221 Leonardo Lane, Defuniak Springs, FL 32433 (MLS# 787553)

List Price/SqFt: 70.35

Status: Pending

List Date: 2026-03-28

List Price: $64,999

Current Price: $64,999

Sub Area: 1214 - Walton - Defuniak Springs

Community/Resort: None

Waterfront: No

Directions: From 0'Reillys auto parts in Defuniak Springs. Head toward 21st St. Continue to follow US-90 W. Turn right onto Smith Rd. Turn left onto Lennando Ln/Leonardo Ln. Destination will be on the right

Area: 12 - Walton County

Street #: 221

Street Name: Leonardo

Street Suffix: Lane

State: FL

Zip Code: 32433

County: Walton

Subdivision: Oakwood Lakes

Parcel ID: 19-3N-19-19768-00A-0310

Legal Description: LOTS 31 & 32 BLK A OAKWOOD LAKES ESTATES UNIT 7 OF OAKWOOD HILLS PB 5-9 OR 3002-549 OR 3079-4888 OR 3105-2508

Acreage: 0.33

Design: Single Wide

Lot Size (SqFt): 14375

Apx SqFt(Htd/Cooled): 924

Construction Status: Construction Complete

SqFt Source: Prop App Site

Lot Dimensions: 85x171x85x171

New Construction: No

Garage Y/N: No

Pool: No

Sub-Type: Mobile/Manufactured

Bedrooms: 2

Full Baths: 2

Total Baths: 2

Year Built: 1993

HOA Fee: No

New Buyer Fee: No

Last Taxes: 283

Last Tax Year: 2025

Brokerage Interest: No Interest

Remarks: Tenant-occupied and already generating income, this 2-bedroom, 2-bathroom manufactured home is a turnkey investment opportunity in DeFuniak Springs. Situated on a spacious 0.33-acre lot, the property offers immediate cash flow with a paying tenant already in place--perfect for investors looking to step into a ready-to-go rental. With no HOA and flexible use options, you can continue as a long-term rental, make future improvements, or explore short-term rental potential, as Walton County allows STRs. The property also includes a large covered structure, providing added storage and functionality. Conveniently located near shopping and dining, and just approximately 30 minutes from Choctawhatchee Bay, you're also under an hour from the white sand beaches of Destin and 30A. An added bonus--the neighboring property at 241 Leonardo Ln is also available for purchase, offering a rare opportunity to own two adjacent income-producing properties. Buyer/Buyer's agent to satisfy themselves to all pertinent information regarding the property.

Oven - Electric: 1

Range - Electric: 1

Refrigerator: 1

Barn - Other: 1

Shed(s): 1

Unfurnished: 1

Cleared: 1

Paved Road: 1

Detached: 1

Mobile Home: 1

Bedroom: 1

Electricity - Connected: 1

Public Water - Connected: 1

Septic Tank: 1

First: 1

Window Unit(s): 1

Under Contract Date: 2026-05-27