For many years, Freeport, with its steamboat and schooner connections was the commercial and political hub of Walton County. Various landings were used by the fishing vessels and cargo vessels. The dock at Four Mile Creek didn't charge a fee to be used and was called Freeport, thus the name was used for the town.
Freeport is the crossroads between North and South Walton County. It is situated within driving proximity to Tallahassee, Pensacola, Panama City, Fort Walton Beach and Montgomery, AL. It is also within an hour drive of the Okaloosa County Regional Airport and the Bay County Regional Airport. It's a 20 minute drive to the beaches and golf courses of South Walton. Freeport is a neighbor of Eglin Air Force Base which borders the city limits. Many residents work on Eglin Air Force Base as military personnel, contractors or civil service but the majority work south of the Bay in South Walton County either in county employment, construction or is one of the service industries associated with tourist trade.
The Hammock Bay community is the host to a 60 acre, state of the art sports complex. It was designed as the community's park with preservation of its natural elements and activities for all ages. Sports fields and courts include a shuffleboard playground, walking and jogging trails, T-Ball, softball, soccer and baseball fields, tennis and basketball courts, sand volleyball and disc golf area.