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    OFF-MARKET
    Land

    0 Mediterranean Dr, Poinciana, FL 34759

    8.5 ac lot
    Property ID
    Property summary
    AI-generated overview

    Exceptional 8.5-acre residential land opportunity in Poinciana, Florida, priced at $550,000. This property, located on Mediterranean Drive, Polk County (zip code 34759), is zoned Residential Low (RL-4x), allowing for the construction of up to 21 single-family detached homes (5 DU/AC). The land is served by the Toho Water Authority, providing access to water and wastewater lines. Permitted uses also include general farming and Class I utilities. A preliminary site plan and due diligence materials are available. This rapidly growing area boasts over 50 new homes within a 1-mile radius, over 250 within 3 miles, and over 600 within a 5-mile radius, indicating strong market demand. Conveniently located near Lake Marion, medical facilities, Walmart, Southport Plaza, Poinciana Lakes Plaza, restaurants, schools, and major attractions like Disney and Universal Studios. This is an ideal location for developers seeking to capitalize on the thriving housing market. Start building homes in this prime Kissimmee community today.

    Property profile
    Verified
    Property type Land
    Lot 8.5 ac (370,260 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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