10/29/2026
Boat up for dinner, or pull off the busiest road to the beach. This corner can do both.
Prime 331 Development is 5.99± acres where Highway 331 South meets Sweetwater Lane in Freeport, with about 785 feet of highway frontage and 420 feet on Mallet Bayou. That water has navigable access through Choctawhatchee Bay to the Gulf, and most of the site sits high and dry in Flood Zone X, so you get the waterfront without giving up usable land.
It's a half mile from the 331 Bridge and a half mile from the new Walmart, right on the corridor carrying South Walton traffic north. The site could support up to 30,000 SF of mixed-use retail, office, hotel, and restaurant space. Offered at $5,995,000.
📍 18500 US Highway 331 South, Freeport, FL 32439
Listed by Chris Clubbs, CCIM
Let's talk about what you'd build here. 📞 850.750.2000
🔗 https://properties.clubbsrealestate.com/331development