00 Apache Drive
About This Property
Nestled in the heart of Defuniak Springs, this stunning corner lot at offers a perfect blend of rural charm and modern convenience. Spread across a generous expanse, this cleared and beautifully fenced land is an idyllic canvas for your dream home.
Situated on a peaceful corner, the lot backs up to 60 acres of pristine, undeveloped forest, offering both privacy and a serene natural backdrop. The perimeter is secured with 4x4 pressure-treated posts and a 6-foot galvanized wire fence, ensuring durability and security. For added aesthetic appeal, the road frontages boast solid wood fencing.
Unique Chicken Coop: A highlight of this property is the bulletproof chicken coop, equipped with a light-sensitive automatic door, perfect for poultry enthusiasts or those seeking a sustainable lifestyle. Partially cleared for construction, the front half of the lot is adorned with loquat, banana, and pineapple trees, adding a tropical touch to your living space. With a partially cleared area, the lot is primed for building your dream home, be it a cozy cottage or a luxurious estate. Rural yet accessible, while offering a peaceful, country living experience, the lot is conveniently located by local amenities and the vibrant community of Defuniak Springs. Custom home building with ample space and a tranquil setting, it's the perfect spot for building a bespoke residence. The existing infrastructure, including the chicken coop, makes it ideal for small-scale farming or gardening.
Given its proximity to undeveloped woodlands, it's a haven for nature lovers, bird watchers, and those seeking a serene escape.
This land lot is not just a property; it's a lifestyle opportunity waiting to be seized. Whether you dream of a peaceful family home, a sustainable living project, or simply a serene retreat, Lot 10 Apache Drive is where your vision can take root and flourish.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 11, 2023 | Sold | ||
| Sold | |||
| Nov 18, 2023 | Listed by EXP Realty LLC | $25,000 | |
| Listed by EXP Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017