This Lakefront REO home rests on 1 acre and comes with brick siding, metal roof, balcony, and more! Built in 1981 this 3 bedroom 2 and 1/2 bath 2 story home has 2 complete kitchens; 1 on the entry floor (floor 2) and 1 in the downstairs living space. Additionally both floors has a wood burning fireplace. Split bedroom design and tons of potential this is absolutely 1 to see! Call today before this one is gone. FHA IE (insured with escrows).
Single-familyProperty Type
1981Year Built
1 acresLot Size
$121Est. Price/Sq.Ft.
2 car garageParking
Listed by Cosmo Spellings• Assurance Realty of NWFL LLC
Bought with Cosmo Spellings• Assurance Realty of NWFL LLC
This Lakefront REO home rests on 1 acre and comes with brick siding, metal roof, balcony, and more! Built in 1981 this 3 bedroom 2 and 1/2 bath 2 story home has 2 complete kitchens; 1 on the entry floor (floor 2) and 1 in the downstairs living space. Additionally both floors has a wood burning fireplace. Split bedroom design and tons of potential this is absolutely 1 to see! Call today before this one is gone. FHA IE (insured with escrows).
NAMLS #325502
Oct 31, 2002
Listing Removed
—
May 4, 2002
Listed
$169,900
$79/sq ft
May 4, 2002
Listed
$169,900
$79/sq ft
ECAR #124210
Oct 12, 1998
Listed
$149,900
$69/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$720 (+2.3%)
2024
$704 (−22.8%)
2022
$911 (+34.9%)
$27,578 + $128,509
$156,087
2021
$676 (−1.4%)
2020
$685 (+3.8%)
2019
$660 (+2.2%)
2018
$646 (+2.5%)
2017
$630 (+1.9%)
2016
$618 (−0.6%)
2015
$622 (−0.5%)
2014
$625
Tax history for 489 Paul Rd
Year
Property tax
Land + Additions
Assessment*
2025
$720 (+2.3%)
2024
$704 (−22.8%)
2022
$911 (+34.9%)
$27,578 + $128,509
$156,087
2021
$676 (−1.4%)
2020
$685 (+3.8%)
2019
$660 (+2.2%)
2018
$646 (+2.5%)
2017
$630 (+1.9%)
2016
$618 (−0.6%)
2015
$622 (−0.5%)
2014
$625
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
2
Lot width
10 ft.
Lot depth
29 ft.
Lot size
1 Acre
Year renovated
1993
Sq. Ft.
2,160
Year built
1981
Style
Single Family Residential
County
Walton County
APN
013N20280000040010
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 9, 2026.
RV
Rural Village District
The Rural Village Future Zoning District is intended to support and encourage a mixture of residential and non-residential uses typical of small rural villages.
Permitted uses
Include but are not limited to:
Housing-Single unit
Recreation
Park & open space
Property details
Parking
Parking Information
No
Has Garage
Parking Features: Garage Attached
Garage Spaces: 2.00
Interior
Bedroom Information
Bedrooms: 3
Bedroom: Second
Master Bedroom: First
Bathroom Information
Full Baths: 2
Total Baths: 2.00
Master Bedroom/Master Bath: MBed Carpeted, MBed First Floor
Room Information
Rooms: Bedroom, Dining Room, Family Room, Garage, Kitchen, Living Room, Master Bedroom
Kitchen: Second
Living Room: First
Room 1
Living Room
Area: 418.00
Dimensions: 22 x 19
Length: 22.00
Width: 19.00
Level: 1
Room 2
Dining Room
Area: 345.00
Dimensions: 23 x 15
Length: 23.00
Width: 15.00
Level: 1
Remarks: Dining/Kitchen Combo
Room 3
Master Bedroom
Area: 208.00
Dimensions: 16 x 13
Length: 16.00
Width: 13.00
Level: 1
Room 4
Bedroom
Area: 195.00
Dimensions: 15 x 13
Length: 15.00
Width: 13.00
Level: 2
Room 5
Bedroom
Area: 224.00
Dimensions: 16 x 14
Length: 16.00
Width: 14.00
Level: 2
Room 6
Kitchen
Area: 88.00
Dimensions: 11 x 8
Length: 11.00
Width: 8.00
Level: 2
Room 7
Family Room
Area: 264.00
Dimensions: 22 x 12
Length: 22.00
Width: 12.00
Level: 2
Room 8
Garage
Area: 506.00
Dimensions: 23 x 22
Length: 23.00
Width: 22.00
Level: 1
Interior Features
Appliances: Stove/Oven Electric
Interior: Breakfast Bar, Ceiling Cathedral, Fireplace 2+, Floor Vinyl, Floor WW Carpet, Guest Quarters, Kitchen Island, Pull Down Stairs, Split Bedroom, Wallpaper, Washer/Dryer Hookup, Window Treatmnt Some, Woodwork Stained
Exterior
Exterior Features
Pool Type: None
Exterior: Balcony, Dock, Porch Screened
Lot Information
Acreage: 1.00
Lot Dimensions: IRR
Waterfront: Lake
Waterfront Feet: 110
Lot Features: Cleared, Within 1/2 Mile to Water
Lot/Parcel Access: County Road, Graded/Maintained, Gravel/Oyster Shell, Paved Road
Zoning: County, Residential Single Family
Building Information
Construction Status: Construction Complete
Construction/Siding: Foundation Off Grade, Frame, Roof Dimensional Shg, Roof Metal, Siding Brick Some, Siding Vinyl, Siding Wood, Trim Wood
Financial
Financial Information
Mortgage Type: None
Financing: Conventional, FHA
Brokerage Interest: No Interest
Buyer
Buyer
Utilities
Utility Information
Utilities: Electric, Gas - Propane, Phone, Private Well, Septic Tank, TV Cable
Energy: AC - Central Elect, Ceiling Fans, Double Pane Windows, Heat Pump Air To Air, Ridge Vent, Water Heater - Elect
Location
School Information
Elementary School: Maude Saunders
Middle School: Walton
High School: Walton
Location Information
Sub Area: 2306 - Northwest De Funiak/Kings Lake
Area: 23 - North Walton County
Street #: 489
Street Name: Paul
Street Suffix: Road
County: Walton
State: FL
Zip Code: 32433
Project Name/Subdivision: METES & BOUNDS
Absolute Longitude: 86.195118
Longitude: -86.195118
Latitude: 30.793722
Directions: Hwy 331 N from Hwy 90 to left onto Paul Rd. Follow Rd to home on Lake on left.
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 2,160
Stories: 2.0
Lot Size: 1 acres
Style: Single Family Residential
Year Built: 1981
Year Renovated: 1993
County: Walton County
APN: 013N20280000040010
Home facts updated by county records on Sep 8, 2026
Other
Listing Price Information
List Price: 310000.00
List Price/SqFt: 143.52
Property Information
Apx SqFt(Htd/Cooled): 2160.00
Design: Ranch
Sub-Type: Detached Single Family
Waterview: Lake
Listing Information
As Is
Immediate Occupancy: Immediate Occupancy
Around this home
Schools
Mossy Head School
Public PreK-5 • Assigned • 8.7mi
8/10
Walton Middle School
Public 6-8 • Assigned • 7.4mi
7/10
Walton High School
Public 9-12 • Assigned • 5.5mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
4/10 Fire Factor
2% chance of being in a wildfire in next 30 years
9/10 Heat Factor
7 days above 107° expected this year, 20 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Defuniak Springs, FL • 32433
Average low and high temperatures (°F)
59
38
69
47
76
52
81
58
84
65
89
71
91
74
88
72
87
69
81
59
74
53
64
44
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.2 hours in
June and 5.3 hours in December, which is comparable to the
U.S. average for solar exposure.
9.2 hrs
5.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$248,000 – $301,000
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