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Harrison Lilly

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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1279 Gavin Rd , Bonifay, FL 32425
$1,200,000
Est. Payment: $6,086.17/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 7
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
Owner/Operator

House Description

164-Acre Premier Farm & Investment Property - Exceptional opportunities like this are becoming increasingly rare. This outstanding 164-acre farm in Holmes County, Florida offers a unique combination of productive farmland, timber value, hunting, recreational amenities, and tremendous long-term investment potential. Unlike the typical wet, wooded recreational tract, this is a clean, productive, high-quality farm with approximately 80 acres of cleared farmland and 65 acres of mature timber, offering both immediate agricultural income and future timber value. Adding immediate cash flow, the 80 acres are currently leased to a local farmer, providing income while preserving the property's agricultural tax advantages. The property consists of four adjoining parcels totaling 165.7 acres: • Approximately 94 acres • Approximately 37 acres • Approximately 18 acres • Approximately 15 acres One of the property's most valuable features is its private road that has already been professionally surveyed and officially recorded, creating outstanding future development potential. The farm also includes two separately owned 100-foot road frontage access points (not easements), making future subdivision into 10- to 15-acre homesites both practical and desirable. Adding even more investment value, the property already includes seven surveyed and recorded (Approximately) 1½-acre lots. A new owner could develop and begin selling these lots immediately, creating additional revenue that can significantly reduce the overall investment cost. Outdoor enthusiasts will appreciate the abundant wildlife found throughout the property. Healthy populations of white-tailed deer, wild hogs, and wild turkeys make this an outstanding destination for hunting while still maintaining its productive farming operation. The property also has a proven agricultural history. The former owner successfully operated a cattle farm, and much of the perimeter is already enclosed with barbed-wire fencing, making it well suited for livestock, farming, or continued agricultural use. A beautiful fishing pond creates the perfect setting for family recreation, fishing, camping, or simply enjoying the quiet beauty of country living. The campground area is already equipped with its own well and electrical service, making it ideal for RVs, family gatherings, or future improvements. A recent professional survey with clearly marked white boundary markers eliminates uncertainty and makes property lines easy to identify. With approximately 2,400 feet of road frontage, access and future development opportunities are exceptional. The farm is conveniently located approximately 12 miles from Bonifay and only about 60 miles from the white sandy beaches of Panama City Beach, allowing you to enjoy peaceful country living while remaining within easy reach of shopping, dining, and Florida's Gulf Coast. Property Highlights • 163 acres in Holmes County, Florida • Approximately 80-100 acres of productive cleared farmland • Approximately 65 acres of mature timber with timber value • Four contiguous parcels • Approximately 2,400 feet of road frontage • Seven surveyed and recorded 1½-acre lots ready to sell • Private surveyed and recorded interior road • Two owned 100-foot road frontage access points (not easements) • Excellent potential for subdivision into 10- to 15-acre homesites • Campground area with its own well and electric service • Beautiful fishing pond • Excellent deer, turkey, and wild hog hunting • Former cattle farm with much of the perimeter already fenced • Mature timber with long-term value • Grand gated entrance with mature palm trees • Recent professional survey with clearly marked boundaries • Wired for high speed internet • Generator plug installed at the breaker box Note There is also a brand-new 2,130-square-foot 2026 Timberland manufactured home situated on 1.38 acres with road frontage on the prop

Highlights

Listed by Angelina C Bell , 850-373-8349 Chipola Realty , 850-482-7788. Bay County Association of REALTORS

Property Type

Vacant Land

Lot/Acreage
164

County

Holmes

Area

08 - Holmes County

Neighborhood

[No Recorded Subdiv]

Listing ID

794209

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Lot Dimensions:irregular
Principal Interest
$6,086
Taxes
$29

Home Price

$1,200,000

Loan Details

30 yrs
6.529%

Down Payment

20%
$240,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,086.17

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,086.17 $29.04 $0.00 $6,115.22
Yearly $73,034.08 $348.50 $0.00 $73,382.58
Total $2,191,022.49 $10,455.00 $0.00 $2,201,477.49

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Bonifay, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bay County Association of REALTORS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-20T06:33:19.000Z

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