Aerial view of The Preserve at Black Creek

The Preserve at Black Creek
Homes for Sale in Freeport, FL

All 369 homes for sale in Freeport, FL · median $429,850 · 334 homes for sale in 32439 · Walton County homes for sale

Community in Freeport · Walton County · ZIP 32439
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Built fromPublic records & builder filingsUpdated twice daily

The Preserve at Black Creek is a community in Freeport, Walton County, FL (ZIP 32439). Across Freeport as a whole, 605 homes closed in the last 12 months at a median of $385,471, 71 median days on market, with 298 homes for sale today. At that median and Walton County's FY2025-26 rate of 9.758 mills, annual property tax runs about $3,760 ($3,380 with the full homestead exemption).

Jon Brooks, founder of Momentum Realty
Jon's Current Read

As of this snapshot, The Preserve at Black Creek has no listings and no recorded sales, which is what we expect for a subdivision still in Walton County's development-application process. There is no price or pace to read yet because homes have not been platted or sold.

For a buyer, the first meaningful number will be Holiday Builders' base pricing once lots release. For anyone tracking Freeport's SR-20 corridor south toward Black Creek Boulevard, this is a watch-list entry worth flagging early, while lot selection would be widest.

The 60-Second Overview

The Preserve at Black Creek is an announced single-family subdivision proposed on about 58.7 acres at 2909 State Road 20 in Freeport, Walton County (ZIP 32439), in the Black Creek Boulevard area. County filings identify Holiday Builders as the builder, with a major development application describing roughly 66 single-family lots and supporting infrastructure on land with a Rural Residential future land use and Rural Village zoning. No floor plans or pricing had been published at this snapshot, and there are no listings yet, so this page tracks the community's progress. Details should be confirmed with the builder.

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.

The market around The Preserve at Black Creek

In ZIP 32439 (Freeport), 669 homes closed in the last 12 months at a median of $385K, down 3.5% year over year, with a median 70 days on market. Right now 303 active and 92 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 The Preserve at Black Creek specifically. Momentum Research analysis of MLS records.

Best for

  • Buyers targeting a new single-family home in the Freeport / SR-20 corridor who can wait for a pre-construction opening
  • Shoppers who prefer a lower-density subdivision with a named production builder
  • Buyers comfortable doing diligence on a project still in Walton County's review process

Probably not for

  • Buyers who need a completed home to tour and close on a short timeline
  • Anyone who wants an established community with recorded resale history to price against
  • Buyers who require confirmed pricing, floor plans, and HOA figures before they will engage

The Preserve at Black Creek: what we know so far

The Preserve at Black Creek is not selling yet. There are no active listings and no recorded resales, so every number on this page comes from public records, county approvals and builder announcements, and is dated. We re-verify status on every rebuild.

DeveloperHoliday Builders
BuildersHoliday Builders
Community typeSingle-family (subdivision)
ZIP32439
CountyWalton County, Florida
Last verifiedJuly 31, 2026
Sourcediscovery-2026-07-31 Walton region

Status note: Pre-launch / announced community: major development application (about 66 lots) for Holiday Builders in Walton County's review process; no builder listings yet, so MLS keeper signals cannot fire. Geo approximate (2909 State Road 20, Freeport, near Black Creek Boulevard);

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Recent Developments in The Preserve At Black Creek

Development, infrastructure, retail, and school activity affecting The Preserve At Black Creek, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.

Dev Momentum39/100 · Moderate
  1. July 2026
    Infrastructure

    Scenic Walton advances underground utilities and gateway landscape projects

    Scenic Walton reported progress on countywide initiatives, including a $200,000 Freeport U.S. 331 gateway landscape project supported by a $100,000 FDOT Highway Beautification Grant, plus a 30A West gateway landscape project and early planning for countywide underground utilities. Funding for the utilities study advanced into Walton County's draft budget for fiscal year 2026 to 2027.

    What it may mean for the marketAdvances roadway beautification and stormwater improvements along the Freeport U.S. 331 corridor and the 30A west gateway and lays groundwork for utility resilience upgrades across Walton County. The site is about 12 miles southeast of The Preserve At Black Creek.

    Source: Get The Coast
  2. June 2026
    Civic

    DeSantis signs state budget with funding for Okaloosa County projects

    Governor DeSantis signed the state budget that included roughly $15 million for 20 Okaloosa County projects, among them $5 million for the Northwest Florida State College Workforce Innovation Center in Niceville, $1.5 million for Shalimar Bridge Park, and $3 million for Destin road and drainage work. About $7.26 million in other local requests were vetoed.

    What it may mean for the marketDirects state funding toward workforce, park, road, and drainage infrastructure across Okaloosa County, supporting public facilities and capacity in Niceville, Shalimar, and Destin. The site is about 12 miles southwest of The Preserve At Black Creek.

    Source: Get The Coast

Development alerts for The Preserve At Black CreekGet a short monthly email when something new is approved, funded, or opens near The Preserve At Black Creek.

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Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.

If we were buying in The Preserve at Black Creek today, this is the order of operations we would run for our clients.

1

Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in The Preserve at Black Creek.

Best Buy
Buyers who want a new single-family home in Freeport from a named production builder and can wait for a pre-construction opening.
Biggest Risk
No pricing or floor plans published yet; the plan is still a major development application in county review.
Sweet Spot
Best approached now as a watch-list community to catch the first lot release.
Avoid If
Avoid if you need a finished home to tour and close quickly — nothing is built.

A Named Builder on the Black Creek Corridor

What sets The Preserve at Black Creek apart from many announced Freeport parcels is that a production builder — Holiday Builders — is already attached to the application. Holiday Builders is active elsewhere in Freeport, including the larger NatureView master-planned community, so the plans and price band here are likely to resemble that builder's established Walton County product once released.

The plan itself is modest: about 66 single-family lots on roughly 59 acres, which points to lower density and larger average lots than the biggest Freeport tracts. The Rural Residential / Rural Village designations reinforce that lower-density character. The site sits along the SR-20 corridor near Black Creek Boulevard, part of the growth path that has drawn steady new-home activity as buyers trade beach-corridor pricing for space and quicker access to Freeport and U.S. 331.

The genuine unknowns to confirm in writing are base pricing, floor plans, utility service (public versus septic), and the HOA structure. As a major development application still in county review, the lot count and site plan can still change.

The location and the amenities are priced into every listing in The Preserve at Black Creek. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

Why work with Momentum here

For an announced subdivision with a named builder, our value is timing and diligence: tracking when lots release so you can get on the interest list early, and comparing Holiday Builders' base specs and lot premiums here against the builder's other Freeport communities.

We also read the parts buyers overlook on new construction near Freeport — the HOA budget, utility connections, and which homesites sit closest to preservation or drainage lines — so the cost and the lot you commit to are the right ones.

The Preserve at Black Creek in 15 seconds.

Best forBuyers who want a new single-family home in Freeport from a named production builder and can wait for a pre-construction opening.
Biggest advantageA lower-density subdivision with a builder already attached (Holiday Builders) on the SR-20 corridor.
Biggest riskNo pricing or floor plans published yet; the plan is still a major development application in county review.
Sweet spotBest approached now as a watch-list community to catch the first lot release.
Avoid ifAvoid if you need a finished home to tour and close quickly — nothing is built.

HOA, CDD & Fees

In short
  • HOA status not on record. Verify any dues before you offer
  • Any club/amenity membership is billed separately

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

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed The Preserve at Black Creek sales matched to your home.

What is your The Preserve at Black Creek home worth?

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Real comps, not an automated estimate.
Buyers targeting a new single-family home in the Freeport / SR-20 corridor who can wait for a pre-construction openingExcellent fit
Shoppers who prefer a lower-density subdivision with a named production builderExcellent fit
Buyers comfortable doing diligence on a project still in Walton County's review processExcellent fit
Buyers who need a completed home to tour and close on a short timelineProbably not
Anyone who wants an established community with recorded resale history to price againstProbably not
Buyers who require confirmed pricing, floor plans, and HOA figures before they will engageProbably not

Data sources & freshness

Community recordpublic records & builder filings listing records: the community is present in the MLS feed; no closed sale is on record in our archive yet, so no price statistics are shown

Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.

Momentum Research figures are our own analysis of public records & builder filings records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.

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The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the public records & builder filings member average and 8 days faster, and we’ll price yours against live local comps.

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