Situated on .94 acres, a prime property in the heart of the City of Defuniak Springs Historic District, offers exceptional flexibility with established infrastructure, making it ideal for residential development. The entire lot is zoned R2 low density. This allows for 4 residential units to be constructed. Utilities are right at the street and easily accessible by way of either HWY 331 or 13th Street. There is 111 feet of HWY 331 road frontage which could be rezoned to C1 for commercial use. Please contact the City of Defuniak for further details and approvals. Drainage is not an issue, as the southwest corner of the lot features a city-managed drainage intake. Not required, but pre-approved by FDOT, a vehicular bridge access from Hwy 331 to cross the small spring-fed creek, with a designated location at the northwest end of the lot. A second and preexisting 20-foot-wide driveway from 13th Street provides sufficient access for emergency vehicles and supports multi-family or business development. Strategically located just 0.6 miles from the historic downtown and only .5 miles from Lake Defuniak makes this lot a perfect opportunity for investors and developers alike. Seller financing or contract for deed available, see listing agent for terms.