5505 CR 634S
About This Property
Discover the space, privacy, and flexibility you've been looking for on this beautiful 40-acre property in Bushnell. Offering a unique combination of usable acreage, an existing residence, mature trees, open pasture, and convenient access to major highways, this property is ideal for those looking to enjoy the best of country living while remaining close to everything Central Florida has to offer.
Located just minutes from I-75 and within easy reach of The Villages, Wildwood, Ocala, Tampa, Orlando, and Brooksville, this property provides a peaceful rural setting with convenient access to shopping, dining, employment, and surrounding communities.
The property features approximately 40 usable acres with a mix of open pasture and mature trees. The expansive acreage is well suited for a horse property, hobby farm, ranch, equestrian estate, agricultural use, livestock, or private country retreat. There's plenty of room for fencing, barns, paddocks, gardens, riding areas, recreational space, and more.
Adding even more value is the move-in ready 2-bedroom, 1.5-bath home, featuring recent kitchen and bathroom updates, a large garage/workshop, and a pole barn. The existing home offers immediate functionality and could serve as a primary residence, guest home, caretaker residence, or temporary housing while creating a larger custom estate.
For those looking toward the future, the property may offer the potential to create four separate 10-acre homesites, subject to county approval. This makes the property especially appealing for multi-generational living, a family compound, future custom homes, or long-term investment potential. Only site-built homes are permitted, helping maintain the character and value of the surrounding area.
Private well, septic, and electric are already in place, providing valuable existing infrastructure and reducing the expense and work typically associated with developing a rural property.
Whether your dream is to own a private ranch, horse farm, hobby farm, family compound, multi-generational retreat, or spacious country estate, this property offers the acreage and flexibility to make it your own. With Central Florida continuing to grow and large acreage properties becoming increasingly difficult to find, this is an opportunity to own substantial land with an existing home and infrastructure in a highly accessible location.
Come experience the possibilities of 40 acres of Central Florida countryside and see what makes this property so special. Schedule your private showing today!
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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 30, 2026 | Price Decreased |
$1,350,000
↓ $49K
(3.5%) | |
| Price Decreased | |||
| May 18, 2026 | Price Decreased |
$1,399,000
↓ $100K
(6.7%) | |
| Price Decreased | |||
| Mar 23, 2026 | Listed by OLYMPUS EXECUTIVE REALTY INC | $1,499,000 | |
| Listed by OLYMPUS EXECUTIVE REALTY INC | |||
| Jan 14, 2026 | Listed by OLYMPUS EXECUTIVE REALTY INC | $1,499,000 | |
| Listed by OLYMPUS EXECUTIVE REALTY INC | |||
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40 ACRES OF CENTRAL FLORIDA LAND WITH EXISTING HOME, BARN & WORKSHOP!
Rare opportunity to own approximately 40 acres of usable land in Bushnell, offering the space, privacy, flexibility, and rural lifestyle that large-acreage buyers are looking for. With a strategic location near I-75, The Villages, Wildwood, and the growing Central Florida corridor, this property combines expansive acreage with convenient access to major cities while maintaining the peace and freedom of country living.
The land is the highlight of this property, featuring a desirable combination of open pasture and mature trees. The acreage offers room for horses, cattle, goats, sheep, chickens, hobby farming, agricultural use, equestrian activities, recreational space, barns, paddocks, fencing, gardens, and more. Whether you're looking to establish a small farm, create a private ranch, build an equestrian property, or simply have plenty of room to spread out, this property provides the space to make it happen.
Adding value and immediate functionality is the existing 2-bedroom, 1.5-bath residence, along with a pole barn and large garage/workshop. The home has recent kitchen and bathroom updates and provides a convenient place to live while enjoying the property, building a future estate, or using the acreage for agricultural or recreational purposes. It could also serve as a guest or caretaker residence.
For buyers considering a family compound or multi-generational property, the acreage may offer the potential to create four separate 10-acre homesites, subject to county approval. Only site-built homes are permitted. Buyers should verify all zoning, land-use, subdivision, and development possibilities directly with the appropriate county authorities.
Existing private well, septic, and electric are already in place, providing valuable infrastructure for the existing residence and reducing some of the costs typically associated with rural acreage.
The location is another major advantage. Just minutes from I-75, this property offers convenient access to The Villages, Wildwood, Ocala, Tampa, Orlando, and Brooksville, making it possible to enjoy a private rural setting without being far from major roadways and growing communities.
Large parcels with this combination of acreage, usable pasture, mature trees, existing improvements, and Central Florida accessibility are becoming increasingly difficult to find. Whether you're looking for a 40-acre farm, horse property, ranch, agricultural property, family compound, private retreat, or long-term land investment, this property offers the scale and flexibility to create something truly your own.
Come walk the land, see the possibilities, and experience the privacy and freedom that 40 acres can provide. Schedule your showing today!
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| Aug 8, 2013 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017