1246 N US Hwy 331

Defuniak Springs, FL 32433
$475,000

Description

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)

  • Property Details
      • Lot size:742'x515'x767'x617'
      • Property type:Purchase
      • Subdivision:LAKE ROSEMARY ESTATES UNIT 1
      • Elementary School:Maude Saunders
      • Middle School:Walton
      • High School:Walton
      • Taxes annual:$897
      • Taxes annual_year:2023
      • MLS #:961161
      • Cost:475000
      • Property subtype:Vacant Land
      • MLS #:961161

Location

Central Bay Realty and Property ManagementReal Estate Group
$
years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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