302 E Nebraska Avenue, Bonifay, FL 32425 (MLS# 796448)


$145,000
302 E Nebraska Avenue
Bonifay, FL 32425
MLS# 796448
5 beds  |  4 baths  |  4839 sqft


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Property Description
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.

Details
Maps
General Property Info
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
Garage Y/N: No
Pool: No
Sub-Type: Detached Single Family
Bedrooms: 5
Full Baths: 4
Total Baths: 4
Year Built: 1950
Contract Info
List Price/SqFt: 29.96
Status: Active
List Date: 2026-10-10
List Price: $145,000
Current Price: $145,000
Location
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
State: FL
Zip Code: 32425
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
Listing Info, Tax and Legal
HOA Fee: No
New Buyer Fee: No
Last Taxes: 2484.38
Last Tax Year: 2025
Brokerage Interest: No Interest
Remarks & Misc
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.
Construction/Siding
Foundation - Off Grade: 1
Roof - Asphalt: 1
Roof - Metal: 1
Siding - Wood: 1
Other Structures
Guest House: 1
Financing
Cash: 1
Conventional: 1
Furnished
Unfurnished: 1
Kitchen
First: 1
Parking Features
Street: 1
Rooms
Bedroom: 1
Kitchen: 1
Utilities
Cable - Available: 1
Sewer Available: 1
Public Water - Available: 1
Sale Type
As Is: 1
Bedroom
First: 1
Property Features
Bedroom: First
Financing: Cash; Conventional
Furnished: Unfurnished
Kitchen: First
Parking Features: Street
Other Structures: Guest House
Rooms: Bedroom; Kitchen
Sale Type: As Is
Utilities: Cable - Available; Sewer Available; Public Water - Available
Room Information
Room Name Level Dimensions Length Width
BedroomFirst12 x 1212.0012.00
KitchenFirst10 x 910.009.00
BedroomFirst12 x 1212.0012.00
BedroomFirst12 x 1212.0012.00
BedroomFirst12 x 1212.0012.00

Listing Office: Joseph Walter Realty LLC

Last Updated: October - 10 - 2026

Information deemed reliable but not guaranteed.