362 Red Barn Rd, Freeport, FL 32439

$1,285,000
2
BD
2
BA
1,872
SqFt

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List Price
$1,285,000
Price Change
▲ $5,000 1790745100
Days on Market
46
MLS#
1012926
Status
ACTIVE
Type
Single Family Residential
Subtype
Detached Single Family
Bedrooms
2
Bathrooms
2
Full Bathrooms
2
Living Area
1,872
Lot Size
55,756
Neighborhood
S. of 20 to Hwy 331

Property Description

Prime Investment Opportunity in Freeport: 362 Red Barn Rd Discover an unparalleled opportunity to acquire a versatile, high-potential property located at 362 Red Barn Rd, Freeport, FL. Currently a 2-bedroom, 2-bathroom residence spanning approximately 1,872 square feet, this property is poised for significant transformation, making it an ideal candidate for strategic real estate development and tax-advantaged holding. Unlock Exceptional Value Investors can leverage current property tax incentives by securing ownership before the 2026 threshold, positioning this acquisition as a timely and efficient addition to your portfolio. Furthermore, the property's structure and current layout are ideal for a cost segregation study, allowing for accelerated depreciation of specific components--an excellent strategy for optimizing cash flow and tax liabilities in a high-value real estate asset. Development & Expansion Potential This property is more than just a home; it is a canvas for visionaries. Designed for scalability, the residence includes clear potential to connect and expand existing structures, significantly increasing square footage. For those looking to maximize bedroom count and rental appeal, the layout allows for a seamless conversion of the current flexible space back into a functional 3rd bedroom. Ideal for Bio-Research & Specialized Development Situated in a serene environment conducive to focus and innovation, this site offers the quiet, secure, and expansive setting required for specialized operations. Its layout provides a foundational structure suitable for repurposing into a high-tech bio-research facility, laboratory space, or a specialized technical research studio. The combination of land versatility, expansion capability, and privacy makes it a rare find for those in the bio-tech and advanced research sectors seeking a unique development project. Property Highlights Location: Ideally positioned in Freeport, FL, offering both seclusion and accessibility. Flexibility: Easily adaptable layout for conversion to a 3-bedroom configuration. Development Ready: Prime potential for home expansion and architectural upgrades. Investment Edge: Strategic tax planning opportunities, including cost segregation benefits. Sector Optimization: A perfect base for bio-research projects requiring a controlled, private, and customizable environment. Don't miss the chance to capitalize on this exceptional intersection of real estate potential and fiscal efficiency. Contact us today to explore the possibilities of this unique Freeport asset.

Additional Information

Acres
1.28
Style
A-Frame
Elementary School
Freeport
High School
Freeport
Legal Description
Com At Center Of N Bdry Of Fractl Sec 31-1S-19W.S 0 Deg 13'30
Lot Dimensions
296x296
Lot Features
Irregular Lot
Middle School
Freeport
Neighborhood
S. of 20 to Hwy 331
Parking Features
Rv/Boat Parking, Detached Garage, Golf Cart Garage, Oversized, Rv/Boat Parking, Garage
Stories
1
Subdivision
N/A
Utilities
Septic
Year Built
1978
Zoning
Resid Single Family

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Listing courtesy of LPT Realty LLC.

Vendor Member Number : 28166