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4990 Hammermill Ave Lake Wales, FL 33859

OFF-MARKET Land Google Maps
50,325 SF 1.16 ac lot
Estimated value
No estimation on file for this property yet.
Property ID US18-3856464

Property summary

AI-generated overview

This exceptional 1.16-acre vacant lot in Lake Wales, Florida, presents a unique opportunity for building your dream home. Located at 4990 Hammermill Avenue, zip code 33859, this buildable lot offers convenient access to essential utilities. Public sewer is readily available, electricity is connected, and natural gas lines are planned for the near future. The property already features a functioning septic tank and a water well, providing immediate infrastructure advantages. Situated within a private community, this lot offers the benefit of an optional HOA, eliminating the costs associated with a Community Development District (CDD). While the community is private, prospective buyers should note that RV and camper residency requires county approval for temporary dwelling status. The lot encompasses 50,325 square feet, providing ample space for a substantial residence and landscaping. This property is priced affordably at $50,000, making it an attractive investment for those seeking a prime location to build in a desirable area of Lake Wales. Don't miss this chance to secure your future in this convenient and well-situated location.

Property profile

Verified
Property type Land
Total area 50,325 SF
Lot 1.16 ac (50,530 SF)
UPID US18-3856464

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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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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