16405 NW Highway 464b, photo 1
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Overview

4 bd5 ba5,993 sqft3 car garageFarm
TypeFarm
HOA$250/mo
Built2027
Lot564,538 sqft
Living area5,993 sqft
Price / sqft$500
Garage3 car

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

New construction · 2027

Different rules apply when you buy new

Build snapshot

Build year
2027
Builder
Ask the team — not on MLS
Community
EMERALD RIDGE EQUESTRIAN ESTATE LLC
Type
Farm

True monthly carry

HOA
~$250/mo
CDD bond
Yes — typically $1,500–$3,500/yr
Builder incentives
Ask — change weekly

What we'll do for you on a new build

Builder contract redlines

Builder contracts favor the builder. We mark up the clauses you should push back on before you sign.

11-month inspection

Your 1-year warranty expires quietly. We book an independent inspection at month 11 — saves $5K+ on average in caught defects.

Verified incentives

We verify the current builder incentives every time we walk a community. Rate buy-downs, design-center credits, closing costs — all itemized.

CDD heads-up.This community is in a Community Development District — there's a separate annual bond payment ($1,500–$3,500 typical) on top of HOA that builders often roll into the mortgage statement. Worth knowing before you write an offer.

About this home

Built-in FeaturesCathedral Ceiling(s)Ceiling Fans(s)Coffered Ceiling(s)Crown MoldingEat-in KitchenHigh CeilingsKitchen/Family Room Combo

16405 NW Highway 464b is a 2027-built home in Emerald Ridge Equestrian Estate LLC, Morriston. Inside you'll find 4 bedrooms, 5 bathrooms, and 5,993 square feet of living space. Listed at $2,998,000 (about $500/sqft), 17 days on market. Flood zone x - outside the FEMA high-risk areas, which keeps insurance manageable. HOA runs $250 monthly.

From the listing

Pre-Construction. To be built. Introducing EMERALD RIDGE EQUESTRIAN ESTATES a New gated community located in the officially recognized "HORSE CAPITAL OF THE WORLD" your opportunity to own in the heart of one of the most supported and active equestrian economies in the U.S., this is one of only eight lots with an exclusive private collection of Luxury Homes all including spacious paddocks, Barn, and resort-style outdoor living centered around a salt water luxury spa/pool and custom outdoor kitchen also featuring indoor smart-home technology and custom gourmet kitchens, premium appliances, granite countertops and ceramic flooring all to deliver modern sophistication. This 12.96 acre homesites Price includes " The Preakness Model", other lots are ranging from 10-18 acres. Located 10 minutes from WEC you will find world class dining, shopping and equine events. 15 minutes from HITS and world-renowned Diving in Williston's Devils Den, 10 minutes from the Beautiful Rainbow River in Dunnellon, 20 min from I 75, located close to the Geothe forest where you will find endless riding trails. With turnkey horse infrastructure and low HOA EMERALD RIDGE is designed for owners who want privacy, convenience, and World Class Equestrian access without compromise. This site comes with 2, 5 stall barns.

The essentials

Built
2027
Price / sqft
$500
On market
20 days
Annual tax
$1,998
HOA
$250/mo
Flood zone
X · Low risk
Lot
564,538 sqft
Type
Farm

At a glance

Farm or ranch
Built 2027
Private pool
Heated
3 car garage
Driveway
12.96 acres
Lot size
5,993 sqft
Living area

Payment

Est. monthly payment
$17,551/mo
Down payment (20%)
$599,600
Property taxes
$166/mo
HOA
$250/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Farm
Year Built
2027
Lot
564,538 sqft
Cooling
Central Air
Heating
Electric, Gas
Parking
Driveway, Garage Door Opener, Oversized, Workshop in Garage
Pool
In Ground, Heated, Lighting, Salt Water
Days on Market
20
Built-in Features
Cathedral Ceiling(s)
Ceiling Fans(s)
Coffered Ceiling(s)
Crown Molding
Eat-in Kitchen
High Ceilings
Kitchen/Family Room Combo
L Dining
Living Room/Dining Room Combo
Smart Home
Stone Counters
Walk-in Closet(s)
Awning(s)
Lighting
Outdoor Grill
Outdoor Kitchen
Private Yard
Gated Community - No Guard
Built-in Oven
Convection Oven
Cooktop
Dishwasher
Disposal
Dryer
Electric Water Heater
Exhaust Fan
Ice Maker
Microwave
Range
Range Hood
Refrigerator
Washer
Elementary
Dunnellon Elementary School
Middle
Dunnellon Middle School
High
Dunnellon High School

Districts can re-zone, so verify directly with the district before relying on these.

Homestead exemption on file In a CDD (Community Development District) Flood Zone x
Annual Tax (2025)
$1,998
Parcel #
12188-000-08

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
Emerald Ridge Equestrian Estate LLC
County
Marion
MLS Area
32668 - Morriston
Lot Size
564,538 sqft
ClearedFarmLandscapedPasturePavedZoned for Horses
HOA
$250/mo
To Be Determined

Price history

Date
Event
Price
10/6/2026
Price change
Source: Stellar MLS #OM732580
$2,998,000
$500/sqft
9/19/2026
Listed for sale
Source: Stellar MLS #OM732580
$2,998,500
$500/sqft

Neighborhood

16405 NW Highway 464b
Morriston, FL, 32668 · 32668 - Morriston

Market insights

Offer Insights

Choose an offer strength

List price: $2,998,000
$2.85M – $3.00M
95% – 100% of listTops out right at the list price
80% of listList price
31 of the last 61 home closings in 32668 landed at this number or higher (51%). The median one sat 59 days before it went under contract, and this one is on day 20 after a $500 cut.

Sample: 61 closed home sales in 32668 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$17,551/mo
Principal & interest$15,636
Property taxes$166
Insurance$1,499
HOA$250
Down payment20% · $599,600
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

$2,998,000

$500 per sq ft

Beds and baths

4 beds, 5 baths

Size

5,993 sq ft

Time on market

20 days

Year built

2027

Monthly payment

About $17,551/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $1,998 annual tax bill, insurance, and the $250/mo HOA fee.

HOA fee

$250/mo

Managed by To Be Determined.

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?

Have another question?

Brokered byPEGASUS REALTY & ASSOC INCListing agent: Helen BarbazonListing data from Stellar MLS, MLS# OM732580.

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