302 E Nebraska Avenue
Bonifay, FL 32425
MLS# 796448
5 beds | 4 baths | 4839 sqft
Property DescriptionWelcome to 302 E Nebraska Ave in Bonifay! This unique property offers two structures on one spacious 0.5-acre lot, creating an excellent opportunity for homeowners and investors alike.
The main residence features 5 bedrooms, 4.5 bathrooms, and approximately 3,715 sq ft, offering an expansive layout with plenty of room for comfortable living, entertaining, and personalization. The home provides an excellent foundation for a fix-and-flip or value-add investment, with opportunities to update and customize the interior to create a beautiful finished product.
The second structure adds even more versatility and potential. Previously used as a doctor's office, the building is configured for approximately 2 bedrooms and 1 bathroom, making it well suited for additional living space, a guest home, rental potential, an office, or other flexible uses.
With two properties on one lot, this is an attractive turnkey investment opportunity for buyers looking for multiple-use potential and investors seeking additional value from one purchase. The combination of a large primary residence and a separate secondary structure offers flexibility for rental income, multi-generational living, guest accommodations, or a future resale strategy.
Whether you're an investor looking for your next fix-and-flip, a buyer seeking a spacious home with additional property potential, or someone looking for a unique turnkey investment, 302 E Nebraska Ave offers plenty of space and opportunity in Bonifay.
Acreage: 0.5
Design: Traditional
Lot Size (SqFt): 21344
Apx SqFt(Htd/Cooled): 4839
Construction Status: Construction Complete
SqFt Source: Owner Measured
# of Stories in Building: 2
Accessory Dwelling Unit: No
Lot Dimensions: 150.0 ft x 140.0 ft
New Construction: No
Sub-Type: Detached Single Family
Bedrooms: 5
Full Baths: 4
Total Baths: 4
List Price/SqFt: 29.96
Status: Active
List Date: 2026-10-10
List Price: $145,000
Sub Area: 0802 - Holmes South-East
Community/Resort: None
Waterfront: No
High School: Holmes Co (HC)
Directions: From Highway 90 (US-90).
Turn Left onto S Waukesha St (SR-79).
Turn Right onto E Nebraska Ave
Home will be on the Right side.
Area: 08 - Holmes County
Street #: 302
Street Direction: E
Street Name: Nebraska
Street Suffix: Avenue
County: Holmes
Subdivision: Bonifay
Parcel ID: 0531.03-003-013-001.000
Legal Description: LOTS 1, 2, 3 & 4 BLK 13 OR 131/486 DES IN OR 137/ 410 DES IN OR 143/376 LESSLOT 4 DES IN OR 159/559 DES IN OR- 162/331 OR-204/755 OR-277/599 QC-OR324/215 WD-OR324/249 OR-546/598 WD-OR562/538
HOA Fee: No
New Buyer Fee: No
Last Taxes: 2484.38
Last Tax Year: 2025
Brokerage Interest: No Interest
Remarks: Welcome to 302 E Nebraska Ave in Bonifay! This unique property offers two structures on one spacious 0.5-acre lot, creating an excellent opportunity for homeowners and investors alike.
The main residence features 5 bedrooms, 4.5 bathrooms, and approximately 3,715 sq ft, offering an expansive layout with plenty of room for comfortable living, entertaining, and personalization. The home provides an excellent foundation for a fix-and-flip or value-add investment, with opportunities to update and customize the interior to create a beautiful finished product.
The second structure adds even more versatility and potential. Previously used as a doctor's office, the building is configured for approximately 2 bedrooms and 1 bathroom, making it well suited for additional living space, a guest home, rental potential, an office, or other flexible uses.
With two properties on one lot, this is an attractive turnkey investment opportunity for buyers looking for multiple-use potential and investors seeking additional value from one purchase. The combination of a large primary residence and a separate secondary structure offers flexibility for rental income, multi-generational living, guest accommodations, or a future resale strategy.
Whether you're an investor looking for your next fix-and-flip, a buyer seeking a spacious home with additional property potential, or someone looking for a unique turnkey investment, 302 E Nebraska Ave offers plenty of space and opportunity in Bonifay.
Foundation - Off Grade: 1
Roof - Asphalt: 1
Roof - Metal: 1
Siding - Wood: 1
Cable - Available: 1
Sewer Available: 1
Public Water - Available: 1
Financing: Cash; Conventional
Other Structures: Guest House
Utilities: Cable - Available; Sewer Available; Public Water - Available
| Room Name | Level | Dimensions | Length | Width |
| Bedroom | First | 12 x 12 | 12.00 | 12.00 |
| Kitchen | First | 10 x 9 | 10.00 | 9.00 |
| Bedroom | First | 12 x 12 | 12.00 | 12.00 |
| Bedroom | First | 12 x 12 | 12.00 | 12.00 |
| Bedroom | First | 12 x 12 | 12.00 | 12.00 |
Listing Office: Joseph Walter Realty LLC
Last Updated: October - 10 - 2026
Information deemed reliable but not guaranteed.