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159 MACARTHUR DRIVE
About This Property
Conveniently located just minutes from I-75, the property also provides easy access to the US-41 corridor, offering direct routes to Fort Myers to the south and Sarasota to the north. You'll enjoy close proximity to shopping, dining, and entertainment in nearby Murdock, including the mall and local restaurants. This spacious 0.24-acre lot is the perfect place to build your Florida dream home near Charlotte Harbor. Best of all, you're just a short drive from some of the area's most beautiful Gulf beaches, including Englewood Beach, Boca Grande, Manasota Key, and Blind Pass Beach, where you can enjoy sunbathing, shelling, and world-class sunsets. Surrounded by new construction and ongoing growth, this area offers both tranquility and future value-while keeping you close to everything you need, including shopping, dining, banking, boating, golf, and more.
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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 22, 2026 | Listed by MARINA PARK REALTY LLC | $28,000 | |
| Listed by MARINA PARK REALTY LLC | |||
| Mar 31, 2025 | Sold | ||
| Sold | |||
| Mar 12, 2025 | In contract | - | |
| In contract | |||
| Feb 25, 2025 | Listed by LPT REALTY, LLC | $29,000 | |
| Listed by LPT REALTY, LLC | |||
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Builable lot on fresh water canal. In great location, and No HOA, deed restrictions or CDDs!!! No Flood zone... NO Scrub Jay permit required to build. Enjoy your private backyard on the Elkcam Waterway where you can enjoy fishing, and kayak right off your backyard. Unique neighborhood lightly developed, with newer tasteful nearby homes. Easy access to everything- just minutes to I-75, close to the mall & restaurants in Murdock. located three quarters of an acre of the sunny Florida dream by Charlotte Harbor. Close to shopping, dining, banking, etc. New construction surrounds the area.
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| Apr 6, 2018 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017