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    5178 Boynton Cutoff Rd Vernon, FL 32462

    For Sale
    $3,700,000

    28 Acres, Riverfront, Huge Potential

    Property size:
    4,358 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 28-acre property in Vernon, Florida, presents a truly unique development opportunity. The site boasts 800 feet of stunning river frontage and includes a 4,358 square foot building, previously used as a restaurant and entertainment venue, featuring a separate outdoor stage. A boat, canoe, and kayak ramp provides easy access to the river, with Morrison Springs a mere 35-minute paddle away. The property is surrounded by water management areas, offering a tranquil and protected setting. While damaged by Hurricane Michael, the existing infrastructure is largely intact, including water and sewage infrastructure already laid out for up to 130+ RV spots or individual waterfront homesites. The previous restaurant and bar hosted numerous concerts and events, showcasing the property's significant entertainment potential. This versatile property allows for a multitude of development options, catering to various visions and investment strategies. The sale includes multiple parcels, totaling 1,219,680 square feet, built in 1996 and consisting of a single-story structure. Don't miss this rare chance to acquire a substantial riverfront property with immense development potential. Asking price is $3,700,000.

    Property Features for 5178 Boynton Cutoff Rd

    General Information

    Property type
    Specialty properties
    Square Feet
    4,358 SF

    Building Details

    Year Built
    1996
    Stories
    1

    HighLights

    • Asking price: $3,700,000
    • Special purpose property, 4,358 square feet
    • Located on 28 acres with 800 feet of riverfront in Vernon, FL (32462)
    • Features a 4,358 SF former restaurant/entertainment venue with an outdoor stage
    • Existing infrastructure for up to 130+ RV sites and individual waterfront homesites.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Vernon
    County
    Washington
    State
    Florida
    Longitude
    -85.87145
    Latitude
    30.528484

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    FAQs

    What type of property is this?
    Specialty property - 28 Acres, Riverfront, Huge Potential
    Where is this specialty property located?
    The property is located at 5178 Boynton Cutoff Rd Vernon, FL.
    What is the asking price?
    The asking price for this property is $3,700,000.
    What are key features of this property?
    This property features: Asking price: $3,700,000; Special purpose property, 4,358 square feet; Located on 28 acres with 800 feet of riverfront in Vernon, FL (32462)
    Request Owner's contact information
    5178 Boynton Cutoff Rd Vernon, FL 32462
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    Realmo Value Estimation

    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.

    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.

    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
    5178 Boynton Cutoff Rd Vernon, FL 32462
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