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This premier development opportunity spans approximately 23.22 acres across three parcels in a private and beautiful area of Freeport! Boasting 950 linear feet of waterfront on Alaqua Bayou, this estate offers potential for a private waterfront compound or neighborhood development, complete with a private dock, boat lift, fire pit, and gated entry! With a 3,240 square foot metal building and workshop already in place, equipped with power, water, septic, and bathroom facilities, the groundwork for development is ready to go. Large canopy trees provide natural beauty and privacy, while perimeter fencing enhances security. Access to the property is conveniently located off County Highway 83A and Dexton King Road. Utilities, including city water, power, cable, and sewer, are... available along County Highway 83A. This opportunity also has an FAA approved helicopter land pad on the property that is also approved by Eglin AFB as it lies under their restricted airspace. Additionally, the southernmost parcel features an existing residential structure, and there's significant potential for future single-family home development with a Conceptual Master Plan in place (subject to permits and changes). A private helipad has been approved by the State (pending final activation), adds a luxurious touch to this property. This prime location offers an incredible chance to create a one-of-a-kind residential development or private estate, the choice is yours. A Conceptual Master Plan is in the photos and is shown only to represent design intent. Layout, density and lot sizes are subject to change to reflect local and state regulations and approvals. Call today for more information or your private viewing.
Data source: Emerald Coast Association of REALTORS®
Team Turner (Counts Real Estate Group) can set up a private showing or send you full details.
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$4,900,000
TBD Hwy 20, Freeport, FL 32439
No photo
$5,500,000
5 bd · 5 ba · 4,337 sf
104 George Ellis Point, Freeport, FL 32439
No photo
$4,250,000
19494 Us Highway 331, Freeport, FL 32439
No photo
$4,000,000
14874 US-331 BUS, Freeport, FL 32439
No photo
$3,600,000
TBD US HWY 331, Freeport, FL 32439
Counts Real Estate Group
Courtesy of Scenic Sotheby's International Realty · Caleb Midgett · 850-837-3935
Emerald Coast Association of REALTORS®, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Counts Real Estate Group may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.
Listing data provided by: Central Panhandle Association of Realtors (CPAR). Information deemed reliable but not guaranteed. The information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2026 Central Panhandle Association of REALTORS®
Listing data last updated 2026-08-23 18:31:17.