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150 Marquis Way presents a rare 4.05-acre development opportunity in the heart of Freeport's explosive growth corridor. The property includes more than $475,000 in prepaid water capacity fees that transfer with the sale, offering immediate utility savings and development readiness. A current Development Order for a hotel provides flexibility for hospitality or mixed-use concepts. The site enjoys dual access from Marquis Way/311 and Highway 20 (Blue Ridge Parkway), with the Marquis connector extending west via bridge to Highway 83A South, ensuring strong regional connectivity. This parcel sits amid major new development activity including Hammock Bay, a 3,000-acre master-planned community with thousands of existing homes and continuous residential expansion, anchors the population growth driving commercial demand along the Hwy 20 corridor. Nearby Owls Head is emerging as a major mixed-use employment and commercial hub, positioned at the crossroads of Hwy 331 and Hwy 20 and supported by new retail and industrial development activity. Further amplifying long-term absorption, Carr Farms represents one of the most significant planned projects in Walton County, with projections of up to 21,000 new homes and roughly 10 million square feet of commercial space at full build-out. Together, these developments form the backbone of Freeport's rapid transformation and create sustained demand for lodging, retail, services, and commercial uses surrounding 150 Marquis Way.
Data source: Emerald Coast Association of REALTORS®
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$2,650,000
20.2 Acres US-331, Freeport, FL 32439
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$2,685,000
830 Four Mile Road, Freeport, FL 32439
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$2,276,382
5 bd · 4 ba · 3,600 sf
Lot 15 Clermont Cove, Freeport, FL 32439
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$1,999,000
3 bd · 3 ba · 3,092 sf
1422 Lagrange Road, Freeport, FL 32439
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$2,499,000
3 bd · 3 ba · 2,888 sf
64 Lagrange Cove Circle, Freeport, FL 32439
No photo
$1,750,000
3 bd · 2 ba · 1,810 sf
14034 331 Business, Freeport, FL 32439
Counts Real Estate Group
Courtesy of NBI Properties Inc · Dustin Parkman · 850-243-0007
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Listing data last updated 2026-08-23 19:30:24.