NOT LISTED FOR SALE

15867 SE 61st Terrace Rd Summerfield, FL 34491

Estimated Value: $2,074,000 - $4,935,000

7 Beds
6.5 Baths
7,456 Sq Ft
$513/Sq Ft Est. Value

Last Sold January 31, 2024

Last sale price $4,750,000 $637 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $23,109/month

261 Days on Market

Highlights

  • Boathouse
  • 1,500 Feet of Lake Waterfront
  • 14 Horse Stalls
  • Additional Residence on Property
  • 2 Paddocks and Pastures
  • Barn

About This Home

As of January 2024

Magnificent 30 acre, manicured estate with stunning 7,456 square-foot main house that boasts seven bedrooms, six and one half baths, three car garage, with exquisite details at every turn in this one of a kind property in Silverleaf Hills. Marble flooring, granite counter-tops and crystal chandeliers adorn this impressive estate home with lake frontage, swimming pool, boat dock with lift and boat storage; and extensive/lighted landscaping and entertainment areas.. The home includes soaring ceilings throughout; a library, workout/massage room and massive third floor storage rooms to store your seasonal decorations. Rolling hills lead to the 1700 SF, three bedroom, two bath lakefront guest cottage. This farm was designed using first-class construction for the efficient management of one of the finest horse breeding programs in the country, as well as the stunning architecture of the former Silverleaf Horse Farm with grand cupolas throughout the farm . The absolutely magnificent stallion barn includes a grooming station, office, observation deck, laboratory, bathroom, small 42' X 48" indoor arena with shock absorbing footing for mild exercise and viewing; large equipment room, wash rack and and entertainment areas. Each stall is built with concrete block covered with 1/2 wood walls for safety and noise reduction. It is just a short walk to the equally impressive mare barn with ten stalls, includes a lab, office, kitchenette, impressive billiards room, tack and feed rooms, 1.5 bathrooms, grooming station and storage area. The two spacious paddocks provide ample space for grazing and training. This is the opportunity to purchase your part of equine history! The estate is located in the newly developed Silverleaf Hills Estates, a gated 768+ acre equine community of spring fed lakes, majestic oaks, rolling hills and picturesque homesites. Only 90 minutes to the Tampa or Orlando Airport and only minutes to the shopping, medical, and entertainment in The Villages or Ocala, Florida. Call for your appointment and tour of this estate.

Last Agent to Sell the Property

Sherri Meadows

MEADOWS REALTY, LLC Brokerage Phone: 352-237-6400 License #349235 Listed on: 03/21/2023

Last Buyer's Agent

Irene Lis-Planells

MEADOWS REALTY, LLC License #3408883

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $22,607

Year Built

  • Built in 1995

Lot Details

  • 30.06 Acre Lot
  • Lot Dimensions are 977x1340
  • 1,500 Feet of Lake Waterfront
  • Lake Front
  • South Facing Home
  • Board Fence
  • Irrigation
  • Cleared Lot
  • Landscaped with Trees
  • Property is zoned A1

HOA Fees

  • $326 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Ground Level Parking
  • Side Facing Garage
  • Garage Door Opener
  • Circular Driveway
  • Golf Cart Garage

Home Design

  • Contemporary Architecture
  • Farm
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 7,456 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Coffered Ceiling
  • Tray Ceiling
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • Family Room
  • Living Room with Fireplace
  • Breakfast Room
  • Formal Dining Room
  • Den
  • Bonus Room
  • Storage Room
  • Laundry in unit
  • Inside Utility
  • Lake Views
  • Attic

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Split Bedroom Floorplan

Pool

  • In Ground Pool
  • Gunite Pool
  • Outside Bathroom Access

Outdoor Features

  • Access To Lake
  • No Wake Zone
  • Boathouse
  • Dock made with Composite Material
  • Powered Boats Permitted
  • 2 Paddocks and Pastures
  • Horse Property
  • Patio
  • Exterior Lighting
  • Porch

Additional Homes

  • Additional Residence on Property

Schools

  • Harbour View Elementary School
  • Belleview Middle School
  • Belleview High School

Farming

  • Barn
  • Pasture

Horse Facilities and Amenities

  • Zoned For Horses
  • 14 Horse Stalls
  • Stables

Utilities

  • Central Air
  • Heating Available
  • Underground Utilities
  • 1 Water Well
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 4764-009-000

Community Details

Overview

  • Association fees include common area taxes, ground maintenance
  • Duke Mendel Association, Phone Number (813) 695-6966
  • Silverleaf Hills Subdivision
  • On-Site Maintenance
  • The community has rules related to deed restrictions, allowable golf cart usage in the community

Recreation

  • Fishing
  • Horses Allowed in Community

Pet Policy

  • Pets Allowed

Security

  • Gated Community

Property Details

Property Type

Other

Est. Annual Taxes

$22,607

Year Built

Built in 1995

Lot Details

0

HOA Fees

$326 per month

Parking

3

Listing Details

  • HOA Fee Includes: Common Area Taxes, Maintenance Grounds
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Farm
  • Architectural Style: Contemporary
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 7456
  • Lot Size Acres: 30.06
  • New Construction: No
  • Year Built: 1995
  • Building Area Total: 9254
  • Lot Size Sq Ft: 1309414
  • Directions to Property: Hwy 301 turn on SE 158th Place, turn LEFT on , turn RIGHT on SE 61st Terrace Road 1st home on right.
  • Status: Sold
  • Street Direction: SE
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow City: Summerfield
  • Escrow Postal Code: 34491
  • Escrow State: FL
  • Escrow Street Name: US Hwy 301
  • Escrow Street Number: 15400
  • List Office Head Office Key Nume: 530409604
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 637.07
  • Total Acreage: 20 to less than 50
  • Unit Number YN: 0
  • Water Access YN: 1
  • Barn Features: Barn Office,Bathroom,Block,Center Aisle,Feed Room,Horse Barn
  • Number Of Paddocks Pastures: 2
  • Number Of Stalls: 14
  • Attribution Contact: 352-237-6400
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Living Room, Primary Bedroom
  • Living Area Units: Square Feet
  • Flooring: Carpet, Hardwood, Marble, Wood
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Interior Amenities: Built-in Features, Cathedral Ceiling(s), Ceiling Fans(s), Coffered Ceiling(s), Crown Molding, Eat-in Kitchen, High Ceilings, Primary Bedroom Main Floor, Open Floorplan, Split Bedroom, Stone Counters, Tray Ceiling(s), Vaulted Ceiling(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Electric Water Heater, Ice Maker, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 7
  • Levels: Three Or More
  • Spa Yn: No
  • Stories: 3
  • Street Number Modifier: 15867
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Attic,Bonus Room,Breakfast Room Separate,Den/Library/Office,Family Room,Formal Dining Room Separate,Formal Living Room Separate,Inside Utility,Storage Rooms
  • Living Area Meters: 692.68
  • Room Count: 3

Exterior Features

  • Direction Faces: South
  • Other Structures: Additional Single Family Home, Barn(s), Boat House, Guest House, Other
  • Pool Features: Gunite, In Ground, Outside Bath Access
  • Exterior Features: Irrigation System, Lighting, Other
  • Roof: Shingle
  • Pool Private: Yes
  • View: Water
  • Water Body Name: LAKE LOTUS
  • Waterfront: Yes
  • Patio and Porch Features: Patio, Porch
  • Road Surface Type: Asphalt, Paved
  • Water Access: Lake
  • Water Extras: Boathouse,Dock - Composite,Dock w/Electric,No Wake Zone,Powerboats – None Allowed
  • Water Extras YN: 1
  • Water View: Lake
  • Water View YN: 1
  • Waterfront Feet Total: 1500
  • Flood Zone Date: 2008-08-28
  • Flood Zone Panel: 12083C0880D
  • Water Frontage Feet Lake: 1500
  • Additional Water Information: Private lake, Deed restrictions apply, this property has extensive lake frontage.
  • Farm Type: Horse

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Circular Driveway, Driveway, Garage Door Opener, Garage Faces Side, Golf Cart Garage, Ground Level, Oversized

Utilities

  • Utilities: Cable Available, Electricity Connected, Underground Utilities
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Inside
  • Sewer: Septic Tank
  • Water Source: Well
  • Number of Wells: 1

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Fishing, Gated, Golf Carts OK, Horses Allowed, Waterfront
  • Association Amenities: Gated, Maintenance
  • Association Fee: 3907.8
  • Association Fee Frequency: Annually
  • Association Name: Duke Mendel
  • Phone: 813-695-6966
  • Association: Yes
  • Security: Gated Community
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Association Fee Requirement: Required
  • Association Email: dukemendel@verizon.net

Fee Information

  • Total Annual Fees: 3907.80
  • Total Monthly Fees: 325.65
  • Monthly HOA Amount: 325.65

Schools

  • Elementary School: Harbour View Elementary School
  • High School: Belleview High School
  • Middle Or Junior School: Belleview Middle School

Lot Info

  • Zoning: A1
  • Parcel Number: 4764-009-000
  • Additional Parcels: No
  • Fencing: Board
  • Lot Features: Cleared, In County, Pasture, Paved, Zoned for Horses
  • Lot Dimensions: 977x1340
  • Horse Amenities: Other, Stable(s)
  • Flood Zone Code: X
  • Homestead YN: 1
  • Lot Size Square Meters: 121648
  • Zoning Compatible YN: 1

Green Features

  • Green Verification Count: 0

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 0

Tax Info

  • Tax Annual Amount: 22607
  • Tax Block: 0
  • Tax Book Number: 0
  • Tax Lot: 9

Multi Family

  • Waterfront Features: Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2023
Closed on
Jan 31, 2024
Sold by
Hullett John R and Hullett Wanda R
Bought by
Payne Michael G and Payne Michelle M
Seller's Agent
Sherri Meadows
MEADOWS REALTY, LLC
Buyer's Agent
Irene Lis-Planells
MEADOWS REALTY, LLC
List Price
$5,900,000
Sold Price
$4,750,000
Premium/Discount to List
-$1,150,000
-19.49%
Views
122
Current Estimated Value
$3,824,895

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$925,105
Avg. Annual Appreciation
-12.89%
Original Mortgage
$1,500,000
Outstanding Balance
$1,474,957
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$2,349,938

Purchase Details

Closed on
Jul 1, 2020
Sold by
Rainey Investment Company Llc
Bought by
Hullett John R and Hullett Wanda R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,946,700
Interest Rate
3.2%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Payne Michael G $4,750,000 None Listed On Document
Hullett John R $2,425,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Payne Michael G $1,500,000
Previous Owner Hullett John R $1,946,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2024 01/31/24 Sold $4,750,000 -19.5% $637 / Sq Ft
12/08/2023 12/08/23 Pending -- -- --
10/11/2023 10/11/23 For Sale $5,900,000 0.0% $791 / Sq Ft
09/14/2023 09/14/23 Pending -- -- --
08/18/2023 08/18/23 For Sale $5,900,000 0.0% $791 / Sq Ft
04/26/2023 04/26/23 Pending -- -- --
03/21/2023 03/21/23 For Sale $5,900,000 -- $791 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $23,305 $1,558,968 -- --
2023 $23,305 $1,502,946 $0 $0
2022 $23,305 $1,463,905 $0 $0
2021 $23,478 $1,426,372 $0 $0
2020 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: OM655154

Stellar MLS

APN: 4764-009-000