Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Canal Front Residential Lots Title is generated by Realmo AI

    28 And 30 AMARYLLIS DRIVE, Indian Lake Estates, FL 33855

    View on Map
    Claim this Listing
    For Sale
    $185,000

    Land - INDIAN LAKE ESTATES, FL

    Lot size:
    1.00 Acre
    Added:
    Jan 21, 2026
    Days on Market:
    136
    Last Refresh:
    Jun 6 at 10:06 pm

    Property Features for 28 And 30 AMARYLLIS DRIVE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    PUD
    Security features
    Gated Community
    Pets allowed
    Yes
    Exterior features
    Paved
    Fencing
    Gate
    Standard status
    Active
    APN
    29-31-01-994070-026703
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    652.59
    Expense value
    33.020000457764
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Utilities

    Water front features
    Canal - Freshwater, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Laura Carter

    Listing agent Laura Carter License #3466616

    Listing office SIGNATURE REALTY ASSOCIATES 2234 Lithia Center Ln, VALRICO, FL

    Listing date Jan 21, 2026

    MLS# TB8467412 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

    • Two lots sold together totaling 1 acre in Indian Lake Estates
    • 295 ft of canal waterfront frontage (freshwater) with canal access to Lake Weohyakapka
    • Canal and waterfront setting with a gate‑fenced property and paved exterior access
    • Well and septic are required; electric is noted as the only utility bill
    • Annual community licensing fee for 2026 is $396.27 per parcel
    • West‑facing lot with sunset views over the lake from a future front porch

    Overview

    This offering combines two residential lots sold together, totaling 1 acre, with waterfront frontage along a canal. The property provides 295 feet of canal frontage and is described as the only 1-acre listing on the canal within the surrounding area. The canal access is positioned as leading toward Lake Weohyakapka, supporting a water-oriented build site. The parcels are intended for residential development, with the ability to build one home or keep the lots separated and build two residences.

    The property is located within Indian Lake Estates in Polk County, Florida, with the canal front orientation noted as facing west. The listing states the roads within the community are private. Utilities are described as requiring well and septic, with electric as the primary utility bill.

    For buyers planning a home in the community, the listing highlights an on-site clubhouse and recreational amenities, including golf access and multiple activities. The community licensing fee for 2026 is stated as $396.27 per parcel, and the listing describes on-site restaurants and additional dining within the community. The combination of canal frontage, build flexibility, and community amenities may appeal to residents seeking a waterfront setting within Indian Lake Estates.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Indian Lake Estates
    County
    Polk
    State
    Florida
    Longitude
    -81.379435
    Latitude
    27.807436

    Nearby Similar for Sale

    • $225,000
      1,940 SF

      Unique Duplex on Large Lot

      Duplex on 2.5 acres, formerly a church, with rental potential.
      52 DELAND AVENUE, INDIAN LAKE ESTATES, FL 33855
      View Details
    • $105,000

      Cleared Canal Lot Ready to Build

      Cleared canal lot in Indian Lake Estates ready for construction.
      9 AVOCADO DRIVE, INDIAN LAKE ESTATES, FL 33855
      View Details
    • $11,000

      Wooded Residential Lot in Gated Community

      Half-acre wooded homesite with high-and-dry terrain and gravel road access within a gated recreation-focused community.
      821 Belmonte Drive, Indian Lake Estates, FL 33855
      View Details
    • $130,000

      Waterfront Lot on Lake Weohyakapka

      Half-acre lot with direct access to a renowned fishing lake.
      2 AMARYLLIS DRIVE, INDIAN LAKE ESTATES, FL 33855
      View Details
    • $14,900

      Half Acre Vacant Lot

      Vacant lot in gated community with many amenities.
      1020 ALTHEA DRIVE, INDIAN LAKE ESTATES, FL 33855
      View Details
    • $23,000

      Acre Land in Gated Community

      Two side-by-side lots in Indian Lake Estates, Florida.
      915 LAGUNA DR, INDIAN LAKE ESTATES, FL 33855
      View Details
    • $19,999

      Corner Lot in Gated Community

      0.60-acre corner lot in Indian Lake Estates, Florida.
      402 LAGUNA DRIVE, INDIAN LAKE ESTATES, FL 33855
      View Details
    • $18,500

      Residential Lot in Indian Lake

      Spacious 0.5-acre lot in Central Florida's Indian Lake Estates.
      219 Magnolia Drive, Indian Lake Estates, FL 33855
      View Details
    • $19,999

      Corner Lot in Gated Community

      0.60-acre corner lot in Indian Lake Estates, Florida.
      402 LAGUNA Drive, Indian Lake Estates, FL 33855
      View Details
    • $21,900

      Cleared Lot with Water Connection

      Half-acre lot in waterfront golf community, no septic needed.
      513 PALM AVENUE, INDIAN LAKE ESTATES, FL 33855
      View Details
    • $19,900

      Half-Acre Lot in Lake Community

      Spacious lot in Central Florida's lakefront community, ideal for building.
      6 EL DORADO DRIVE, INDIAN LAKE ESTATES, FL 33855
      View Details
    • $28,000

      Oversized Corner Lot in Lake Community

      0.55 acre buildable lot with lake access and amenities.
      3250 PLUMOSA DRIVE, INDIAN LAKE ESTATES, FL 33855
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Two contiguous residential lots with canal frontage provide a buildable site with room to spread out.
    Where is this waterfront land located?
    The property is located at 28 And 30 AMARYLLIS DRIVE Indian Lake Estates, FL.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: Two lots sold together totaling 1 acre in Indian Lake Estates; 295 ft of canal waterfront frontage (freshwater) with canal access to Lake Weohyakapka; Canal and waterfront setting with a gate‑fenced property and paved exterior access
    (863) 703-6006
    We can help!
    Listing Contact
    Laura Carter
    Real Estate License ID: 3466616
    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
    28 And 30 AMARYLLIS DRIVE, INDIAN LAKE ESTATES, FL 33855
    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!