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    117 Acres Fl-83 DeFuniak Springs, FL 32433

    For Sale
    $2,700,000

    DeFuniak Springs development opportunity. High-growth area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 117.35-acre parcel presents a remarkable investment opportunity in the thriving DeFuniak Springs, Florida market. Ideally situated in Walton County, with a 32433 zip code, this property boasts significant road frontage along State Highway 83, offering multiple access points via Windham Way and Church Street. Zoned for Residential Single Family use (R-1), this land is perfectly positioned just north of the local high school, benefiting from its proximity to established community infrastructure. The property's strategic location on the Florida Panhandle, midway between Tallahassee and Pensacola, is further enhanced by the recent widening of US 331 to four lanes, stimulating economic growth and improving accessibility. Detailed engineering for 249 residential lots has already been completed, and a comprehensive survey is available. This turnkey development site offers significant potential for residential construction, capitalizing on the area's expanding population and strong demand for housing. The asking price is $2,700,000. Don't miss this chance to acquire a substantial land holding in a rapidly developing Florida community.

    Property Features for 117 Acres Fl-83

    General Information

    Property type
    Land
    Lot Size
    5,111,766 SF

    HighLights

    • 117.35‑acre parcel in DeFuniak Springs, FL (Walton County, 32433).
    • Significant road frontage on State Highway 83, with access via Windham Way and Church Street.
    • R‑1 (Residential Single Family) zoning.
    • Located near the high school.
    • Midway between Tallahassee and Pensacola, enhanced by the recent widening of US 331.
    • Pre‑engineered for 249 residential lots; survey available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    DeFuniak Springs
    County
    Walton
    State
    Florida
    Longitude
    -86.113497147466
    Latitude
    30.754887802231

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    FAQs

    What type of property is this?
    Land - DeFuniak Springs development opportunity. High-growth area.
    Where is this land located?
    The property is located at 117 Acres Fl-83 DeFuniak Springs, FL.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: 117.35-acre parcel in DeFuniak Springs, FL (Walton County, 32433).; Significant road frontage on State Highway 83, with access via Windham Way and Church Street.; R-1 (Residential Single Family) zoning.
    (850) 398-8898
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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
    117 Acres Fl-83 DeFuniak Springs, FL 32433
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