Nearby rentals
Property management
One-time.
One-time. Refundable.
Property Status: Active 150 Marquis Way presents a rare 4.05-acre development opportunity in the heart of Freeport's explosive growth corridor. The property includes more than $475,000 in prepaid water capacity fees that transfer with the sale, offering immediate utility savings and development readiness. A current Development Order for a hotel provides flexibility for hospitality or mixed-use concepts. The site enjoys dual access from Marquis Way/311 and Highway 20 (Blue Ridge Parkway), with the Marquis connector extending west via bridge to Highway 83A South, ensuring strong regional connectivity. This parcel sits amid major new development activity including Hammock Bay, a 3,000-acre master-planned community with thousands of existing homes and continuous residential expansion, anchors the population growth driving commercial demand along the Hwy 20 corridor. Nearby Owls Head is emerging as a major mixed-use employment and commercial hub, positioned at the crossroads of Hwy 331 and Hwy 20 and supported by new retail and industrial development activity. Further amplifying long-term absorption, Carr Farms represents one of the most significant planned projects in Walton County, with projections of up to 21,000 new homes and roughly 10 million square feet of commercial space at full build-out. Together, these developments form the backbone of Freeport's rapid transformation and create sustained demand for lodging, retail, services, and commercial uses surrounding 150 Marquis Way. Office Phone: (850) 243-0007 Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Source: Emerald Coast Association of Realtors|MLS Listing No. 1008759
| Zip code | 32439 |
|---|---|
| Type | Condo for rent |
studio apartments at 150 Marquis - LEASE Way cost about 288% more than the average rent price for studio apartments in Freeport.
| Month | Median Rent |
|---|---|
| November 2025 | $4,300 |
| December 2025 | $4,500 |
| January 2026 | $4,948 |
| February 2026 | $4,205 |
| March 2026 | $3,537 |
| April 2026 | $4,500 |
| May 2026 | $4,390 |
| June 2026 | $4,844 |
| July 2026 | $3,614 |
| August 2026 | $3,400 |
Can I afford to live at Freeport?
Bedrooms
StudioRent-to-income ratio
30%
$528,000/yr
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