Property profile

750 Lonesome Island Rd Lake Placid, FL 33852

OFF-MARKET
Land
Property ID
US19-0413078
200 ac lot
Entity Owned 1-yr Hold
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Property summary

AI-generated overview

This exceptional 200-acre agricultural property in Highlands County, Florida, presents a rare investment opportunity. Located at 750 Lonesome Island Rd, Lake Placid, FL 33852, this land boasts highly productive Bassinger fine sand soil, with smaller areas of Kaliga, Tequesta, and Hicoria muck. Historically a high-production citrus grove (Hamlin and Valencia oranges), it's ideally suited for various agricultural uses, including vegetable farming, sod production, or ornamental nurseries. The property features a robust irrigation and drainage system, including three diesel-powered pumping stations drawing from the C-41 canal, Istokpoga Canal, and Kissimmee River. Water resources also include a surface well, an artesian well, and a deep water well. The land benefits from excellent drainage via the C-41 Canal and Istokpoga Canal, and convenient access from FL SR 70. The young grove has been managed using mesh bags and an oxytetracycline injection program. Zoned for agriculture, this property offers significant potential for a variety of farming operations. Asking price is $1,700,000.

Property profile

Verified
Property type Land
Lot 200 ac (8,712,000 SF)
UPID US19-0413078

Cap rate & NOI

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

Location

750 Lonesome Island Rd Lake Placid, FL 33852
Lake Placid metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2025
1 recorded transaction
2025
$1.6M

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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