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    2870 NW 87Th Ave Wildwood, FL 34785

    View on Map
    Sponsored
    For Sale
    $3,200,000

    Ranch, Farm - WILDWOOD, FL

    Type:Farm
    Property size:
    4,647 SF
    Lot size:
    8.17 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 27 at 9:06 am

    Property Features for 2870 NW 87Th Ave

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Security features
    Security Gate, Security Lighting, Security System
    Zoning
    AG
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Great Room, Kitchen
    Bedrooms
    4
    Bathrooms
    5
    APN
    C31B032
    Parking features
    Carport, Garage, Garage - Attached
    Pets allowed
    Yes
    Pool private
    1
    Interior features
    Cathedral Ceiling(s), Eat-in Kitchen, High Ceilings, Open Floorplan, Primary Bedroom Main Floor, Stone Counters
    Exterior features
    Lighting, Outdoor Grill, Outdoor Kitchen, Private Entrance, Pool, Security Lights
    Fencing
    Gate
    Fireplace
    1
    Appliances
    Dishwasher, Microwave, Range, Washer
    Size
    4,647 SF
    Lot size
    8.17 Acres

    Taxes and HOA fees

    Expense value
    118.33000183105
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Utilities

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

    Building Details

    Year built
    2016
    Flooring type
    Vinyl
    Building materials
    Block, Brick
    Roof type
    Metal
    Architectural style
    Ranch
    Additional Structures
    Outdoor Kitchen

    We can help!

    Listing Contact
    Tammy Jo Gaylord

    Charles Rutenberg Realty, Inc

    Listing agent Tammy Jo Gaylord License #3317540

    Listing date Mar 24, 2026

    MLS# OM721309 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

    Farmhouse Estate in Gated Equestrian Community

    Located in the Preserves at Oak Hill, a gated equestrian community, this farmhouse estate is situated on 8.17 fully fenced acres at the end of a quiet cul-de-sac. The updated residence offers 4,647 square feet of living space and over 7,700 square feet under roof. The interior features soaring ceilings, rich wood, luxury vinyl plank flooring, and a floor-to-ceiling brick fireplace. Natural light fills the home. The chef’s kitchen includes granite countertops, custom cabinetry, an expansive island, and a walk-in pantry. A dedicated office and an upstairs loft featuring bonus room provide flexible living options. The layout includes 4 bedrooms, 4 full baths, and a half bath, including a Jack-and-Jill suite. The primary suite features a custom walk-in closet and a private walk-in safe room with custom wood interior. The primary bathroom offers an oversized walk-in shower with dual shower heads. The exterior showcases custom brickwork with white mortar joints. The property includes a custom pool with a beach entry, water slide, and spa, surrounded by paver decking and seating areas. There is a dedicated pool bath, an outdoor kitchen and bar, and a covered lanai with a custom wood ceiling, roll-down screens, and wood-burning fireplace. An integrated indoor and outdoor Bose sound system enhances the atmosphere. The property also includes a 3,480 square foot barn and workshop with epoxy floors, built-in workbenches, loft storage, and three oversized bay doors. A 500 gallon gasoline tank is on site. The property is located minutes from I-75, the Florida Turnpike, The Villages, and a short drive to the World Equestrian Center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Law Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Wildwood
    County
    Sumter
    State
    Florida
    Longitude
    -82.151741
    Latitude
    28.883067

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    FAQs

    What type of property is this?
    Farm - Private farmhouse estate on 8.17 acres in equestrian community.
    Where is this farm located?
    The property is located at 2870 NW 87Th Ave Wildwood, FL.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: - Prestigious gated equestrian community (Preserves at Oak Hill) with riding trails and community stables.; - 8.17 acre, fully fenced and gated private estate featuring a resort-style pool with beach entry, slide, and spa, plus an outdoor kitchen and covered lanai.; - Recently updated 4,647 sq ft farmhouse with high-end finishes, open floor plan, and abundant natural light.
    (352) 344-8700
    Request Owner's contact information
    2870 NW 87Th Ave Wildwood, FL 34785
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    Wildwood, FL 34785
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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
    2870 NW 87Th Ave Wildwood, FL 34785
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    Listing Contact
    Tammy Jo Gaylord
    Real Estate License ID: 3317540
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