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Wildwood Lakes Phase III - Wildwood Lakes Phase III 16 Shovel Ready Lots

16 Acres of Residential Land Offered at $1,245,209 CAD in Defuniak Springs, FL 32435

Investment Highlights

  • Wildwood Lakes Phase III offers a fully approved residential development of 16 single-family homes in an up-and-coming market of Northwest Florida.
  • Prime position 1 mile off US 90 and just 15 minutes from US 331 and I-10, able to reach Destin and Fort Walton in less than an hour.
  • National retailers within 10 miles include Walgreens, Walmart Supercenter, Winn-Dixie, Starbucks, Chick-fil-A, Lowe's, and many more.
  • Rare shovel-ready development with all lots cleared and filled and an existing paved road with a cul-de-sac.
  • Single-family homes make up 74% of all inventory within 10 miles of the development, exemplifying booming demand for the asset class.

Executive Summary

TJM Properties is excited to invite investors and developers to join an up-and-coming market with the fully approved third phase of the Wildwood Lakes residential community. Plans allow for the construction of 16 single-family homes on 1-acre lots that have been cleared and filled. Fifteen homes have been completed and sold in adjacent parcels, reflecting significant demand for new rooftops in the area. This rare shovel-ready development presents a substantial pipeline opportunity for a small builder or investor.

Property Facts

Price $1,245,209 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 16.00 AC

1 Lot Available

Lot 16

Price $1,245,209 CAD
Price Per AC $77,826 CAD
Lot Size 16.00 AC

Description

This easily accessible development sits 1 mile off US 90 and is just 15 minutes from both US 331 and Interstate 10. These nearby connections will place employment and recreation hubs at residents’ fingertips, with Destin and Fort Walton Beach less than an hour away and Tallahassee, Mobile, and Panama City reachable in less than two hours. Wildwood Lakes Phase III will attract residents looking to enjoy all that Northwestern Florida has to offer. The area is rich with natural foliage dotted by clear cold-water springs and bounded by sparkling white sand beaches, providing endless opportunities for outdoor recreation. The Eagle Springs Golf and Recreation Park is approximately 5 miles away and quickly accessible via US 90. The area also provides abundant high-quality shopping and dining options. National retailers, including Walmart Supercenter, Winn-Dixie, Lowe’s, Walgreens, Tractor Supply Co., Starbucks, Chick-fil-A, Taco Bell, and many more, are located within just 10 miles. The Wildwood Lakes Development is perfectly poised to capture growing local housing demand. The population within 10 miles of the property exceeds 28,000 and has increased by 3.1% on average each year since 2010. Single-family homes make up 74% of all housing in this area, solidifying this as the perfect opportunity to deliver a needed new supply to the booming population.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 23-3N-20-28030-00F-0200
  • 23-3N-20-28030-00F-0080
  • 23-3N-20-28030-00F-0150
  • 23-3N-20-28030-00F-0100
  • 23-3N-20-28030-00F-0120
  • 23-3N-20-28030-00F-0130
  • 23-3N-20-28030-00F-0140
  • 23-3N-20-28030-00F-0070
  • 23-3N-20-28030-00F-0110
  • 23-3N-20-28030-00F-0160
  • 23-3N-20-28030-00F-0210
  • 23-3N-20-28030-00F-0020
  • 23-3N-20-28030-00F-0040
  • 23-3N-20-28030-00F-0060
  • 23-3N-20-28030-00F-0090
Land Assessment
$500,937 CAD
Improvements Assessment
$0 CAD
Total Assessment
$577,985 CAD

zoning

Zoning Code CR (Conservation Residential- Single family)
CR (Conservation Residential- Single family)
  • Listing ID: 29519719

  • Date on Market: 2023-09-14

  • Last Updated:

  • Address: Wildwood Lakes Phase III, Defuniak Springs, FL 32435

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