tomo logo

$1,949,000

Beds
8
Baths
4.0
sq ft
9,015

13000 State Highway 20 W, Freeport, FL 32439

13000 State Highway 20 W

Freeport, FL 32439

  • Coming soon
A RARE INCOME-GENERATING OPPORTUNITY - BAYFRONT ESTATE WITH UNMATCHED VERSATILITY! Whether you're seeking a PROFITABLE EVENT VENUE for weddings, corporate retreats, or family reunions - or dreaming of a sprawling family compound** - this 3.5-ACRE WATERFRONT ESTATE offers limitless potential. Perfectly perched on an elevated bluff with PANORAMIC VIEWS OF THE CHOCTAWHATCHEE BAY, this one-of-a-kind property features a 7,589 SF main house with 8 bedrooms, 4 bathrooms, and 2 kitchens, plus a 1,426 SF guest house with 3 bedrooms, 3 bathrooms, a full kitchen, and living/dining area. The EXPANSIVE GROUNDS provide ample space for additional structures to further increase revenue potential. Host guests in style with over 5,000 SF of patio space, a huge saltwater pool facing the bay, and sweeping sun-drenched lawns beneath a canopy of oak trees. A fishing hotspot with local grass beds sits just offshore, and you have the option to build a private dock on your deeded waterfront land across the street or launch from nearby Choctaw Beach. With three gated entrances, multiple storage sheds, and breathtaking sunrise views over the bay, this estate offers both privacy and grandeur. Located just 15 minutes from Destin's white sand beaches and a scenic drive to 30A's world-class shops and dining, but without the high price per square foot or seasonal congestion. The current owner enjoys six-figure part-time rental income from private events and luxury vacation stays, with room to scale year-round income through strategic marketing. Don't miss this once-in-a-lifetime opportunity to own a profitable bayfront retreat! Call today for your private showing!

Details

Property type

Single Family Residence

Est. home value

$1,778,436

Lot size

3.43 acres

Price per sq ft

$217

Year built

1983

Price History

01/27/2023
EmeraldCoast

EmeraldCoast #912136

Sold
$1,500,000
+274.06%
04/20/2018
EmeraldCoast

EmeraldCoast #789370

Sold
$401,000

Schools & Community

Elementary school: 

Freeport

Middle school: 

Freeport

High school: 

Freeport

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Crosscountry Mortgage Llc

Loan start date

January 2023

Original loan amount

$900,000

Est. remaining balance

$877,592

Interest rate

6.33%

Loan type

New Conventional, 30 year

Seller

Anita Varricchio

Lender

Crosscountry Mortgage Llc

Loan start date

January 2023

Original loan amount

$900,000

Est. remaining balance

$877,592

Interest rate

6.33%

Loan type

New Conventional, 30 year

Seller

Anita Varricchio

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Coming Soon

Tomo last checked: 03/17/2025 at 7:00 AM

Listing updated: 03/14/2025 at 8:59 AM

Listed by: Hillary Driscoll Olds, Hillary Driscoll Olds, Hillary Driscoll Olds, Hillary Driscoll Olds, Lokation Phone #: (954) 545-5583

MLS: EmeraldCoast #971137

EmeraldCoast logo

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