$710,000
●
House -
Off Market
40610 BABB ROAD
UMATILLA, FL 32784
3 Beds
2 Baths,
1
Half Bath
2,048 Ft²
$3,903
Est. Monthly
2.19%
Cap Rate
About This Property
8.5 ACRES AG-ZONED COMPOUND + 4-CAR GARAGE | NO HOA | BUILD YOUR
WORKSHOP HERE
THE "IMPOSSIBLE TO FIND" FLORIDA COMPOUND.
Stop looking for a house and start looking for a legacy property. Sitting on 8.51 acres of Agriculture-Zoned land with NO HOA, this 2015-built custom estate is not just a home-it is a blank canvas for your business, your toys, or your extended family.
THE LAND & FREEDOM:
Zoned Agriculture (Ag) means freedom.
• Business Owners: Need to park excavators, work trucks, or trailers? You have acres of open, high-and-dry pasture ready for your heavy equipment.
• The "Barndo" Dream: The property is primed for a massive 60x80 metal building, workshop, or barn.
• Multi-Generational Potential: With over 8 acres, this site is a prime candidate for a future Guest House (ADU) or second family dwelling (buyer to verify with Lake County). Stop squeezing your family into a subdivision and build your compound here.
THE TOY BOX (4-CAR GARAGE):
A car collector's dream or a mechanic's start-up. The additional garage/workshop offers massive storage for classics, boats, or a professional-grade workshop right off the kitchen.
THE ANCHOR HOME:
While you build your dreams outside, live in modern luxury inside. Built in 2015 (not a 1980s fixer-upper), this 2,048 sq. ft. home features soaring cathedral ceilings, zero carpet (tile/laminate throughout), and a wide-open floor plan designed for entertaining. The kitchen overlooks the family room, making it the perfect hub.
BONUS FEATURES:
• Private Boat Ramp: Launch your skiff or jet skis directly from your backyard into the private pond/lake access.
• Utilities: Private well and septic = NO water/sewer bills.
• Irrigation: Fed directly from the lake to keep your green space lush for free.
Located in the quiet privacy of Umatilla but just minutes from town. If you have outgrown your HOA, your driveway, and your storage unit-40610 Babb Rd is the answer. Schedule your private tour today.
Room to run your business from home
Space for equipment, RVs, animals, expansion
No HOA restrictions limiting your lifestyle
Create your own private estate or family compound
THE "IMPOSSIBLE TO FIND" FLORIDA COMPOUND.
Stop looking for a house and start looking for a legacy property. Sitting on 8.51 acres of Agriculture-Zoned land with NO HOA, this 2015-built custom estate is not just a home-it is a blank canvas for your business, your toys, or your extended family.
THE LAND & FREEDOM:
Zoned Agriculture (Ag) means freedom.
• Business Owners: Need to park excavators, work trucks, or trailers? You have acres of open, high-and-dry pasture ready for your heavy equipment.
• The "Barndo" Dream: The property is primed for a massive 60x80 metal building, workshop, or barn.
• Multi-Generational Potential: With over 8 acres, this site is a prime candidate for a future Guest House (ADU) or second family dwelling (buyer to verify with Lake County). Stop squeezing your family into a subdivision and build your compound here.
THE TOY BOX (4-CAR GARAGE):
A car collector's dream or a mechanic's start-up. The additional garage/workshop offers massive storage for classics, boats, or a professional-grade workshop right off the kitchen.
THE ANCHOR HOME:
While you build your dreams outside, live in modern luxury inside. Built in 2015 (not a 1980s fixer-upper), this 2,048 sq. ft. home features soaring cathedral ceilings, zero carpet (tile/laminate throughout), and a wide-open floor plan designed for entertaining. The kitchen overlooks the family room, making it the perfect hub.
BONUS FEATURES:
• Private Boat Ramp: Launch your skiff or jet skis directly from your backyard into the private pond/lake access.
• Utilities: Private well and septic = NO water/sewer bills.
• Irrigation: Fed directly from the lake to keep your green space lush for free.
Located in the quiet privacy of Umatilla but just minutes from town. If you have outgrown your HOA, your driveway, and your storage unit-40610 Babb Rd is the answer. Schedule your private tour today.
Room to run your business from home
Space for equipment, RVs, animals, expansion
No HOA restrictions limiting your lifestyle
Create your own private estate or family compound
Unit Size
2,048 Ft²
Days on Market
514 days
Land Size
8.51 acres
Price per sqft
$366
Property Type
House
Property Taxes
$220
HOA Dues
-
Year Built
2015
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 months ago (Stellar MLS #O6288539)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 6, 2026 | Sold | ||
| Sold | |||
| Jul 11, 2026 | In contract | - | |
| In contract | |||
| Jun 2, 2026 | Relisted | $749,999 | |
| Relisted | |||
| May 23, 2026 | No longer available | - | |
| No longer available | |||
| Mar 14, 2026 | Price Decreased |
$749,999
↓ $100K
(11.8%) | |
| Price Decreased | |||
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Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Lake
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Listed by: Jennifer Jordan
ENGINE REALTY INC
Last Updated: 3 months ago
Data Source: Stellar MLS, MLS# O6288539
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
ENGINE REALTY INC
Last Updated: 3 months ago
Data Source: Stellar MLS, MLS# O6288539
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017