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Map
1908 MCARTHUR AVE
About This Property
Situated in a desirable residential area of unincorporated Lee County, this property offers convenient access to Joel Boulevard (approximately 0.40 miles). The lot is located in Flood Zone X, a low-risk area outside the 100-year and 500-year floodplains, with no wetlands present, allowing for full lot utilization without environmental buffers or mitigation requirements.
Zoned RS-1 Single Family Residential, the property supports low-density residential use, including single-family detached homes by right. Modular/manufactured homes (if compliant with FL Building Code) are allowed. Accessory Dwelling Units/guest houses may be permitted but are limited and often conditional. Duplexes, townhomes, multifamily apartments, and mobile home parks are prohibited without rezoning. Typical density limit: 1-3 units per acre based on lot size. No direct Live Local Act override for higher density here.
Buyer should verify all zoning, setbacks, utility availability, and development requirements with the Lee County Community Development Department. The property is available for a self-guided tour. Subleasing is not permitted. This lot is not available for rent or lease.
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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 11, 2026 | Price Decreased |
$74,999
↓ $1
(0%) | |
| Price Decreased | |||
| Sep 17, 2025 | Listed | $75,000 | |
| Listed | |||
| | |||
|
Exclusively presented by Sunland Real Estate: Rare 1 acre parcel in Lehigh Acres, just off Joel Blvd. Quick access to State Road 80 and Interstate 75, plus all that south west Florida has to offer. This lot is high and dry, in a quite yet convenient neighborhood. This lot is 1 acre which is hard to find in Lehigh Acres.
| |||
| Sep 5, 2025 | Price Decreased |
$75,000
↓ $9K
(10.7%) | |
| Price Decreased | |||
| May 13, 2025 | Listed by Sunland Real Estate, LLC. | $84,000 | |
| Listed by Sunland Real Estate, LLC. | |||
| Nov 28, 2012 | Sold | ||
| Sold | |||
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About Joel
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$1,950 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017