A rare waterfront opportunity at the southern end of Freeport with residential, investment and development potential. This .57-acre parcel offers approximately 111 feet of waterfront and flexible RC - Residential/Neighborhood Commercial zoning, creating options for a private waterfront homesite, builder project, investment property or neighborhood-scale commercial use, subject to applicable approvals. This is Lot 3 of the former 193 Ramsey Branch Road parent parcel. The property offers a unique combination of waterfront living and convenient access to the US 331 corridor, Choctawhatchee Bay and the beaches, dining and amenities of South Walton. Boating access provides another dimension to the property, with approximately 3-5 feet of water depth and navigable access beneath the US 331 bridge, which has approximately 7 feet of vertical clearance. A boat dock may be constructed subject to applicable permitting and approvals. For builders, developers and investors, the opportunity extends beyond this individual parcel. Two adjoining waterfront parcels are also available for purchase, creating the potential to assemble approximately 1.73 acres with approximately 466 feet of combined waterfront. The adjacent Lot 2 contains approximately .45 acres and 90 feet of waterfront, while premium Lot 1 contains approximately .71 acres, an impressive 265 feet of waterfront and an old boat ramp offering a unique restoration opportunity. All three parcels share RC zoning, opening the door to a variety of residential and neighborhood-commercial possibilities. Purchase Lot 3 independently at $285,000 or explore the opportunity to assemble additional adjacent acreage and waterfront. An increasingly hard-to-find combination of waterfront, usable acreage, flexible zoning and proximity to South Walton.

Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.