Lakewood Plantations
Homes for Sale in DeFuniak Springs, FL

Lakewood Plantations is a 156-home community in DeFuniak Springs with a modest median footprint around 1,528 square feet and a mix of eras rather than a single builder look. Just over half the homes carry a homestead exemption, which tends to slow turnover and keep resale inventory measured.

Emerald Coast MLS sales records identify 7 homes in LAKEWOOD PLANTATIONS that have changed hands since 2003, built between 1990 and 2018 (median 1996), with a median living area of about 1,342 sq ft and a typical 3-bedroom, 2-bath layout. 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.

County records show 8 qualified sales in LAKEWOOD PLANTATIONS across 2024–2024, median $185,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

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.

Lakewood Plantations 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 Lakewood Plantations specifically. Momentum Research analysis of MLS records.

The defining fact here is age diversity. Homes date from 1963 through 2024, and the median living area near 1,528 square feet points to right-sized, single-story living rather than large-footprint construction. Expect to shop across meaningfully different construction standards, and budget your inspection attention accordingly — the difference between a 1960s original and a recent build is the whole conversation.

No shared amenities were identified from current MLS listings, so this is not an HOA-amenity play. Value comes from the individual home and its DeFuniak Springs, Walton County location. A homestead share just above 52% suggests a good portion of these are held as primary residences, which typically means fewer listings hit the market at once and less churn than an investor-heavy pocket.

In a community this varied, the median tells you almost nothing about the house in front of you. We price and evaluate on the specific structure — its age, systems, and condition — instead of leaning on a neighborhood average that blends six decades of construction. That's the difference between overpaying for a dated home and walking past an updated one that was actually fairly priced.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.