1694 Co Hwy 280A
About This Property
Acreage. Privacy. Possibility. Create your vision across ±33 acres in an excellent DeFuniak Springs location, offering the scale and versatility for a private estate, custom homesite, farm, equestrian property, horses, livestock, or family compound. The existing farmhouse offers the option to renovate or remove, providing a blank canvas to build a new residence and create a truly distinctive Northwest Florida estate.
Ideally positioned along the CR 280 corridor, enjoy the privacy of expansive acreage with convenient access to historic DeFuniak Springs, I-10, US-331, and the newly opened HCA Florida DeFuniak Springs Emergency facility--all while remaining less than an hour from South Walton's renowned sugar-white beaches and emerald Gulf waters.
More than a house with acreage--this is an opportunity to create a legacy property entirely your own.
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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 |
|---|---|---|---|
| Sep 1, 2026 | Listed by Somers & Company | $795,000 | |
| Listed by Somers & Company | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017