Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    68 On Clearwater, Unit 39 Defuniak Springs, FL 32433

    Sponsored
    For Sale
    Contact for pricing

    LAND - DeFuniak Springs, FL

    Lot size:
    0.51 Acres
    Days on Market:
    19
    Last Refresh:
    Feb 1 at 1:06 am

    Property Features for 68 On Clearwater

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Mobile Home, Resid Single
    APN
    16-3N-20-28060-068-0390
    Lot size
    0.51 Acres

    We can help!

    Listing Contact
    Beverly J Buck
    Beverly J Buck

    Coldwell Banker Realty (850) 501-1545

    Listing agent Beverly J Buck (850) 333-0413 License #3444968

    Listing date Jan 14, 2026

    MLS# 992612

    Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Wooded Land in Oakwood Hills

    This 0.51-acre wooded lot is located in the developing Oakwood Hills area. Zoned Rural Residential / Low Density, the property allows for single-family residential, manufactured, mobile, and modular homes. The property is located in Flood zone X per the county. Conveniently located with easy access to I-10, the location allows for commuting in any direction, with most workplaces reachable within approximately 30-45 minutes. The property is approximately 35 miles from the Emerald Gulf Coast, including 30A and Crab Island. Lot 38 (1 acre) is available separately under MLS # 992588. Buyers should verify building codes, zoning regulations, wetlands, and flood zones with local authorities to ensure the property's suitability for their intended use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Defuniak Springs
    County
    Walton
    State
    Florida
    Longitude
    -86.241425
    Latitude
    30.762453

    Nearby Similar for Sale

    • $5,500,000
      0.97 Acres

      High-Exposure Mixed-Use Property

      Mixed-use property with highway frontage and commercial zoning.
      59 Nina St, Defuniak Springs, FL 32433
      View Details
    • Contact for pricing
      17,751 SF

      Medical Suite in Defuniak Springs

      Medical suite in multi-tenant building near hospital and I-10.
      4415 Hwy 331, Defuniak Springs, FL 32433
      View Details
    • $3,230,000
      2,300 SF

      New Development Del Taco Restaurant

      New Del Taco with 20-year NNN lease in Defuniak Springs.
      2760 Us Highway 331 S, Defuniak Springs, FL 32435
      View Details
    • Contact for pricing

      Medical Suite in DeFuniak Springs

      Medical suite in multi-tenant building near hospital in growing area.
      4415 Us Highway 331, Defuniak Springs, FL 32433
      View Details
    • $499,500

      Commercial Building with Rental Potential

      3344 SF commercial building suitable for various business uses.
      81 Fl-83, Defuniak Springs, FL 32433
      View Details
    • $629,900

      Spacious Home on 20 Acres

      Five-bedroom home on 20 acres with creek and barn.
      746 Davidson Rd, Defuniak Springs, FL 32433
      View Details
    • $249,000

      Home with RV Hookups, Workshop

      Two-acre property with RV hookups and workshop in Defuniak Springs.
      4103 King Lk Rd, Defuniak Springs, FL 32433
      View Details
    • $1,200,000

      DeFuniak Springs Mixed-Use Property

      Mixed-use property with welding shop, potential for various business ventures.
      5263 Coy Burgess Loop Loop, Defuniak Springs, FL 32435
      View Details
    • $1,200,000

      Operational Welding Shop For Sale

      Convertible building near beaches and Interstate 10.
      5263 Coy Burgess Loop, Defuniak Springs, FL 32435
      View Details
    • $99,999

      Restaurant Opportunity on Highway 90

      Commercial restaurant property with equipment included, fronting Hwy 90.
      7700 Us Highway 90, Defuniak Springs, FL 32433
      View Details
    • $550,000

      DeFuniak Springs Mobile Home Park

      1.2-acre mobile home park with expansion potential.
      108 Smith Rd, Defuniak Springs, FL 32433
      View Details
    • $1,300,000

      80 Acres Near 30A Beaches

      80-acre country estate with pond, renovated home, and shop.
      261 Wilkerson Rd, Defuniak Springs, FL 32433
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Half-acre wooded lot suitable for residential development near I-10.
    Where is this residential land & home lot located?
    The property is located at 68 On Clearwater, Unit 39 Defuniak Springs, FL.
    What is the asking price?
    The asking price for this property is $17,000.
    What are key features of this property?
    This property features: - Large 1/2 acre wooded lot in a developing area.; - Zoning allows for single family, manufactured/mobile, and modular homes.; - Easy access to I-10 for commuting.
    (850) 333-0413
    Request Owner's contact information
    68 On Clearwater, Unit 39 Defuniak Springs, FL 32433
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    68 On Clearwater, Unit 39
    Defuniak Springs, FL 32433
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    68 On Clearwater, Unit 39 Defuniak Springs, FL 32433
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Beverly J Buck
    Beverly J Buck
    Real Estate License ID: 3444968
    (850) 333-0413
    Learn more
    Google sign-in failed. Please try again or use another login method.