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3 Beds
2 Baths
2,207 sqft

$1,180,000

19228 S US Highway 331, Freeport FL, 32439

Price per sqft$534.66
Built in1980
Property size2,207 sqft
Property typeResidential

Overview

Active

Listed Sep 22, 2026

Updated 2 weeks ago

**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.

$7,851/mo

Est. mortgage payment based on a $1,180,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1012476

Interior Features

Bedrooms
3
Bathrooms
2
Basement
No

Exterior Features

Lot Size
1.58 Acres

Other Property Details

Taxes
$2,243
Tax Frequency
Annually
MLS provider logo

Courtesy of Compass, 
Listing Contact: [email protected] 

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Data last updated 6:29 AM UTC, 9/23/2026

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