361 Park Avenue, Defuniak Springs, FL 32435

• 4 beds |
• 3 baths |
• 2,160 sqft

Property Description

This home offers flexibility you just don't find every day, especially in the historic district. This 2,160 SF, two-story home has a proven layout for multi-use living, income potential, or both. With 4 bedrooms and 2.5 baths, the home is currently configured as two separate living spaces. Downstairs is 3 beds/2 bath, and upstairs is a 1 Bed/1 Bath (with 5th bed potential), plus a 2nd kitchen. Live on one level and rent the other, create a multi-generational setup, or explore a duplex conversion and rent both floors. The home sits on a generous 1/3-acre lot with both front street and rear alley access, with a fenced backyard,. It's just minutes to downtown DeFuniak Springs, Lake DeFuniak, Walton Middle, and offers quick access to Hwy 331 South, putting the beaches About 30 min away. This there's room to expand - there is the possibility for a small additional home to be built at the back of the property with its own private entrance, creating the potential for three separate rental opportunities (buyer to verify). The fenced backyard adds privacy and flexibility. This is not a teardown, and it's not pretending to be fully renovated either. The important pieces are in place, including a new water heater, a roof approximately 10 years old, and electrical and plumbing updates completed over time. While the home does need cosmetic updates, features like the original craftsman stone lends authentic charm. Window units are used throughout, and the property has a history of an upstairs rental. This is a chance to buy into the historic district with multiple exit strategies, and without paying finished-home pricing. If you're looking for charm, potential, and a property that can evolve with your plans, this one is worth a closer look.

Listing Status:

Active

Date Added:

January 30, 2026

Data Last Updated:

April 5, 2026 at 3:21PM

Listing Office:

Kim & Company : 850-635-1801

Listing Agent:

Kim E Wennerberg : 850-635-1801

MLS ID:

994137

Interior

• General: BookcasesPantryShelvingWallpaperWalls PaneledWasher/Dryer Hookup
• Appliances: RefrigeratorElectric Water Heater
• Flooring: VinylCarpet
• A/C: Window Unit(s)Ceiling Fan(s)
• Heating: Gas - Natural

Exterior

• General: BalconyPrivate YardSeparate Living Area
• Style: Craftsman

Construction

• General: Wood Siding2

Location

• Road/Access: City Street
• Originating MLS: Emerald Coast Association of REALTORS®
• County: Walton

Lot

• Zoning: HistoricalResid Single Family25-3N-19-19404-001-0070
• Fencing: Chain Link

Utilities

• Water: 0

Financial

• Source: Emerald Coast Association of REALTORS®