1069 SW MELODY DRIVE
About This Property
Side-by-side lots in a growing residential area – sold together or separately!
Now is the perfect time to invest in land in one of the most promising areas of DeSoto County! These two side-by-side vacant parcels, located at 1069 SW Melody Drive and 1079 SW Melody Drive in Arcadia, FL, are being offered by the same owner and present a fantastic opportunity for builders, investors, or anyone looking to establish roots in a quiet and developing neighborhood.
Flood Zone X –. Surrounded by new construction and conveniently located near schools, shopping, and main roads, this area is experiencing steady growth and development. Ready for your next project. No HOA or deed restrictions. Buyer to verify utility access and zoning requirements with the county.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 29, 2026 | Sold | ||
| Sold | |||
| Apr 17, 2026 | In contract | - | |
| In contract | |||
| Oct 25, 2025 | Price Increased |
$18,000
↑ $1K
(6.5%) | |
| Price Increased | |||
| Sep 11, 2025 | Price Decreased |
$16,900
↓ $3K
(15.1%) | |
| Price Decreased | |||
| Aug 4, 2025 | Listed by AGENT TRUST REALTY CORPORATION | $19,900 | |
| Listed by AGENT TRUST REALTY CORPORATION | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017