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    Lot #2 MEADOWLARK BOULEVARD, Indian Lake Estates, FL 33855

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    For Sale
    $45,000

    Land - INDIAN LAKE ESTATES, FL

    Lot size:
    1.33 Acres
    Added:
    Sep 8, 2025
    Days on Market:
    271
    Last Refresh:
    Jun 5 at 12:06 am

    Property Features for Lot #2 MEADOWLARK BOULEVARD

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RESIDENTIA
    Security features
    Gated Community
    Pets allowed
    Yes
    Exterior features
    Unpaved
    Fencing
    Gate
    Standard status
    Active
    APN
    29-31-24-993285-000020
    Lot size
    1.33 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    90.85
    Expense value
    31.329999923706
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Lynne Halleran

    Listing agent Lynne Halleran License #3069442

    Listing office COLDWELL BANKER REALTY 230 N Kentucky Ave, Lakeland, FL

    Listing date Sep 8, 2025

    MLS# L4955649 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 1.33 acre lot in Indian Lake Estates, offering ample space to build a custom home.
    • Conveniently located near major attractions: 45 minutes to Disney World, 55 minutes to Kennedy Space Center and east coast beaches, and 1 hour to west coast beaches.
    • Access to Lake Weohyakapka (Lake Walk‑In‑Water) for boating and fishing, plus community amenities like golf, tennis, pickleball, and a country club.
    • Not in a flood zone, providing peace of mind and potentially lower insurance costs.
    • Option to connect to county water or drill a private well.
    • Access to the 1,000' fishing pier, the longest freshwater pier in Florida.

    Overview

    This 1.33-acre lot, located in Indian Lake Estates, presents an opportunity to build a home. The property is a blank canvas, as no clearing has been done. It is not located in a flood zone. Indian Lake Estates encompasses 7,500 acres and 700 lots, situated centrally in Florida. The location offers proximity to various attractions, including Disney World (45 minutes), the Kennedy Space Center and east coast beaches (55 minutes), and the west coast beaches on the Gulf (one hour). Residents can engage in lake activities such as boating and fishing on Lake Weohyakapka (Lake Walk-In-Water), as well as golf, tennis, pickleball, basketball, and country club activities. The community features a 1,000-foot fishing pier, identified as the longest freshwater pier in Florida. Several churches, a post office, a cafe, and a restaurant are located within the community. County water is available for connection, and private wells are also an option. Septic tanks are required on all lots. Lot #2 is also available next to this lot, which would give you 5.73 acres!
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Indian Lake Estates
    County
    Polk
    State
    Florida
    Longitude
    -81.366519
    Latitude
    27.775948

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    FAQs

    What type of property is this?
    Land - 1.33 acre lot in Indian Lake Estates, build your dream home!
    Where is this land located?
    The property is located at Lot #2 MEADOWLARK BOULEVARD Indian Lake Estates, FL.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: Large 1.33 acre lot in Indian Lake Estates, offering ample space to build a custom home.; Conveniently located near major attractions: 45 minutes to Disney World, 55 minutes to Kennedy Space Center and east coast beaches, and 1 hour to west coast beaches.; Access to Lake Weohyakapka (Lake Walk‑In‑Water) for boating and fishing, plus community amenities like golf, tennis, pickleball, and a country club.
    (813) 763-1881
    We can help!
    Listing Contact
    Lynne Halleran
    Real Estate License ID: 3069442
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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