Spring Lake Estates
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
Homes listed or recently sold were built 1994–2020; none of the 3 geocoded homes sit in a FEMA special flood hazard zone (median elevation 164 ft). As of October 2026, the MLS records 26 closed sales in Spring Lake Estates in DeFuniak Springs, FL since 2002, 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 | 60 (FL DOR 2025 assessment roll) |
| Years built | 1915–2024 (median 1994.5) |
| Typical living area | 2,424 sq ft (median) |
| Amenities listed by sellers | Boat Launch, Dock, Fishing, Picnic Area, Pavillion/Gazebo, Short Term Rental - Not Allowed |
| For sale right now | 0 active, 0 pending |
| Owner-occupied (homestead) share | 82% |
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, “SPRING LAKE ESTATES key facts,” movewithmomentum.com/neighborhoods/spring-lake-estates, data as of September 20, 2026.
Last 30 days in Spring Lake Estates: 1 new listing (median asking $640,000). As of October 2, 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.
Spring Lake Estates is a thin market right now: one active listing and only a couple of closings in the recent window. In a community this small, price is set by the individual property in front of you — its condition, lot, and finish level — not by a broad comparable set. There is no reliable pattern to lean on, so each transaction effectively writes its own comp.
For a buyer, that means the asking price deserves scrutiny on its own merits rather than against a deep bench of sales. For a seller, it means you are often the only game in town on a given day, which can help — but with few recent closings to anchor an appraisal, pricing and documentation carry more weight than usual.
The 60-Second Overview
Spring Lake Estates is a small community in DeFuniak Springs, in Walton County, where thin inventory means the market moves listing by listing rather than as a herd.
Emerald Coast MLS sales records identify 19 homes in SPRING LAKE ESTATES that have changed hands since 2002, built between 1982 and 2024 (median 1994), with a median living area of about 2,192 sq ft and a typical 3-bedroom, 2.5-bath layout; 100% 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.
County records show 3 qualified sales in SPRING LAKE ESTATES across 2024–2025 (2 in 2024, 1 in 2025), median $535,000 — 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.
The setting & the homes.
Aerial and on-site photos of Spring Lake Estates. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Spring Lake Estates
Spring Lake Estates
Spring Lake EstatesPhotos from Emerald Coast MLS listings in Spring Lake Estates; content deemed reliable but not guaranteed.
Who Spring Lake Estates is best for.
Best for
- Buyers who have zeroed in on a particular home and want it evaluated on its own merits
- Patient buyers comfortable waiting for the right listing in a low-inventory market
- Sellers who want to price and document carefully where recent comps are thin
Probably not for
- Buyers who need several options to compare before committing
- Buyers who want a community with shared amenities on site
- Buyers who need a deep set of recent sales to feel confident on value
The market around Spring Lake Estates
Spring Lake Estates 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 Spring Lake Estates specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in SPRING LAKE ESTATES, 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 Spring Lake Estates
Live MLS inventory for Spring Lake Estates. 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 Spring Lake Estates listings as of 2026-10-01, 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 Spring Lake Estates Right Now (1)
All 1 active and pending Spring Lake Estates listings with a detail page, newest first, refreshed twice a day from the MLS.
- 2272 Spring Lake Road · $640,000 · 4 bd / 2.5 ba · listed Sep 29, 2026 · listed by Merrifield & Pilcher Realty
Spring Lake Estates on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Emerald Coast MLS. Map data © OpenStreetMap, tiles © CARTO.
Schools
- Walton County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- West Defuniak · Elementary
- Walton · Middle
- Walton · High
Zoned schools reflect the assignments reported on recent Spring Lake Estates 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 Spring Lake Estates address.
Shop the zone: Homes zoned for Walton High School
The Spring Lake Estates buying strategy.
If we were buying in Spring Lake Estates 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 Spring Lake Estates.
A listing-by-listing market
With a single active listing and just two recent closings, there is not enough volume here to talk about trends, averages, or momentum in any honest way. What you can evaluate is the specific home: its condition, its lot, and how its price holds up against properties in the wider DeFuniak Springs area. That is the right frame for a market this quiet.
No community amenities surface from current MLS listings, so the appeal here rests on the individual property and its DeFuniak Springs location rather than on shared facilities. Buyers who need an amenity package should confirm what a specific home and its lot actually offer before assuming anything.
The location and the amenities are priced into every listing in Spring Lake Estates. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
Thin markets are where good brokerage earns its keep. With few comparables to lean on, we build the case for value from the property itself and from the wider DeFuniak Springs area, and we prepare for the appraisal challenges that come with sparse recent sales. Whether you are buying the one available home or preparing to be the only listing on the market, we price and document with that reality in mind.
Spring Lake Estates 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 Spring Lake Estates 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 Spring Lake Estates sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Spring Lake Estates, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Spring Lake Estates home worth?
Get a no-obligation home value based on real comparable sales in Spring Lake Estates, 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 SPRING LAKE ESTATES
Homes in SPRING LAKE ESTATES 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. 5 on record.
- 54262 Spring Lake Drive · off market
- 55056 Yellow Jacket Drive · off market
- 55214 Yellow Jacket Drive · off market
- 55398 Deer Run Road · off market
- 55592 Deer Run Road · off market
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.
22% 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 (2026-10-02).
Frequently Asked Questions
How many homes are in Spring Lake Estates?
What share of Spring Lake Estates is owner-occupied?
When were the homes in Spring Lake Estates built?
Who is the best real estate agent for Spring Lake Estates?
How do I find a top DeFuniak Springs real estate agent who knows Spring Lake Estates?
Can Momentum Realty connect me with an agent for Spring Lake Estates?
Where is Spring Lake Estates, and what county is it in?
Should you buy in Spring Lake Estates?
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 2002 (26 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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See how SPRING LAKE ESTATES fits the bigger picture — live prices, inventory, and Momentum Scores:
Nearby Communities
Explore more neighborhoods near Spring Lake Estates with Momentum Realty’s local guides.