what would you be looking to see in a homestead/family farm property?

A well positioned, designed and maintained pond would be a high selling point.

Plant a weeping willow on the west bank of the pond.

What kind of utility access? NG? Solar panels? TV/Internet? I assume since close to town no issue with deliveries/access. What about bridges or other weight/axle limits?

Drainage?

Fences?

Any producing plants or trees? Blueberries, citrus, black berries, etc?

You mentioned a barn, what size and what’s included? Outbuildings and equipment would be an important factor.

OK, as is, what do you think this property could sell for in today's market?

I believe your money/time would be better spent on updating the house to appeal to more buyers and adding a few some small improvements outside to draw in the dreamer/hobby farm type.

1. A good shop with lots of storage and good work space.

2. Irrigation infrastructure

3. High Tunnel/Greenhouse (I would love to have one but the upkeep in SLA seems like a nightmare when they get wrecked after every storm).

4. Adding some fruit trees berry vines around the property.

Just read the thread and ME covered all my ideas. 2nd option would be to stick with what you know and tear down the house and replace with a barndominium/commercial type building with lots of open living space under roof inside and out.

I can tell you what we are doing on the 10 acre property we just purchased. I have my garden put in already, with plans to install an irrigation system and a small shed near the garden. I'm working on removing a useless hedge to replace with blueberries. I will eventually put in muscadines and blackberries, as well as some strawberry beds, and have already started a small orchard. The property has about 20 Pecan trees on it, as well as persimmons and mulberries. I will probably add some plum trees eventually.

On the acreage around the house, I'm eventually going to have chickens. That will involve some form of coop and yard for them. The remaining acreage will be used for livestock--mostly small livestock, but will probably keep a cow/calf pair, with the calf being for slaughter.

There's other things we are doing as well that aren't necessarily food producing, but will compliment everything else. Native plant gardens to support beneficial insects, pollinators, birds, etc., which will serve to pollinate and provide pest control for the food crops. It's also more sustainable due to less inputs to maintain.

It's really a holistic land management approach that we are talking. It's not just about producing the food, but being sustainable. If you want something highly marketable, look into permaculture. That's the way the homestead is going.

Generally good quality fencing around the area that can be monetized (be it around where you'll keep cattle, horses, trees, or crops).
Clean and secure barn with ample storage
No obvious risks of theft or trespassers
Good drainage
Fairly isolated, but still has access to high speed internet.