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    Luxury Dual-Residence Equestrian Estate Title is generated by Realmo AI

    232 Whitestown Road, Harmony, PA 16037

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    For Sale
    $1,850,000

    Turnkey 40-acre estate with dual residences and equestrian facilities.

    Type:Farm-Acreage-Lot / Farm With Residence
    Lot size:
    40.00 Acres
    Added:
    May 5, 2026
    Days on Market:
    29
    Last Refresh:
    May 15 at 11:43 pm

    Property Features for 232 Whitestown Road

    General Information

    Standard status
    Active
    Lot size
    40.00 Acres
    Property subtype
    Farm-Acreage-Lot / Farm With Residence

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Lynne Bingham
    Lynne Bingham

    Listing agent Lynne Bingham License #RS280966

    Listing office HOWARD HANNA REAL ESTATE SERVICES

    Listing date May 5, 2026

    Source Compass

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

    All listing content including descriptions, pricing, images are the copyrighted material of HOWARD HANNA REAL ESTATE SERVICES

    HighLights

    • Rare 40‑acre dual‑residence farm estate in Seneca Valley School District.
    • Turnkey equestrian facilities including a rehabbed barn with three stalls, regulation riding arena, and round pen.
    • Two complete, luxurious residences: a renovated farmhouse with ensuite baths in every bedroom and a newly constructed separate luxury wing with a chef’s kitchen.
    • Resort‑style outdoor living with a stunning pool, large pavilion with Amish furniture, new composite decks and porches, professionally landscaped grounds, and a dramatic cauldron firepit.
    • Fully equipped with premium machinery and equipment.
    • Located in a rising market with low inventory of comparable acreage, presenting a unique investment opportunity.

    Overview

    This dual-residence farm estate spans 40 flat acres within the Seneca Valley School District. The property includes a renovated main farmhouse featuring ensuite baths in every bedroom, two powder rooms, and dual primary suites. The kitchen has been updated and includes dual new ovens, along with a second Thermador kitchen. Modern finishes, new flooring, a Lennox boiler, a tankless hot water heater, a split AC system, and a whole-house fan provide climate control. A newly constructed luxury wing offers a self-contained residence with a chef’s kitchen, living room, and a spa-inspired private suite. Outdoor features include composite decks and porches, board-and-batten siding, landscaped grounds, and mature trees. The entertainment area includes a pool, a pavilion with Amish furniture, aluminum fencing, and a cauldron firepit. Larch pergolas and a metal roof are installed on all structures. Equestrian facilities include a rehabbed barn with three stalls, cemented aisles, hay and sawdust storage, a run-in, commercial-grade GFI electric, and a pasture rotation plan with fencing and gates. A regulation riding arena and round pen are present, along with heated water buckets, an infrared heater, an electric fencer, water troughs, stall mats, a saddle rack, cross ties, and a barn fan. Additional outbuildings include a loafing shed, a garage with RV storage and electric hookup, and a greenhouse with planters. The estate is equipped with machinery including a diesel Club Car, a John Deere mower, a Bad Boy Zero Turn mower, and a Suzuki Eiger Quad with snowplow. All 40 acres are utility-served. Oil and Gas rights convey.
    Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Building Supply Florist

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

    Location Insight

    • Map
    • Local Demand
    City
    Harmony
    County
    Butler
    State
    Pennsylvania
    Longitude
    -80.08754
    Latitude
    40.841607

    FAQs

    What type of property is this?
    Horse & equestrian property - Turnkey 40-acre estate with dual residences and equestrian facilities.
    Where is this horse & equestrian property located?
    The property is located at 232 Whitestown Road Harmony, PA.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: Rare 40‑acre dual‑residence farm estate in Seneca Valley School District.; Turnkey equestrian facilities including a rehabbed barn with three stalls, regulation riding arena, and round pen.; Two complete, luxurious residences: a renovated farmhouse with ensuite baths in every bedroom and a newly constructed separate luxury wing with a chef’s kitchen.
    (412) 855-9154
    We can help!
    Listing Contact
    Lynne Bingham
    Lynne Bingham
    Real Estate License ID: RS280966
    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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