Imperial Lakes
Homes for Sale in DeFuniak Springs, FL
All 213 homes for sale in DeFuniak Springs, FL · median $249,490 · 170 homes for sale in 32433 · Walton County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Emerald Coast MLS
As of October 2026, the MLS records 11 closed sales in Imperial Lakes 2 in DeFuniak Springs, FL since 2003, the most recent in May 2026. Across DeFuniak Springs as a whole, 93 homes closed in the last 12 months at a median of $195,000, 100 median days on market, with 41 homes for sale today. At that median and Walton County's FY2025-26 rate of 9.758 mills, annual property tax runs about $1,900 ($1,520 with the full homestead exemption).
| Location | DeFuniak Springs, Walton County, FL · ZIP 32433 |
|---|---|
| Homes in the community | 37 (FL DOR 2025 assessment roll) |
| Years built | 1970–2023 (median 1998) |
| Typical living area | 1,242 sq ft (median) |
| Amenities listed by sellers | Fishing |
| For sale right now | 0 active, 0 pending |
| Owner-occupied (homestead) share | 42% |
Data as of September 20, 2026. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “IMPERIAL LAKES 2 key facts,” movewithmomentum.com/neighborhoods/imperial-lakes-2, data as of September 20, 2026.
Imperial Lakes 2 is a small pocket in DeFuniak Springs, and with no community amenities identified from current MLS listings, price here is driven by the homes themselves — lot, size, condition, and how recently the mechanicals and finishes have been touched — rather than by any shared feature you're paying to access. That's a straightforward market to read: what you see in the house is what you're valuing.
For buyers, that means condition is the whole conversation. There's no amenity premium baked into the number, so a well-kept home and a deferred-maintenance home in the same subdivision can sit far apart on price. For sellers, the takeaway is the same in reverse — presentation and updates carry more of the weight here than location perks, because there aren't amenity perks doing the selling for you.
Nearby homes for sale
No active listings inside IMPERIAL LAKES 2 right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
A modest DeFuniak Springs subdivision in Walton County with no HOA-style amenities identified from current listings, so value tracks the individual house rather than any community draw.
Emerald Coast MLS sales records identify 14 homes in IMPERIAL LAKES that have changed hands since 2007, built between 1989 and 2025 (median 2014), with a median living area of about 1,188 sq ft and a typical 3-bedroom, 2-bath layout; 64% are single-family homes. Source: Emerald Coast MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
Who Imperial Lakes is best for.
Best for
- Buyers focused on the home itself and comfortable doing thorough due diligence on condition
- Buyers who want to avoid amenity-driven carrying costs
- Buyers seeking a smaller Walton County subdivision within DeFuniak Springs
Probably not for
- Buyers who want a pool, gate, clubhouse, or other shared amenities
- Buyers who prefer a turnkey home and won't budget for updates or repairs
- Buyers expecting an amenity-rich, master-planned community feel
The market around Imperial Lakes
Imperial Lakes is too small for its own price trend, so here is the market around it.
In ZIP 32433, 207 homes are on the market and 18% are under contract — a steady corner of DeFuniak Springs.
Across Walton County, 3,174 homes are active and 698 pending (18% under contract).
In ZIP 32433 (DeFuniak Springs), 189 homes closed in the last 12 months at a median of $208K, down 2.5% year over year, with a median 89 days on market. Right now 69 active and 18 pending listings put supply at about 6.8 months — a buyer's market. See the live ZIP 32433 housing market and the Walton County market.
ZIP and county figures describe the wider market, not Imperial Lakes specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in IMPERIAL LAKES 2, DeFuniak Springs
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
The Imperial Lakes buying strategy.
If we were buying in Imperial Lakes today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Imperial Lakes.
A house-by-house market
Because nothing in the current MLS data points to community amenities, Imperial Lakes 2 behaves like a collection of individual homes rather than a lifestyle package. There's no pool, gate, or clubhouse fee shaping the numbers, which keeps carrying costs simpler but also means each listing has to stand on its own condition and lot.
Practically, that puts the burden on due diligence. Walk the home, check the roof, HVAC, and systems, and compare like-for-like on updates before you weigh one property against another. In an amenity-driven community you can lean on shared value; here you can't, so the inspection and the finishes tell you almost everything.
The location and the amenities are priced into every listing in Imperial Lakes. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a small DeFuniak Springs subdivision where value comes down to the individual home, our job is to compare condition honestly and price to the house in front of you — not to a glossy community story that isn't there. We know Walton County, we read these listings for what they actually are, and we'll tell you plainly when a given home is or isn't worth the number.
Imperial Lakes in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Imperial Lakes buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Imperial Lakes sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Imperial Lakes, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Imperial Lakes home worth?
Get a no-obligation home value based on real comparable sales in Imperial Lakes, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in DeFuniak Springs →
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Walton County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Walton County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
Frequently Asked Questions
How many homes are in Imperial Lakes?
What share of Imperial Lakes is owner-occupied?
When were the homes in Imperial Lakes built?
Who is the best real estate agent for Imperial Lakes?
How do I find a top DeFuniak Springs real estate agent who knows Imperial Lakes?
Can Momentum Realty connect me with an agent for Imperial Lakes?
Where is Imperial Lakes, and what county is it in?
Should you buy in Imperial Lakes?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Emerald Coast MLS, refreshed twice daily (last: October 1, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (1 streets, ZIP 32433)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2003 (11 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Emerald Coast MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Emerald Coast MLS member average and 8 days faster, and we’ll price yours against live local comps.
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See how IMPERIAL LAKES 2 fits the bigger picture — live prices, inventory, and Momentum Scores:
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