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Lot/land
  • $400,000

    1246 Us Highway 331 N, Defuniak Springs, FL 32433

    --beds
    --baths
    9.63Acres
    Unimproved Land
    Built in ----
    9.63 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    421 days
    |
    39
    |
    1
    |

    Zillow last checked: 8 hours ago

    Listing updated: October 09, 2025 at 02:17am

    Listed by:

    Misty McHenry 850-865-3085,

    Watersound Real Estate

    Source: ECAOR,MLS#: 961161MLS LogoOriginating MLS: Emerald Coast

    Facts & features

    Property

    Features
    • Has view: Yes
    • View description: Lake
    • Has water view: Yes
    • Water view: Lake
    • Waterfront features: Lake Front
    • Frontage type: Water
    • Frontage length: Water: tbd
    Lot
    • Size: 9.63 Acres
    • Dimensions: 742' x 515' x 767' x 617'
    • Features: Easements, Irregular Lot, Within 1/2 Mile to Water
    Details
    • Additional structures: Utility Building
    • Has additional parcels: Yes
    • Parcel number: 163N19190100000050 & 163N19190100000040
    • Zoning description: Resid Single Family

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Well
    • Utilities for property: Electricity Connected

    Community & HOA

    Community
    • Subdivision: Lake Rosemary Estates Unit 1
    Location
    • Region: Defuniak Springs

    Financial & listing details

    • Tax assessed value: $29,800
    • Annual tax amount: $897
    • Date on market: 10/15/2024
    • Electric utility on property: Yes
    • Road surface type: Paved

    Estimated market value

    Not available

    Estimated sales range

    Not available

    $1,716/mo

    Price history

    Price history
    DateEventPrice
    3/5/2025Price change$400,000-11.1%
    Source: ECAOR #961161 Report a problem
    1/25/2025Price change$450,000-5.3%
    Source: ECAOR #961161 Report a problem
    12/14/2024Price change$475,000-5%
    Source: ECAOR #961161 Report a problem
    10/15/2024Listed for sale$500,000
    Source: ECAOR #961161 Report a problem
    10/3/2024Listing removed$500,000
    Source: ECAOR #926429 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2024$249 -11.5%$29,800 -11.8%
    2023$281 +19.8%$33,800 +27.6%
    2022$235 +7.5%$26,485 +10%

    Find assessor info on the county website

    BuyAbility℠ payment

    Estimated monthly payment
    All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
    HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
    Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
    See how much you could borrow to make a competitive offer.

    Boost your down payment with 6% savings match

    Earn up to a 6% match & get a competitive APY with a *. Zillow has partnered with to help get you home faster.

    Learn more*Terms apply. Match provided by Foyer. Account offered by Pacific West Bank, Member FDIC.

    Climate risks

    Neighborhood: 32433

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Maude Saunders
    • Middle: Walton
    • High: Walton

    Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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