515 Cypress Isles Rd Osteen, FL 32764
This exceptional 10.6-acre (461,736 sq ft) property in Osteen, Florida, presents a unique opportunity for commercial or residential development. Located within the Cypress Isles Community in Volusia County (zip code 32764), this secluded lot offers a blend of privacy and convenience. The property is partially cleared and ready for construction, boasting a brand-new septic system (installed in 2023) suitable for any size home. Enjoy the benefits of a low annual HOA fee of $425, providing access to a private park, boat ramp, pavilion, and playground situated along the St. Johns River. Existing improvements include an 11x36 utility shed with washer/dryer hookups (partially insulated), a new water system with a freshwater hand pump, a 24x20 pole barn with a 24x12 carport, and a recently updated chicken coop. A large pond graces the front of the property, adding to its natural charm. The property backs up to the 150-acre Hickory Bluff Preserve, offering stunning natural surroundings. All information is believed to be accurate but is not guaranteed. This property is ideal for those seeking a tranquil setting with ample space for building their dream home or developing a commercial venture. The property's location offers both seclusion and access to community amenities.
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.