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    N Us Highway 331 Defuniak Springs, FL 32433

    For Sale
    $2,350,000

    23.6-acre parcel for commercial, mixed-use, or residential development.

    Lot size:
    23.60 Acres

    Property Features for N Us Highway 331

    General Information

    Lot size
    23.60 Acres

    Source: Coldwell Banker Realty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    23.6 Acres Development Opportunity

    This 23.6-acre parcel is positioned at the corner of Highway 331 North and Sunrise Road in North Walton County, Florida. The property offers visibility and access along a main transportation corridor. It features over 995 feet of paved road frontage, making it suitable for commercial, mixed-use, or residential development. Zoned Rural Village, the site allows for neighborhood-scale retail, residential subdivisions, or live/work developments. The corner location provides exposure for business or community projects, and the level terrain simplifies site planning and construction.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Defuniak Springs
    County
    Walton
    State
    Florida
    Longitude
    -86.148207
    Latitude
    30.736484

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    FAQs

    What type of property is this?
    Commercial land - 23.6-acre parcel for commercial, mixed-use, or residential development.
    Where is this commercial land located?
    The property is located at N Us Highway 331 Defuniak Springs, FL.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: - 23.6-acre parcel on Hwy 331 N, North Walton County, FL; - Prime development opportunity with flexible Rural Village zoning; - Corner location at Hwy 331 N and Sunrise Road with exceptional visibility
    (850) 554-3142
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    Defuniak Springs, FL 32433
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    Realmo Value Estimation

    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.

    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.

    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
    N Us Highway 331 Defuniak Springs, FL 32433
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