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This is an assignment of contract. . . Discover the opportunity to build your vision on this expansive 1. 59 acre homesite located on S Pheasant Road in Defuniak Springs. This property offers a rare combination of privacy, usability, and accessibility, making it an ideal setting for a custom residence, long term investment, or future development in a growing area of Northwest Florida.
Positioned in an X flood zone, the property provides added confidence with no required flood insurance. According to the wetland mapper, there are no wetlands identified on the parcel, supporting a more straightforward path to development. Electricity is nearby, further enhancing the ease of building and overall value of this homesite.
The location offers a peaceful, rural lifestyle while remaining conveniently connected to everyday essentials. Nearby schools include Walton High School, Walton Middle School, and West DeFuniak Elementary School. Medical services are easily accessible with North Walton Doctors Hospital and Healthmark Regional Medical Center nearby.
Daily conveniences are just a short drive away with options such as Walmart Supercenter, Winn-Dixie, and Piggly Wiggly. The property is also well positioned for access to surrounding cities, including Crestview, Niceville, Destin, and Santa Rosa Beach, offering proximity to employment, shopping, dining, and the white sand beaches of the Emerald Coast.
Travel is convenient with access to Destin Fort Walton Beach Airport and Northwest Florida Beaches International Airport, both within a reasonable drive.
This is an exceptional opportunity to secure usable acreage in a desirable and steadily growing market. Whether you are looking to build now or hold for future appreciation, this property offers flexibility, value, and long term potential.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$23,500
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $18,800 | $18,800 | $18,800 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.133% | 6.739% | 5.952% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $108 | $120 | $156 |
| Total Monthly Payment | $183 | $195 | $231 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.