941 W Florida 20 Highway, Freeport, FL 32439

$2,000,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 1,393,920 Status: Active
Current Price: $2,000,000 List Date: 1/15/2026 Last Modified: 1/15/2026

Overview

Description

Positioned just east of the highly sought-after Hammock Bay community in Freeport, Florida, this 32-acre tract offers a prime opportunity for multifamily residential development or long-term investment. With proximity to top-rated schools, emerging commercial centers, and scenic coastal amenities, the property benefits from strong growth trends in Walton County. Its location near one of the region's most successful master-planned communities makes it an ideal site for future residential expansion, estate homes, or a strategically phased development project. The Phillips Portfolio represents a once-in-a-generation opportunity to invest in one of America's most dynamic growth markets. The Portfolio has been strategically assembled to include an inventory of 43 high-value assets. These assets span across Northwest Florida and include residential, commercial, and industrial assets. Structured with current income-producing, in-process development parcels and greenfield land opportuniti

Listing Details MLS# 783720

Contract Info

Sub-Type
Land

Location

Area
12 – Walton County
Street #
941
Street Direction
W
Street Name
Florida 20
Street Suffix
Highway
State
FL
Zip Code
32439
County
Walton
Sub Area
1210 – Walton – Freeport
Subdivision
[No Recorded Subdiv]
Community/Resort
None
Waterfront
No
Parcel ID
09-1S-19-23000-009-0000
Directions
Traveling on US Highway 331, turn West on Highway 20. The Subject Property is 2 miles down Highway 20 on the South side of the road.
Legal Description
Walton Co Parcel IDs: 09-1S-19-23000-009-0000, 09-1S-19-23000-009-0070, 09-1S-19-23000-009-0080, 16-1S-19-23000-008-0050, 16-1S-19-23000-008-0051

General Property Info

List Class
Lots/Land
Construction Status
To Be Built
Acreage
32
SqFt Tot Bldg
0

Listing Info, Tax and Legal

HOA Fee
No

Remarks & Misc

Remarks
Positioned just east of the highly sought-after Hammock Bay community in Freeport, Florida, this 32-acre tract offers a prime opportunity for multifamily residential development or long-term investment. With proximity to top-rated schools, emerging commercial centers, and scenic coastal amenities, the property benefits from strong growth trends in Walton County. Its location near one of the region's most successful master-planned communities makes it an ideal site for future residential expansion, estate homes, or a strategically phased development project. The Phillips Portfolio represents a once-in-a-generation opportunity to invest in one of America's most dynamic growth markets. The Portfolio has been strategically assembled to include an inventory of 43 high-value assets. These assets span across Northwest Florida and include residential, commercial, and industrial assets. Structured with current income-producing, in-process development parcels and greenfield land opportunities. The Phillips Portfolio offers above-market return opportunities across the immediate, medium, and long-term investment horizons. Inquire with Listing Agents for full portfolio information.

More Information

Floors in Unit/Home

One
Yes
Listing Office: NAI TALCOR
Last Updated: January – 15 – 2026
Information deemed reliable but not guaranteed.