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.
Lot/land
$4,900,000
Highway 20 Rd, Freeport, FL 32439
--beds
--baths
222Acres
Unimproved Land
Built in ----
222 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Substantial acreage
- 1 day |
- 37 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Amin Delawalla 850-225-9899,
Christies International Real Estate Emerald Coast
Source: CPAR,MLS#: 791316
Originating MLS: Central Panhandle Association of REALTORS
Facts & features
Property
Lot
- Size: 222 Acres
- Features: Paved
Details
- Parcel number: 231S18140000010010
- Zoning description: Other - See Remarks, Resid Single Family
Utilities & green energy
- Sewer: Septic Needed
Community & HOA
Community
- Subdivision: Other
HOA
- Has HOA: No
Location
- Region: Freeport
Financial & listing details
- Date on market: 6/14/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/14/2026 | Listed for sale | $4,900,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 32439
Nearby schools
GreatSchools rating
- 6/10Freeport Elementary SchoolGrades: K-4Distance: 8.4 mi
- 7/10Freeport Middle SchoolGrades: 5-8Distance: 8.4 mi
- 8/10Freeport Senior High SchoolGrades: 9-12Distance: 7.8 mi
Schools provided by the listing agent
- Elementary: Freeport
- Middle: Freeport
- High: Freeport
Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Florida
- Walton County
- Ponce de Leon
- 32439
- Highway 20 Rd






