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2894 Bay Grove Rd, Freeport, FL, 32439

2beds
1baths
704sqft
$550,000
$781price/sqft
$3,359/moest. monthly cost
$134,360/yrincome needed

About This Home

Extraordinary Views!!! A Waterfront Dream on Choctawhatchee Bay As the morning sun rises over Choctawhatchee Bay, golden light dances across the water, painting the sky in shades of pink and orange. The soft sounds of waves gently lapping against the shore create a peaceful rhythm—this is the kind of serenity that awaits you every single day. Nestled along 147 feet (approx.) of pristine waterfront, this rare, cleared, and level lot is a true hidden gem. A quaint 2-bedroom, 1-bath cabin sits on the property, waiting for the right vision to bring it back to life. Whether you dream of restoring its charm or building something entirely new, the opportunity to create your own bayfront sanctuary is here. Step outside, and the possibilities are endless. The seawall and dock pilings are already in place, inviting you to rebuild a dock designed for memorable days on the water. Imagine launching your boat just steps from your door, setting out for a morning of fishing where Speckled Trout, Redfish, and Flounder await. In the afternoon, take a paddleboard or kayak across the bay, letting the salty breeze guide you toward adventure. And when the day winds down, there's no better way to end it than with a front-row seat to the most breathtaking sunsets. Pour a glass of wine, settle in on the porch, and watch as the sky turns brilliant shades of crimson and gold, reflecting off the water in a mesmerizing display. Just 200 feet away, Grady Brown Park offers even more to love about this location. With a sandy beach, a large boat ramp, a handicap-accessible kayak launch, picnic areas, and open green space, it's like having a private retreat right next door. But the magic of this property extends beyond its beauty - it's also incredibly convenient. Located in a peaceful, welcoming community, you're just a short boat ride from North Beach Social and The Bay Restaurant, perfect for a waterfront dinner with friends. Freeport is minutes away, offering shopping and essentials, while the stunning beaches of 30A are only 15-20 minutes from your doorstep. And with quick access to Interstate 10 and the VPS & ECP airports, travel is effortless. This is more than just a piece of land. It's a lifestyle, a retreat, a dream waiting to be realized. Whether you're looking for a weekend getaway, a permanent waterfront home, or an investment in a slice of paradise, this property offers everything you could want. Why wait? The sunrises are calling, the bay breeze is whispering, and the chance to live your dream is right here. Come see it for yourself--your waterfront story begins today!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

6/10
7/10
Freeport Middle SchoolGrades 5-84.8 mi
8/10

Construction

Condition

  • Property condition: Construction Complete,Needs Work
  • Year built: 1950

Materials

  • Roof: Shingle
  • Construction materials: Frame,Wood Siding,Trim Wood

Type & Style

  • Home type: SingleFamily
  • Architectural style: Florida Cottage
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Refrigerator,Electric Water Heater

Bedroom

  • Level: First
  • Area: 1
  • Dimensions: 1 x 1

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Flooring: Carpet
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 704
  • Total interior livable area: 704 sqft

Kitchen

  • Level: First
  • Area: 1
  • Dimensions: 1 x 1

Living Room

  • Level: First
  • Area: 1
  • Dimensions: 1 x 1

Other

  • Level: First
  • Area: 1
  • Dimensions: 1 x 1

Property

Details

  • Parcel number: 042S19240100010390
  • Zoning description: County, Resid Single Family, Unrestricted

Features

  • Stories: 1
  • Patio & porch: Screened
  • Exterior features: Dock
  • Fencing: Partial
  • Has view: Yes
  • View description: Bay,Intracoastal Waterwy
  • Has water view: Yes
  • Water view: Bay,Intracoastal Waterwy
  • On waterfront: Yes
  • Waterfront features: Bay,Seawall

Lot

  • Lot size: 7,840 sqft
  • Features: Cleared,Flood Insurance Req,Interior Lot,Level,See Remarks,Within 1/2 Mile to Water
  • Lot size dimensions: 133' x 14' 151' x 15' x 193' appro x .

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
    HurricaneVery High
  • Lightning
    LightningVery High
  • Tornado
    TornadoRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Wildfire
    WildfireModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Tornado
Coastal Flooding
Cold Wave
Heat Wave
Inland Flooding
Strong Wind
Wildfire
Tsunami

FEMA Declared Disasters in Walton County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

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

MonthlyAnnual
Mortgage $2,781$33,372
Home Insurance *$222$2,664
Property Taxes $159$1,908
Electricity $197$2,366
Total$3,359$40,308
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$115,165/yr
40% on housing$100,770/yr
45% on housing$89,573/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

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.

Insurance Growth Rate5-year average: 16.1%
16.1%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 8.0%
8.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$781This listing

vs Other Active Listings

Avg $/sqft

ZIP 32439$251
Walton County$484

vs Homes Sold Last Month

Median $/sqft

ZIP 32439$200
Walton County$400

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)

No zestimate history available

Price History

DateEventPrice
2026-01-08Listed for sale$619,000
2026-01-05Pending sale$619,000
2025-12-20Price change$619,000
2025-10-02Price change$649,000
2025-08-26Price change$699,900
2025-07-20Price change$749,900
2025-03-30Listed for sale$799,000
1979-08-01Sold$9,900

For Sale by Agent

AgentBeverly J Buck
BrokerageColdwell Banker Realty

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