17420 Palm DRIVE
About This Property
Seize the opportunity to build your dream home on this stunning lakefront lot on Lake Apopka! This property comes with county-approved engineered building plans, making the construction process seamless and hassle-free. The approved plans include detailed floor plans, a site layout, and structural specifications, allowing you to move forward with confidence.
Located in the rapidly growing Montverde area, this lot offers incredible potential-whether you choose to build now or invest for future appreciation. Enjoy the tranquility of waterfront living with the convenience of easy access to the Florida Turnpike, the charming Montverde community, and nearby Clermont's shopping, dining, and recreational spots. Plus, you're just minutes from the prestigious Montverde Academy.
Don't miss this rare opportunity to own a prime waterfront property in a sought-after location! Contact us today for more details.
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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 |
|---|---|---|---|
| Mar 10, 2025 | Sold | ||
| Sold | |||
| Feb 24, 2025 | In contract | - | |
| In contract | |||
| Jan 31, 2025 | Listed by NOBSKA REAL ESTATE LLC | $199,900 | |
| Listed by NOBSKA REAL ESTATE LLC | |||
| Sep 12, 2023 | Sold | ||
| Sold | |||
| Jul 29, 2023 | Listed by NOBSKA REAL ESTATE LLC | $199,005 | |
| Listed by NOBSKA REAL ESTATE LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017