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$600,000
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Property Description
EXCEPTIONAL 118 ACRE PROPERTY WITH MULTIPLE INCOME-PRODUCING RENTAL UNITS-ENDLESS POTENTIAL!! Welcome to a rare opportunity to own 118 pristine acres of versatile land with a ready - to- stock private pond, perfectly positioned for investment, development, recreation, or private enjoyment. This expansive property features the perfect blend of agriculture, open pastures, wooded areas, natural beauty, and limitless potential and possibilities. HIGHLIGHTS INCLUDE...PERFECT FOR INVESTORS OR HOMESTEADERS - Build now or hold as long-term investment in rapidly-growing Jay, Florida. 118 DIVERSE ACRES - Ideal for farming, ranching, hunting, homesteading, or future development. MULITPLE RENTAL PROPERTIES and THREE RV SITES - Five single-family homes (Sold AS IS) on site, currently generating steady income. Ample space to add more rental homes, cabins, additional RV sites, or even a family compound. UTILITIES IN PLACE - Water, electric and septic systems are already established for the rental units, making expansion or upgrades easier. PRIVATE & ACCESSIBLE - Secluded feel with easy access to major highways or nearby towns. ZONED FOR AGRICULTURE/RESIDENTIAL USE - Flexible zoning allows for farming, equestrian use, a private retreat, or future development. Whether you're an investor looking for cash flow and land appreciation, a developer seeking a large parcel with income potential, or a family dreaming of a private estate with income-producing rentals - this property checks every box. Don't miss your chance to own this One-of-a-kind land opportunity. Contact us today for a private tour.
Full Property Details
Full Property Details for 5851 Greenwood Rd
General
- Sold For: $600,000
- Status: Closed
- Type: Acreage
- Source: Pensacola
- MLS ID: 643220
- Added to Site: 671 day(s) ago
Rental Information
- Lease/Rent Term: 12 Months
Location
- County: Santa Rosa
- Driving Directions: Hwy 87 North towards Jay past Allentown, Turn West on 399, right on Greenwood Road property on right about a half mile
School Information
- Elementary School: Jay
- Middle School: JAY
- High School: Jay
Utilities
- Sewer: Septic Tank
- Water: Comm Water, Private
Structural Information
- Current Bldg. Use: Agricultural, Mobile Home, Residential
Lot Features
- Lot Size (Acres): 118
- Frontage: County Road
- Street/Road Desc.: Paved
- Topography: Rolling
- Lot Features: Central Access, Cleared, Pond On Lot
- Zoning: Agricultural, County, Horses Allowed, Mobile Homes, Res Single
Horse Property
- Horse Property: Yes
Water Features
- Water Front: Yes
- Water Front Desc.: Pond, Natural
Financial Considerations
- Price Per Sq. Ft.: $5,084.75
Disclosures and Reports
- Documents Avail.: Survey
- Property ID: 315N28000000502000
Listed and Sold by Janet Coulter Realty
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Schools
Schools serving 5851 Greenwood Rd
School District:Santa Rosa County School District
| Name | Grades | Distance |
|---|---|---|
Jay Elementary School 13833 South Alabama Street, Jay, FL 32565 | PK-6 | 5.3 mi |
Jay High School 3741 School Street, Jay, FL 32565 | 7-12 | 5.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5851 Greenwood Rd
Date
Details
Price
Change
Source
12/05/2025
Sold
$600,000
-20%
MLS
6/27/2025
Price Reduced
$750,000
-13.79%
MLS
4/16/2025
Price Reduced
$870,000
-10.31%
MLS
7/18/2024
Price Reduced
$970,000
-19.17%
MLS
4/05/2024
Listed
$1,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5851 Greenwood Rd, Jay, FL 32565 (MLS# 643220) is a Acreage property that was sold at $600,000 on December 05, 2025. Want to learn more about 5851 Greenwood Rd? Do you have questions about finding other Acreage real estate for sale in Jay? You can browse all Jay real estate or contact a Coldwell Banker agent to request more information.

