Deep open water bayfront lot with Army Corps permits in hand, this Freeport offering presents a rare, build-ready opportunity on Choctawhatchee Bay. The property includes approved permits for both a dock and required mitigation, a generous 50’ x 105’ buildable footprint, and no required build timeframe, allowing an owner to design, hold, or construct at their own pace. Situated on a secluded, no-HOA street, the lot delivers privacy and tranquility without sacrificing accessibility. Notably, this is the least expensive waterfront lot with permits in place under $500,000, making it one of the most compelling bayfront values currently available. Whether envisioning a legacy waterfront estate or a refined coastal retreat, this deep-water lot offers the flexibility, certainty, and timeless appeal that discerning buyers seek.