1006 Bougainville Dr, Indian Lake Estates, FL 33855
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.