$2,299,000
●
House -
For Sale
5676 W State Highway 2
DeFuniak Springs, FL 32433
3 Beds
3 Baths
2,061 Ft²
$11,289
Est. Monthly
About This Property
Horse lovers and equine professionals will covet this working ranch
that rivals any facilities elsewhere. It boasts a world-class
equestrian facility, purposely designed for training, boarding and
breeding horses, or perhaps for enjoying as a private retreat for
the new owner and horses. The pristine 52-acre property includes a
beautiful home, three barns and several wells. It has seven fenced
paddocks with prime Argentine Bahia grass and automated watering
systems. Serious riders will appreciate the lighted outdoor riding
arena with footing designed for performance horses. The
4,800-sq.-ft. modern horse barn can withstand winds up to 140
mph.
Can be subdivided, see last photo.
Can be subdivided, see last photo.
Unit Size
2,061 Ft²
Days on Market
120 days
Land Size
52.00 acres
Price per sqft
$1,115
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
-
Listed By
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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: 16 days ago (ECAR #1007692)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 15, 2026 | Listed by Scenic Sotheby's International Realty | $2,299,000 | |
| Listed by Scenic Sotheby's International Realty | |||
| Apr 21, 2022 | Sold | ||
| Sold | |||
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Jul 15, 2018 | Price Decreased |
$2,494,700
↓ $100
(0%) | |
| Price Decreased | |||
| Jun 14, 2018 | Price Decreased |
$2,494,800
↓ $100
(0%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Garage, Converted Garage, Covered, Detached, Oversized, Golf Cart Covered, Golf Cart Enclosed
Garage Spaces: 3
Interior Details
Full Bathrooms: 3
Interior Features: Breakfast Bar, Bookcases, Ceiling Cathedral, Fireplace, Fireplace 2+, Lighting Recessed, Split Bedroom, Washer/Dryer Hookup
Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Water Heater, Auto Garage Door Opn, Smoke Detector, Smooth Stovetop Rnge, Stove/Oven Electric
Flooring Type: Floor Tile
Rooms: 5
Has Fireplace
Fireplace Features: Fireplace Gas
Exterior Details
Square Footage: 2061
Property Condition: Construction Complete
Architectural Style: Ranch
Year Built: 2003
Waterfront Features: Creek
Building Area Total: 2061
Other Structures: Barn(s), Workshop, Corral(s), Barn - Hay, Barn - Other, Stable
Window Features: Window Treatment All
Construction Materials: Frame, Siding Vinyl, Trim Vinyl
Patio and Porch Features: Covered, Enclosed, Porch, Porch
Pool Features: Pool - In-Ground, Pool Type
Pool is Private
Lot Features: Cleared, Level, Wooded, Interior, Within 1/2 Mile to Water
Lot Size Area: 52
Lot Size Units: Acres
Lot Size Acres: 52
Lot Size Square Feet: 2265120
Lot Size Dimensions: 1510' x 1720'
Water Source: Well
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Central
Sewer : Septic Tank
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 Walton
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: LaFlure & Vice, Scenic Sotheby's International Realty
Last Updated: 16 days ago
Data Source: Emerald Coast MLS (ECAR), MLS# 1007692
Last Updated: 16 days ago
Data Source: Emerald Coast MLS (ECAR), MLS# 1007692
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