Hwy frontage along US Hwy 331! 4 Lots make up this 9.63 acre property, the front of the lots are situated along Hwy 331N, while the rear of the properties back up to Lake Rosemary. Current zoning will allow for up to 4 units per acre. With the possibility to convert the property to commercial allowing 12 units per acre. Converting from residential to commercial would require Walton County's approval. This land has so much opportunity; developing for housing, creating an RV Park or so much more. The property currently offers a 2 bay pole barn with a storage room, and a 3 bay pole barn. The property has electricity, a well & septic are both available, but the condition of them are unknown. This land has been used for 25+ years for heavy equipment including but not limited to (cont) to directional boring rigs, dump trucks, semi trucks, tractors, trailers, motor homes, etc. Phone lines have been on the property previously, condition is also unknown by the Seller.
Lot/land
Street View
$400,000
1246 Us Highway 331 N, Defuniak Springs, FL 32433
--beds
--baths
9.63Acres
Unimproved Land
Built in ----
9.63 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 294 days
- on Zillow |
- 33 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: July 23, 2025 at 04:08am
Listed by:
Misty McHenry 850-865-3085,
Watersound Real Estate
Source: ECAOR,MLS#: 961161
Originating MLS: Emerald Coast

Travel times
Facts & features
Property
Features
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake Front
- Frontage type: Water
- Frontage length: Water: tbd
Lot
- Size: 9.63 Acres
- Dimensions: 742' x 515' x 767' x 617'
- Features: Easements, Irregular Lot, Within 1/2 Mile to Water
Details
- Additional structures: Utility Building
- Has additional parcels: Yes
- Parcel number: 163N19190100000050 & 163N19190100000040
- Zoning description: Resid Single Family
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Electricity Connected
Community & HOA
Community
- Subdivision: Lake Rosemary Estates Unit 1
Location
- Region: Defuniak Springs
Financial & listing details
- Tax assessed value: $29,800
- Annual tax amount: $897
- Date on market: 10/15/2024
- Electric utility on property: Yes
- Road surface type: Paved
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