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10-Acre Estate with Income Potential
For Sale
$638,808

7650 NE 40TH St, High Springs, FL 32643

Dual-parcel estate near High Springs with pool and rental income.

Property Size1,000 SF
Lot Size5.51 Acres
Price / SF$638.81
Days on Market139

Property Features for 7650 NE 40TH St

General Information

Standard status Active
Size 1,000 SF
Lot size 5.51 Acres
Property subtype Farm and Ranch Properties

Building Details

Year Built 1972
Listing Agency:
Listed By: Teresa Valdes · License #3247898
Source: Elliman
Added: Mar 31 Changed: Jul 6 Last Checked: Aug 16 at 4:50AM

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 Teresa Valdes

Investment Insights

Based on property information with market context.

This unique estate features two deeded parcels totaling 10 acres, located approximately 15 minutes from downtown High Springs and about 35 minutes from Gainesville. The fully renovated main residence offers 2 bedrooms and 1 bathroom within approximately 1,000 sq ft, blending modern updates with a country living environment. The backyard is equipped for entertaining and relaxation, including an in-ground pool, an outdoor kitchen, and a covered pavilion. Additional improvements include a private suite currently functioning as a short-term rental and a second fully independent 2-bedroom, 1-bath dwelling. Both additional dwellings have been utilized as income-producing short-term rentals for the past eight years. The mostly cleared acreage allows for recreation, gardening, animals, or future expansion. The dual-parcel configuration, consisting of 4.5 acres and 5.5 acres, provides added value and long-term flexibility. The property is situated near several natural springs, including Poe Springs, Ginnie Springs, and Gilchrist Blue Springs State Park. It is also conveniently located approximately 15 minutes from urgent care, medical facilities, restaurants, and shopping, including Publix. This property combines privacy, income potential, multi-generational living options, and a North Florida location.

Key Highlights

  • 10‑acre dual‑parceled estate (4.5 acres + 5.5 acres)
  • Proven income potential from two short‑term rental units
  • Main residence fully renovated with modern updates

Property Analytics

Current Use

Bluebela Farm LLC Food Processing Plant

Suggested Use

Top Pick Electronics & Wireless Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3
Businesses Nearby

Demographics for 32643, FL

12,549
Population
4,487
Households
2.8
Avg Household Size
44
Median Age
25%
College-Educated
90%
High-School Grad
112.1 sq mi
ZIP Area
112
Density / Sq Mi
$69,871
Median Household Income
$40,458
Median Earnings
$1,515
Median Rent
$254,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Farm - Dual-parcel estate near High Springs with pool and rental income.
Where is this farm located?
The property is located at 7650 NE 40TH St High Springs, FL.
What is the asking price?
The asking price for this property is $638,808.
What are key features of this property?
This property features: 10‑acre dual‑parceled estate (4.5 acres + 5.5 acres); Proven income potential from two short‑term rental units; Main residence fully renovated with modern updates
More about this property
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