A blossoming country town snuggled along the Chocktawhatchee Bay simply 15 minutes from the most lovely beaches in the world! For years, Freeport was understood for its peaceful 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 during the early 2000's and land costs went through the roof, Freeport began to attract major developments of its own. Hammock Bay, (a 3 thousand acre opened development), Windswept, and Owl's Head (greens developments) were simply a few of numerous. When the market crashed in 2008, developments on both sides of the bay delayed and the banks took over.
Naturally the beaches rebounded first and have seen prices more than double over the last two years as all the distressed property was demolished. That gold rush is about to make its method to Freeport. Freeport growth heats up when beach side land prices prohibit constructing budget-friendly housing (under $300,000). That day is right now and Freeport still has all-time low prices that we forecast will certainly double within the next 18 months. These.5 acre lots in the peak days sold on the market for an average of $175,000! For this factor, we are investing heavily in Freeport!
Beachside Prices Spiraling out of control.
There is no more cost effective land on the beachside of the bay. All the distressed home 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 prices will certainly continue to spiral as traveler period starts this fall, summertime and spring.
An Affordable Piece of Paradise.
When beachside costs get expensive, investors and developers start to turn their attention to the next finest chance within their reach as they try to own a piece of this paradise. That's Freeport, with rates and insurance rates well below the beachside however only 15-20 minutes away.
As inexpensive housing is integrateded this blossoming town, it will certainly continue to drive more industrial development and hence continue to drive prices even greater. As that development grows, our lovely nation town will become an excellent larger town!
Florida ranked "A+" schools.
And all this new development will certainly match up well with our brand name new Freeport Elementary and High Schools which have been given our state's greatest rating for academic accomplishment!