1770 Us-331, Defuniak Springs, FL 32435

$9,995,000
List Price
$9,995,000
Days on Market
20
MLS#
897459
Status
ACTIVE
Type
Land
Subtype
Vacant Land
Lot Size
4,125,132
Neighborhood
2310 - De Funiak Springs

Property Description

This apex location parcel at the junction of 331 S and Interstate 10 in Defuniak Springs is a developer's dream. 94.7 acres (110.4 per GIS map) with an estimated 75+ developable uplands (wetlands estimated at 20+ acres) is co-zoned commercial and residential (16 units per acre) for maximum value and use. This longtime family farm property has a prominent lake on the eastern side and forested wetland stream areas to the west. The property is the cornerstone parcel of the commercial zone along 331 in south Defuniak Springs with Walmart and Lowes along the same stretch and falls within the City of Defuniak Springs zoning jurisdiction. On the south side of I-10, almost 3,850 residential units are planned by several development groups. The approximate one acre parcel on the south side of I-10 a and billboard lease will convey. Buyer to verify all information for its intended purpose.

Additional Information

Acres
94.7
Association
Emerald Coast
Elementary School
West Defuniak
Farm Info
Barn - Hay, Fenced - Pasture
High School
Walton
Legal Description
THAT PART OF E2 LYING S OF PROPERTY AS DESCRIBED IN OR 137 PG 639 LESS RD ROWS ALSO LESS COM NE/C GO S 0 DEG 01' 59W 2551.71 FT, GO N 88 DEG 08'50W 101.58 FT TO W ROW HWY 331, GO S 0 DEG 08'59W ALONG HWY 150 FT, GO N 88 DEG 08'50 W 325 FT, GO N 0 DEG 08'59E 150 FT, GO S 88 DEG 08'50E 325 FT TO POB(EASEMENT O.R.403 -692) PRCL 1: BEG SW/C OF SE4 OF SEC 3, ALONG W LINE OF SW4, N 01 DEG 33'47 E 244.04
Lot Access
County Road, Private Road, U.S. Highway
Lot Dimensions
1750 x 2565
Lot Features
Easements, Wetlands
Middle School
Walton
Neighborhood
2310 - De Funiak Springs

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Century 21 Blue Marlin Pelican.

Vendor Member Number : 28166