$10,550,000
DeFuniak Springs, FL 32435
MLS# 897457
Status: Sold
1 / 12
Property Description
This apex location parcel at the junction of 331 S and Interstate 10 in Defuniak Springs is a developer's dream. 94.7 acres (110.4 per GIS map) with an estimated 75+ developable uplands (wetlands estimated at 20+ acres) is co-zoned commercial and residential (16 units per acre) for maximum value and use. This longtime family farm property has a prominent lake on the eastern side and forested wetland stream areas to the west. The property is the cornerstone parcel of the commercial zone along 331 in south Defuniak Springs with Walmart and Lowes along the same stretch and falls within the City of Defuniak Springs zoning jurisdiction. On the south side of I-10, almost 3,850 residential units are planned by several development groups. The approximate one acre parcel on the south side of I-10
Details
Contract Info
GCCMLS Number: 30800284
Listing Board: Emerald Coast
List Date: 2022-05-04
List Price: $9,995,000
Location, Tax and Legal
Sub Area: 2312 - DeFuniak S. W.
Legal Description: THAT PART OF E2 LYING S OF PROPERTY AS DESCRIBED IN OR 137 PG 639 LESS RD ROWS ALSO LESS COM NE/C GO S 0 DEG 01' 59W 2551.71 FT, GO N 88 DEG 08'50W 101.58 FT TO W ROW HWY 331, GO S 0 DEG 08'59W ALONG HWY 150 FT, GO N 88 DEG 08'50 W 325 FT, GO N 0 DEG 08'59E 150 FT, GO S 88 DEG 08'50E 325 FT TO POB(EASEMENT O.R.403 -692) PRCL 1: BEG SW/C OF SE4 OF SEC 3, ALONG W LINE OF SW4, N 01 DEG 33'47 E 244.04
General Property Info
Listed on GCCMLS: Yes
Vacant: No
Immediate Occupancy: Yes
Lot Depth: 2565
Zoning: Mixed
Lot Frontage: 1750
Future Land Use: Commercial and Residential
Acreage: 110
Listing Info, Tax & Legal
As Is: Yes
Remarks & Misc
Remarks: This apex location parcel at the junction of 331 S and Interstate 10 in Defuniak Springs is a developer's dream. 94.7 acres (110.4 per GIS map) with an estimated 75+ developable uplands (wetlands estimated at 20+ acres) is co-zoned commercial and residential (16 units per acre) for maximum value and use. This longtime family farm property has a prominent lake on the eastern side and forested wetland stream areas to the west. The property is the cornerstone parcel of the commercial zone along 331 in south Defuniak Springs with Walmart and Lowes along the same stretch and falls within the City of Defuniak Springs zoning jurisdiction. On the south side of I-10, almost 3,850 residential units are planned by several development groups. The approximate one acre parcel on the south side of I-10
Class
Land: 1
Land
Property Type: Commercial
None
Current Price: $10,550,000
Status Change Info
Status: Sold
Under Contract Date: 2022-06-21
Sold Date: 2023-07-19
Sold Price: $10,550,000
Location Tax and Legal
Area: 23 - North Walton County
Street #: 1770
Street Direction: S
Street Name: Us Highway 331
Street Suffix: Highway
State: FL
Zip Code: 32435
County: Walton
Parcel ID: 03-2N-19-18000-010-0000
Property Features
Class: Land
Supplements
and billboard lease will convey. Buyer to verify all information for its intended purpose.
Listing Office: Century 21 AllPoints Realty
Last Updated: October - 13 - 2024
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
