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2700 Drift In St Lake Wales, FL 33898

OFF-MARKET Specialty properties Google Maps
5,204 SF 15 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Specialty properties
Total area 5,204 SF
Lot 15 ac (653,400 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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