When was property at 1586 U.S. 331 built and last sold?

The property at 1586 U.S. 331 was built in 1985 and last sold on Feb 11, 2022 for $300,000.

How much is this home worth?

The estimated value of the home located at 1586 U.S. 331 is $1,004,950.

What are some comparable homes to 1586 U.S. 331?

There are currently no comparable homes to 1586 U.S. 331.

DeFuniak Springs

32435

1586 US-331

Map

$995,000

● Land - For Sale

1586 US-331

DeFuniak Springs, FL 32435

Studio

0 Bath

$4,886

Est. Monthly

About This Property

PRIME COMMERCIAL LOCATION! 3± Acres on US Highway 331 South in DeFuniak Springs, Florida of Walton County. Subject property is approximately 0.4± miles north of Interstate 10 and centrally located to South Walton County, Destin, Fort Walton, Panama City, and Crestview. According to the City of DeFuniak Springs Zoning Map, the subject property is zoned C-1, https://defuniaksprings.net/1168/Zoning-Ordinance-Zoning-Map. Existing survey is located under the Documents Tab.

Unit Size

Days on Market

30 days

Land Size

3.00 acres

Price per sqft

Property Type

Land

Property Taxes

HOA Dues

Year Built

1985

Listed By

John Paul Somers

Hammock Bay

Rachael A Earley

[email protected]

Somers & Company

Payment Calculator

Cap Rate Calculator

Last updated: 2 months ago (ECAR #951332)

Price History

Date / Event	Date	Event
Sep 18, 2026	Relisted	$995,000
Relisted
Jul 31, 2026	In contract	-
In contract
Jun 26, 2026	Price Decreased	$995,000 ↓ $105K (9.6%)
Price Decreased
May 21, 2026	Price Decreased	$1,100,000 ↓ $150K (12%)
Price Decreased
Jul 22, 2025	Price Decreased	$1,250,000 ↓ $140K (10.1%)
Price Decreased
Mar 27, 2025	Price Decreased	$1,390,000 ↓ $5K (0.4%)
Price Decreased
Jun 3, 2024	Listed by Somers & Company	$1,395,000
Listed by Somers & Company
May 9, 2022	Sold	Premium
Sold

Property Highlights

Exterior Details

Lot Size Area: 3

Lot Size Units: Acres

Lot Size Acres: 3

Lot Size Square Feet: 130680

Lot Size Dimensions: 83 x 288 x 52 x 439 x 201 x 687 x 90 x 50

Building Info

Overview

General

Year Built: 1985

Effective Year Built: 1985
Building Count: 1
Total Rooms: 8
Bedroom Count: 0
Bathroom Count: 4
Full Bathrooms: 4
Partial Bathrooms: 4
Bathroom Plumbing Fixtures: 8
Building Condition: 0
Building Quality: 13
Construction Type: 12
Building Style: 0
Exterior Walls Type: 7
Interior Walls Type: 20
Roof Shape Type: 5
Roof Cover Type: 5
Floor Count: 100
Living Units: 2
Floor Cover: 2
Basement Type: 0
Basement Area: 0
Garage Type: 0
Parking Space Count: 0
Patio Type: 59
Porch Type: 63
Pool Type: 0

Dimensions

Lot Size Square Feet: 118,440

Lot Size Frontage Feet: 900
Total Building Area: 5,412
Gross Building Area: 10,500
Building Area: 10,500
Building Area Measurement: R

Heating and Cooling

Air Conditioning: 1

Heating: 4
Heated Square Feet: 5,412
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 3

Property Class: E
Land Acres: 0000002719
Standard Land Use Code: 9211
County Land Use Code: 8600
Legal Description 1: COM NE COR SEC 3, & RUN S 01 DEG 0019W 2552.98 FT, N 87 DEG 4041W 77.53 FT TO A PT ON W ROW ST RD 83 & POB, N 0 DEG 3409E 90.95 FT, S 89 DEG 2553E 50 FT, N 0 DEG 3407E 83.95 FT, S 89 DEG 2528W 288.93 FT, N 03 DEG 1746E 52.55 FT, N 88 DEG

Neighborhood

School District Name: Walton County School District

Census Tract: 950305

Zoning

Zoning: 3310

Geography

Assessors Map Reference: N2-03-19

Section: 3
Parcel: 03-2N-19-18000-013-0000
Block: 1300
Meridian: SEC 03 TWN 02N RNG 019
Municipality: DEFUNIAK
Latitude: 30.6992
Longitude: -86.1233

Address

Full Address: 1586 Us Highway 331 S

Address - House Number: 1586
Street Segment Direction: S
Address - Street Name: Us Highway 331
State: FL
City Name: Defuniak Springs
Carrier Code: R013
4-Digit Zip Code: 3427
Zip Code: 32435

Valuation

Tax

Total Area: 6,938

Tax Year: 2022
Tax Amount: $0
Tax Rate Code Area: 001

Market Valuation

Market Total Value: $1,647,295

Market Land Value: $1,647,295

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $1,647,295
Assessed Land Value: $1,647,295

Sales

Current Sale Contract Date: Feb 11, 2022

Current Sale Recording Date: May 09, 2022
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 21846

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About DeFuniak Springs

Stats & Trends

Median Asking:

$247,490

Sale Price/ft²

$162

Below Asking

0.03%

Average Days on Market

Average Home Size

1765 ft²

Average Home Age

40.2 years

Currently For Sale

59 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Listed by: John Paul Somers, Somers & Company
Last Updated: 2 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 951332

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