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    Updated Farm Near Equestrian Center Title is generated by Realmo AI

    1960 SE 150TH STREET, Summerfield, FL 34491

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    Claim this Listing
    For Sale
    $975,000

    Farm - SUMMERFIELD, FL

    Type:Farm
    Property size:
    3,176 SF
    Lot size:
    7.84 Acres
    Price / SF:
    $306/SF
    Added:
    Aug 5, 2025
    Days on Market:
    287
    Last Refresh:
    May 18 at 10:06 am

    Property Features for 1960 SE 150TH STREET

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Zoning
    A1
    Bedrooms
    4
    Bathrooms
    5
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Family Room, Kitchen, Living Room
    Parking features
    Garage, Garage - Attached
    Pool private
    1
    Interior features
    Cathedral Ceiling(s), Ceiling Fans(s), High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters
    Exterior features
    Paved, Balcony, Lighting, Outdoor Grill, Outdoor Kitchen, Storage, Pool
    Fireplace
    1
    Appliances
    Cooktop, Dishwasher, Microwave, Refrigerator, Washer
    Standard status
    Active
    APN
    44681-004-00
    Size
    3,176 SF
    Lot size
    7.84 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    11072

    Utilities

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

    Building Details

    Year built
    1988
    Flooring type
    Carpet, Laminate, Tile, Tile - Ceramic
    Building materials
    Stucco
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Outdoor Kitchen, Storage

    We can help!

    Listing Contact
    Nancy Tuten
    Nancy Tuten

    Listing agent Nancy Tuten License #3381816

    Listing office SELLSTATE NEXT GENERATION REAL 1720 SE 16th Ave, Ocala, FL

    Listing date Aug 5, 2025

    MLS# OM706652 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.

    HighLights

    • 7.84 acres of picturesque pastureland with grand oaks, gated entrance, and Magnolia‑lined driveway offering privacy and charm.
    • Updated main home (2025) with new roof, high‑efficiency HVAC, fresh paint, modern finishes, and a double‑sided fireplace.
    • Outdoor living space with zero‑entry pool (new filter 2025), outdoor kitchen, spacious patio, and fire pit, ideal for relaxation and entertaining.
    • Guest house, expansive office, and oversized garage connected by a lighted breezeway, providing flexibility for multigenerational living, work from home, or rental income.
    • Equestrian amenities including a three‑stall center aisle barn with tack room.
    • Conveniently located minutes from The Villages, downtown Ocala, and the World Equestrian Center.

    Overview

    This 7.84-acre farm features pastureland shaded by grand oaks, a gated entrance, and a magnolia-lined driveway. A new privacy fence is being installed along the neighboring property. The main home, updated in 2025, includes a new roof, high-efficiency HVAC system, fresh interior and exterior paint, ceramic tile flooring with the look of hardwood, granite countertops, upgraded appliances, and a double-sided fireplace. A lighted breezeway connects the living area to an oversized garage, guest house, and office. The outdoor living space includes a zero-entry pool with a new filter (2025), outdoor kitchen, spacious patio, and fire pit. Additional features include a second garage with two 9’ bay doors, a 50-amp RV hookup, multiple water heaters, dual septic systems, a security system, and energy-efficient upgrades such as a solar-assisted gate and insulated roof trusses. Equestrian amenities include a three-stall center aisle barn with tack room, and an updated guest apartment with washer and dryer. The property is located minutes from The Villages, downtown Ocala, and the World Equestrian Center. The property is zoned A1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Law Firm Auto Repair Shop Hotel & Motel Food Market Grocery & Convenience Store Discount Store Electrical Service Car Rental Facility (Bike/Boat/Book/etc) Store Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Summerfield
    County
    Marion
    State
    Florida
    Longitude
    -82.112396
    Latitude
    29.0024744

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    FAQs

    What type of property is this?
    Farm - 7.84-acre farm with updated home, equestrian amenities, and guest apartment.
    Where is this farm located?
    The property is located at 1960 SE 150TH STREET Summerfield, FL.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: 7.84 acres of picturesque pastureland with grand oaks, gated entrance, and Magnolia‑lined driveway offering privacy and charm.; **Updated main home (2025) with new roof, high‑efficiency HVAC, fresh paint, modern finishes, and a double‑sided fireplace.**; **Outdoor living space with zero‑entry pool (new filter 2025), outdoor kitchen, spacious patio, and fire pit, ideal for relaxation and entertaining.**
    (352) 427-1732
    We can help!
    Listing Contact
    Nancy Tuten
    Nancy Tuten
    Real Estate License ID: 3381816
    Learn More
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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.

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