18500 Us Highway 331, Freeport, FL 32439
New Listing
$5,995,000
Property Type:
Commercial Land
Lot Size (sq. ft.):
260,924
Status:
Active
Current Price:
$5,995,000
List Date:
9/04/2026
Last Modified:
9/04/2026
Listing Details MLS# 795036
Location, Tax & Legal
- Street #
- 18500
- Street Name
- Us Highway 331
- State
- FL
- Zip Code
- 32439
- County
- Walton
- Area
- 12 – Walton County
- Subdivision
- Mallet Bayou
- Parcel ID
- 27-1S-19-23000-042-0020
- Legal Description
- PRCL 5B PRCL OF LAND DESC AS COM AT IN OF S LINE OF SEC27 W/ WEST R/W LINE OF HWY 331, N01DEG05'52
- Sub Area
- 1213 – Walton – Other
- Community/Resort
- None
- Waterfront
- Yes
- Directions
- At the corner of US 331 South and Sweetwater Lane, one-half mile north of the 311 Bridge and one-half mile south of the new Walmart development. Navigable water borders the property to the south with Gulf access making a perfect backdrop for hospitality or boat-up restaurant uses.
- HOA Fee
- No
Contract Info
- List Price/Acre
- 1000834.72
- Sub-Type
- Vacant Land
- List Type
- Exclusive Right of Sale
- Named Exception
- No
General Property Info
- Acreage
- 5.99
- Lot Size (SqFt)
- 260924
- Frontage Feet
- 785
- Is Subject Leased
- No
Remarks & Misc
- Remarks
- Positioned at the southwest corner of U.S. Highway 331 South and Sweetwater Lane, this 5.99± acre waterfront development site offers a rare combination of highway exposure, corner visibility and navigable water frontage. The property is located approximately one-half mile north of the U.S. 331 Bridge and just one-half mile south of the new Walmart development, placing it directly along the primary corridor connecting rapidly growing Freeport with South Walton. As development pressures and land values continue to push north from the high-cost South Walton corridor, this location offers an opportunity to capture the accessibility, customer base and growth associated with South Walton at a potentially more attractive development basis. The assemblage features approximately 785 feet of frontage on U.S. 331 and 420 feet along Mallet Bayou, which borders the property to the south and provides navigable access through Choctawhatchee Bay to the Gulf of America. The waterfront creates an exceptional setting for hospitality, dining or boat-accessible restaurant uses, while the extensive highway frontage supports multiple retail, medical, financial and service-oriented development pads. Despite its waterfront setting, the vast majority of the property appears high and dry and is shown within Flood Zone X, allowing developers to capitalize on water views without sacrificing substantial usable upland area.
Other Structures
- Boat House
- Yes
More Information
Lot Features
- Site – Shopping Center
- Yes
- Site – Strip Mall
- Yes
- Site Plan
- Yes
- Survey Available
- Yes
- Waterfront
- Yes
- Within 1/2 Mile to Water
- Yes
- Wooded
- Yes
Waterfront Feature
- Shore – Natural
- Yes
Lot/Parcel Access
- U.S. Highway
- Yes
Present Zoning
- General Commercial
- Yes
Utilities
- None
- Yes
Waterview
- Canal
- Yes
Sale Type
- As Is
- Yes
Waterfront Type
- Canal w/ Gulf Access
- Yes
TransportationAccess
- 4 – Lane
- Yes
- Divided Highway
- Yes
- Paved
- Yes
- State Road
- Yes
Property Features
TransportationAccess:
4 – Lane; Divided Highway; Paved; State Road
Lot Features:
Site – Shopping Center; Site – Strip Mall; Site Plan; Survey Available; Waterfront; Within 1/2 Mile to Water; Wooded
Other Structures:
Boat House
Sale Type:
As Is
Utilities:
None
Waterfront Type:
Canal w/ Gulf Access
Waterfront Feature:
Shore – Natural
Present Zoning:
General Commercial
Waterview:
Canal
Listing Office:
Clubbs Real Estate Group LLC
Last Updated: September – 04 – 2026
Information deemed reliable but not guaranteed.