1770 S Us Highway 331 Highway, DeFuniak Springs, FL 32435

$10,550,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 4,791,600 Status: Sold
Current Price: $10,550,000 List Date: 5/04/2022 Last Modified: 10/13/2024

Overview

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

Supplements: and billboard lease will convey. Buyer to verify all information for its intended purpose.

Listing Details MLS# 897457

Status Change Info

Under Contract Date
2022-06-21
Sold Date
2023-07-19

Contract Info

GCCMLS Number
30800284
Listing Board
Emerald Coast

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

General Property Info

Listed on GCCMLS
Yes
Vacant
No
Immediate Occupancy
Yes
Acreage
110
Lot Frontage
1750
Lot Depth
2565
Zoning
Mixed
Future Land Use
Commercial and Residential

More Information

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

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
Yes

Property Features

Class: Land
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.