000

1004535 MLS

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. Contact the Listing Agent for Additional Property Information.

Tbd Hwy 20, Freeport

$2,499,000

3 Beds ⋅ 3 Baths ⋅ 1004460 MLS

Boating & Fishing HEAVEN! Waterfront, custom-built home with 10,000lb boat lift, waverunner lift, pro cleaning station and covered fire pit nestled in the safe haven waters of Lagrange Bayou. Easy access to the Bay and quick ride to the Gulf Pass. 3B/3B with dedicated office and a bonus room currently being used as a second office that can easily be converted to a 4th bedroom. Enjoy spectacular waterviews from the comfort of your open living/kitchen/dining plus an incredible 20x37' screened lanai with adjacent covered, outdoor kitchen. Contemporary brick and hand-laid stone with cypress accents, slate metal roof, wood-look tile floors, three-stage crown molding...every attention to detail is found in this custom Builder's home. Schedule a private showing today. Bayou tour available by request.

64 Lagrange Cove Cir, Freeport

$2,150,000

1004055 MLS

150 Marquis Way presents a rare 4.05-acre development opportunity in the heart of Freeport's explosive growth corridor. The property includes more than $475,000 in prepaid water capacity fees that transfer with the sale, offering immediate utility savings and development readiness. A current Development Order for a hotel provides flexibility for hospitality or mixed-use concepts. The site enjoys dual access from Marquis Way/311 and Highway 20 (Blue Ridge Parkway), with the Marquis connector extending west via bridge to Highway 83A South, ensuring strong regional connectivity. This parcel sits amid major new development activity including Hammock Bay, a 3,000-acre master-planned community with thousands of existing homes and continuous residential expansion, anchors the population growth driving commercial demand along the Hwy 20 corridor. Nearby Owls Head is emerging as a major mixed-use employment and commercial hub, positioned at the crossroads of Hwy 331 and Hwy 20 and supported by new retail and industrial development activity. Further amplifying long-term absorption, Carr Farms represents one of the most significant planned projects in Walton County, with projections of up to 21,000 new homes and roughly 10 million square feet of commercial space at full build-out. Together, these developments form the backbone of Freeport's rapid transformation and create sustained demand for lodging, retail, services, and commercial uses surrounding 150 Marquis Way.

150 Marquis Way, Freeport

$2,150,000

1004054 MLS

150 Marquis Way presents a rare 4.05-acre development opportunity in the heart of Freeport's explosive growth corridor. The property includes more than $475,000 in prepaid water capacity fees that transfer with the sale, offering immediate utility savings and development readiness. A current Development Order for a hotel provides flexibility for hospitality or mixed-use concepts. The site enjoys dual access from Marquis Way/311 and Highway 20 (Blue Ridge Parkway), with the Marquis connector extending west via bridge to Highway 83A South, ensuring strong regional connectivity. This parcel sits amid major new development activity including Hammock Bay, a 3,000-acre master-planned community with thousands of existing homes and continuous residential expansion, anchors the population growth driving commercial demand along the Hwy 20 corridor. Nearby Owls Head is emerging as a major mixed-use employment and commercial hub, positioned at the crossroads of Hwy 331 and Hwy 20 and supported by new retail and industrial development activity. Further amplifying long-term absorption, Carr Farms represents one of the most significant planned projects in Walton County, with projections of up to 21,000 new homes and roughly 10 million square feet of commercial space at full build-out. Together, these developments form the backbone of Freeport's rapid transformation and create sustained demand for lodging, retail, services, and commercial uses surrounding 150 Marquis Way.

150 Marquis Way, Freeport

$2,000,000

1001906 MLS

Positioned just east of the highly sought-after Hammock Bay community in Freeport, Florida, this 32-acre tract offers a prime opportunity for multifamily residential development or long-term investment. With proximity to top-rated schools, emerging commercial centers, and scenic coastal amenities, the property benefits from strong growth trends in Walton County. Its location near one of the region's most successful master-planned communities makes it an ideal site for future residential expansion, estate homes, or a strategically phased development project. The Phillips Portfolio represents a once-in-a-generation opportunity to invest in one of America's most dynamic growth markets. The Portfolio has been strategically assembled to include an inventory of 43 high-value assets.

941 Florida 20, Freeport

$3,250,000

4 Beds ⋅ 5 Baths ⋅ 999550 MLS

Beautiful new modern farmhouse on 40 acres, scheduled for completion Q1 2027, with adjacent orchard views and room to create the lifestyle you've been looking for. You still have time to personalize select finishes, including roof color, exterior paint and window grid colors, cabinet color, appliances, fixtures, flooring, and tile. This thoughtfully designed 4 bedroom home will feature a spacious game room, screened porch, and 2 car garage, along with driveway parking for 4 additional vehicles. Set on a picturesque 40-acre parcel, the property offers space for gardening, horses, livestock, and outdoor living. The setting combines privacy, open land and trees, sweeping sunset views. Rare opportunity to own a new Modern Farmhouse on a large parcel close to the New Town Center and restaurants

40 Acres Waverly Orchard Cir, Freeport

$3,600,000

999438 MLS

±3.6 Acres | Hard Corner at Business 331 & US Hwy 331 Prime commercial opportunity with excellent visibility and access at a signalized hard corner. Ideal for bank, QSR, coffee, and other retail or service users. High-exposure location in a growing corridor with strong development potential. Owner will consider subdivision. Gas/convenience store users are not being considered for this parcel at this time.

Tbd Us Hwy, Freeport

$30,000,000

999435 MLS

OWNER IS WILLING TO SUBDIVIDE! Up to +/-210 acres of residential land available within a mixed-use development in the growing Owls Head area of Freeport. Residential potential includes single-family and high-density opportunities. The site can be subdivided to accommodate a wide range of uses and user sizes. Pricing and lot sizes will vary based on subdivision and intended use.

Tbd Us Hwy, Freeport

$29,700,000

994779 MLS

Rare Opportunity! Bayfront Acreage Tract with Almost 2000 Feet on Choctawhatchee Bay! Located in Central Walton County and directly on the Gateway to South Walton Beaches. Hard Corner with approx. 150' on Hwy 331 along with a signalized intersection on US Highway 331 & Jolly Bay Road. Across the Highway from Grady Brown County Bayfront Park and Boat Launch. Jolly Bay Road is paved County road and has City water & sewer available. Numerous opportunities for development of Recreational & Community services. Cultural Arts, Marine Activities and Combined Use of Residential and Commercial possibilities. Property has two tracts and is being sold together as one tract. One of the last remaining large waterfront Parcels & none this close to the Highway & Bridge!!

90 Acres Highway 331 S & Jolly Bay Road, Freeport

$12,500,000

799555 MLS

OPPORTUNITY RETURNS! NO FAULT OF SELLER OR LAND! PRIME LOCATION! 92 ACRES for COMMERCIAL, MIXED USE, LT INDUSTRIAL DEVELOPMENT! In Freeport City Limits & directly across Hwy 20 is Hammock Bay entrance. Freeport needs new Comm Dev with the area growing by leaps & bounds. New Apts being built across Hwy 20. Ideal site for Retail, Medical Center, Townhomes, Office/Warehouse, Hotel, Grocery & more. 14 Acres on Hwy 20 has approx.1320 ft & all utilities available - cleared & ready. The north 78 Acres is wooded & has approx. 1500 ft frontage on Ben King Rd. Easy Commute on Hwy 20 to Eglin AFB, Mid-Bay Bridge to Destin & east to Hwy 331 for north/south travel to the Interstate or the Beach! NW Florida International Airport approx. 30 min to the east via Hwy 20 & 79. See the Vision Here & Now!

92 Acres W State Hwy, Freeport

$3,600,000

989303 MLS

Development Opportunity! 16+/- Acres in Prime Location for future growth! Over 1485' of paved road frontage w/City Water & Sewer available. Old Jolly Bay Rd runs parallel to Hwy 331 South. Traffic signal at LaGrange Rd/Ramsey Rd & Hwy 331, New 300+ Apartments and New Resort RV Park planned at LaGrange Rd & 331. Old Jolly Bay Rd gives access to Co. Hwy 3280 to the South (Black Creek Rd) & north to the intersection at Publix & Businesses at Marquis Way. This tract has County Zoning Estate Residential. Ideal spot for Residential, Retail/Professional space, Flex/WH/Storage, etc. Adjoining Tract of 7.19 Acres is For Sale totaling 23.19 Ac w/1973' of frontage! Great location South of Hwy 20-close to town & Hwy98! New Developments in progress with more planned for Freeport! Opportunity is here!

16 Acres Old Jolly Bay Rd, Freeport

$8,900,000

904078 MLS

Price Improvement! Bring Offers! Welcome to Brannon Acres! Located in Freeport, the fastest growing City in the State of Florida! This 17.93 Acre parcel comes complete with an APPROVED, MIXED USE PLANNED UNIT DEVELOPMENT ORDER! This property is pristine and adjoins Hammock Bay. Parcel is approved for 26,442 sq. ft commercial; including a Convenience Store/Gas Station, Drive-Thru restaurant, office buildings and a gated 80 unit apartment complex. This Development has the ONLY approved gas station between Freeport and Niceville, FL. and sits just outside of the largest subdivision in Freeport! Check-out the attached development plans and call for info today! Don't miss out!

95 Brannon Dr, Freeport

$5,995,000

961654 MLS

This premier development opportunity spans approximately 23.22 acres across three parcels in a private and beautiful area of Freeport! Boasting 950 linear feet of waterfront on Alaqua Bayou, this estate offers potential for a private waterfront compound or neighborhood development, complete with a private dock, boat lift, fire pit, and gated entry! With a 3,240 square foot metal building and workshop already in place, equipped with power, water, septic, and bathroom facilities, the groundwork for development is ready to go. Large canopy trees provide natural beauty and privacy, while perimeter fencing enhances security. Access to the property is conveniently located off County Highway 83A and Dexton King Road. Utilities, including city water, power, cable, and sewer, are... available along County Highway 83A. This opportunity also has an FAA approved helicopter land pad on the property that is also approved by Eglin AFB as it lies under their restricted airspace. Additionally, the southernmost parcel features an existing residential structure, and there's significant potential for future single-family home development with a Conceptual Master Plan in place (subject to permits and changes). A private helipad has been approved by the State (pending final activation), adds a luxurious touch to this property. This prime location offers an incredible chance to create a one-of-a-kind residential development or private estate, the choice is yours. A Conceptual Master Plan is in the photos and is shown only to represent design intent. Layout, density and lot sizes are subject to change to reflect local and state regulations and approvals. Call today for more information or your private viewing.

147 Dexton King Rd, Freeport

$4,000,000

989106 MLS

Introducing an exceptional opportunity to own a prime piece of real estate in the rapidly growing city of Freeport, Florida. This expansive 11.44-acre property, consisting of two combined parcels, is ideally situated along US Highway 331 and is zoned R-3 for multi-family use. The property comes with a Development Order (D.O.) approved for 128 apartment units, along with building plans and surveys offering a rare, shovel-ready opportunity ideal for developers and investors alike. The location provides excellent visibility and accessibility along the bustling US Hwy 331 corridor, surrounded by a mix of residential and commercial growth. Just minutes from downtown Freeport, local schools, shopping, and essential services, the property is also within easy reach of the beautiful Beaches of South Walton, Interstate 10, and Highway 98. This is a prime development opportunity in one of Walton County's fastest-growing markets, where the demand for quality multi-family housing continues to rise. Inquire today to learn more. Buyer to verify all information deemed important.

14874 Us-331 Bus, Freeport

$3,500,000

961624 MLS

7.91 Acres Zoned R-3 High Density Residential in the city of Freeport with 560 feet or frontage on Hwy 331 Business. Residential Density is 14 units per acre with Planned Developments allowing Residential - Mobile Home - Commercial - Mixed Use with variances possible for Medical Use.

14703 Us-331 Bus, Freeport

$3,200,000

979313 MLS

This offering consists of a 2.2-acre parcel with 650 feet of highway frontage on 331S just before entering the 331 Bridge. This area is commonly known as the 'Gateway to South Walton'. The daily FDOT traffic count is 34,000 vehicles. Key infrastructure features include a deceleration lane, signalized intersection, and three paved access points, creating ingress and egress. The property is entirely 'high & dry' and sits adjacent to Grady Brown Park, a public recreational area offering direct access to Choctawhatchee Bay with swimming, fishing, and boat launch facilities. A view of the Bay is possible from the property. Terrific location for retail, restaurant, motel, convenience store, or similar business where high traffic visibility is important. Survey, Traffic Impact Analysis avail.

Tbd S 331st Hwy, Freeport

$4,250,000

949859 MLS

14.4 acres located just North Of the Clyde Wells Bridge for easy access to South Walton and the Beach. Front portion of property has a land use of Commercial with the remaining as Rural Residential per Walton County Land Use amp. According to the NWFWMD Flood map, 68% of the property is zone X. Property borders Mallet Bayou which feeds into Choctawhatchee bay plus has a small pond with dam. There is approximately 300 Ft on US Hwy 331 plus approximately 550 ft on Laird Dr. Davis Rd as referenced on several maps and legal is the private drive into the property and is owned by the Seller. Property is untouched with beautiful Oak Trees representing ''Old Florida''. So many possibilities. Property is located within the County.

19494 Us Highway 331, Freeport

$2,995,000

923215 MLS

INDUSTRIAL ZONING! Prime acreage along the newly expanded Highway 331, less than a 1/2 mile North of the new bridge crossing the Choctawhatchee Bay in South Walton County of the emerging market of Freeport, Florida! At an expanse of over 3-acres, and approximate 310' of Highway frontage, this parcel will cater to a host of highest and best uses and effective site-planning scenarios. Buyer must verify future land use/zoning via Walton County Planning & Zoning. Please inquire for further details.

20502 Us-331, Freeport

$4,250,000

949762 MLS

14.4 acres located just North of the Clyde Wells Bridge for easy access to South Walton and the Beach.. Front portion of property has a land use of Commercial with the remaining as Rural Residential per the Walton County Land Use Map. According to the NWFWMD Flood Map 68% of the property is zone X. Property borders Mallet Bayou which feeds into Choctawhatchee Bay plus has a small pond with dam. There is approximately 300 ft on US Hwy 331 plus approximately 550 ft on Laird Dr. Davis Rd as referenced on several maps and legal is the private drive into the property and is a part of the legal description. Property is untouched with beautiful Oak Trees representing ''OLD FLORIDA''. So many possibilities. Property is located in the County.

19494 Us Highway 331, Freeport

$3,500,000

961627 MLS

7.91 Acres Zoned R-3 High Density Residential in the city of Freeport with 560 feet or frontage on Hwy 331 Business. Residential Density is 14 units per acre with Planned Developments allowing Residential - Mobile Home - Commercial - Mixed Use with variances possible for Medical Use.

14703 331 Business, Freeport

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