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0 E State Rd 60
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 6, 2026 | Sold | ||
| Sold | |||
| Mar 23, 2026 | In contract | - | |
| In contract | |||
| Mar 15, 2026 | Listed by LPT REALTY, LLC | $60,000 | |
| Listed by LPT REALTY, LLC | |||
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Nestled just east of Lake Wales, this expansive 2.31-acre residential lot offers a perfect canvas for your dreams. With a generous 163 feet of road frontage on State Road 60E, your gateway to Florida’s bustling corridors and serene landscapes begins here. Ideal for outdoor enthusiasts and welcoming to farm animals, this property is a rare find. Positioned strategically between the adventure of Westgate Resort River Ranch, and the amenities of Indian Lake Estates and Lake Walk-in-Water, this parcel of land promises a life balanced by peace and excitement. Its central location is a significant advantage, offering straightforward access to both of Florida's east and west coasts, the Florida Turnpike, I-95, and the myriad attractions of Orlando. The lot is enveloped by lush woodlands, offering a private escape with the convenience of Lake Wales city amenities just a short drive away. Imagine living only 20 minutes from the enchanting Bok Tower Gardens and 30 minutes from the family-friendly Legoland in Winter Haven. Additionally, the accessibility of a one-hour drive to both Orlando and Tampa unlocks a world of entertainment and professional opportunities. This property is not only about the joy of today but also the potential of tomorrow. As Lake Wales experiences a surge in growth, this location is becoming increasingly desirable. Whether you're looking to build your dream home, secure a promising investment, or simply own a piece of Florida's natural beauty, this lot represents endless possibilities. Embrace the serenity of wooded landscapes and the convenience of life near thriving cities. Please note, buyers should exercise due diligence in verifying land use possibilities with Polk County planning and zoning to ensure this dream can become your reality. Put this link in your GPS for Google Maps to find it (https://maps.app.goo.gl/spvbwbwQwbxQ7ce17)
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| Feb 25, 2026 | In contract | - | |
| In contract | |||
| Jan 27, 2026 | Listed by DALTON WADE INC | $2,995,000 | |
| Listed by DALTON WADE INC | |||
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Extraordinary 142± Acre Agricultural Estate with Prime Road Frontage & Water Access. Discover this exceptional opportunity to own approximately 142 +/- acres of versatile, agriculturally classified land in the heart of Lake Wales in Central Florida. This expansive property offers the perfect blend of productive farmland, natural beauty, and prime development potential, making it ideal for agricultural operations, recreational use, or building your private dream estate. The property boasts over 3700 feet of road frontage on both State Route 60 and additional road frontage on Tiger Lake Road, with four separate gated entrances, providing outstanding access, flexibility, and future planning options. The Property can be subdivided, but it is currently utilized for yearly hay and timber production. Saw Palmettos grow naturally and can be harvested. Large portions of the land are cleared and fully workable, while other areas provide a scenic natural landscape abundant with grand mature Oak trees that make this property stunning. Water resources are a standout feature, with two private ponds located on the property, along with additional access to Weohyakapka (Walk-in-Water) Creek, which flows directly into Lake Rosalie—a prized feature for irrigation, livestock, or recreational enjoyment. Supporting agricultural and operational needs are three separate metal storage buildings, ideal for housing equipment, tools, and supplies. Existing large equipment may be negotiated separately, offering a turnkey opportunity for farming or land management. For peace of mind, the entire property is fully fenced with electric fencing, enhanced by security cameras, adding a functional layer of security. Wildlife enthusiasts will appreciate the abundance of native wildlife that regularly visits the land, while the property is well-suited for large farm animals, making it ideal for ranching, livestock operations, or equestrian use. Located in Lake Wales, a city known for its rolling hills, citrus groves, rich agricultural heritage, rodeo culture, and the iconic Bok Tower Gardens, the property enjoys a prime Central Florida location—approximately 50 miles south of Orlando—offering rural privacy without sacrificing accessibility. Whether you envision a working farm, timber investment, recreational retreat, or a stunning custom-built home surrounded by acres of privacy, this remarkable property delivers space, security, water access, and limitless potential. (10 adjoining parcels together with a combined acreage of 142.42) Third-party financing available.
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About Twin Lake Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017