Rare opportunity in one of Florida's fastest growing communities (15 miles to the Gulf) to obtain one of the last large vacant land tracts in Freeport Town Center with an absolute optimum location featuring Highway 20 frontage, Shipyard Road frontage (home to Freeport's brand new Marina), and ideally situated on a quiet part of newly repaved South Jackson Street between Old Highway 331 and New Highway 331. The 15.23 acre portion of the property (zoned Medium Density Residential - 8 units per acre) has contiguous uplands, while the balance fronts Lafayette Creek providing a natural connection to Choctawhatchee Bay. Freeport Town Center featuring Publix, Ace Hardware, various restaurants, etc is less than a mile away. While the eventual use of the property can be determined by the Buyer, a 120-unit townhome development order is imminent! Almost all due diligence has already been completed during the process of securing the Development Order (including engineering, environmental, etc) and can be provided to a serious and qualified potential Buyer. Only 15 miles from the Gulf and CR-30A (Seaside, Rosemary Beach, Alys Beach, Grayton Beach, etc) in Santa Rosa Beach.