2700 Drift In St, Lake Wales, FL 33898
This exceptional 15-acre property in Lake Wales, Florida, presents a unique investment opportunity. Located at 2700 Drift In Street, 33898, this mixed-use site boasts 7.5 acres of dry land, 615 feet of lake frontage on Lake Pierce, and significant existing infrastructure. The property includes 29 mobile home pads with sewer and water hookups, 5 RV sites with utilities, a pool, four boat docks (one recently added), and a lakeside bar. Additional structures include a laundry facility, two duplexes, seven cabins, and four houses, all ripe for renovation or redevelopment. Three wells are also on the property. The county plans to extend the sewer line down Hartman Road, further enhancing the property's value and potential. With riparian rights, this property offers substantial expansion possibilities. The asking price is $2,400,000. The total square footage is 5,204. This is a rare chance to acquire a substantial waterfront property with existing income streams and significant upside potential in a desirable Florida location. The property is easily accessible via Lake Mable Loop Road, Canal Road, and Hartman Road.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.