266 Leonardo Lane

• Nine Homes on Nine Separate Lots
Every home sits on its own platted lot of roughly a third of an acre, with its own address and its own water meter. A new owner can keep all nine together, refinance them, or sell homes off one at a time down the road.
• Park-Owned Homes, Mostly 3 Bed/2 Bath
All nine homes are owned by the park. Seven are 3x2s, 335 is a 2/1.5, and 334 is a 2/1. Rents run $900 to $1,100 a month, and homes this size draw families who tend to stay put. 266 Leonardo was fully remodeled in October 2025.
• Income Growth Already Lined Up
Seven homes are rented today, bringing in $80,400 a year. 338 Leonardo is finished with a tenant waiting at $1,100 a month, which takes gross income to $93,600. 334 Leonardo is the next home to turn and adds roughly $11,000 to $12,000 a year once it’s renovated and leased.
• Tenants Pay All Utilities
Residents pay their own city water and Chelco power, and every home is metered separately. Three homes have their own septic system and the other six share in pairs. No master utility bills land on the owner.
• DeFuniak Springs Location
DeFuniak Springs is the Walton County seat, right off I-10, with the Emerald Coast beaches and jobs a short drive south.