15.9 acres adjoining Magnolia Lake S/D. This parcel is owned by the original developer of Magnolia Lake Subdivision. Magnolia Lake S/D is considered by many to be the nicest subdivision in Defuniak Springs. Access to the subject property is through Magnolia Lake. All utilities are stubbed to the subject property. Plans for the development of up to 33 lots are on file with a local engineering firm. Here is your opportunity to purchase a premier developmental parcel. This is a wise real estate investment ready to be developed. Walking distance to Maude Sanders Elementary & Walton High School.