5540 SE 157th Street Rd #(Option 1), photo 1
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Overview

0 bd1 ba540 sqftFarm
TypeFarm
HOA$1,130/qtr
Built1992
Lot1,004,493 sqft
Living area540 sqft
Price / sqft$5,278

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

NingunoCourtyardCommunity MailboxDeed RestrictionsGated Community - No GuardGolf Carts OKHorses Allowed

5540 SE 157th Street Rd #(Option 1) is a 1992-built home in Silverleaf Hills, Summerfield. Listed at $2,850,000 (about $5,278/sqft), 316 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. HOA runs $1,130 quarterly.

From the listing

Premier 23.06± Acre Equestrian Facility in Marion County. A rare opportunity to acquire an established, professionally designed equestrian facility within Silverleaf Hills Equestrian Estates, a gated 768+ acre community in the heart of Marion County horse country. Situated high and dry with beautiful mature oaks and elevated views, this 23.06± acre farm was developed with commercial quality infrastructure and thoughtfully laid out for use as a breeding farm, show facility, training operation, sales facility or private equestrian estate. At the center of the property are 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 barns mirror one another across a Magnolia lined viewing lane and offer a total of 42 stalls, including two double foaling stalls. The 12' x 12' stalls feature rubber mats and wood lined lower walls, while the barns are equipped with LED lighting and fly systems. Supporting amenities include multiple tack rooms, office space, laundry facilities, break rooms, feed rooms, storage rooms and two breeding stocks, creating an efficient layout for a serious equestrian operation. The property features 22 paddocks, including 19 with oversized three-sided shelters constructed with steel on concrete/clay bases. Five board and no climb fencing, automatic waterers and thoughtfully designed access make daily farm management efficient and practical. Additional equestrian improvements include a round pen and six-horse hot walker housed beneath a covered structure. A circular drive and dedicated unloading area accommodate large horse trailers and commercial rigs, while underground drainage and substantial road infrastructure reflect the commercial quality construction found throughout the farm. Additional improvements include an oversized well and 50-amp RV hookup with its own dedicated septic system. Located in a NO FLOOD ZONE, the property offers exceptional flexibility for your future plans. Bring your own builder and create the residence of your choice with no required timeline to build. While planning your dream home, consider adding a barndominium attached to or adjacent to the barn, or simply bring your RV and take advantage of the existing 50-amp hookup and dedicated septic. Whether you envision this as your year round home in the heart of Marion County horse country or the perfect winter escape, you can begin enjoying the farm immediately while creating the residence and lifestyle that best suit your needs. 23.06± Acres | 42 Stalls | 16,200+ SF of Block Barns | 22 Paddocks | Covered 6-Horse Walker | Arena | Round Pen | RV Hookup & Septic Build the home you want, when you want it and enjoy the farm now as your year-round equestrian retreat or seasonal winter escape!

The essentials

Built
1992
Price / sqft
$5,278
On market
356 days
Annual tax
$3,490
HOA
$1,130/qtr
Flood zone
X · Low risk
Lot
1,004,493 sqft
Type
Farm

At a glance

Farm or ranch
Built 1992
23.06 acres
Lot size
540 sqft
Living area

Payment

Est. monthly payment
$16,957/mo
Down payment (20%)
$570,000
Property taxes
$291/mo
HOA
$1,130/qtr
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Farm
Year Built
1992
Lot
1,004,493 sqft
Cooling
Wall/Window Unit(s)
Heating
Ductless
Parking
-
Days on Market
356
Ninguno
Courtyard
Community Mailbox
Deed Restrictions
Gated Community - No Guard
Golf Carts OK
Horses Allowed
Flood Zone X
Annual Tax (2024)
$3,490
Parcel #
4764-39-000

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Silverleaf Hills
County
Marion
MLS Area
34491 - Summerfield
Lot Size
1,004,493 sqft
HOA
$1,130/qtr
Parklane

Price history

Date
Event
Price
9/26/2026
Price change
Source: Stellar MLS #OM710941
$2,850,000-4.7%
$5,278/sqft
-
Price change
Source: Stellar MLS #OM710941
$2,990,000-44.4%
$5,537/sqft
10/18/2025
Listed for sale
Source: Stellar MLS #OM710941
$5,375,000
$9,954/sqft

Neighborhood

5540 SE 157th Street Rd #(Option 1)
Summerfield, FL, 34491 · 34491 - Summerfield

Market insights

Offer Insights

Choose an offer strength

List price: $2,850,000
$2.80M – $2.85M
98.1% – 100% of listTops out right at the list price
80% of listList price
171 of the last 341 home closings in 34491 landed at this number or higher (50%). The median one sat 56 days before it went under contract, and this one is on day 356 after a $2,525,000 cut.

Sample: 341 closed home sales in 34491 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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Calculator

Est. monthly payment
$16,956/mo
Principal & interest$14,864
Property taxes$291
Insurance$1,425
HOA$377
Down payment20% · $570,000
Interest rate6.80%
Loan term

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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

$2,850,000

$5,278 per sq ft

Size

540 sq ft

Time on market

356 days

Year built

1992

Monthly payment

About $16,957/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 $1,130/qtr HOA fee.

HOA fee

$1,130/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.

Offer

What should I offer?

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Brokered byCOMPASS FLORIDA LLCListing agent: Chandler Marks, PAListing data from Stellar MLS, MLS# OM710941.

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