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    7000 Highway 320 NW Micanopy, FL 32667

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    For Sale
    $3,980,000

    Exceptional equestrian estate with high-end amenities and resort-style living.

    Property size:
    6,100 SF
    Lot size:
    63.05 Acres

    Property Features for 7000 Highway 320 NW

    General Information

    Standard status
    Active
    Size
    6,100 SF
    Lot size
    63.05 Acres
    Exterior features
    Pool, Metal, Full, Security Fenced Yard, Cross Fenced, Board Fence, Wire, Wood, Patio, Balcony, Covered, Parking. Storage Area. Spa. Waterfront. Fenced Yard., 6 Garage Spaces. 3 Carport Spaces. Street Parking, Golf Cart Parking, Golf Cart Parking, Covered, Guest Parking, Driveway, Circular Driveway., Stone, Fiber Cement, Trees/Woods, Rolling Slope, In-ground, Heated, Gunite, Other, Pond, Water Front, Exterior Lighting, Dog Run, Security Lighting, Extra Storage. Rolling Slope, Asphalt, Paved Road, Pasture.
    Interior features
    Central Air, A/C - Zone, Ceiling Fan(s), 3, Ceramic Tile, Carpet, Travertine, Washer, Indoor Grill, Dryer, Wine Refrigerator, Microwave, Range, Oven Built-in, Refrigerator, Range Hood, Stone Counter Top, High Ceiling, Water Softener, Walk-in Closets, Window Treatment, Crown Molding, Cathedral/vaulted Ceiling, Open Floor Plan, Wet Bar, Closed Circuit TV, Security System, Security Gate, Garage Secured

    Building Details

    Year built
    2008

    We can help!

    Listing Contact
    Rhonda Gailey
    Rhonda Gailey
    Source: Xome

    Listing Agency: GAILEY ENTERPRISES REAL ESTATE Listing Agent: Rhonda Gailey

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Ultra-Luxury Equestrian Estate on 63 Acres

    This ultra-luxury equestrian estate spans 63 acres, offering a blend of architecture, equine amenities, and resort-style living. The custom-built home features soaring ceilings, exposed beams, and an Onyx fireplace. The residence includes high-end finishes and seamless indoor-outdoor living, with views of pastures. Gigabit Fiber Internet, WiFi, PoE Security Cameras, and a whole-home generator are in place. The property is equipped with a gourmet chef’s kitchen, a spa-inspired primary suite, and covered verandas. Equestrian facilities include 12 custom stalls with mattress systems, climate-controlled tack and feed rooms, an office, and a two-bedroom apartment. A fenced 100 x 200 GGT arena features premium footing and irrigation. Multiple paddocks and pastures are fenced with grazing areas. A European-style 60' round pen also has GGT Footing. There is also a laser-graded dressage arena. Over 2 miles of private riding trails are available. Additional amenities include a resort-style saltwater pool, an outdoor fireplace, and a unique portico. The main residence includes a one-bedroom guest quarters, and there is a designated dog park outside the owner's retreat. An additional 1600 sq. ft workshop is also present. The property is located 25 minutes from WEC and is suitable for private or commercial use.
    Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Real Estate Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Micanopy
    County
    Alachua
    State
    Florida
    Longitude
    -82.237236
    Latitude
    29.439093

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    FAQs

    What type of property is this?
    Horse & equestrian property - Exceptional equestrian estate with high-end amenities and resort-style living.
    Where is this horse & equestrian property located?
    The property is located at 7000 Highway 320 NW Micanopy, FL.
    What is the asking price?
    The asking price for this property is $3,980,000.
    What are key features of this property?
    This property features: - Ultra-luxury equestrian estate on 63 acres, offering privacy and high-end finishes.; - State-of-the-art equestrian facilities: **12 custom stalls, 100 x 200 GGT arena, multiple paddocks, and private riding trails.**; - Custom-built home with **gourmet chef’s kitchen, spa-inspired primary suite, and expansive verandas.**
    (770) 733-2596
    Request Owner's contact information
    7000 Highway 320 NW 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
    7000 Highway 320 NW Micanopy, FL 32667
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    We can help!
    Listing Contact
    Rhonda Gailey
    Rhonda Gailey
    Real Estate License ID: 3395648
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