An Incredible Opportunity on Mallet Bayou!Tucked away on a peaceful cul-de-sac, this stunning .54-acre waterfront property boasts 50 feet of frontage on Mallet Bayou, offering deep water access and a true boater's paradise with easy entry to Choctawhatchee Bay. Whether you're an investor or a dreamer ready to build your custom home, this property is your blank canvas. Framed by native Florida trees and lush natural surroundings, the setting is both tranquil and inspiring. The previous home of 2,600 sq ft has been gutted and is ready for updating or a total rebuild. There is also a dock currently in place, but this will also need some updating. Easy Show!! The property is located in an AE Flood Zone.
Sold for $405,000 on 05/29/25
$405,000
338 W Bayou Forest Dr, Freeport, FL 32439
3beds
2,633sqft
Single Family Residence
Built in 1994
0.54 Acres Lot
$431,400 Zestimate®
$154/sqft
$3,023 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 29, 2025 at 08:28am
Listed by:
Kenneth R Koger 850-621-3247,
Century 21 AllPoints Realty
Bought with:
Anna S Callaway, 3504737
Scenic Sotheby's International Realty
Source: ECAOR,MLS#: 973803
Originating MLS: Emerald Coast

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Bedroom
- Level: First
Bathroom
- Level: First
Living room
- Level: First
Heating
- Electric
Cooling
- Electric
Features
- Bedroom, Full Bathroom, Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,633
- Total interior livable area: 2,633 sqft
Property
Parking
- Total spaces: 6
- Parking features: Garage, Attached
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 1
- Patio & porch: Patio Enclosed
- Exterior features: Dock
- Pool features: None
- Has view: Yes
- View description: Bay, Bayou
- Has water view: Yes
- Water view: Bay,Bayou
- Waterfront features: Bay, Bayou
- Frontage type: Water
- Frontage length: Water: 50
Lot
- Size: 0.54 Acres
- Dimensions: .54
- Features: Cul-De-Sac, Level, Within 1/2 Mile to Water
Details
- Parcel number: 281S19230300000111
- Zoning description: Resid Single Family
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Florida Cottage
- Property subtype: Single Family Residence
Condition
- Under Construction
- New construction: Yes
- Year built: 1994
Utilities & green energy
- Sewer: Septic Tank
- Water: Well, Public
- Utilities for property: Electricity Connected
Community & neighborhood
Community
- Community features: TV Cable
Location
- Region: Freeport
- Subdivision: No Recorded Subdivision
Other
Other facts
- Listing terms: None
- Road surface type: Paved
Services availability

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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$431,400
2% more+ $8,628
With Zillow Showcase(estimated)
$440,028