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    1016 Fl-17 Frostproof, FL 33843

    For Sale
    $1,055,000

    10.55 Acres, Prime Residential Development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional investment opportunity encompasses three contiguous parcels totaling approximately 10.55 acres in Frostproof, Florida. Strategically located at the intersection of County Road 17 and Fort Meade Road, this property presents significant potential for future residential development. The parcels, individually sized at approximately 7.54 acres, 2.83 acres, and 0.18 acres, are currently zoned Agricultural (AG) with a designated Future Land Use of Residential, aligning perfectly with the area's growth trajectory. The land benefits from its proximity to major distribution centers, including Ferguson and Lowe's, located less than a mile away. Furthermore, this property is situated within an Opportunity Zone, offering potential tax advantages. The location provides easy access to numerous Florida attractions, including LEGOLAND, Walt Disney World, and Sebring Raceway, all within an hour's drive. Frostproof's business-friendly tax climate in Polk County adds to the investment appeal. The area also boasts a desirable recreational lifestyle, with access to excellent fishing lakes, golf courses, nature trails, and state parks. An additional approximately 4.27 acres is available for purchase nearby, presenting an opportunity to expand the development footprint. The asking price for this exceptional property is $1,055,000. Parcel numbers are 28-32-04-980000-005170, 28-32-05-000000-011040, and 28-32-05-983610-000031.

    Property Features for 1016 Fl-17

    General Information

    Property type
    Land

    HighLights

    • 10.55‑acre assemblage of three contiguous parcels in Frostproof, FL, ideally situated at CR 17 & Fort Meade Rd.
    • Zoned Agricultural (AG) with Residential Future Land Use designation.
    • Proximity to major distribution centers (Ferguson, Lowe's) and located in an Opportunity Zone.
    • Asking price: $1,055,000; Parcel numbers: 28‑32‑04‑980000‑005170, 28‑32‑05‑000000‑011040, 28‑32‑05‑983610‑000031.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Frostproof
    County
    Polk
    State
    Florida
    Longitude
    -81.531228
    Latitude
    27.729795

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    FAQs

    What type of property is this?
    Land - 10.55 Acres, Prime Residential Development
    Where is this land located?
    The property is located at 1016 Fl-17 Frostproof, FL.
    What is the asking price?
    The asking price for this property is $1,055,000.
    What are key features of this property?
    This property features: 10.55-acre assemblage of three contiguous parcels in Frostproof, FL, ideally situated at CR 17 & Fort Meade Rd.; Zoned Agricultural (AG) with Residential Future Land Use designation.; Proximity to major distribution centers (Ferguson, Lowe's) and located in an Opportunity Zone.
    (305) 803-3781
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    1016 Fl-17 Frostproof, FL 33843
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    Frostproof, FL 33843
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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

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    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
    1016 Fl-17 Frostproof, FL 33843
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