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    11816 SE County Road 234 Micanopy, FL 32667

    View on Map
    Sponsored
    For Sale
    $3,490,000

    Ranch, Farm - MICANOPY, FL

    Type:Farm
    Property size:
    3,341 SF
    Lot size:
    141.70 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 13 at 2:06 pm

    Property Features for 11816 SE County Road 234

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    A
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Family Room, Kitchen, Living Room, Office
    Bedrooms
    4
    Bathrooms
    4
    APN
    16445-000-000
    Parking features
    Boat, Carport, Covered, Driveway, Garage, Golf Cart, Workshop
    Pets allowed
    Yes
    Interior features
    Cathedral Ceiling(s), Ceiling Fans(s), Eat-in Kitchen, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Walk-in Closet(s), Window Treatments
    Exterior features
    Paved, Fencing, Awning(s), Dog Run, Fire Pit, Kennel
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Cooktop, Dishwasher, Ice Maker, Microwave, Refrigerator, Washer
    Size
    3,341 SF
    Lot size
    141.70 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Fireplace(s)
    Cooling system
    Central Air, Ductless, Multi Units, Wall/Window Unit(s), Window Unit(s)
    Water front features
    Pond, Waterfront
    Water front
    1

    Building Details

    Year built
    1996
    Flooring type
    Parquet Wood, Tile
    Building materials
    Block
    Roof type
    Metal
    Architectural style
    Ranch
    Additional Structures
    Kennel/Dog Run

    We can help!

    Listing Contact
    Jay Rist
    Jay Rist

    RE/MAX Professionals (352) 375-1002

    Listing agent Jay Rist (352) 375-1002 License #3096670

    Listing date Mar 13, 2026

    MLS# GC538206 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Paynes Prairie Ranch Property

    This one-of-a-kind ranch property, available for the first time in 63 years, boasts some of the best hunting in Florida. Bordered on two sides by Paynes Prairie State Preserve, the property benefits from thousands of acres of protected land and wildlife, fostering an enriched ecological environment. Abundant game, including deer, turkey, game birds, bobcat, bear, wild hog, coyotes, and the occasional Florida panther, frequent the property. The land features improved pasture for grazing and hay, timber and hardwood forest, and areas that hold water, including Stafford Pond. Cattle pens are present, and the property is fenced and cross-fenced. Maintained trails provide opportunities to unwind with nature, and several blinds are set up. There are also two target ranges. The property has approximately 2080 feet of paved road frontage. The main homestead, designed and built by architect Frank Frederics, offers 3341 square feet of living space with 4 bedrooms and 3.5 bathrooms, including a detached guest house. Interior wood designs were milled from trees on the property. The home is of block construction with wood interiors, and the homestead compound is completely fenced with multiple outbuildings, including a detached office with AC, an enclosed workshop, a covered open work garage, a carport, a horse stall with turnout paddock, a dog kennel, a vegetable garden area, and fruit trees. The property is divided into two main parcels. The second parcel features a custom 2012 Jacobsen home with 2040 square feet of living space, consisting of 4 bedrooms and 3 baths, currently rented out as an Airbnb. Located minutes from Micanopy and 15 minutes from Gainesville, the property is close to the University of Florida, Santa Fe College, UF Shands Hospital, VA Hospital, major shopping, restaurants, the airport, and hotels. The local area offers excellent freshwater fishing, and the Gulf of Mexico saltwater fishing is just over an hour away. The property spans 141.7 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Micanopy
    County
    Alachua
    State
    Florida
    Longitude
    -82.268451
    Latitude
    29.544514

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    FAQs

    What type of property is this?
    Ranch - Unique ranch property with hunting, grazing, and income potential.
    Where is this ranch located?
    The property is located at 11816 SE County Road 234 Micanopy, FL.
    What is the asking price?
    The asking price for this property is $3,490,000.
    What are key features of this property?
    This property features: - Exceptional Hunting: Bordering Paynes Prairie State Preserve, this property offers some of the best hunting in Florida.; - Architect-Designed Main Homestead: Enjoy a unique 3,341 sq ft home designed by Frank Frederics, featuring 4 bedrooms and distinctive wood designs.; - Income Potential: A second home (2,040 sq ft, 4 bed/3 bath) is currently a successful Airbnb rental.
    (352) 317-0008
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    11816 SE County Road 234 Micanopy, FL 32667
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    Micanopy, FL 32667
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11816 SE County Road 234 Micanopy, FL 32667
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    We can help!
    Listing Contact
    Jay Rist
    Jay Rist
    Real Estate License ID: 3096670
    (352) 317-0008 (352) 375-1002 (352) 472-4472
    Learn more
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