1770 S Us Highway 331 Highway, DeFuniak Springs, FL 32435 (MLS# 897457)

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: $9,995,000 List Date: 5/04/2022 Last Modified: 10/13/2024

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.

More Information MLS# 897457

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

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.