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115 EL DORADO DRIVE
About This Property
Indian Lake Estates is known for its quiet rural atmosphere, natural beauty, and outdoor recreation. Residents enjoy access to Lake Walk-in-Water (Lake Weohyakapka), one of Florida's best fishing lakes, along with community amenities including a golf course, clubhouse, marina, boat ramp, and nature trails.
With paved road access and plenty of space for privacy, this property provides the ideal balance of tranquility and convenience while remaining within driving distance of shopping, dining, and attractions in Central Florida.
Whether you're looking to build now or hold as an investment, this half-acre parcel offers excellent potential in a desirable Florida land community.
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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 |
|---|---|---|---|
| Aug 24, 2026 | Sold | ||
| Sold | |||
| May 18, 2026 | In contract | - | |
| In contract | |||
| Apr 21, 2026 | Price Decreased |
$12,000
↓ $1K
(7.7%) | |
| Price Decreased | |||
| Mar 31, 2026 | Price Decreased |
$13,000
↓ $3K
(16.1%) | |
| Price Decreased | |||
| Mar 17, 2026 | Listed by KELLER WILLIAMS ISLAND LIFE REAL ESTATE | $15,500 | |
| Listed by KELLER WILLIAMS ISLAND LIFE REAL ESTATE | |||
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About Indian Lake Estates
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,200 /mo
- 4 Beds
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- 1,891 ft²
$2,200 /mo
- 4 Beds
- 3 Baths
- 1,891 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017