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    Lake Bella Rd Lake Wales, FL 33898

    For Sale
    $600,000

    19.49 Acres, Citrus Grove, Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 19.49-acre property in Lake Wales, Florida, presents a unique investment opportunity. Currently operating as a productive citrus grove yielding all round oranges, this land offers immediate income potential. The property is conveniently located near shopping and restaurants, blending rural tranquility with urban accessibility. Currently zoned agricultural, the future land use designation permits one residential unit per five acres, making it ideal for creating five-acre ranchettes. Alternatively, the density could be significantly increased through the implementation of a Planned Unit Development (PUD). The presence of nearby public water access further enhances the development potential. This versatile land offers a compelling blend of established income generation and significant future development possibilities, making it an attractive proposition for investors and developers alike. The property's location in Polk County, Florida, with its zip code 33898, ensures easy access to local amenities and transportation networks. The address is Lake Bella Rd. The asking price for this remarkable property is $600,000.

    Property Features for 0 Lake Bella Rd

    General Information

    Property type
    Farms
    Lot Size
    848,984 SF

    HighLights

    • 20+/- acre citrus grove producing all round oranges.
    • Currently zoned agricultural; future land use allows one unit per five acres.
    • Ideal for five‑acre ranchettes or increased density via Planned Unit Development (PUD).
    • Public water access nearby.
    • Minutes from shopping and restaurants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lake Wales
    County
    Polk
    State
    Florida
    Longitude
    -81.576177281049
    Latitude
    27.861043508895

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    FAQs

    What type of property is this?
    Farm - 19.49 Acres, Citrus Grove, Development Potential
    Where is this farm located?
    The property is located at Lake Bella Rd Lake Wales, FL.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: 20+/- acre citrus grove producing all round oranges.; Currently zoned agricultural; future land use allows one unit per five acres.; Ideal for five-acre ranchettes or increased density via Planned Unit Development (PUD).
    Request Owner's contact information
    Lake Bella Rd Lake Wales, FL 33898
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    Realmo Value Estimation

    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.

    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.

    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
    Lake Bella Rd Lake Wales, FL 33898
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