Lot C .63 Acres on Walton Road
About This Property
Parcel C (.63 acres)
Seize this exceptional opportunity to own is .63 acres of prime land on Walton Road, conveniently located less than a mile from Walton High School in the charming town of DeFuniak Springs, FL. This residential zoned (R-1) parcels have public water and sewer available at road (tap fee due), making it a ready-to-build site for your dream home.
Located in Flood Zone X with no wetlands, as per Walton County GIS maps, this property offers peace of mind and ease of development in a serene yet highly accessible location--just minutes from shopping, dining, medical facilities, and schools, and less than Less than 50 minutes to the beaches of 30A. Why You'll Love This Location:
DeFuniak Springs Highlights:
Lake DeFuniak - One of only two nearly perfect circular spring-fed lakes in the world (40 acres), with a scenic walking trail, dock, and seasonal public swimming and fishing.
Historic Downtown District - Less than one mile away, featuring the famous Chautauqua Building, charming shops, and community events.
Annual Christmas Lights Festival - Showcasing over 10 million lights around the Lake Yard, attracting visitors from across the region.
Outdoor & Recreation:
King's Lake - A well-stocked 580-acre reservoir just 6.3 miles north, perfect for fishing enthusiasts (record bass catch: 17.25 lbs!).
Gulf of Mexico's White Sand Beaches - Access pristine beaches within 35 minutes to an hour, including Henderson Beach, Miramar Beach, Santa Rosa Beach, and more.
Crab Island in Destin - A world-famous boating destination on the Emerald Coast.
Emerald Coast Zoo & Chautauqua Winery - Local attractions perfect for family outings.
Endless Outdoor Adventures:
Multiple hiking trails including Florida Trail (Eglin & Nokuse), Lakewood Park, and Lafayette Creek.
Natural Springs & Parks - Explore Vortex Springs, Ponce De Leon Springs, Morrison Springs, and Florida Caverns in Marianna.
Key Features:
*.63 acres - Zoned R-1 for single-family residential
* Water & sewer installed (tap fee due)
*Flood Zone X - No wetlands (per Walton County GIS maps)
* Minutes to downtown DeFuniak Springs & shopping
*Less than 50 minutes to the beaches of 30A
*Close to fishing, boating, hiking, and natural springs
This rare homesite blends convenience, nature, and lifestyle in one of Florida's most charming communities. Don't miss your chance to own a piece of DeFuniak Springs - schedule a visit today!
Buyers are responsible for verifying all property details and dimensions. Information is believed to be accurate but is not guaranteed.
Listed By
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Oct 1, 2026 | Price Decreased |
$59,900
↓ $5K
(7.7%) | |
| Price Decreased | |||
| Jul 4, 2026 | Relisted | $64,900 | |
| Relisted | |||
| Jun 5, 2026 | In contract | - | |
| In contract | |||
| May 1, 2026 | Listed by Coldwell Banker Realty | $64,900 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017