Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
2 Beds
2 Baths
924 sqft

$55,000

221 Leonardo Lane, Defuniak Springs FL, 32433

Price per sqft$59.52
Built in1993
Property size924 sqft
Property typeManufactured

Overview

Sold

Closed

Listed Mar 29, 2026

Updated Jun 17

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.

Additional information

MLS® ID
787553

Interior Features

Bedrooms
2
Bathrooms
2
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.33 Acres

Other Property Details

Taxes
$283
Tax Frequency
Annually

Also listed on ECAR

 

Courtesy of Keller Williams Realty Southeast Alabama, Kelly L Smith,
Listing Contact: 334-449-0464 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Beach House Sales and Development shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

© 2026 Central Panhandle Association of REALTORS. All rights reserved.

Powered by Luxury Presence