A blossoming country town situateded along the Chocktawhatchee Bay just 15 minutes from the most gorgeous beaches in the world! For numerous years, Freeport was understood for its serene under developed natural setting and its boating chances with simple access to significant bayous, the bay and the Gulf. But as the Beaches of Destin and South Walton blew up with development throughout the early 2000's and land prices skyrocketed, Freeport began toattract significant developments of its own. Hammock Bay, (a 3 thousand acre opened development), Windswept, and Owl's Head (golf links developments) were simply a few of many. Nevertheless, when the marketplace crashed in 2008, developments on both sides of the bay stalled and the banks took over.
Naturally the beaches rebounded very first and have seen rates more than double over the last 2 years as all the distressed property was gobbled up. That gold rush is about to make its way to Freeport. When beach side land costs prohibit developing budget friendly housing (under $300,000), Freeport growth heats up. That day is right now and Freeport still has all-time low pricing that we predict will double within the next 18 months. These.5 acre lots in the peak days offered on the market for approximately $175,000! For this factor, we are investing greatly in Freeport!
Beachside Prices Spiraling out of control.
There is no more affordable land on the beachside of the bay. All the distressed property from the marketplace crash in 2008 has actually been absorbed and small 1/4 acre lots in subdivisions are now offering at $100,000 minimum. These rates will certainly remain to spiral as traveler period starts this summertime, fall and spring.
An Affordable Piece of Paradise.
When beachside rates get expensive, investors and developers begin to turn their attention to the next best chance within their reach as they attempt to have a piece of this paradise. That's Freeport, with prices and insurance provider rates well below the beachside however just 15-20 minutes away.
As affordable housing is built in this blossoming town, it will continue to drive more industrial development and thus continue to drive costs even higher. As that development grows, our gorgeous country town will become a pristine bigger town!
Florida ranked "A+" schools.
And all this brand-new development will certainly match up well with our brand new Freeport Elementary and High Schools which have been given our state's highest rating for academic accomplishment!