See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

22 Landing Ln, Defuniak Springs, FL, 32433

2beds
1baths
1,000sqft
$85,000
$85price/sqft
$795/moest. monthly cost
$31,800/yrincome needed

About This Home

This REO home is one to see. Built in 1986, this 2 bedroom 1 bath cottage has 1000sf and rests on approx 1/4 acre. Considered lakefront, this unique home has tongue and groove walls throughout, an open floor plan in the living room, dining area and tons of potential. Whether you are looking for affordable living or your next rental investment, this is one to see. This home may qualify for Vendee financing, but can be verified by visiting the VA properties home listing page

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
19
BikeSomewhat Bikeable

Schools

7/10
Walton Middle SchoolGrades 6-83.6 mi
7/10
Walton High SchoolGrades 9-121.7 mi

Construction

Condition

  • Property condition: Construction Complete
  • Year built: 1986

Materials

  • Construction materials: Frame,Trim Wood

Type & Style

  • Home type: SingleFamily
  • Architectural style: Florida Cottage
  • Property subType: Single Family Residence

Interior

Bedroom

  • Level: First
  • Area: 99
  • Dimensions: 11 x 9

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Cooling

  • Cooling features: Window Unit(s),Ceiling Fan(s)

Dining Room

  • Level: First
  • Area: 216
  • Dimensions: 18 x 12

Features

  • Natural Woodwork
  • Common walls with other units/homes: No Common Walls

Interior Area

  • Total structure area: 1,000
  • Total interior livable area: 1,000 sqft

Kitchen

  • Level: First
  • Area: 88
  • Dimensions: 11 x 8

Living Room

  • Level: First
  • Area: 130
  • Dimensions: 13 x 10

Master Bedroom

  • Level: First
  • Area: 160
  • Dimensions: 16 x 10

Property

Details

  • Parcel number: 113N191970000C0130
  • Zoning description: Resid Single Family
  • Special condition: Real Estate Owned

Features

  • Stories: 1

Lot

  • Lot size: 10,018 sqft
  • Features: Interior Lot,Within 1/2 Mile to Water
  • Lot size dimensions: IRR

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningVery High
  • Hurricane
    HurricaneRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Lightning
Hurricane
Tornado
Cold Wave
Strong Wind
Tsunami

FEMA Declared Disasters in Walton County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $429$5,148
Home Insurance *$99$1,188
Property Taxes $70$840
Electricity $197$2,366
Total$795$9,540
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$27,257/yr
40% on housing$23,850/yr
45% on housing$21,200/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 16.1%
16.1%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 8.0%
8.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$85This listing

vs Other Active Listings

Avg $/sqft

ZIP 32433$135
Walton County$485

vs Homes Sold Last Month

Median $/sqft

ZIP 32433$169
Walton County$400

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-03-12Sold$117,700
2021-02-03Sold$120,000
2020-09-05Price change$124,900
2020-08-13Price change$129,900
2020-07-29Listed for sale$139,900
2003-10-24Sold$40,000

Unknown Listed By

AgentCosmo M Spellings
BrokerageAssurance Realty of NWFL LLC

Similar Homes