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    19431 NE 17Th Pl Williston, FL 32696

    Sponsored
    For Sale
    $5,500,000

    Farm, Custom - WILLISTON, FL

    Type:Farm
    Property size:
    2,621 SF
    Lot size:
    69.83 Acres
    Days on Market:
    261
    Last Refresh:
    Feb 13 at 2:06 pm

    Property Features for 19431 NE 17Th Pl

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    A-1
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Great Room, Kitchen
    Bedrooms
    3
    Bathrooms
    3
    APN
    05168-002-00
    Parking features
    Carport, Garage
    Pool private
    1
    Interior features
    Built-in Features, Cathedral Ceiling(s), Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Primary Bedroom Main Floor, Solid Wood Cabinets, Split Bedroom, Walk-in Closet(s), Window Treatments
    Exterior features
    Level, Fencing, Sidewalk, Pool
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Microwave, Range, Refrigerator, Washer
    Size
    2,621 SF
    Lot size
    69.83 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Fireplace(s)
    Cooling system
    Central Air

    Building Details

    Year built
    2003
    Flooring type
    Tile, Wood
    Building materials
    Frame, HardiPlank Type
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Joan Pletcher

    Joan Pletcher, Realtor (352) 347-1777

    Listing agent Joan Pletcher (352) 804-8989 License #0609547

    Listing date May 29, 2025

    MLS# OM679092 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

    Williston Equestrian Facility with Racetrack

    This equestrian facility, set on 69.83 acres, includes a ¾ +/- mile racetrack and is designed for professional trainers, competitive riders, and equine enthusiasts. The property features three barns with a total of 138 stalls. The main barn has 100 stalls equipped with ventilation, along with eight round pens and two sets of three wash racks. An office area is also located in the main barn. The second barn contains 14 stalls and an additional round pen, while the third barn offers 20 stalls. The property also includes tack rooms, feed storage, and a workshop. The main house is a 3-bedroom, 2.5-bath home with stonework and tongue-and-groove ceilings, a resort-style pool, and a pool house with a Wolf range, vent hood, sink, and full bath. There is also a renovated mobile home with modern fixtures, new flooring, updated appliances, and a wrap-around porch. The property is zoned A-1 and is located near the Williston Airport in Williston, Florida.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Building Supply Auto Repair Shop Auto Parts Store Gym & Fitness Center Department Store Pet Store & Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Williston
    County
    Levy
    State
    Florida
    Longitude
    -82.452597
    Latitude
    29.357145

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    FAQs

    What type of property is this?
    Horse & equestrian property - Premier equestrian facility with racetrack, barns, and luxurious living spaces.
    Where is this horse & equestrian property located?
    The property is located at 19431 NE 17Th Pl Williston, FL.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: - Premier equestrian facility featuring a **¾ +/- mile race track** and 69+ acres of lush pastures.; - Fully equipped training facility: **138 stalls, 8 round pens, and multiple wash racks**.; - Luxurious **3-bedroom main house** with modern amenities and a resort-style pool.
    (352) 804-8989
    Request Owner's contact information
    19431 NE 17Th Pl Williston, FL 32696
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    Williston, FL 32696
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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
    19431 NE 17Th Pl Williston, FL 32696
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    We can help!
    Listing Contact
    Joan Pletcher
    Real Estate License ID: 0609547
    (352) 804-8989
    Learn more
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