tomo logo

$1,399,900

Beds
8
Baths
6.0
sq ft
7,178

5889 NE County Road 340, High Springs, FL 32643

5889 NE County Road 340

HIGH SPRINGS, FL 32643

  • 79 days on market
    • Price drop $100,000↓
Welcome to your private sanctuary—a custom-built 7,000 square foot luxury home nestled on a 16-acre wooded estate in beautiful High Springs, Florida. As you approach via a tree-lined driveway behind a private gated entrance, you'll be captivated by the serene beauty of this one-of-a-kind property. The main residence, a completely updated two-story masterpiece, boasts numerous upgrades and modern amenities, including hand-laid travertine flooring and a large recreation room with a working fireplace built with rock from the property. The estate also features an adorable guest house, a sparkling lap pool with screened in lanai, and an enormous barn that has been newly renovated with an open floor plan of combination kitchen, dining and living area, as well as one large bedroom with walk-in closet. The lot spans 16 acres, with approximately 75% of the perimeter fenced. The driveway was paved in 2018 and sealed in 2022, while fencing on the main road and a gated entrance were added in 2018, with the fence re-stained in 2023. Built in 1979 by Ralph Royster, the main home features cedar wood framing, newer windows (2014), and a 400-amp electric service updated in 2010, including a generator system and a 50-amp RV service added in 2022. Three bathrooms have been fully renovated, and the primary suite includes a large walk-in closet and luxury bathroom. The lower level offers additional living spaces, storage areas, and a double-length garage. The pool house/in-law suite apartment, remodeled in 2018, includes two bedrooms, a living room, eat-in kitchen, and a beautiful bathroom, with exits to the screened pool area. The in-ground pool, installed in 1985, has been updated with a Diamond Brite finish, glass tile, waterfalls, water features, and converted to a salt system. The barn, a 60x60 concrete block building, has updated electric, a new roof (2017), and a 50-foot RV pad added in 2020. The barn apartment, remodeled in 2023, features an open floor plan and a heat pump system. Utilities include a drilled well system, separate septic systems for the main house, pool house, and barn, and three separate electric services. The property also has a diesel generator for backup power, three heat pumps for the main house, and a Starlink satellite dish for high-speed internet. The main house and pool house have metal roofs installed in 2010, while the barn roof was replaced in 2017. The pool and enclosure were updated in 2018, with a new pool pump installed in 2024. Additional features include a koi pond with a 40,000-gallon capacity, automatic fill system, UV sterilization, and lighting. The estate is serviced by a private garbage collection, HVAC maintenance, pest control, and house cleaning services. There is no HOA, and the security gate is battery-powered with a solar recharging unit. A 24-foot telescopic flagpole at the entrance was updated in 2024, and additional insulation was added to the main house in 2023. Located across the street from Ginnie Springs and a short drive to other natural springs, downtown High Springs, I-75, local area restaurants and more! Welcome HOME!

Details

Property type

Single Family Residence

Est. home value

$1,014,016

Lot size

16.0 acres

Price per sq ft

$196

Year built

1974

Annual property taxes

$7,610.64

Price History

08/28/2024
StellarMLS

StellarMLS #GC523400

Price change
$1,399,900
-6.67%
07/02/2024
StellarMLS

StellarMLS #GC523400

Listed
$1,499,900
+820.18%
04/27/2001
StellarMLS

StellarMLS #GC205946

Sold
$163,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$892,706
Asking price
$1,399,900
Closing costs (~8% of asking)
-$111,992
Est. remaining loan balance
-$395,202
Cash to seller
$892,706

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Campus Usa Cu

Loan start date

July 2016

Original loan amount

$479,000

Est. remaining balance

$395,202

Interest rate

3.64%

Loan type

New Conventional, 30 year

Seller

Peter H Khoury

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

Price drop
StellarMLS
$1,199,999
9 bd
|
5.5 ba
|
6,136 sq ft
|
House

14531 NW 214th Ter, High Springs, FL 32643

StellarMLS
$1,395,000
3 bd
|
3 ba
|
2,721 sq ft
|
House

25876 NW 206th Pl, High Springs, FL 32643

StellarMLS
$1,315,000
5 bd
|
4.5 ba
|
4,718 sq ft
|
House

19056 NW 72nd Ave, Alachua, FL 32615

Status: Active

Tomo last checked: 09/19/2024 at 5:30 PM

Listing updated: 08/28/2024 at 12:02 AM

Listed by: Mark Gajda, PEPINE REALTY Phone #: (352) 226-8474

MLS: StellarMLS #GC523400

StellarMLS logo

Recently listed in HIGH SPRINGS