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$794,500

Income-producing, residential, equestrian gem realizing $4,700/month.

Ormond Beach, Volusia County , Florida

5.97
ACRES
5
BEDROOMS
4.5
BATH
4977
SQ FT
pen • hay barn • fenced • second house • pool • pond • 2 barns with 8 stalls

Property description

Income-producing property. A true equestrian gem. This fully fenced, two-pasture property on the paved section of Leeway Trail spans over 6 cleared, dry acres and currently brings in $4,700/month profit. As you pull in to the oak, elm and maple tree-covered, fully-irrigated front property, you'll notice the freshly painted and landscaped 3/3 main house with an enclosed in-ground pool fully equipped for a hot tub, a two-story apartment building built in 2000 that has been rented continuously for 10+ years, and finally a 2-car oversized 32x35 garage (also 2000) with attached workshop. The 3/3 main house had a new roof installed 2018, boasts exposed beams throughout, a large kitchen recently upgraded with granite counter tops and backsplash, inside laundry/mud room, formal dining opening up to the main living room and a downstairs master suite that you must see to believe. The 20x20 master bedroom is full of natural light and leads to the master bath that includes a HUGE 10x10 walk-in closet. Two oversized bedrooms upstairs have double closets each with their own private balconies. Enclosed inground pool (built 2004) has been maintenanced regularly and is equipped with a newer, energy-efficient pump. Main house and apartments are connected by breezeways on both top and bottom floors. Each apartment suite is a FULL 1/1 with full kitchen and laundry (washer/dryer included) and are rented at $1,400 (lower) and $1,300 (upper) per month with utilities included. Tenants are month-to-month. Both units each have separate, private entrances, porch/balcony, and A/C units. Property has 8 horse stalls (each at $250/month board), 5 tack rooms (one with a ¾ bath included). Back barn equipped with wash pad and cross ties. Entire property is fully field fenced and includes stalls, runs and pasture with man-made pond in North pasture. New water softener installed 2019. Main house roof installed 2017. New well installed 2017. All information intended to be accurate but is not guaranteed.


Details

Home Features

  • 1,242 sf main house
  • Screen-enclosed inground pool
  • Exposed beams
  • Updated granite kitchen and baths
  • Inside laundry/mud room
  • Private balconies on each spare bedroom
  • Breezeway connecting to detached apartment building
  • On-premises tenants in detached apartment pay $1,400 month-to-month (lower apartment) and $1,300 month-to-month (upper apartment) which includes all utilities and electric.

Lot Features

  • Fully field fenced
  • Two pastures
  • High and dry
  • Backs up to small creek
  • Privately paved road
  • 32x35 detached garage/workshop in addition to main house and apartment building.

Horse Facility Features

  • Two barns
  • 8 stalls
  • 5 tack rooms
  • Feed/hay rooms
  • Outside restroom
  • Fully field fenced
  • Man-made pond in North pasture
  • Property currently boards for below-market board at $250/month.

Distances

  • 1.2 miles to schools
  • 13 miles to airports
  • 4.9 miles to hospitals
  • 4.1 miles to shopping


Information deemed reliable, but not guaranteed. Buyer to verify all information


Location

501 Leeway Trail, Ormond Beach, Volusia County, Florida


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