3 11Th St DeFuniak Springs, FL 32433
Exceptional investment opportunity in DeFuniak Springs, Florida! This 0.48-acre parcel, comprised of three lots (715, 716, and 717) totaling 0.48 acres of cleared land, presents significant potential. Currently zoned R-2 for multi-family residential use (per city records), this property offers flexibility for developers or individuals seeking to build a single-family home. The lots are conveniently located just two blocks from Highway 90, less than 0.3 miles from Highway 331, and only 2.5 miles from Interstate 10, ensuring easy access to major transportation routes. Enjoy the benefits of a prime location, close to the historic Lake DeFuniak, vibrant downtown shopping, and the stunning beaches of the Emerald Coast. Nearby cities include Crestview, Miramar Beach, Destin, and more. Utilities (power, water, and sewer) are available nearby. There are no HOA fees. Parcel IDs: 25-3N-19-19070-000-7150 and 25-3N-19-19070-000-7160. This property is ideal for those seeking a blend of outdoor recreation and urban convenience. Asking price: $110,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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