Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7 Wake Court Placida, FL 33946

    View on Map
    Claim this Listing
    For Sale
    $39,200

    LAND - Placida, FL

    Lot size:
    0.18 Acres
    Added:
    Mar 31, 2023
    Days on Market:
    1122
    Last Refresh:
    Apr 25 at 11:06 am

    Property Features for 7 Wake Court

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Grassed, Brush
    Standard status
    Active
    APN
    412129353001
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Description
    RSD 001 0010 0033 ROTONDA SANDS UN1 BLK10 LT33 2313/536 2616/2142 2742/113 TD3927/786 3983/511 4054/1851 4403/2029
    Tax Annual Amount
    377

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Jeff Levitre
    Jeff Levitre

    Listing agent Jeff Levitre License #258019880

    Listing office Realty One Group MVP 7370 College Parkway, # 212, Fort Myers, FL

    Listing date Mar 31, 2023

    MLS# 223022934 Listing URL

    Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Vacant Lot in Rotonda Sands

    Located at 7 Wake Court in Placida, Florida, this vacant lot is situated in the Rotonda Sands deed-restricted community. The property offers a southern rear exposure and is positioned on a cul-de-sac. The 0.18-acre lot presents an opportunity to construct a pool home. Its location provides convenient access to Gulf of Mexico beaches, golf courses, shopping venues, and local bars and restaurants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Kitchen & Bath Showroom Bar & Pub Storage Facility Electrical Service Furniture & Home Goods Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Placida
    County
    Charlotte
    State
    Florida
    Longitude
    -82.23939
    Latitude
    26.873979

    Nearby Similar for Sale

    • $429,000

      Waterfront Lot in Gated Community

      Waterfront lot with community amenities and Gulf access.
      13240 ANGLERS WAY, PLACIDA, FL 33946
      View Details
    • $3,900,000

      Waterfront Land Near Boca Grande

      4.37 acre waterfront property with redevelopment potential near Boca Grande.
      12500 PLACIDA ROAD, PLACIDA, FL 33946
      View Details
    • $46,900

      Oversized Lot in Placida, FL

      Partially cleared 0.33-acre lot in deed-restricted community.
      8 DOCK DRIVE, PLACIDA, FL 33946
      View Details
    • $34,900

      Residential Lot in Placida, FL

      Vacant lot in coastal community, ideal for building your dream home.
      1 Hull Ct lot: 66, PLACIDA, FL 33946
      View Details
    • $699,900

      Rotonda Sands Storage Land Opportunity

      1.52 acres in Placida, Florida, ideal for storage or development.
      102 HARNESS ROAD, PLACIDA, FL 33946
      View Details
    • $41,000

      Oversized Building Lot in Placida

      Building lot in deed restricted community with public utilities.
      80 COXSWAIN CIRCLE, PLACIDA, FL 33946
      View Details
    • $19,000

      Placida, FL Land Available

      Land in Placida, close to amenities and Englewood Beach.
      5 Hull Court, Placida, FL 33946
      View Details
    • $24,900

      Vacant Land in Growing Neighborhood

      Vacant parcel for custom home in desirable coastal location.
      6 BERTH COURT, PLACIDA, FL 33946
      View Details
    • $420,000

      Waterfront Land in Gated Community

      Prime canal-front lot with Gulf access and community amenities.
      13230 ANGLERS WAY, PLACIDA, FL 33946
      View Details
    • $84,000

      Waterfront Homesite in Gated Community

      0.61-acre waterfront homesite with private boat dock in Placida, FL.
      10121 CREEKSIDE DRIVE, PLACIDA, FL 33946
      View Details
    • $49,900

      Waterfront Lot in Placida, Florida

      Lakefront lot in Placida, perfect for a custom dream home.
      24 WINDWARD LANE, PLACIDA, FL 33946
      View Details
    • $31,900

      Oversized Corner Lot in Placida

      Corner lot near boating ramp, utilities available, ready to build.
      15 WINDWARD LANE, PLACIDA, FL 33946
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant lot in deed restricted community of Rotonda Sands.
    Where is this residential land & home lot located?
    The property is located at 7 Wake Court Placida, FL.
    What is the asking price?
    The asking price for this property is $39,200.
    What are key features of this property?
    This property features: Vacant lot in the desirable, deed‑restricted community of Rotonda Sands.; Southern rear exposure ideal for a pool with all‑day sun.; Cul‑de‑sac location.
    (239) 297-0429
    We can help!
    Listing Contact
    Jeff Levitre
    Jeff Levitre
    Real Estate License ID: 258019880
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!