Defuniak Springs Homes under $500,000

Defuniak Springs Homes under $500,000

Welcome to DeFuniak Springs, Florida – a charming city that combines the allure of Southern hospitality with the beauty of nature. Nestled in the heart of the Florida Panhandle, DeFuniak Springs is known for its stunning natural spring-fed lakes, historic architecture, and a close-knit community that welcomes newcomers with open arms.

One of the most appealing aspects of this picturesque city is its affordability. For those seeking a place to call home without breaking the bank, DeFuniak Springs offers a delightful selection of homes under $500,000. Whether you’re a first-time buyer, a growing family, or looking to downsize, you’ll find a variety of options that cater to your needs. From charming bungalows with character to modern family homes with spacious yards, there’s something for everyone in this vibrant community.

Living in DeFuniak Springs means you can enjoy a slower pace of life while still having access to modern amenities. The city boasts beautiful parks, quaint shops, and local dining options that highlight the region’s rich culinary traditions. Plus, with its proximity to the stunning beaches of the Emerald Coast, you can easily escape to the sun and surf whenever the mood strikes.

Experience the charm and affordability of DeFuniak Springs, where your dream home awaits. Discover a community that values connection, nature, and the simple joys of life. Your new adventure starts here!

Newest Defuniak Springs Homes under $500,000

6049 Co Hwy 1087, Defuniak Springs
$159,990
2 Beds ⋅ 1 Baths ⋅ 1013388 MLS
A little country, a lot of possibilities--and room to make it your own! Listed at $159,990, this 2-bedroom, 1-bath home in Mossy Head comes with 2.29 cleared acres, mature trees, partial fencing, and NO HOA. Want more elbow room? Two adjoining parcels--1.14 acres and 0.64 acres--are available to purchase separately, bringing the total to 4.07 acres if you buy all three. The home sits back from the road with a covered front porch overlooking the acreage. Inside, the open living, dining, and kitchen layout offers natural light, plenty of kitchen cabinetry, and unique glass-block accents. The home has an oversized bathtub and a private outdoor shower just steps away--the property's only shower. Have projects in mind? The older four-car garage has two separate bays and an area previously used as a paint booth by a former body shop owner. It isn't fancy, but there's space to work with! Animals are permitted, and the small paddock out back will need repairs. Enjoy a country setting approximately an hour from the beaches! Sold as-is, with updates and repairs needed. No roof leaks are reported; roof replacement is needed due to its age to obtain insurance. Bring your vision--the land and possibilities are already here!

6049 Co Hwy 1087, Defuniak Springs
137 Adams Way, Defuniak Springs
$165,000
4 Beds ⋅ 3 Baths ⋅ 1013359 MLS
THIS is the foreclosure opportunity you have been looking for! Tucked away on approximately 2 acres just off Bob Sikes Road, this two story home brings the SPACE with approximately 2,289 square feet, 4 bedrooms, 3 bathrooms, and a bonus room. Need an office? Playroom? Second living area? Hobby room? You have options! Add front and back porches and plenty of room to spread out, and it is easy to start imagining what this property could become. Now, is she perfect? Nope. She needs some love, and that is exactly where the opportunity begins. Bring your ideas, your vision, and probably your favorite contractor, because this one is ready for a comeback. It has the location, the character, and the space. Now all it needs is someone willing to roll up their sleeves and bring it back to life. **You have been asking where these properties are hiding. Well, HERE YOU GO!**

137 Adams Way, Defuniak Springs
69 Windy Hill Dr, Defuniak Springs
$310,000
4 Beds ⋅ 2 Baths ⋅ 1013355 MLS
Welcome to 69 Windy Hill Dr, located in the desirable Magnolia Lake Estates. This spacious two-story home offers 4 bedrooms and 2.5 baths with a functional layout designed for everyday living. The main level features a formal dining room and a bright, open kitchen with white cabinetry, granite countertops, stainless steel appliances, and ample storage. Upstairs, you'll find all bedrooms, including a generously sized primary suite. Enjoy community amenities including access to Magnolia Lake, a fishing dock, and pavilion. Conveniently located near town while still offering a peaceful neighborhood setting--this home is a great opportunity in a sought-after community.

69 Windy Hill Dr, Defuniak Springs
112 Pansy Ln, Defuniak Springs
$60,000
2 Beds ⋅ 2 Baths ⋅ 1013349 MLS
Investor special in a growing area with no HOA! Surrounded by newer construction homes and recently installed mobile homes, this property offers excellent potential for renovation. Situated on a spacious lot with strong upside in an improving area. Ideal opportunity for investors looking to bring new life to the property or add to their rental portfolio. Property will require clean-out and significant repairs. Cash buyers only. Sold as-is.

112 Pansy Ln, Defuniak Springs
176 Country Manor Rd, Defuniak Springs
$259,000
3 Beds ⋅ 3 Baths ⋅ 1013347 MLS
Your address says downtown. Your backyard says otherwise. Set on .64 acres in one of DeFuniak Springs' most desirable neighborhoods, this fully remodeled home pairs in-town convenience with a street that feels wonderfully country. Well-kept homes, mature trees and bike rides set the scene; the huge, mostly fenced yard gives you room to garden, entertain, or maybe finally get the kids that puppy! Inside, a dramatic stone fireplace and broad hearth give the living room real warmth. The deep set window seat invites you to sit and watch the world pass by for just a spell. The formal dining room makes dinner an occasion, while the kitchen's crisp white cabinetry and generous pantry storage keep everyday life organized. Abundant linen cabinets, a practical layout, and a wide staircase with low risers show how much the little details matter when it comes to comfort. The updates are already done: a new roof installed May 2026, brand-new windows and flooring, and fresh paint. New 2026 Hot water heater and well maintained 2015 HVAC. A private deep well supplies the home, so there's no municipal water bill. Enjoy shopping, dining and everyday services close by, plus a community calendar filled with farmers markets, arts and craft fairs and the holiday festivals we are well known for! Proximity to Bob Sykes provides a quick and easy commute to Eglin Airforce Base. 30 minutes to beaches! Let the town bustle nearby. Here, there are dinners to linger over and room to dream.

176 Country Manor Rd, Defuniak Springs
600 Squirrel Rd, Defuniak Springs
$330,000
4 Beds ⋅ 2 Baths ⋅ 1013308 MLS
Welcome to 600 Squirrel Road, where a newer home has been thoughtfully transformed with warmth, personality and practical upgrades inside and out. This 4-bedroom, 2-bath home offers 1,773 square feet with an open living, dining and kitchen layout designed for everyday life and gathering. Since purchasing the home, the sellers have added layers of character that set it apart. Updated and additional lighting throughout the kitchen, dining area and baths includes pendant lighting over the island and a custom dining fixture, while mid-century modern accent paneling brings architectural interest to the dining room and one bedroom. The kitchen has been enhanced with open shelving, soft-close cabinet hinges and an RO water system. Built-in bench seating adds both charm and hidden storage, while additional cabinetry and shelving in the laundry room and primary bath create useful storage where it matters most. Additional improvements include fresh paint, updated guest fixtures, a glass shower door in primary bath, additional electrical work and a fully fenced yard. Outside may be one of the home's best surprises. A concrete patio and pergola covered in mature jasmine create an inviting outdoor living space surrounded by gardens designed to be enjoyed rather than simply looked at. Pollinator-friendly garden beds are joined by jasmine and honeysuckle along with fruiting orange, fig and peach trees, blueberries, blackberries and lemon, creating a backyard that feels established, personal and alive. The lifestyle extends beyond the property. Nearby Cat Island Park and Juniper Lake offer opportunities for paddle boarding, biking, walks and picnics by the water. Head into historic downtown DeFuniak Springs to shop for local goods at 9th Street Market, bike around Lake DeFuniak, visit the library, stop at Perla for coffee and a pastry, or spend an evening playing games at Last Stop Brew Vault with dinner from nearby Iron & Grape. 600 Squirrel Road offers something difficult to recreate in a newer home: the ease of a modern floor plan combined with the gardens, details, storage and personality that take time and care to create. The work has already been done and this one is ready to feel like home.

600 Squirrel Rd, Defuniak Springs
32 Constitution Ave Unit A-B, Defuniak Springs
$349,500
4 Beds ⋅ 2 Baths ⋅ 1013264 MLS
Turnkey Investment Opportunity - Modern Side-by-Side Duplex! Whether you are looking to expand your investment portfolio or ''house hack'' by living in one side and renting out the other, this beautifully updated side-by-side duplex delivers the perfect combination of style, comfort, and cash-flow potential. Each identical unit features a thoughtful 2-bedroom, 1-bathroom layout designed for low-maintenance, high-efficiency living: Modern Interiors: Stylish, durable Low-Maintenance Luxury Vinyl Plank (LVP) flooring flows throughout the living spaces, pairing timeless aesthetic with easy cleanup. Kitchen: Outfitted with sleek granite countertops, high-end stainless steel appliances, and ample cabinetry space for storage. In-Unit Laundry: Convenience is key--each unit comes fully equipped with its own washer and dryer. Year-Round Comfort: Stay comfortable in every season with central heating and air conditioning. Spacious Bedrooms: Bright, comfortable bedrooms with great closet space, paired with a well-appointed full bathroom. Located close to local shopping, dining, and main commuter routes, this property offers strong rental demand and hassle-free management. Don't miss out on this rare, fully equipped turn-key income property--schedule your private tour today!

32 Constitution Ave Unit A-B, Defuniak Springs
816 Caswell Rd, Defuniak Springs
$130,000
3 Beds ⋅ 2 Baths ⋅ 1013251 MLS
Opportunity in DeFuniak Springs! This 3-bedroom, 2-bath manufactured home sits on approximately 1 acre, offering plenty of room to enjoy the outdoors and make the property your own. The home offers 1,152 square feet of living space and is ready for a new owner to bring their vision and personal touches. Conveniently located just minutes from US-331 and downtown DeFuniak Springs. Whether you're looking for a primary residence or an investment opportunity, this property offers plenty of potential. Schedule your showing and come see the possibilities! Opportunity in DeFuniak Springs! This 3-bedroom, 2-bath manufactured home sits on approximately 1 acre, offering plenty of room to enjoy the outdoors and make the property your own. The home offers 1,152 square feet of living space and is ready for a new owner to bring their vision and personal touches. Conveniently located just minutes from US-331 and downtown DeFuniak Springs. Whether you're looking for a primary residence or an investment opportunity, this property offers plenty of potential. Schedule your showing and come see the possibilities!

816 Caswell Rd, Defuniak Springs
52 E Orange Ave, Defuniak Springs
$145,000
2 Beds ⋅ 1 Baths ⋅ 1013111 MLS
Are Looking for affordable living in North Walton County? This might be the perfect place to call home. This two bed room one bath cottage is nestled a historic district of DeFuniak Springs and is within walking distance of downtown shopping, restaurants, and Lake DeFuniak. Just off Hwy 331 S, you are within an hour of South Walton and some of the most beautiful beaches in the world.

52 E Orange Ave, Defuniak Springs
248 Redd Ln, Defuniak Springs
$205,000
1 Beds ⋅ 1 Baths ⋅ 1013048 MLS
If you've been dreaming of a little more space and a lot more freedom, this one is pretty special. Tucked away on 4.15 acres, this charming 1-bedroom, 1-bath home offers a simple, easy lifestyle with plenty of room to dream beyond the front door. The home itself is cozy, bright and comfortable--perfect as a primary residence, weekend getaway or home base for someone who would rather have land than rooms they don't use. And the land? That's where this property really shines. With 4.15 acres, there's room for the boat, RV, garden, workshop, outdoor entertaining space--or simply a whole lot of peace and quiet. Morning coffee outside. Dogs with room to roam. Bonfires under the stars. Space for your toys and projects without feeling boxed in by your neighbors.

248 Redd Ln, Defuniak Springs
32 Josephine St, Defuniak Springs
$149,900
3 Beds ⋅ 2 Baths ⋅ 1012865 MLS
This is an excellent investor opportunity or a low cost home purchase option. This property is currently rented by a long term renter on a month to month basis. Zoning is Urban Residential. Buyer to verify all pertinent facts and measurements. Do not use Showing Time. Please call the agent for a showing appointment. Since this property is occupied by a renter, 24 hours of notice is required.

32 Josephine St, Defuniak Springs
18 Josephene St, Defuniak Springs
$149,000
3 Beds ⋅ 2 Baths ⋅ 1012845 MLS
This is an excellent investor opportunity or a low cost home purchase option. This property is currently rented by a long term renter on a month to month basis. Zoning is Urban Residential. Buyer to verify all pertinent facts and measurements. Do not use Showing Time. Please call the agent for a showing appointment. Since this property is occupied by a renter, 24 hours of notice is required.

18 Josephene St, Defuniak Springs
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