0 Goldenrod Ln Alva, FL 33920
This exceptional 3.9-acre site, located in the rapidly growing community of Alva, Florida (zip code 33920), presents a unique opportunity for immediate multifamily development. The property, identified by APN 35-43-26-04-0000A.0000, is fully developed and approved for the construction of 42 multi-family units, arranged across seven buildings, each containing six condos. All necessary infrastructure is in place, including water, sewer, and electric, stubbed to each individual site. This significantly reduces development time and costs. Situated within the highly desirable River Hall master-planned community in Lee County, this location boasts an extensive array of amenities, including a clubhouse, fitness center, 18-hole golf course, swimming pool, bocce ball courts, pickleball courts, and tennis courts. The property is zoned RPD and benefits from an established Condo Association and CDD, ensuring a low-maintenance environment for future residents. This turnkey solution offers a rare opportunity to capitalize on the high demand for housing in Southwest Florida, where finished lot inventory is extremely limited. The asking price for this exceptional property is $2,100,000. This represents a compelling investment in a thriving market with significant potential for rapid return.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.