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7 Acres Old Jolly Bay Road, Freeport, FL 32439

Walton County

Key Facts

7.19Lot (acres)

Description

Development Opportunity! 7.19 Acres of level, wooded Land just off Hwy 331 South with a traffic signal at LaGrange Rd/Ramsey Rd & Hwy 331 South & 300+ New Apartments. New Resort RV Park planned at intersection. Old Jolly Bay Rd connects to Co. Hwy 3280 to the South (Black Creek Rd) & north to the intersection at The Shoppes of Freeport/Publix at Marquis Way. This tract has two zonings in Walton County - Commercial & Estate Residential. Over 480' of paved road frontage w/City Water & Sewer available. Ideal for Flex-Warehouse space, retail/professional space, storage, etc. Adjoining Tract of 16 Acres is For Sale totaling 23 Acres for development. Great location for easy proximity to town & South of Hwy 20! New Developments in progress with more planned for Freeport! Opportunity is here!!

Property Information

Property Type

Commercial Sale

Lot Size

7.19 acres

Lot Dimensions

Irregular

Zoning

GComm & Est Res

Days on Market

210

MLS® Listing#

989299

Property Features

Financial Details

Parcel Number

27-1S-19-23000-027-0024

Directions

Highway 331 South in Freeport. If driving from Hwy 20, go south on Hwy 331 and at the 2nd redlight, Ramsey (Branch) Road, make a left. Follow to stop sign and make a right. Property will be on the right, past the metal storage/retail shops buildings. There are two tracts available - the 7 acre tract and the adjoining 16 acre tract, total of 23 acres. Can be sold separately or together.

Affordability Calculator

$323,550

Estimated monthly payment

$8,610/mo

Principal $1,294,200 · Est. interest $1,805,524 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Freeport, FL

$450,000
Median Listing Price
72
Median Days on Market
2,107
Median Sq Ft
$205
Median Price / Sq Ft
415
Active Listings
  • This home’s price is 260% above the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Freeport, FL.

Location

Map showing the location of 7 Acres Old Jolly Bay Road, Freeport, FL 32439

Points of Interest in Freeport, FL

Showing the Freeport area map.

Nearby Schools

  • Naval School Explosive Ordnance Disposal

    School · 5.7 mi away

  • The Tree House Episcopal Montessori School

    Elementary · 7.7 mi away

  • Bluewater Elementary School

    Elementary · 8.2 mi away

  • Emerald Coast Middle School

    School · 8.4 mi away

  • Van R Butler Elementary School

    Elementary · 8.4 mi away

  • Gateway Academy

    School · 8.4 mi away

  • Freeport Middle School

    Secondary · 8.9 mi away

  • Freeport Elementary School

    Elementary · 9.1 mi away

  • South Walton High School

    Secondary · 9.3 mi away

  • Ashnick Academy

    School · 10.1 mi away

  • Destin Middle School

    Secondary · 10.3 mi away

  • St. Paul Lutheran Church and School of Niceville

    School · 10.6 mi away

  • Freeport High School

    Secondary · 10.7 mi away

  • James E. Plew Elementary School

    Elementary · 11.0 mi away

  • Niceville High School

    Secondary · 11.2 mi away

  • Rocky Bayou Christian School

    Secondary · 11.2 mi away

  • Niceville Head Start

    School · 11.3 mi away

  • Destin High School

    Secondary · 11.5 mi away

  • Collegiate High School at Northwest Florida State College

    Secondary School · 11.9 mi away

  • C. W. Ruckel Middle School

    Secondary · 11.9 mi away

Commute Calculator

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Nearby Homes

Similar Homes Nearby

Similar Home Values

Comparable nearby listings and their asking prices.

AddressPriceBedsBathsSq Ft
33 Caymus Cove, Freeport, FL$1,134,799443,265
TBD S Us Highway 331, Freeport, FL$1,150,000
112 E CAPTAIN FRITZ WAY, Freeport, FL$1,175,000443,363
150 W Perseverance Point, Freeport, FL$1,189,000432,975
19228 US-331, Freeport, FL$1,199,000322,207
57 Revana Way, Freeport, FL$1,199,900443,265

Moving Cost Estimate

EXIT Agents in Freeport

Listing Courtesy: Palmetto Properties & Realty LLC - 8508354153

IDX property data is provided exclusively for consumers’ personal, non-commercial use, and IDX data may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS. IDX data provided by the Emerald Coast Association of Realtors.

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by EmeraldCoast. MLS® Listing#989299. © 2026EXIT Realty®. All rights reserved.