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About this home
5540 SE 157th Street Road is a 1992-built home in Silverleaf Hills, Summerfield. Listed at $3,195,000 (about $6,339/sqft), 390 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. HOA runs $2,382 quarterly.
This remarkable 33+ acre farm offers one of the most beautiful elevations in Marion County, with rolling terrain, majestic mature oaks and picturesque views overlooking a lake. Located within Silverleaf Hills Equestrian Estates, a newly developed gated community encompassing more than 768 acres, and is across the street to the Kentucky Derby winning training operation of McPeek Racing race track. Positioned near the heart of the community at one of its highest elevations, the property offers multiple premier homesites with expansive views and the opportunity to bring your own builder and create a truly exceptional private equestrian estate. The farm was developed with commercial quality infrastructure and thoughtfully designed for efficient use as a breeding, training, show or private equestrian facility. Underground drainage systems, improved roads and carefully planned circulation provide durability and ease of operation throughout the property. The farm consists of two parcels totaling 33+ acres, including a 23.06-acre primary equestrian parcel featuring two impressive Kentucky style block center aisle barns known as “The Twins.” Each barn encompasses approximately 8,100 square feet, providing more than 16,200 square feet of substantial block barn construction combined. The two barns mirror one another across a beautiful Magnolia-lined viewing lane and together offer 42 stalls, including two double foaling stalls. Each barn features 12' x 12' stalls, LED lighting, rubber mats, wood-lined lower walls and fly systems, along with multiple tack rooms, laundry facilities, office space, break rooms, feed rooms, storage rooms and two breeding stocks. A circular drive with a dedicated unloading side ramp provides convenient access for large trucks and horse trailers. The equestrian improvements continue with 22 paddocks, including 19 covered paddocks featuring oversized three-sided steel shelters constructed on concrete/clay bases, five-board and no-climb fencing and automatic waterers. Additional amenities outdoor round pen and six-horse hot walker housed beneath a covered structure. The property is further enhanced by an oversized well, 50-amp RV hookup with its own dedicated septic system, mature landscaping and multiple exceptional future building sites. Whether envisioned as a premier breeding farm, show facility, training operation or luxury private equestrian estate, this property offers an extraordinary combination of established infrastructure, elevation, views and flexibility in one of Marion County's most distinctive equestrian communities. Over 16,200 square feet of block barn construction, 42 stalls, 22 paddocks and premier equestrian infrastructure are already in place bring your own builder and create the ultimate Marion County equestrian estate.
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The essentials
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA is the fee reported on the listing. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$3,195,000
$6,339 per sq ft
Size
504 sq ft
Time on market
465 days
Year built
1992
Monthly payment
About $19,345/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $3,490 annual tax bill, insurance, and the $2,382/qtr HOA fee.
HOA fee
$2,382/qtr
Managed by Parklane.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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