Wildwood Lakes and McCarthy Estates
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Wildwood Lakes and McCarthy Estates
2 Land Properties in DeFuniak Springs, FL
Virtual Tour
Investment Highlights
- Wildwood Lakes Phase I & II and McCarthy Estates offer over 80 residential lots in DeFuniak Springs, a burgeoning market in Northwest Florida.
- Strategic location near US Hwy 90, roughly 15 minutes from US Hwy 331 and I-10, reachable to 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.
- Development site is fully approved with engineering plans and full entitlements, and a development order is already in place. Approved DOs and Plats.
- Single-family homes make up 74% of all inventory within 10 miles of the development, exemplifying booming demand for the asset class.
Executive Summary
This premier opportunity presents an exceptional chance for national or regional homebuilders to tap into two highly desirable single-family development projects in DeFuniak Springs. Located in the flourishing Florida Panhandle region, the developments include a full set of approved engineering design plans, which are fully entitled, with a development order already in place. The projects encompass Wildwood Lakes Phase I and II, featuring 90 acres of prime development land. This phase allows for the construction of 55 single-family homes on spacious sites of over 1 acre each. Additionally, McCarthy Estates offers 7.5 acres of premium land for 29 individual home lots.
While the land remains raw and will require infrastructure development, its strategic location ensures swift access to essential amenities and connections. Residents will benefit from proximity to employment and recreational hubs, with Destin and Fort Walton Beach less than an hour away and Tallahassee, Mobile, and Panama City within a two-hour drive. Convenient access to Interstate 10 and the historic downtown DeFuniak Springs area further enhances the appeal, while the picturesque Emerald Coast beaches and State Road 30A roadway are roughly 30 miles from the sites.
The region has abundant natural beauty, including clear, cold water springs and white sand beaches, offering endless outdoor recreation opportunities. The nearby Eagle Springs Golf and Recreation Park is 5 miles away, accessible via US Highway 90. The area also boasts high-quality shopping and dining options, with major national retailers such as Walmart Supercenter, Winn-Dixie, Lowe's, Walgreens, and Starbucks within 10 miles.
With a population of over 28,000 within a 10-mile radius, growing at an average annual rate of 3.1% since 2010, and single-family homes comprising 74% of local housing, this development opportunity is positioned to meet the rising demand for new housing in this thriving community.
While the land remains raw and will require infrastructure development, its strategic location ensures swift access to essential amenities and connections. Residents will benefit from proximity to employment and recreational hubs, with Destin and Fort Walton Beach less than an hour away and Tallahassee, Mobile, and Panama City within a two-hour drive. Convenient access to Interstate 10 and the historic downtown DeFuniak Springs area further enhances the appeal, while the picturesque Emerald Coast beaches and State Road 30A roadway are roughly 30 miles from the sites.
The region has abundant natural beauty, including clear, cold water springs and white sand beaches, offering endless outdoor recreation opportunities. The nearby Eagle Springs Golf and Recreation Park is 5 miles away, accessible via US Highway 90. The area also boasts high-quality shopping and dining options, with major national retailers such as Walmart Supercenter, Winn-Dixie, Lowe's, Walgreens, and Starbucks within 10 miles.
With a population of over 28,000 within a 10-mile radius, growing at an average annual rate of 3.1% since 2010, and single-family homes comprising 74% of local housing, this development opportunity is positioned to meet the rising demand for new housing in this thriving community.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Land Area | 97.50 AC |
| Number of Properties | 2 |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Land Area | 97.50 AC |
Properties
| Property Name / Address | Property Type | Land AC | Land SF | Individual Price |
|---|---|---|---|---|
|
Wildwood Lakes Phase I & II - 55 Lots
123 Wildwood Lakes Dr, DeFuniak Springs, FL 32435 |
Land | 90.00 AC | 3,920,400 SF | - |
|
McCarthy Estates - 29 Lots
1050 Walton Rd, DeFuniak Springs, FL 32433 |
Land | 7.50 AC | 326,700 SF | - |
Sale Advisor
Sale Advisor
(727) 683-1200
Contact
Matthew Bradley, Development & Operations
(727) 683-1200
Contact
Having been with TJM since 2013, Matt brings expertise in all aspects of real estate operations, management, development, financing, acquisitions, and dispositions. He is also a senior director for the underwriting and valuation team for new acquisitions, as well as an asset manager for TJM’s current holdings.
-
Matthew Bradley -
TJM Properties
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