Hwy 331S - Fantastic opportunity for this corner 1.47 acre site just 1/4 mile south of the incoming Walmart in Freeport, FL. Located inside the city limits with appx 171 front feet on Hwy 331 and frontage on Jones Dr also. Zoned Rural Village with C-1 and C-2 zoning surrounding the property, so rezoning would be a distinct possibility (buyer to do all due diligence). Property has 2 dwellings - one brick home, one manufactured home plus a nice 30x40 utility building with rollup door. MLS documents section details zoning, possible future zoning and other useful data. Freeport is booming, with TDOT traffic count of just over 23,800 per day. Join the others who see that it is no longer merely holds potential for growth - it's a current reality.
Sold for $700,000
$700,000
40 Jones Dr, Freeport, FL 32439
--beds
0baths
1.47Acres
Unimproved Land
Built in ----
1.47 Acres Lot
$621,800 Zestimate®
$--/sqft
$2,048 Estimated rent
Home value
$621,800
$553,000 - $678,000
$2,048/mo
Zestimate® history
Owner options
List your home for rent
$2,048/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,048/mo
Rent Zestimate®
Refinance and save
$4,258/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$4,258/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Frontage on jones dr
Zillow last checked:
Listing updated:
Listed by:
Kim E Wennerberg 850-635-1801,
Kim & Company
Bought with:
Jan N Hooks, 679574
Jan Hooks Real Estate Group Inc
Source: ECAOR,MLS#: 998290
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Lot
- Size: 1.47 Acres
- Dimensions: 212 x 202 x 16 x 161 x 156 x 319
- Features: Level, Within 1/2 Mile to Water
Details
- Parcel number: 221S19230300000240
- Zoning description: City
Utilities & green energy
- Water: Public
Community & neighborhood
Location
- Region: Freeport
- Subdivision: METES & BOUNDS
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/15/2026 | Sold | $700,000-11.4% |
Source:  ECAOR #998290 Report a problem | ||
| 4/30/2026 | Pending sale | $790,000 |
Source: ECAOR #998290 Report a problem | ||
| 3/18/2026 | Listed for sale | $790,000 |
Source: ECAOR #998290 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,259 +1.2% | $135,515 +3.9% |
| 2024 | $1,244 +4.4% | $130,462 +3% |
| 2023 | $1,191 +0.5% | $126,662 +3% |
| 2022 | $1,186 +0.7% | $122,973 +3% |
| 2021 | $1,178 -0.4% | $119,391 +1.4% |
| 2020 | $1,183 +3.5% | $117,743 +2.3% |
| 2019 | $1,143 +26% | $115,096 +1.9% |
| 2018 | $907 | $112,950 -2.6% |
| 2017 | -- | $115,940 +2.1% |
| 2016 | -- | $113,555 +0.7% |
| 2015 | -- | $112,766 +0.8% |
| 2014 | -- | $111,871 +1.5% |
| 2013 | -- | $110,218 +1.7% |
| 2012 | -- | $108,376 +3% |
| 2011 | -- | $105,219 +4.3% |
| 2010 | -- | $100,882 +2.7% |
| 2009 | -- | $98,230 +1.5% |
| 2008 | -- | $96,770 +3% |
| 2007 | -- | $93,951 +60.4% |
| 2005 | -- | $58,573 +3% |
| 2004 | -- | $56,867 +1.9% |
| 2003 | -- | $55,807 +2.4% |
| 2002 | -- | $54,499 +1.6% |
| 2001 | -- | $53,641 |
Find assessor info on the county website
Neighborhood: 32439
Nearby schools
GreatSchools rating
- 6/10Freeport Elementary SchoolGrades: K-4Distance: 1.8 mi
- 7/10Freeport Middle SchoolGrades: 5-8Distance: 1.8 mi
- 8/10Freeport Senior High SchoolGrades: 9-12Distance: 5.9 mi
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.
- Florida
- Walton County
- Freeport
- 32439
- 40 Jones Dr
Nearby cities
Nearby zip codes
Other Freeport Topics
