96 Charles St Frostproof, FL 33843
This exceptional 33.4-acre property in Frostproof, Florida, presents a remarkable investment opportunity with high-density RV park and residential development potential. Located on US Highway 27, this land boasts excellent visibility and accessibility. The property includes three houses, a mobile home, a barn, and a small pond complete with a dock, all of which are included in the sale. All existing furniture and equipment are also part of the purchase. The main house offers potential conversion into a clubhouse for an RV park, adding immediate value to the development. The area surrounding the property is rich with natural beauty, featuring proximity to Lake Reedy and Lake Clinch, enhancing the appeal for both residents and recreational visitors. Frostproof itself is a charming small town brimming with investment potential. The asking price is $3,250,000, translating to approximately $97,305 per acre. The property's APN numbers are 28-32-07-000000-043070 and 28-32-07-985900-001010. This is a truly unique opportunity to capitalize on the growing demand for recreational and residential properties in this desirable Florida location. The property is zoned for residential and mobile home use.
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.