3761 Highway 231Cottondale, FL 32431

Description

Exceptional multi-family horse farm estate on 20 acres offering versatility, income potential, and endless possibilities. The main residence is a 3BR/2BA brick home featuring a split-bedroom floor plan and over 2,200 sq ft of living space. Recent updates include new appliances (2025), HVAC, and water heater, with metal roofs replaced in 2019. Kitchen includes a gas stove that can be converted back to electric if desired. The property is fully equipped for agricultural or business use with 4 septic systems and 2 wells. Step outside to a stunning 36x20 custom covered koi pond (3,000 gallons) with dual waterfalls--perfect for relaxing and entertaining. Equestrian facilities include a 40x100 horse barn with 7 stalls, tack room, feed room, and bathroom, plus an attached powered workshop/storage area and additional open shop space. A 19x73 lean-to houses a sawmill (negotiable). The land is fully fenced and cross-fenced into 5 pastures, all with water access, plus 2 chicken coops. Additional structures include a 20x12 metal building (office) with power and phone, and a 12x36 pole barn with RV hookups. The property is beautifully landscaped with mature oaks and a variety of fruit trees including peach, apricot, apple, pear, fig, chestnut, mulberry, and banana. Also included is a 2007 double-wide mobile home (4BR/2BA, 2,200+ sq ft) with split floor plan, wood-burning fireplace, and spacious kitchen/dining combo. This home sits on its own 10.33-acre parcel and may be purchased separately. An additional 2006 single-wide (3BR/2BA, 1,100+ sq ft) is negotiable and can remain or be removed prior to closing. Prime location on Hwy 231 (4-lane) with easy access north to Montgomery and south to Panama City, and just across from Hwy 73 into Marianna. Ideal for a family compound, horse boarding operation, or commercial venture.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Style

Ranch

Year built

1997

Building area

2,280 Sq Ft

Lot size

20.34 acres

Lot dimensions

1895x1504x1138

Days on market

196

MLS^® Listing#

789294

Property Features

Appliances

Electric Range · Electric Water Heater · Gas Range

Cooling

Central Air · Ceiling Fan(s) · Separate Meters

Heating

Central · Electric · Fireplace(s)

Flooring

Vinyl

Parking

RV Carport · RV Access/Parking

Lot features

Paved

Construction

Brick · Vinyl Siding

Roof

Metal

Other structures

Shed(s) · Workshop

Utilities

Electricity Available · Underground Utilities

Rooms

Financial Details

HOA

None

Annual taxes

$3,371Tax year 2025

Parcel number

17-5N-11-0000-0160-0000

Directions

From Cottondale, Travel North to the intersection of Hwy 231 & Hwy 73. The property will be on the Left just before you cross over. Do a u turn to get to the driveway to the property.