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    1006 Bougainville Dr Indian Lake Estates, FL 33855

    Sponsored
    For Sale
    Contact for pricing

    Half-acre lot, build your dream home.

    Property size:
    21,802 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 0.5-acre vacant land parcel, located at 1006 Bougainville Drive in Indian Lake Estates, Florida, presents a unique opportunity for building a new home. The property boasts a generous 21,802 square feet of space, offering ample room for a custom-designed residence, landscaping, and outdoor amenities. Situated within the ILE community, this lot enjoys a tranquil country setting with convenient access to paved and unpaved streets ideal for walking, biking, or golf cart rides. The location provides a balance of peaceful living and proximity to essential services. Shopping, a hospital, and local recreational activities are approximately 20 minutes away, while Vero Beach is roughly an hour's drive via Highway 60. The community offers a lake access amenity, included in the annual HOA fee of $340. Local building codes require concrete block construction for new homes, with no specified timeframe for construction commencement. This property is approximately 20 miles east of Lake Wales. Buyers are responsible for independently verifying all provided information. This is an excellent opportunity to create your ideal Florida lifestyle.

    Property Features for 1006 Bougainville Dr

    General Information

    Property type
    Land
    Square Feet
    21,802 SF
    Lot Size
    21,780 SF

    HighLights

    • 0.5‑acre vacant lot in Indian Lake Estates, FL.
    • 21,802 sq ft lot, ample space for a custom home.
    • Tranquil country setting with convenient access to paved and unpaved roads.
    • ~20 minutes to shopping, hospital, and recreation; ~1 hour to Vero Beach.
    • Lake access included in $340 annual HOA fee.
    • Concrete block construction required per local building codes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Indian Lake Estates
    County
    12105
    State
    Florida
    Longitude
    -81.375568
    Latitude
    27.818713

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    FAQs

    What type of property is this?
    Land - Half-acre lot, build your dream home.
    Where is this land located?
    The property is located at 1006 Bougainville Dr Indian Lake Estates, FL.
    What is the asking price?
    The asking price for this property is $17,500.
    What are key features of this property?
    This property features: 0.5-acre vacant lot in Indian Lake Estates, FL.; 21,802 sq ft lot, ample space for a custom home.; Tranquil country setting with convenient access to paved and unpaved roads.
    Request Owner's contact information
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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
    1006 Bougainville Dr Indian Lake Estates, FL 33855
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