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13000 W State Highway 20, Freeport, FL
A RARE INCOME-GENERATING OPPORTUNITY - BAYFRONT ESTATE WITH UNMATCHED VERSATILITY! Whether you're seeking a PROFITABLE EVENT VENUE for Weddings, Corporate Retreats, or Family Reunions - or dreaming of a sprawling FAMILY COMPOUND** - this 3.5-ACRE WATERFRONT ESTATE offers limitless potential. Perfectly perched on an elevated bluff with PANORAMIC VIEWS OF THE CHOCTAWHATCHEE BAY, this one-of-a-kind property features a 7,589 SF MAIN HOUSE with 7 bedrooms, 6 full and 3 half bathrooms, 2 kitchens, plus a 1,426 SF GUEST HOUSE with 3 bedrooms, 3 bathrooms, a full kitchen, and living/dining area. The EXPANSIVE GROUNDS provide ample space for additional structures to further increase revenue potential. Host guests in style with over 5,000 SF of patio space, a huge SALTWATER POOL facing the bay, and sweeping sun-drenched lawns beneath a canopy of oak trees. A fishing hotspot with local grass beds sits just offshore, and you have the option to build a private dock on your deeded waterfront land across the street or launch from nearby Choctaw Beach. With three gated entrances, multiple storage sheds, and breathtaking sunrise views over the bay, this estate offers both privacy and grandeur. Located just 15 minutes from Destin's white sand beaches and a scenic drive to 30A's world-class shops and dining, but without the high price per square foot or seasonal congestion. The current owner enjoys six-figure part-time rental income from private events and luxury vacation stays, with room to scale year-round income through strategic marketing. Don't miss this once-in-a-lifetime opportunity to own a profitable bayfront retreat! Call today for your private showing!
Property Details
| Property Type | Residential |
|---|---|
| Mls # | 971137 |
| LotSize | 3.43 acres |
| Property Subtype | Single Family Residence |
| Year Built | 1983 |
| Cooling Systems | ceiling fan(s),central air |
| Exterior Types | stucco |
| Heating Fuels | central |
|---|---|
| Num Of Floors | 2 |
| Appliances | Cooktop, Dishwasher, Dryer, Garbage Disposer, Microwave, Refrigerator, Refrigerator - Wine Storage, Washer |
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Reviews
Hillary helped find us the perfect home in Miramar Beach Florida. She was patient with our search for the property that fit our goals. It ended up taking us a while due to our hectic schedule and she...
08/09/2025 - SERVPRO of Bellaire
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Hillary has been so quick to provide detailed information and answer questions promptly. Very professional and knowledgable and so much appreciated!
06/30/2025 - Kelly Park
The most AMAZING realtor you could ask for. She was so wonderful, we went back a second time with selling our home in Miramar Beach. She was over-the-top accommodating. Next level service. Super...
03/03/2025 - Jillian Lane Wyant
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Hillary Driscoll Olds is awesome! I had to sell my father’s waterfront home in Niceville. I’m from South Carolina and didn’t know who to contact, but found Hillary through area realtors on the...
02/27/2025 - Erik Hund
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Sold my land in Santa Rosa Beach, FL but I live in Alabama. I didn’t know any realtor but I found Hillary on a realtor website. Hillary kept me updated on everything that I needed to know & made...
02/14/2025 - Cynthia Bertolone
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View more reviewsHillary with LoKation Realty is amazing in so many ways! Being out of state buyers, my wife and I needed someone that had extensive knowledge of the area and market as well as someone who was willing...
01/07/2025 - Mark Genet
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