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    29710 Debbie Rd, Okahumpka, FL 34762

    25.08 ac lot
    Property ID
    Property summary
    AI-generated overview

    Exceptional opportunity to acquire a 25.08-acre property in Okahumpka, Florida, encompassing three parcels (14 acres, 6 acres, and 5.08 acres). This unique offering combines agricultural and residential uses, featuring a main house, two income-producing manufactured homes, and extensive equestrian amenities. The main residence boasts four bedrooms, 2.5 bathrooms, a newly renovated kitchen (2022) with quartz countertops and stainless-steel appliances, high ceilings, and a private pool. A large garage includes a screened-in Florida room above. Equestrian facilities include a 7-13 stall barn (configuration dependent), a wash rack with hot water, a 72' x 144' riding arena, a 60' round pen with lighting, multiple pastures, and a private pond. The property also includes two tenant-occupied manufactured homes generating substantial rental income: one (27750 Debbie Rd, 1152 sq ft, 3 bed/2 bath) leased at $1,725 per month, and another (27720 Debbie Rd, 1560 sq ft, 3 bed/2 bath) leased at $1,700 per month. Six horses are included in the sale. The property is zoned Ag, allowing one home per five acres, with a future land use designation of "Urban Low Density," permitting up to four units per buildable acre. Development exceeding ten units requires a minimum of 25% of the net buildable area as common open space. Conveniently located two miles from the turnpike and 45 minutes from Ocala's World Equestrian Center. The APN is 16-20-24-0001-000-00200 16-20-24-0001-000-00100 16-20-24-0001-000-02200. Offered at $1,550,000. Fee simple ownership.

    Property profile
    Verified
    Property type Land
    Lot 25.08 ac (1,092,485 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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