15
Map
$23,000
●
Land -
Off Market
2309 Grant Ave
Lehigh Acres, FL 33920
Studio
0 Bath
$164
Est. Monthly
About This Property
Prime residential lot opportunity in Alva, Lee County, located at
2309 Grant Ave (ZIP: 33920).
Situated in a desirable residential area, this property offers convenient access to Acton Academy Alva (approximately 1.51 miles), First Baptist Church-Alva (1.56 miles), Charleston Park (1.61 miles), and Frank Mann Preserve (1.88 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 District, the property supports low-density residential use, including single-family detached homes by right. Modular homes are allowed if meeting the Florida Building Code. ADUs may be potentially allowed due state rules (Live Local Act may apply). Duplexes, townhomes, multifamily development, and mobile/manufactured home communities are prohibited. Buyer should verify all zoning, setbacks, utility availability, and development requirements with Lee County Planning.
The property is available for a self-guided tour. Subleasing is not permitted. This lot is not available for rent or lease.
Situated in a desirable residential area, this property offers convenient access to Acton Academy Alva (approximately 1.51 miles), First Baptist Church-Alva (1.56 miles), Charleston Park (1.61 miles), and Frank Mann Preserve (1.88 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 District, the property supports low-density residential use, including single-family detached homes by right. Modular homes are allowed if meeting the Florida Building Code. ADUs may be potentially allowed due state rules (Live Local Act may apply). Duplexes, townhomes, multifamily development, and mobile/manufactured home communities are prohibited. Buyer should verify all zoning, setbacks, utility availability, and development requirements with Lee County Planning.
The property is available for a self-guided tour. Subleasing is not permitted. This lot is not available for rent or lease.
Unit Size
-
Days on Market
607 days
Land Size
0.50 acres
Price per sqft
-
Property Type
Land
Property Taxes
$36
HOA Dues
-
Year Built
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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: 12 days ago (Miami MLS #A11736154)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2026 | Sold | ||
| Sold | |||
| Sep 11, 2026 | Price Decreased |
$26,000
↓ $6K
(18.8%) | |
| Price Decreased | |||
| Sep 15, 2025 | Listed | $32,000 | |
| Listed | |||
| | |||
|
Exclusively offered by Sunland Real Estate: Great location for a 0.50-acre residential lot in a prime North Lehigh Acres location within Alva, Florida. This high and dry lot is perfectly positioned for your next development, boasting an elevation outside of flood zones for confident building. Conveniently located near major thoroughfares, such as Joel blvd. Alva, within the larger Lehigh Acres area, is a thriving part of Southwest Florida, known for its beautiful natural surroundings, welcoming atmosphere, and proximity to Fort Myers. Enjoy the tranquility of Alva while still being close to shopping, dining, and the stunning Gulf Coast beaches.
| |||
| Jan 31, 2025 | Listed by Sunland Real Estate, LLC. | $32,000 | |
| Listed by Sunland Real Estate, LLC. | |||
| Nov 1, 2005 | Sold | ||
| Sold | |||
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Joel
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Listed by: Javier Santana
Sunland Real Estate, LLC.
Last Updated: 12 days ago
Data Source: Miami MLS, MLS# A11736154
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.
Sunland Real Estate, LLC.
Last Updated: 12 days ago
Data Source: Miami MLS, MLS# A11736154
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017