Jolly Bay Acres
Homes for Sale in Freeport, FL

This is a small, established enclave in Walton County where inventory is thin to nonexistent and the housing stock varies widely by age and condition — the opposite of a uniform subdivision.

Emerald Coast MLS sales records identify 7 homes in JOLLY BAY ACRES that have changed hands since 2004, built between 1980 and 1999 (median 1993), with a median living area of about 1,260 sq ft and a typical 3-bedroom, 2-bath layout. Source: Emerald Coast MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.

Jolly Bay Acres is too small for its own price trend, so here is the market around it.

In ZIP 32439, 535 homes are on the market and 26% are under contract — a steady corner of Freeport.

Across Walton County, 3,174 homes are active and 698 pending (18% under contract).

In ZIP 32439 (Freeport), 679 homes closed in the last 12 months at a median of $385K, down 3.3% year over year, with a median 70 days on market. Right now 301 active and 108 pending listings put supply at about 5.5 months — a buyer's market. See the live ZIP 32439 housing market and the Walton County market.

ZIP and county figures describe the wider market, not Jolly Bay Acres specifically. Momentum Research analysis of MLS records.

• Freeport · Elementary
• Freeport · Middle
• Freeport · High

Zoned schools reflect the assignments reported on recent Jolly Bay Acres listings and can change; always confirm with Walton County Public Schools for a specific address.

Buying with schools in mind? We can confirm the exact zoned schools for any Jolly Bay Acres address.

With just 27 homes and a median living area of about 1,788 square feet, Jolly Bay Acres is modest in both scale and footprint. The build range from 1950 to 2024 tells you this grew in over decades rather than all at once, so no two nearby homes are guaranteed to look — or systems-wise, perform — alike. That rewards buyers who inspect carefully and value each property individually.

Roughly 41% of homes here carry a homestead exemption, which points to a meaningful share of non-owner-occupied or seasonally held property in the mix. There are no identified community amenities from current MLS listings, so the draw is the location and the land itself, not shared facilities or an HOA-managed lifestyle.

In a 27-home enclave with no active listings, the market is off-book — the right deal often comes from knowing who might sell before it hits the MLS. We track this pocket closely, we value each home on its own condition and lot rather than a broad average, and we will tell you plainly when a specific property does not justify its asking price.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.