Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Land on Ski Lakes Title is generated by Realmo AI

    13826 WINDFALL LANE, Odessa, FL 33556

    View on Map
    Claim this Listing
    For Sale
    $650,000

    Large waterfront lot on three ski-sized connected lakes.

    Type:Land or Vacant Lot
    Added:
    Jun 20, 2024
    Days on Market:
    711
    Last Refresh:
    May 27 at 7:49 am

    Property Features for 13826 WINDFALL LANE

    General Information

    Standard status
    Active
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    HOSS POLLARD

    Listing agent HOSS POLLARD License #3363158

    Listing office LPT REALTY

    Listing date Jun 20, 2024

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of LPT REALTY

    HighLights

    • Waterfront property on a chain of 3 ski‑sized, connected lakes, ideal for boating, water skiing, fishing, and kayaking.
    • Gated community with private beach area, boat ramp, multiple docks, grills, picnic tables, sand volleyball court, horseshoes, and designated swimming area.
    • Includes covered dock, well, septic tank, and drain fields already in place.
    • All impact fees have already been paid, saving time and money on building.
    • Community amenities include a playground, basketball court, and golf cart‑friendly streets.
    • Park‑like setting with majestic oak and cypress trees, creating a tranquil and picturesque environment.

    Overview

    This large waterfront property is located within a gated community on a chain of three connected ski-sized lakes. The property includes a covered dock, well, septic tank, and drain fields. The community offers a private beach area with a boat ramp, multiple docks, grills, picnic tables, a sand volleyball court, horseshoes, and a designated swimming area. A children's playground features a basketball court. The community is golf cart friendly, with tree-lined streets and majestic oak and cypress trees. The gated entrance ensures privacy and security. All impact fees have already been paid. The lakes are suitable for boating, water skiing, fishing, and kayaking. The private boat ramp and fishing dock provide easy access to water activities. The property is located in Odessa, Florida.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.586208
    Latitude
    28.1842728

    Nearby Similar for Sale

    • $1,000,000

      Corner Parcel on Gunn Highway

      1.22-acre corner parcel with frontage on Gunn Highway in Odessa.
      2014 GUNN HIGHWAY, ODESSA, FL 33556
      View Details
    • $5,995,000
      5,468 SF

      Equestrian Estate with Lakefront Acreage

      Gated 12+ acre lakefront parcel with new barn and garage.
      10101 TARPON SPRINGS ROAD, ODESSA, FL 33556
      View Details
    • $1,450,000

      Land - ODESSA, FL

      18040 GUNN HIGHWAY, ODESSA, FL 33556
      View Details
    • $3,060,000

      Lakefront Acreage in Keystone Corridor

      Pristine 10-acre property on spring-fed Lake Jackson.
      18150 BURRELL ROAD, ODESSA, FL 33556
      View Details
    • $3,060,000

      Lakefront Acreage in Keystone Corridor

      Rare 10-acre lakefront property in Odessa's Keystone corridor.
      18117 BOY SCOUT ROAD, ODESSA, FL 33556
      View Details
    • $1,250,000

      Spacious Odessa Land Development Opportunity

      2.5-acre property ideal for custom housing development or private estate.
      15438/15440 AZRA DR, ODESSA, FL 33556
      View Details
    • $1,250,000

      Spacious Odessa Land Development Opportunity

      2.5-acre property in Grey Hawk, perfect for custom housing development.
      15438/15440 AZRA DR, ODESSA, FL 33556
      View Details
    • $275,000

      Spacious Odessa Land Opportunity

      Land in a desirable area, ideal for remodeling or building.
      8412 PETERSON ROAD, ODESSA, FL 33556
      View Details
    • $325,000

      Spacious Odessa Land Opportunity

      Land in a sought-after area with limitless potential.
      8410 PETERSON ROAD, ODESSA, FL 33556
      View Details
    • $1,200,000

      Odessa Land with Road Access

      1.6 acres of land with direct road access.
      13243 INTERLAKEN Rd, Odessa, FL 33556
      View Details
    • $300,000
      47,045 SF

      Residential Lot in Odessa, Florida

      Over 1 acre lot zoned for agricultural single-family use.
      Peterson Rd, Odessa, FL 33556
      View Details
    • $250,000

      Residential Land in Developing Area

      Conservation lot suitable for manufactured or mobile home in Odessa.
      14969 OGDEN LOOP, ODESSA, FL 33556
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Large waterfront lot on three ski-sized connected lakes.
    Where is this waterfront land located?
    The property is located at 13826 WINDFALL LANE Odessa, FL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Waterfront property on a chain of 3 ski‑sized, connected lakes, ideal for boating, water skiing, fishing, and kayaking.; Gated community with private beach area, boat ramp, multiple docks, grills, picnic tables, sand volleyball court, horseshoes, and designated swimming area.; Includes covered dock, well, septic tank, and drain fields already in place.
    (877) 366-2213
    We can help!
    Listing Contact
    HOSS POLLARD
    Real Estate License ID: 3363158
    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

    Thank You for Inquiry
    13826 WINDFALL LANE, ODESSA, FL 33556
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!