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16971 1st Street
About This Property
Your front yard looks west across open farmland. That means sunsets over the fields and no rooftops staring back at you. A sidewalk already runs along the frontage, and the Charleston Park lighting district keeps the street lit at night. Curbside garbage and recycling pickup comes every Friday. Neighboring lots have homes on them, so you are building into an established street instead of waiting years for a subdivision to fill in.
Carrying costs are about as low as it gets. The 2025 tax bill was $113.96, with no HOA and no mandatory fees. Hold it while you save, or break ground when you're ready.
Much of the early homework is done. A boundary survey has been completed by Nexgen Land Solutions. Per the seller's disclosure, there are no known wetlands or environmental issues on the lot. The seller also reports no encroachments or code violations.
Zoned RS-1 for single-family residential on a platted lot. Owner-builders get a homesite without a big lot payment. A small builder gets an infill spec site where homes already stand. Investors get Lee County land that costs almost nothing to hold. Cash and conventional offers are welcome.
Charleston Park, the county park just up the road, has covered basketball courts and a picnic pavilion. Alva's stretch of the Caloosahatchee River is a short drive for fishing and boating, and LaBelle is easy to reach to the east.
Buyer due diligence: The lot is in FEMA Flood Zone AE (Panel 12071C0329G, effective 11/17/2022), so plan on elevated construction to avoid flood insurance. There is no public water or sewer at the site; a well and septic system will be needed. Lot dimensions come from a previous appraisal and Lee County Property Appraiser records. Buyer to verify zoning and permitting requirements with Lee County Community Development.
Walk it, bring your builder, and make your plan.
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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 |
|---|---|---|---|
| Sep 27, 2026 | Listed by KW Florida Living | $16,000 | |
| Listed by KW Florida Living | |||
| Jul 11, 2025 | Sold | ||
| Sold | |||
| May 26, 2025 | In contract | - | |
| In contract | |||
| Feb 27, 2025 | Listed by Loyal Real Estate Services | $16,000 | |
| Listed by Loyal Real Estate Services | |||
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**Prime Buildable Residential Lot in Alva, Florida**
Welcome to an exceptional opportunity to own a prime piece of real estate in the charming town of Alva, Florida. This buildable residential lot is perfectly situated, offering a central location that provides easy access to shopping, schools, and entertainment, making it an ideal choice for your future home.
- **Location:** Nestled in the heart of Alva, this lot enjoys a strategic position that places you just moments away from essential amenities. Whether you're looking for grocery stores, retail shops, or dining options, everything you need is within a short drive.
- **Educational Opportunities:** Families will appreciate the proximity to quality schools in the area, ensuring that children have access to excellent educational resources. The local school district is well-regarded, making this location even more desirable for those with school-aged children.
- **Recreational Activities:** Alva boasts a variety of recreational options. From parks and nature trails to sports facilities, there are plenty of opportunities to stay active and enjoy the beautiful Florida weather. The nearby rivers and lakes offer additional outdoor activities such as fishing, boating, and hiking.
- **Build Your Dream Home:** This lot presents the perfect canvas for constructing your dream residence. With ample space to design your ideal home, you can create a sanctuary that reflects your personal style and needs. Whether you envision a cozy single-family home or a spacious retreat, the possibilities are endless.
Enjoy the tranquility of suburban life while being just a short drive from larger urban centers. Alva offers a slower pace of living, allowing you to unwind and enjoy the natural beauty that surrounds you.
**Conclusion:**
Don’t miss this rare opportunity to acquire a buildable residential lot in the highly sought-after area of Alva, Florida. With its prime location, access to amenities, and potential for future growth, this property is a blank slate waiting for your vision. Whether you’re looking to build your forever home or invest in a promising piece of land, this lot is an excellent choice.
Contact us today for more information and to schedule a viewing. Your dream home awaits in Alva!
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| May 19, 2023 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017