1409 Highway 177a
About This Property
Large acreage properties with this much road frontage, water, infrastructure, and recreational potential are becoming increasingly difficult to find. Located on Highway 177A near Bonifay, this impressive 265+/- acre Farm & Recreational Property offers a rare combination of usable acreage, established improvements, abundant water, wildlife, and a recently remodeled home.
The property features over 4,000 feet of road frontage and is already fenced and cross-fenced into 9 separate pastures, providing flexibility for agricultural, recreational, or personal use. Multiple barns are located throughout the property, along with several large ponds and additional water sources. The existing improvements give the next owner a tremendous head start, whether the goal is to continue utilizing the acreage for agricultural purposes, establish a private farm, or simply enjoy the space and privacy that comes with owning a large tract of land.
For the outdoor enthusiast, the property offers plenty to explore. Deer and turkey are abundant, and the combination of pasture, wooded areas, ponds, and water sources creates excellent wildlife habitat and recreational opportunities. There is plenty of room for hunting, riding, farming, livestock, recreation, or simply enjoying the outdoors without having to leave your own property.
The recently remodeled 2,600 heated and cooled square-foot home features 4 bedrooms and 3 bathrooms and provides a comfortable base for enjoying the property. The kitchen has been beautifully updated with granite countertops, distinctive black and gold ZLINE appliances, and an impressive 48-inch gas range. Massive covered porches offer exceptional outdoor living space, while the outdoor fireplace creates a great place to gather with family and friends.
Whether you're looking for a private family farm, a recreational retreat, additional agricultural acreage, or simply a place with room to spread out and make your own, this property offers an exceptional combination of land, improvements, water, wildlife, and accessibility. 265+/- acres with 4,000+ feet of highway frontage and an extensive collection of existing improvements is a rare opportunity in the Bonifay area.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 23, 2026 | Listed by Performance Realty | $1,800,000 | |
| Listed by Performance Realty | |||
| Apr 22, 2022 | No longer available | - | |
| No longer available | |||
| Apr 21, 2022 | Sold | ||
| Sold | |||
| Apr 3, 2022 | Relisted | $1,299,999 | |
| Relisted | |||
| Feb 24, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017