7348 State Highway 20 W, Freeport, FL 32439
What's special
Some properties are built. Others are discovered. Hidden beneath the sweeping canopy of century-old live oaks where sunlight filters through draping branches and water views peek through the trees, this extraordinary 1.34-acre waterfront estate offers an experience that feels increasingly impossible to find along the Emerald Coast. Spanning nearly 6,000 square feet across three levels, this impressive brick residence combines scale, flexibility, and waterfront living in a way few properties can. Offering five bedrooms, four-and-a-half bathrooms, elevator access to all levels, hardwood flooring throughout, and private en-suites for every bedroom, this home was designed for buyers who need more than space--they need options. The thoughtful floor plan creates exceptional opportunities for multi-generational living, large households, guest accommodations, or those seeking a property capable of adapting alongside changing needs. Whether housing multiple generations under one roof or creating separate spaces for long-term guests, the layout provides both connection and privacy. At the center of the home, the gourmet kitchen opens into expansive gathering spaces designed for entertaining on every scale. Multiple screened porches create natural extensions of the living spaces, offering peaceful mornings beneath the oaks, sunset dinners overlooking the water, and spaces large enough to host celebrations, holidays, and unforgettable gatherings. The second level creates one of the home's most remarkable living spaces with walls of windows stretching across the home, flooding interiors with natural light while showcasing stunning basin bayou views that shift beautifully throughout the day. Storage, recreation, and flexibility were clearly part of the vision behind this property. The third floor is finished and a blank canvas that could be used for 2000 sqft of storage or creative options that fit your vision. Two oversized drive-through bay garages create extraordinary opportunities for RV storage, boats, workshops, recreational vehicles, watercraft, or collections that require more than traditional garage space can offer. Outside, the possibilities expand even further. Launch a kayak or paddleboard directly from your property and explore the waterways leading toward the bay. Spend the day fishing in the lake or head toward the bay by way of the low bridge near the locals' favorite, Nick's Seafood Restaurant. Bring the boat, the RV, the jet skis, and all the water toys because this property offers one luxury that has become increasingly rare--freedom. No HOA. No restrictive covenants. Located along Highway 20 with convenient access to Destin, marinas, dining, shopping, and the white sand beaches of the Emerald Coast, this property offers the rare combination of waterfront privacy while remaining connected to everything that makes coastal living desirable. Luxury homes exist, Waterfront homes exist, Large homes exist. However, properties that combine all three with acreage, unrestricted use, multi-generational functionality, income potential, and a setting this remarkable are extraordinarily uncommon. There is simply not another property like this. Waterfront living without compromise. Unlimited potential with room to create whatever comes next. Call for your private tour today.
- 114 days |
- 499 |
- 41 |
Travel times
Family Room
Kitchen
Dining Room
Zillow last checked:
Listing updated:
Beverly J Buck 850-333-0413,
Coldwell Banker Realty,
Michelle E Thierwechter 864-256-6341,
Coldwell Banker Realty
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Primary bedroom
- Description: Measurements are approximate
- Level: Second
- Area: 336 Square Feet
- Dimensions: 24 x 14
Bedroom
- Description: Measurements are approximate
- Level: First
- Area: 216 Square Feet
- Dimensions: 18 x 12
Bedroom
- Description: Measurements are approximate
- Level: First
- Area: 216 Square Feet
- Dimensions: 18 x 12
Dining room
- Description: Measurements are approximate
- Level: Second
- Area: 288 Square Feet
- Dimensions: 24 x 12
Family room
- Description: Measurements are approximate
- Level: Second
- Area: 336 Square Feet
- Dimensions: 24 x 14
Kitchen
- Description: Measurements are approximate
- Level: Second
- Area: 288 Square Feet
- Dimensions: 24 x 12
Recreation room
- Description: Measurements are approximate
- Level: Third
- Area: 2072 Square Feet
- Dimensions: 28 x 74
Heating
- Central, Natural Gas
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Dryer, Range Hood, Refrigerator, Washer, Electric Water Heater
- Laundry: Washer/Dryer Hookup
Features
- Bookcases, Lock Out, Pantry, Shelving, Split Bedroom, Natural Woodwork, Elevator
- Flooring: Hardwood, Tile
- Windows: Window Treatments
- Has fireplace: Yes
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 5,918
- Total interior livable area: 5,918 sqft
Video & virtual tour
Property
Parking
- Total spaces: 14
- Parking features: Garage Door Opener, Boat, Guest, Oversized, RV Access/Parking, Garage, See Remarks
- Attached garage spaces: 4
Features
- Stories: 3
- Patio & porch: Covered, Enclosed, Screened
- Exterior features: Dock, Lawn Pump, Rain Gutters
- Has view: Yes
- View description: Bay, Bayou
- Has water view: Yes
- Water view: Bay,Bayou
- Waterfront features: Bayou
Lot
- Size: 1.34 Acres
- Dimensions: 404 x 150 x 384 x 97
- Features: Cleared, Flood Insurance Req, Interior Lot, Level, Survey Available, Wooded
Details
- Parcel number: 211S20320000200010
- Zoning description: County, Resid Single Family, Unrestricted
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Pueblo
- Property subtype: Single Family Residence
Materials
- Brick, Trim Vinyl
- Foundation: Pillar/Post/Pier, Slab
- Roof: Metal
Condition
- Construction Complete
- New construction: No
- Year built: 2007
Utilities & green energy
- Sewer: Septic Tank
Community & HOA
Community
- Features: Dock, Fishing, Waterfront, Short Term Rental - Allowed
- Security: Smoke Detector(s)
- Subdivision: N/A
Location
- Region: Freeport
Financial & listing details
- Price per square foot: $253/sqft
- Tax assessed value: $1,116,114
- Annual tax amount: $9,274
- Date on market: 6/2/2026
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/12/2026 | Price change | $1,495,000-14.6%$253/sqft |
Source: | ||
| 7/6/2026 | Price change | $1,750,000-20.5%$296/sqft |
Source: | ||
| 6/26/2026 | Price change | $2,200,000-12%$372/sqft |
Source: | ||
| 6/2/2026 | Listed for sale | $2,500,000+525%$422/sqft |
Source: | ||
| 11/15/2005 | Sold | $400,000$68/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,274 -1.1% | $1,116,114 +0.2% |
| 2024 | $9,374 +4.3% | $1,113,593 +9.5% |
| 2023 | $8,992 +0.9% | $1,017,228 +10% |
| 2022 | $8,912 +15.5% | $924,753 +10% |
| 2021 | $7,719 +8.2% | $840,685 +10% |
| 2020 | $7,132 +3.1% | $764,259 +2.6% |
| 2019 | $6,916 | $745,038 +3.3% |
| 2018 | $6,916 +8.2% | $721,118 +2.1% |
| 2017 | $6,391 +1.8% | $706,286 +2.1% |
| 2016 | $6,280 +1.1% | $691,759 +0.7% |
| 2015 | $6,209 -1% | $686,950 -0.8% |
| 2014 | $6,268 | $692,750 |
| 2013 | -- | $692,750 +0% |
| 2012 | -- | $692,700 -12.9% |
| 2011 | -- | $795,675 -2.6% |
| 2010 | -- | $816,898 -3.7% |
| 2009 | -- | $848,216 -2.7% |
| 2008 | -- | $872,088 +427% |
| 2007 | -- | $165,478 |
Find assessor info on the county website
Monthly payment
Estimated market value
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Estimated sales range
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Climate risks
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