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    518 Alamanda Dr, Indian Lake Estates, FL 33855

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    This exceptional 21,780 square foot lot presents a unique investment opportunity in the desirable Indian Lake Estates, Florida. Located at 518 Alamanda Drive, this property offers both commercial and residential potential, providing flexibility for diverse development plans. Situated in a gated community, residents enjoy access to the expansive 7,500-acre Lake Walk In Water, renowned for its exceptional bass fishing. Amenities include a beach, boat ramp, marina, and the state's longest freshwater fishing pier, complete with a pavilion. The property's location in Polk County, Florida, zip code 33855, offers a tranquil setting, yet is conveniently located just 20 miles east of Lake Wales. This half-acre parcel is ideal for those seeking a peaceful, nature-filled lifestyle in a vibrant community that caters to outdoor enthusiasts. The asking price is $30,000. The property's dual commercial and residential zoning allows for a variety of development options, making it an attractive investment for both residential and commercial developers. The location within a gated community ensures security and privacy, adding to the overall appeal of this remarkable property. This is a rare opportunity to acquire a substantial lot in a highly sought-after Florida location.

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    Property type Land
    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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    Allowed · conditional · prohibited
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