**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.
For sale
$1,180,000
19228 Us Highway 331 S, Freeport, FL 32439
3beds
2,207sqft
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
- 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#: 1012476
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
| Date | Event | Price |
|---|---|---|
| 9/22/2026 | Listed for sale | $1,180,000-1.6%$535/sqft |
Source: | ||
| 7/19/2026 | Listing removed | $1,199,000$543/sqft |
Source: | ||
| 3/3/2025 | Listed for sale | $1,199,000-0.1%$543/sqft |
Source: | ||
| 5/7/2024 | Listed for sale | $1,200,000$544/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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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Neighborhood: 32439
Nearby schools
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.




