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    Miami St Lake Wales, FL 33853

    For Sale
    $450,000

    9.53 Acres, 57 Lot Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 9.53-acre development site in Lake Wales, Florida, presents a unique investment opportunity. Currently operating as a citrus grove, the property is zoned for residential development, with the potential to create up to 57 individual lots. The zoning allows for a medium density of up to six residential units per gross acre, offering significant flexibility in development plans. A key advantage is the property's attractive lake frontage on Lake Altamaha, providing stunning views and desirable waterfront living. Its prominent location, visible from US 27, ensures high visibility and accessibility. The property's APN is 273011 000000 033030. Located on S Miami Street, Lake Wales, FL 33853 (27.890413, -81.5977219), this site is ideally situated in Polk County. The asking price for this prime development land is $450,000. This is a rare chance to acquire a substantial parcel with significant development potential in a desirable Florida location. The combination of lake frontage, high visibility, and zoning flexibility makes this an exceptional opportunity for residential developers seeking a prime location to build a thriving community.

    Property Features for 0 Miami St

    General Information

    Property type
    Land
    Lot Size
    415,127 SF

    HighLights

    • Excellent residential development opportunity.
    • Potential for 57 buildable lots.
    • Lake Altamaha frontage.
    • High visibility from US Highway 27.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lake Wales
    County
    Polk
    State
    Florida
    Longitude
    -81.5977219
    Latitude
    27.890413

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    FAQs

    What type of property is this?
    Land - 9.53 Acres, 57 Lot Potential
    Where is this land located?
    The property is located at Miami St Lake Wales, FL.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Excellent residential development opportunity.; Potential for 57 buildable lots.; Lake Altamaha frontage.
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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
    Miami St Lake Wales, FL 33853
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