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Walton County agrees to buy Thriftway property for $650,000 after appraisal dispute
Summary
After receiving two appraisals with a midpoint below the purchase price, the board voted to proceed with a $650,000 purchase of the Thriftway property in Defuniak Springs, citing long-term strategic needs near the courthouse.
Walton County commissioners voted unanimously Jan. 14 to approve a purchase agreement for the Thriftway property on Highway 90 for $650,000, overriding staff briefing that showed the midpoint of two required appraisals at $582,500.
Why it matters: The parcel sits adjacent to county-owned properties near the courthouse campus. The board’s purchase intends to preserve space for future county needs — potential parking, relocation of the supervisor of elections or other administrative uses — rather than allowing an investor to hold the land while costs rise.
Background:…
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