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4260 Se 220th Avenue
Morriston, FL 32668
$2,790,000
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
4789
Property Description
Nestled on a quiet stretch of Central Florida’s pristine horse country, this stunning 19+ acre horse farm is abundant with amenities. Blending luxurious equestrian living with a thoughtfully designed layout, the property features a total of 15 paddocks dappled with shade. The attractive 35-stall center-aisle barn includes a fly spray system, rubber pavers, tack and feed room, multiple wash racks with hot water, and a bathroom/laundry room. A 3-bedroom barn apartment provides the perfect option for farm managers, guest accommodations, or seasonal rental potential. Six RV hook ups and prominent on the acreage is a gallop track with irrigation, a round pen, an eurocizer and additional storage structures for large equipment and trailer storage. Surrounded by professional landscaping and gently shaded by mature oaks, the home features a total of 4-bedrooms and 4.5-baths and over 4,700 sq.ft. of living space and 6000+ sq.ft. under roof. Well-appointed for those who enjoy hosting and cooking, the kitchen is a cook's dream offering abundant cabinet and counter space, a large center island, updated stainless steel appliances including a Wolf gas range with grill and double ovens and a Sub-Zero refrigerator and freezer, a built-in bar area with a wine & beer cooler, and much more. The 1000+ sq.ft. game room offers large french doors that run along the entire back wall, allowing the surrounding farm and pool views to become a feature of the space, as well as multiple skylights, stamped concrete flooring, and a stunning gas fireplace. A formal office area is perfect for those looking to work from home or to meet customers. Additional spaces of note include the formal living room, formal dining room, and a gym space that makes it a breeze to work out without having to leave the farm. The master suite is an exquisite space for those looking to unwind, complete with tray ceiling accents, large windows, a huge walk-in closet, and a private en-suite with garden tub, dual vanities, walk-in shower, and abundant storage space. Two of the guest bedrooms also include en-suite baths, giving additional privacy to all. For those who enjoy entertaining, the backyard features a true oasis– surrounded by a paver deck, a sparkling salt-water pool and spa includes solar or gas heating, lighting, waterfall, and fountain features. A tiki hut features an inviting summer kitchen complete with bar style seating, grill, firepit, and more. Perfectly suited for active equestrians looking to take advantage of the Horse Capital of the World. This farm is located just 9 minutes away from HITS, 25 minutes from the World Equestrian Center. Want more land or a bigger horse facility, the adjacent parcel with 21+ acres, house, pool, 2 barns, apt, ring & 8 paddocks is available from same Seller for $1,590,000 see OM667348 or buy both for $4,200,000.00
Property Information
Lot Size
19 acre(s) square ft
Property Type
Residential
Year Built
1997
MLS Number
OM667343
Location
Address
4260 SE 220TH AVENUE
City
MORRISTON
State
FL
Zip Code
32668
County
LEVY
Listing
Provider
Showcase Properties of Central Florida, original listing
Name
Showcase Properties of Central Florida
Phone
(352) 351-4718
Office Name
SHOWCASE PROPERTIES OF CENTRAL
Office Phone
(352) 351-4718
Agent Name
Laurie Whelpley-Baker PA

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.