$1,200,000
●
Land -
Off Market
18886 CRESCENT ROAD
ODESSA, FL 33556
Studio
0 Bath
$9,493
Est. Monthly
About This Property
Get it before it's gone! If you've been waiting to build your
dream home on Island Ford Lake, this is your chance! Property is
out of probate and ready to be sold! Priced to sell for land
value, this sale includes 4 Parcels on Island Ford Lake with 3
docks on the property and 2 septic tanks!! Build the home of
your dreams or build your portfolio with this one of a kind
opportunity! Parcels included are 18880 Crescent Road
(U-10-27-17-ZZZ-0.0), 18886 Crescent Road
(U-10-27-17-00F-8.0), 18856 Crescent Road #A
(U-10-27-17-ZZZ-0-0) and 18856 Crescent Road #B
(U-10-27-17-ZZZ-0.0) currently lakehouse is tenant
occupied, please do not walk around house without contacting
listing agent
Unit Size
-
Days on Market
115 days
Land Size
0.47 acres
Price per sqft
-
Property Type
Land
Property Taxes
$655
HOA Dues
-
Year Built
1953
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (Stellar MLS #TB8406411)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 4, 2025 | Sold | ||
| Sold | |||
| Aug 25, 2025 | In contract | - | |
| In contract | |||
| Jul 10, 2025 | Listed by LPT REALTY, LLC | $1,800,000 | |
| Listed by LPT REALTY, LLC | |||
| Feb 15, 2025 | Listed | $2,545,200 | |
| Listed | |||
| | |||
|
Investors Dream! Including almost 3 acres amongst 4 parcels, this sale includes so much opportunity! The main house is a detached 2-Story with an upstairs deck that overlooks Island Ford Lake. This property is in need of TLC and has a long-term tenant that would like to stay living on the property. The additional parcels include several detached garages/outbuildings that are not habitable in their current condition.
All Property is being sold AS-IS with any and all defects. This Property is being sold as a multi-lot sale and includes parcels U-10-27-17-zzz-000000-07030.0 (18880 Crescent Road), U-10-27-17-ZZZ-000000-07020.0 (18856A Crescent Road), U-10-27-17-ZZZ-000000-07030.0 (18856B Crescent Road), U-10-27-17-OOF-000000-00018.0 (18886 Crescent Road). Private dock/fishing pier with mature trees and lake access. Seller does not live on property.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Keystone
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Holly DiMemmo
LPT REALTY, LLC
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# TB8406411
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
LPT REALTY, LLC
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# TB8406411
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017