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For saleVirtual tour

$7,995,000

9 beds5,500 sq ft267 acres

36225 Covington RoadDade City, FL 33525

Farms and ranches · MLS 11617656 · Listed 323 days ago (Dec 11, 2025)

Buddy Lake and Lake Pasadena · Lake or reservoir · Direct parcel frontage · Waterfront details

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For sale: Listed and available according to the MyStateMLS feed.

About this property

Set atop the high, rolling elevations of Dade City, Sheik Island Farm is a rare 267±-acre equestrian estate where intentional design and natural beauty align. The land's broad contours create steady breezes and sweeping vantage points, while mature oaks and 100-foot elevations frame uninterrupted views across manicured paddocks and the shimmering waters of Buddy Lake and Lake Pasadena. The elevated setting gives the farm a sense of openness and tranquility that endures throughout the year. Developed in the late 1990s by a family deeply involved in competitive equestrian sport, the estate was crafted over several years in partnership with Blackburn Architects, the nation's leading experts in equine-safe, performance-focused design. Their influence is evident throughout: purposeful sightlines, natural ventilation, intuitive circulation patterns, and structural features tailored to high-level equine care. Conceived from the outset as a complete equestrian destination, the property integrates roads, paddocks, barn orientations, natural drainage systems, and residential placements with deliberate operational flow. Paddocks are arranged for efficient movement and supervision; barns are positioned to capture prevailing breezes; and residences offer privacy while remaining closely connected to the daily workings of the farm. A network of resurfaced shell and grassed roadways ensures smooth access between barns, arenas, and pastures in every season. Horses, staff, vehicles, and equipment move through dedicated lanes without interference, and the alignment of barns reduces steps, improves oversight, and streamlines daily routines. The result is an estate that delivers both beauty and dependable functionality-day after day, year after year.

Description provided by the listing brokerage.

MLS-reported waterfront

Waterfront details

The listing represents the offered parcel itself as adjoining the water. This is what the listing reports, not a survey or a title finding.

Relationship to the water
Direct parcel frontage
Water body
Buddy Lake and Lake Pasadena (as reported)Name as reported by the listing (not matched to a mapped water body)
Frontage length
Not provided. Ask the listing agent.
Water access arrangement
Not provided. Ask the listing agent.
Docks, slips, lifts, moorings
Not provided. Ask the listing agent.
Dock depth
Not provided. Ask the listing agent.
Shoreline
Not provided. Ask the listing agent.
Seasonal or tidal conditions
Not provided. Ask the listing agent.
Boating limits (bridges, depth, open-water access)
Not provided. Ask the listing agent.
Why this is listed as waterfront
  • WaterfrontYN “Yes”: The listing is marked waterfront.
  • WaterfrontFeatures “Lake Front”: Includes a "… Front" value describing frontage.
  • PropertyTypeDetail “farm-estate”: Property form used to read the frontage relationship.

Classified from fields in the MyStateMLS listing data. It has not been independently verified, and it is not a survey, title examination or legal determination of shoreline or access rights. Rules version 2026-10-29.1. How we classify waterfront

Something wrong with this classification? Report a waterfront classification issue. Questions about frontage, docks or access are best answered by Shea Booster of SAUNDERS REAL ESTATE.

Facts

List price
$7,995,000
Status
For sale
Property type
Farm or estate
Bedrooms
9
Full baths
5
Interior area
5,500 sq ft
Lot size
267 acres
Stories
2
County
Pasco County
MLS number
11617656
Annual property tax (2025)
$13,799

Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them.

Farm and ranch details

Water source
Well
Fencing
Fenced

Features

Interior

  • Walk-In Closet(s)
  • Master Downstairs

Exterior

  • Generator

Appliances

  • Washer
  • Stainless Steel Appliance(s)
  • Range
  • Microwave
  • Water Heater
  • Refrigerator
  • Dryer
  • Dishwasher

Flooring

  • Tile
  • Hardwood
  • Carpet

Parking

  • Driveway

Construction

  • Wood Siding
  • Stone

Roof

  • Asphalt

Water

  • Well

Sewer

  • Septic Tank

Lot

  • Sprinklers In Front

Virtual tours

Location

The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or shoreline, and no flood, wetland or hazard conclusion should be drawn from it. See more listings in Dade City.

Price and status history

    Changes observed by Waterfront Homes in MyStateMLS data since Oct 29, 2026. This is not a public-record sales history; MyStateMLS does not publish sold prices.

    Estimate a monthly payment

    $1,599,000
    Illustrative. Replace with a quote from your lender.
    From the listing (tax year 2025). Taxes can change after a sale.
    Get a quote; rates vary widely by location.
    Manufactured homes on a leased lot.
    Applied only while the loan is over 80% of the price. Illustrative.

    Estimated monthly payment

    $43,910 per month

    Principal and interest$40,427
    Property tax$1,150
    Homeowners insurance$2,333
    Loan amount$6,396,000
    Total interest over the term$8,157,745

    An estimate for comparison only, not a loan offer or approval. Actual rates, taxes, insurance, PMI and fees depend on your lender, credit, location and loan program.

    Questions to ask before you buy

    Questions worth investigating for any waterfront property. They are not claims that this property has a problem or meets any condition.

    1. Who owns the shoreline and the land under the water, and are there easements or public-access rights along it?Ownership can stop at a high-water line, a survey line or a seawall. A title search and survey answer this, not the listing.
    2. Is a dock, slip, lift or mooring included, and do the rights transfer to you?Docks can be shared, leased, assigned by an association or held under a permit that does not automatically transfer.
    3. What permits exist for the dock, seawall or other shoreline structures, and what would new work require?Shoreline work is often regulated by local, state and federal agencies.
    4. How much does the water level change by season, by tide or by reservoir management?Depth at a dock in one season can differ a lot in another.
    5. What does flood insurance cost for this property, and what does the current flood map show?Get a quote from an insurer or agent. A flood zone is not a premium, and no zone does not mean no risk.
    6. What maintenance does the shoreline need (seawall, bulkhead, riprap, erosion), and what has been done recently?Shoreline structures are expensive to repair; ask for records and inspection reports.
    7. How are water, sewer or septic, and power provided?Waterfront septic systems and wells can have extra rules and inspections.
    8. How do you reach the property by road year-round, and who maintains that road?Some waterfront roads are private, seasonal or shared.
    9. What local rules apply: rentals, docks, boat lifts, fences, tree removal, setbacks?Rules come from the town, county, state, lake authority or association and vary widely.

    Printable due-diligence checklist · Ownership budget planner · FEMA Flood Map Service Center (official flood maps; look up the address yourself)

    Guides and next steps

    Listing courtesy of SAUNDERS REAL ESTATE. Listing agent: Shea Booster. Listings provided by MyStateMLS.

    Listing last updated by the brokerage Sep 28, 2026, 2:09 PM UTC. Waterfront Homes last received MyStateMLS data Oct 30, 2026, 4:31 PM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing agent.