1246 Us Hwy 331 N Defuniak Springs, FL 32433
Estimated payment $2,196/month
About This Lot
Hwy frontage along US Hwy 331! 4 Lots make up this 9.63 acre property, the front of the lots are situated along Hwy 331N, while the rear of the properties back up to Lake Rosemary. Current zoning will allow for up to 4 units per acre. With the possibility to convert the property to commercial allowing 12 units per acre. Converting from residential to commercial would require Walton County's approval. This land has so much opportunity; developing for housing, creating an RV Park or so much more. The property currently offers a 2 bay pole barn with a storage room, and a 3 bay pole barn. The property has electricity, a well & septic are both available, but the condition of them are unknown. This land has been used for 25+ years for heavy equipment including but not limited to (cont) to directional boring rigs, dump trucks, semi trucks, tractors, trailers, motor homes, etc. Phone lines have been on the property previously, condition is also unknown by the Seller.
Property Details
Property Type
- Land
Est. Annual Taxes
- $898
Lot Details
- 9.63 Acre Lot
- Lot Dimensions are 742'x515'x767'x617'
- Lake Front
- Property fronts a highway
- Property fronts an easement
- Irregular Lot
- The community has rules related to exclusive easements
Property Views
- Lake Views
Schools
- Maude Saunders Elementary School
- Walton Middle School
- Walton High School
Utilities
- Well
- Septic Tank
Community Details
- Lake Rosemary Estates Unit 1 Subdivision
Listing and Financial Details
- Assessor Parcel Number 16-3N-19-19010-000-0050 & 16-3N-19-19010-000-0040
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/05/2025 03/05/25 | Price Changed | $400,000 | -11.1% | -- |
| 01/25/2025 01/25/25 | Price Changed | $450,000 | -5.3% | -- |
| 12/14/2024 12/14/24 | Price Changed | $475,000 | -5.0% | -- |
| 10/15/2024 10/15/24 | For Sale | $500,000 | -- | -- |
Source: Emerald Coast Association of REALTORS®
MLS Number: 961161
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