Paradise Island
Homes for Sale in DeFuniak Springs, FL
All 206 homes for sale in DeFuniak Springs, FL · median $251,400 · 109 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 September 2026, Paradise Island in DeFuniak Springs, FL has 1 home for sale. As of September 2026, the MLS records 36 closed sales in Paradise Island in DeFuniak Springs, FL since 2002, the most recent in December 2025. 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 | 54 (FL DOR 2025 assessment roll) |
| Years built | 1968–2024 (median 1990.0) |
| Typical living area | 1,374 sq ft (median) |
| Amenities listed by sellers | Fishing |
| For sale right now | 1 active, 0 pending · median asking $349,900 · 12.0 months of supply |
| Owner-occupied (homestead) share | 52% |
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, “PARADISE ISLAND key facts,” movewithmomentum.com/neighborhoods/paradise-island, data as of September 20, 2026.
Paradise Island sits in DeFuniak Springs, inland Walton County, and the median here lands at $206,000 — well below the coastal price points people associate with this county. With no amenity package identified in the current MLS data, price is driven by the homes themselves: lot, size, and condition do the talking, and the spread from one property to the next can be wide.
The market posture is thin but not stale. One active listing against a median of 30 days on market tells you inventory clears at a normal pace when it is priced right, but there is almost nothing to choose from at any given moment. For a buyer, that means patience and readiness to move; for a seller, it means realistic pricing against genuine comps, not aspiration.
Paradise Island right now
🟢 Buyer-leaning market. 12.0 months of supply and 0% of the inventory already under contract give buyers above-average negotiating leverage.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of Emerald Coast MLS records, as of September 20, 2026. Confidence: Low (1 active and pending listings, 1 closed sales in 12 months).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated September 28, 2026 · Live data: Emerald Coast MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
This is an inland Walton County pocket where value is set by the individual home rather than shared amenities, and where listings are scarce enough that timing matters more than usual.
Emerald Coast MLS sales records identify 21 homes in PARADISE ISLAND that have changed hands since 2004, built between 1968 and 2017 (median 1988), with a median living area of about 1,386 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 PARADISE ISLAND across 2024–2025 (6 in 2024, 2 in 2025), median $249,700 — 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.
Who Paradise Island is best for.
Best for
- Value-focused buyers targeting a purchase around the low-$200s in inland Walton County
- Buyers who can act decisively when the right listing appears in a low-inventory market
- Owners looking for a straightforward home and lot rather than a shared-amenity community
Probably not for
- Buyers who want an amenity-rich community with shared facilities
- Shoppers who need many active listings to compare side by side before deciding
- Anyone set on coastal Walton County proximity and pricing
The market around Paradise Island
Paradise Island 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 Paradise Island specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in PARADISE ISLAND, 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.
Homes For Sale Right Now in Paradise Island
Live MLS inventory for Paradise Island. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending Paradise Island listings as of 2026-09-28, priced high to low. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Tap any home to ask about it.
Every Home for Sale in Paradise Island Right Now (1)
All 1 active and pending Paradise Island listings with a detail page, newest first, refreshed twice a day from the MLS.
- 854 Paradise Island Drive · $349,900 · 3 bd / 2 ba · listed Aug 10, 2026 · listed by Southern Choice Properties Llc
Schools
- Walton County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Maude Saunders · Elementary
- Walton · Middle
- Walton · High
Zoned schools reflect the assignments reported on recent Paradise Island listings and can change; always confirm with Walton County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Paradise Island address.
Shop the zone: Homes zoned for Walton High School
The Paradise Island buying strategy.
If we were buying in Paradise Island 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.
Use your leverage. With inventory sitting, there is room to negotiate on anything dated or overpriced and to ask for repairs or a rate buydown.
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 Paradise Island.
An inland value pocket with thin supply
The headline number to hold onto is the $206,000 median — that is the one price figure the data supports, and it frames Paradise Island as an entry point relative to Walton County's coastal reputation. Because no community amenities show up in current listings, you are buying the house and the land, not a lifestyle package, so condition and finish level should drive your read on any given property.
With only a single active listing and just a handful of recent closings behind the 30-day median, this is a low-volume market. Comps are limited, which cuts both ways: a well-prepared seller faces little competition, and a serious buyer needs to be positioned to act rather than waiting for a deep menu of options.
The location and the amenities are priced into every listing in Paradise Island. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a market this thin, the value is in reading each home on its own merits and pricing against a short list of real comps rather than guesswork. We track Paradise Island and the surrounding DeFuniak Springs market closely, so we can tell you quickly whether a listing is fairly priced and whether it is worth moving on now.
Paradise Island 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 Paradise Island 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 Paradise Island sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Paradise Island, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Paradise Island home worth?
Get a no-obligation home value based on real comparable sales in Paradise Island, 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 →
Recently off market in PARADISE ISLAND
Homes in PARADISE ISLAND that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 1 on record.
- 834 Paradise Island Drive · off market
20% of homes for sale in ZIP 32433 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-28).
Frequently Asked Questions
Is Paradise Island a buyer's or seller's market right now?
How many homes are in Paradise Island?
What share of Paradise Island is owner-occupied?
When were the homes in Paradise Island built?
Who is the best real estate agent for Paradise Island?
How do I find a top DeFuniak Springs real estate agent who knows Paradise Island?
Can Momentum Realty connect me with an agent for Paradise Island?
Where is Paradise Island, and what county is it in?
Should you buy in Paradise Island?
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: September 28, 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 2002 (36 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.
Looking to buy here? Search homes for sale →
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A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how PARADISE ISLAND fits the bigger picture — live prices, inventory, and Momentum Scores:
Nearby Communities
Explore more neighborhoods near Paradise Island with Momentum Realty’s local guides.