148 Spring Dr
About This Property
This property sits in a desirable single-family residential area with convenient access to nearby points of interest including Wildflower Preserve (1.71 miles), Disc Golf Course (1.88 miles), Redeemer Lutheran School (1.86 miles), George Mancini Music School (1.51 miles), Placida Village shopping mall (1.44 miles), and Englewood East (2.91 miles).
The lot is located in Flood Zone AE, a high-risk flood zone with a determined Base Flood Elevation (BFE). Any building will require elevating the structure at or above the BFE, using flood-resistant materials, installing flood vents where applicable, and obtaining an Elevation Certificate. Flood insurance is mandatory for federally backed mortgages. However, there are no wetlands nearby, allowing full lot utilization without environmental buffers, mitigation requirements, or additional wetland permitting.
The area is primarily zoned for single-family residential use, supporting low-density development including detached homes. Modular or manufactured homes may be possible subject to applicable codes and approvals. Buyers should verify zoning, permitted home types, setbacks, utility availability, and development requirements with the Charlotte County Planning Department.
This lot is available for self-guided tours. The property is not available for rent or lease, and subleasing is not permitted.
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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 21, 2025 | Listed by Sunland Real Estate, LLC. | $31,000 | |
| Listed by Sunland Real Estate, LLC. | |||
| Jul 18, 2025 | Price Decreased |
$24,000
↓ $1K
(4%) | |
| Price Decreased | |||
| Jun 10, 2025 | Listed | $25,000 | |
| Listed | |||
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***PRICED TO SELL***ROTONDA HEIGHTS***FLORIDA LIVING*** This 61' x 125' lot features both public water and sewer utilities...a rare find in SW Florida. Located directly outside of Rotonda West, you have all the benefits of a golf community without the HOA fees. Experience true Florida living having golf, walking paths, bike trails, and sense of community right outside your door. Spend the day at one of many close by beaches, take out the boat, or pop over to Boca Grande...it's all in your backyard! Grab this lot before it's gone.
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| Apr 13, 2022 | Sold | ||
| Sold | |||
| Apr 12, 2022 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017