2554 Bay Grove Rd, Freeport, FL, 32439
About This Home
Discover waterfront living in Freeport, where peaceful bayfront views, a new dock, and no HOA create the ideal coastal retreat. This charming 2-bedroom, 2-bathroom home offers 60 feet of bay frontage, giving you direct access to the water and the relaxed lifestyle buyers are searching for along the Emerald Coast. Inside, the home features 10-foot ceilings and an open floor plan that showcases breathtaking bay views. The light-filled living spaces are designed for comfort and easy entertaining, blending indoor and outdoor living. A new roof installed in 2024 adds peace of mind, while the prime location places you just minutes from 30A beaches, shopping, dining, and everyday conveniences. Whether you're looking for a primary residence, vacation getaway, or waterfront rental opportunity, this Freeport bayfront property offers a rare combination of privacy, accessibility, and coastal charm. Enjoy the best of waterfront living in Freeport with no HOA restrictions, a new dock, and direct bay access in one of the area's most desirable locations.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Construction Complete
- Year built: 1973
Materials
- Roof: Metal
- Construction materials: Brick
Type & Style
- Home type: SingleFamily
- Architectural style: Florida Cottage
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Microwave,Washer
Bedroom
- Level: First
- Area: 120
- Dimensions: 12 x 10
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Features
- Vaulted Ceiling(s)
- Flooring: Tile,Carpet
- Common walls with other units/homes: No Common Walls
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 1,512
- Total interior livable area: 1,512 sqft
Kitchen
- Level: First
- Area: 175.5625
- Dimensions: 13.25 x 13.25
Living Room
- Level: First
- Area: 465
- Dimensions: 30 x 15.5
Master Bedroom
- Level: First
- Area: 168
- Dimensions: 14 x 12
Property
Details
- Parcel number: 042S19240100010080
- Zoning description: Resid Single Family
Features
- Stories: 1
- Patio & porch: Patio
- Exterior features: Dock
- Has spa: Yes
- Spa features: Heated
- Has view: Yes
- View description: Bay
- Has water view: Yes
- Water view: Bay
- Waterfront features: Bay
Lot
- Lot size: 0.27 Acres
- Features: Level,Within 1/2 Mile to Water
- Lot size dimensions: 200 x 60
Parking
- Parking features: Other
- Carport: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Lightning
- Tornado
- Coastal Flooding
- Cold Wave
- Heat Wave
- Inland Flooding
- Strong Wind
- Wildfire
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Walton County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,040 | $48,480 |
| Home Insurance * | $323 | $3,876 |
| Property Taxes | $731 | $8,772 |
| Electricity | $197 | $2,366 |
| Total | $5,291 | $63,492 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-27 | Price change | $799,000 |
| 2026-04-04 | Listed for sale | $850,000 |
| 2017-11-28 | Sold | $2,642 |
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