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Highlands 33852
216 Rhythm DRIVE
$15,000
● Land - Off Market

216 Rhythm DRIVE

LAKE PLACID, FL 33852
bedrooms
Studio
bathrooms
0 Bath
$78
Est. Monthly

About This Property

FOR THE HOME BUILDER OR INVESTOR. THE OUTDOORS IS ALL HERE 7 LAKES IN THE AREA FOR BOATING AND FISHING. JUST OUTSIDE OF DINNING AND SHOPPING. SOUTH OF THE GREAT AMERICAN RACE TRACK SEBRING INT RACEWAY. GET IT WHILE THE PRICES ARE LOW AND THE AREA IS GETTING HOT. BE PART OF THE GROWING FLORIDA COMMUNITY. OWNER FINANCING AVAILABLE
Unit Size
-
Days on Market
1307 days
Land Size
0.22 acres
Price per sqft
-
Property Type
Land
Property Taxes
$4
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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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 #OM623661)

Price History

Date / Event Date Event Price
Feb 10, 2025 Sold
Premium
Sold
Jul 14, 2021 Listed by PLATINUM HOMES AND LAND REALTY $15,000
Listed by PLATINUM HOMES AND LAND REALTY
Jun 14, 2007 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,908
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 780
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: SUN N LAKES EST
  • Land Acres: 0000000228
  • Standard Land Use Code: 8000
  • County Land Use Code: 00
  • Legal Description 1: SUN N LAKES EST SEC 12 PB 8-PG 75 LOT 5 BLK 105

Neighborhood

  • School District Name: Highlands County School District
  • Census Tract: 961604

Zoning

  • Zoning: R1

Geography

  • Parcel: C-22-37-30-120-1050-0050
  • Block: 105
  • Lot: 5
  • Meridian: SEC 22 TWN 37S RNG 30E
  • Municipality: COUNTY SOUTHWEST WATER
  • Latitude: 27.2389
  • Longitude: -81.302

    Address

  • Full Address: 216 Rhythm Dr
  • Address - House Number: 216
  • Address - Street Name: Rhythm
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Lake Placid
  • Zip Code: 33852

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,234
  • Tax Rate Code Area: 40

    Market Valuation

  • Market Total Value: $3,000
  • Market Land Value: $3,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $3,000
  • Assessed Land Value: $3,000

    Sales

  • Current Sale Contract Date: Jun 13, 2007
  • Current Sale Recording Date: Jun 14, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 52
  • Current Sale Input Document Number: 1458719
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Highlands

Stats & Trends

Median Asking:

$284,995

Sale Price/ft²

$184

Below Asking

0.04%

Average Days on Market

97

Average Home Size

1754 ft²

Average Home Age

26.5 years

Currently For Sale

412 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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STELLAR

Listed by: Jorge DeSousa
PLATINUM HOMES AND LAND REALTY
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# OM623661
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.

Frequently Asked Questions

When was property at 216 Rhythm Drive built and last sold?
The property at 216 Rhythm Drive was built in and last sold on Jun 13, 2007 for $2,093.
How much is this home worth?
The estimated value of the home located at 216 Rhythm Drive is $0.
What are some comparable homes to 216 Rhythm Drive?
There are currently no comparable homes to 216 Rhythm Drive.
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