2351 NE HIGHWAY 41
About This Property
The tract's location offers a strong foundation of economic drivers. It sits adjacent to established agricultural operations, a regional trucking company, a prominent local peanut business, and other thriving commercial enterprises along US-41. This blend of agriculture, logistics, and service-based industry supports consistent workforce and managerial housing demand, providing built-in absorption potential for thoughtfully planned residential product.
Significantly, because the property borders Williston Middle High School (walk to school!), creating an exceptional opportunity for planning a subdivision with long term desirability on a beautiful piece of land.
The 68 contiguous acres feature favorable topography and are already zoned residential, allowing for efficient site planning and flexibility in design. The existing cleared portion may reduce some initial development costs, while the preserved mature oaks provide natural focal points for community entrances, green space integration, or estate-style homesites. The scale of the tract allows for a range of potential concepts, from executive large-lot subdivisions to workforce housing communities or build-to-rent neighborhoods designed to meet growing regional demand.
Williston benefits from its proximity to larger growth centers while maintaining a more accessible price point for both developers and end users. Current construction in Williston includes Aldi and WaWa, as well as new townhomes in same general school area....demonstrating that parcels surrounding Williston are gradually being absorbed. Contiguous, zoned appropriately, and positioned near schools and employment corridors-are increasingly rare to assemble.
For development groups seeking scale, infrastructure access, aesthetic character, and strong market fundamentals, this 68± acre offering represents a compelling residential opportunity in the expanding North Central Florida corridor.
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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 |
|---|---|---|---|
| Aug 27, 2026 | Price Decreased |
$2,720,000
↓ $579K
(17.6%) | |
| Price Decreased | |||
| Feb 25, 2026 | Listed by COOKIE KING REAL ESTATE, INC | $3,299,455 | |
| Listed by COOKIE KING REAL ESTATE, INC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017