651 N STATE ROAD 21
About This Property
Turnkey farm - livestock ready, income-generating, and build to suit. Fully fenced lush pasture, multiple barns, and solid infrastructure already in place. Multiple water sources, shade trees, and excellent road frontage for visibility or a farmstand. Run livestock, expand an equine operation, or collect rental income from the spacious 3BR/2BA with an open, sunlit floor plan. Use it as on-site housing, a proven income stream, or a base while you build your dream home.
Large metal barn with steel trusses for equipment or animals, plus an additional pole barn for future stalls, a workshop, or event space. Ready to operate and packed with potential.
Located just south of Melrose near Gainesville-peaceful country living meets opportunity.
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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 |
|---|---|---|---|
| Feb 27, 2026 | Sold | ||
| Sold | |||
| Jan 26, 2026 | In contract | - | |
| In contract | |||
| Sep 8, 2025 | Listed by FLORIDA HOMES REALTY & MTG LLC | $559,000 | |
| Listed by FLORIDA HOMES REALTY & MTG LLC | |||
| Nov 1, 2024 | No longer available | - | |
| No longer available | |||
| Oct 29, 2023 | Listed by FLORIDA HOMES REALTY & MTG LLC | $559,000 | |
| Listed by FLORIDA HOMES REALTY & MTG LLC | |||
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This stunning property, just shy of 20 acres, is your homestead dream come true! The entire property is fully fenced, with two gated entrances providing secure access. Recently cleared and with stumps removed, this serene paradise features lush Bahia grass that is perfect for sustaining livestock and equines. The property also boasts a pecan orchard and majestic oaks scattered throughout the pasture, offering ideal natural shade for your animals.
The renovated 3-bedroom, 2-bathroom mobile home, spanning 1,568 square feet, could serve as a guest house, an Airbnb, or temporary housing while you build your dream home. Additionally, the property includes a fully enclosed 1,500 square foot solid steel garage/shop and a versatile 36' x 48' x 14' barn, ready to be customized to your needs.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017