A blossoming country town nestled along the Chocktawhatchee Bay just 15 minutes from the most stunning beaches worldwide! For several years, Freeport was understood for its tranquil under developed natural setting and its boating opportunities with easy access to major bayous, the bay and the Gulf. But as the Beaches of Destin and South Walton exploded with development during the early 2000's and land prices went through the roofing system, Freeport began to bring in major developments of its own. Hammock Bay, (a three thousand acre premiere development), Windswept, and Owl's Head (greens developments) were just a few of many. Nevertheless, when the market crashed in 2008, developments on both sides of the bay stalled and the banks took over.
Naturally the beaches rebounded first and have actually seen rates more than double over the last two years as all the distressed home was gobbled up. That gold rush will make its method to Freeport. Freeport development warms when beach side land costs forbid constructing cost effective housing (under $300,000). That day is right now and Freeport still has all-time low rates that we predict will double within the next 18 months. These.5 acre lots in the peak days sold on the marketplace for approximately $175,000! For this factor, we are investing greatly in Freeport!
Beachside Prices Spiraling out of control
There is no more inexpensive land on the beachside of the bay. All of the distressed property from the market crash in 2008 has actually been soaked up and little 1/4 acre lots in subdivisions are now selling at $100,000 minimum. These rates will certainly continue to spiral as tourist period begins this spring, fall and summer season.
An Affordable Piece of Paradise
When beachside prices get expensive, investors and designers begin to turn their attention to the next best chance within their reach as they try to have a piece of this paradise. That's Freeport, with rates and insurance provider rates well below the beachside however only 15-20 minutes away.
As inexpensive housing is developed in this blossoming town, it will certainly remain to drive more industrial development and hence continue to drive rates even greater. As that development grows, our lovely country town will certainly become a pristine bigger town!
Florida rated "A+" schools
And all this new development will compare well with our brand new Freeport Elementary and High Schools which have actually been offered our state's highest rating for academic accomplishment!