24280 Powell ROAD, Brooksville, FL, 34602 | $3,599,000

This Magnificent 79 acre working cattle ranch, known for it's pure water and fertile soil, is divided into 7 large parcels providing endless possibilities for the buyer. Avid equestrians will appreciate the facilities in place which include a brand new 20 stall horse barn, cattle pen, horse riding arena, equipment barn, hay barn, five naturally spring fed ponds, abundant wildlife and extensive wooded riding trails.
On this gorgeous property you will find two homes which have both been remodeled and upgraded. The main home features a soaring ceiling with wood beam accents, an open split floor plan and tile flooring throughout. Beautifully updated gourmet kitchen with pull-out shelving and 3 en suite bedrooms with private baths. Two of the bedrooms open onto the relaxing large screened lanai thru French doors.
In the Cottage/Studio which is adjacent to the main home you will find a two bedroom, two bath guest house which includes a full kitchen, spacious living area/event space, full bath and office on one side plus two bedrooms, full bath, kitchenette and additional living quarters on the other side. The cottage guest suite is brand new top to bottom. 3 triple sliders open to a large 40’ x 16’ composite deck from the studio/event area.
A 46'x25' building can house farm equipment or recreational vehicles. Four board fencing surrounds the property and sections off numerous pastures; most gates include remote access. Only the highest quality of Tifton 44 grass can be found in these pastures for both grazing and hay production. A 60' X 40' drive-thru hay barn capable of sustaining 140 mph winds is located by the horse arena. Trails for walking, riding and ATV's.

This is a rare and unique opportunity to purchase an ideally located turnkey property which includes all the furnishings and equipment for running the ranch as well as an event venue, along with the owner’s current inventory of farming equipment, machinery and livestock.
Other notable features of this property include: newer HVAC system, new electrical box/service hub in main house & tractor barn, new well pump, wiring & piping, metal roof, alarm system and Alert360 exterior cameras on porches, cedar ceiling and walls in studio, seamless gutters with gutter guards, 50 amp RV line, new hot water heater in cottage, Zoned AG, this property can offer both investment and lifestyle returns. Some income producing opportunities include horse boarding, trail rides, riding lessons, training, cattle sales, turkey hunting, Air BnB, hay sales, U Pick berry farm, wedding venue, corporate retreats, family events such as birthday parties, bridal & baby showers & wellness center including Yoga, Pilates and other wellness classes.

Features

  • Rooms: 5
  • Bedrooms: 5
  • Baths: 5 full
  • Style: Ranch
  • Year Built: 1989
  • Garage: Workshop in Garage
  • Heating: Central, Heat Pump
  • Cooling: Central Air
  • Approx Sq. Feet: 3,383
  • Acreage: 79
  • Est. Taxes: $5,337
  • Lot Desc: Cleared, Corner Lot, Greenbelt, In County, Pasture, Zoned for Horses
  • View: Park/Greenbelt
  • Pet Policy: Yes
  • Appliances: Dishwasher, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator
  • MLS#: W7854091
  • Days on Market: 284 days
  • Website: https://www.raveis.com
    /eprop/W7854091/24280powellroad_brooksville_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 5/10/2024 12:32:13 PM)
Listing courtesy of KW REALTY ELITE PARTNERS   Phone: 352-688-6500

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

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Melissa.Cohn@raveis.com

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24280 Powell ROAD, Brooksville, FL, 34602

$3,599,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,879,200 $2,879,200 $2,879,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.875% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.851% 7.014% 6.915%
Monthly Tax Payment $445 $445 $445
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $19,398 $18,914 $25,478
Total Monthly Payment $19,968 $19,484 $26,048

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.