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0 Scott Rd Lake Wales, FL 33859

OFF-MARKET Land Google Maps
22.7 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 22± acre parcel in south Lake Wales, Florida, presents a compelling opportunity for residential development. Zoned A/RR, the property boasts a strategic location along US 17, Scott Road, and Lake Bella Road, offering excellent visibility and accessibility. The land, formerly an orange grove, includes approximately 3± acres of lake frontage, adding significant aesthetic appeal. Its prime location provides convenient access to a wide array of amenities, including Walmart, Publix, Winn-Dixie, Tractor Supply, and AdventHealth Lake Wales Hospital, all within a short driving distance. Major thoroughfares such as US 17, US Hwy 27, and State Road 60 provide seamless connectivity to Sebring, Orlando, Tampa, and Miami. The asking price is $800,000, translating to $35,242 per acre. The property's APN numbers are 273024000000031070, 273024000000031040, 273024000000031060, and 273024000000031030. This site is situated in a growth corridor, making it an ideal investment for discerning developers seeking a high-potential residential project in a thriving Florida community. The property is offered for sale as a development opportunity.

Property profile

Verified
Property type Land
Lot 22.7 ac (988,812 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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