2571 Abell Rd Lake Placid, FL 33852
This exceptional 87.38-acre farmland in Lake Placid, Florida, presents a unique investment opportunity. Located near Lake Istokpoga, this property boasts exceptionally fertile Hontoon muck soil, reaching depths of 22 feet, ensuring high yields for years to come. The land benefits from a well-established irrigation system fed by canals leading to Lake Istokpoga, supplemented by three artesian wells on-site. Existing infrastructure includes a 40 x 100 barn. The property is zoned AU and features a convenient location at 2571 Abell Rd, Lake Placid, FL 33852. The asking price is $3,200,000, translating to $36,622 per acre. The property's APN is C363630A0000300000. This is owner-user land, ideal for expansion or establishment of agricultural operations. The rich soil and reliable irrigation make this a highly productive and valuable asset. Don't miss this chance to acquire prime farmland in a desirable location.
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.