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For sale
  • $1,180,000

    19228 Us Highway 331 S, Freeport, FL 32439

    3beds
    2,207sqft
    : 
    $7,363/mo
    Get pre-qualified
    Single Family Residence
    Built in 1980
    1.58 Acres Lot
    $-- Zestimate®
    $535/sqft
    $-- HOA

    What's special

    Large flex spaceSpacious kitchenTile and laminate flooringUpdated bathroomsConvenient exterior loading accessCanal frontageThree full lots
    **INVESTORS & DEVELOPERS--OPPORTUNITY ON US HWY 331\!** Positioned along the rapidly growing US 331 corridor in Freeport, this property is located on a canal and offers over 400 feet of road frontage, excellent visibility, public water and sewer availability, and outstanding potential for commercial use\. Current **Rural Village zoning** allows for a variety of potential business uses, including professional and medical offices, restaurants, retail, lodging and more\. **General Commercial zoning may also be an option**, subject to applicable Walton County approvals\. The property consists of **three full lots** and includes an existing **2,207\-square\-foot, 3\-bedroom/2\-bath brick home**, providing an excellent opportunity for conversion to professional office space or another permitted use\. The interior features a spacious kitchen, large flex space, updated bathrooms, tile and laminate flooring, and a wood\-burning fireplace with convenient exterior loading access\. A **300\-foot well and septic system** are currently in place, while the availability of public water and sewer adds flexibility for future redevelopment\. With canal frontage, over 400 feet of road frontage along **US Hwy 331**, multiple lots, an existing structure and versatile zoning potential, this is a unique opportunity in one of Northwest Florida's rapidly growing areas\. Buyer to verify zoning, allowable uses, utilities and development potential with Walton County and applicable utility providers.
    23 days
    105
    7

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    S Kimberly Maxwell 850-259-1231,

    Compass

    Source: ECAOR,MLS#: 1012476MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Bedroom
      • Level: First
      • Area: 1 Square Feet
      • Dimensions: 1 x 1
      Bedroom
      • Level: First
      • Area: 1 Square Feet
      • Dimensions: 1 x 1
      Bonus room
      • Level: First
      • Area: 1 Square Feet
      • Dimensions: 1 x 1
      Kitchen
      • Level: First
      • Area: 1 Square Feet
      • Dimensions: 1 x 1
      Living room
      • Level: First
      • Area: 1 Square Feet
      • Dimensions: 1 x 1
      Appliances
      • Included: Cooktop, Dishwasher
      • Laundry: Washer/Dryer Hookup
      Features
      • Split Bedroom
      • Flooring: Tile
      • Has fireplace: Yes
      • Fireplace features: EPA Qualified Fireplace
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total structure area: 2,207
      • Total interior livable area: 2,207 sqft

      Property

      Parking
      • Total spaces: 6
      • Parking features: Converted Garage
      Features
      • Stories: 1
      • Patio & porch: Covered
      Lot
      • Size: 1.58 Acres
      • Features: Level, Survey Available
      Details
      • Additional structures: Greenhouse
      • Parcel number: 341S192307000B0140
      • Zoning description: Resid Single Family

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence
      Materials
      • Brick
      • Roof: Metal
      Condition
      • Construction Complete
      • New construction: No
      • Year built: 1980

      Utilities & green energy

      • Sewer: Septic Tank

      Community & HOA

      Community
      • Subdivision: LAIRDS
      Location
      • Region: Freeport

      Financial & listing details

      • Price per square foot: $535/sqft
      • Tax assessed value: $280,621
      • Annual tax amount: $2,243
      • Date on market: 9/22/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        9/22/2026Listed for sale$1,180,000-1.6%$535/sqft
        Source: ECAOR #1012476 Report a problem
        7/19/2026Listing removed$1,199,000$543/sqft
        Source: ECAOR #949219 Report a problem
        3/3/2025Listed for sale$1,199,000-0.1%$543/sqft
        Source: ECAOR #949219 Report a problem
        5/7/2024Listed for sale$1,200,000$544/sqft
        Source: ECAOR #949219 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,243 +13.5%$244,347 +10%
        2024$1,977 +4.8%$222,134 +10%
        2023$1,887 +2.7%$201,940 +10%
        2022$1,838 +13.8%$183,582 +10%
        2021$1,615 +14.5%$166,893 +10%
        2020$1,410 +152.1%$151,721 +167.7%
        2019$559 $56,684 +10%
        2018$559 +17.7%$51,531 -3.4%
        2017$475 -3.8%$53,340
        2016$494 -1%$53,340
        2015$499 -1.7%$53,340
        2014$508 $53,340 -29.3%
        2010-- $75,438 -52.3%
        2009-- $158,043 -39%
        2008-- $259,067 +3.9%
        2007-- $249,271 +74.1%
        2005-- $143,157 +30%
        2004-- $110,098 +5.5%
        2003-- $104,407 0%
        2002-- $104,409 +2.4%
        2001-- $101,973
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 32439

        Getting around

        8 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Freeport
        • Middle: Freeport
        • High: Freeport

        Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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