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Putnam
251 LAKE Drive
$8,200
● Land - Off Market

251 LAKE Drive

Florahome, FL 32140
bedrooms
Studio
bathrooms
0 Bath
$46
Est. Monthly

About This Property

Enjoy peaceful rural living with privacy on this 1/3 acre located just across the street from George's Lake. This 900+ acre lake offers community access perfect for boating, fishing and relaxing on the water. Nestled in a quiet neighborhood.
Unit Size
-
Days on Market
21 days
Land Size
0.34 acres
Price per sqft
-
Property Type
Land
Property Taxes
$2
HOA Dues
-
Year Built
-

Payment Calculator

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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 (Real MLS #2097402)

Price History

Date / Event Date Event Price
Jul 29, 2025 Sold
Premium
Sold
Jul 22, 2025 In contract -
In contract
Jul 8, 2025 Listed by TEAM FLORIDA REALTY SERVICES INC $9,000
Listed by TEAM FLORIDA REALTY SERVICES INC
Feb 21, 2005 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: 14,810
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,000
  • 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: LAKESIDE HILLS
  • Land Acres: 0000000340
  • Standard Land Use Code: 8000
  • County Land Use Code: 00
  • State Land Use Code: 00
  • Legal Description 1: LAKESIDE HILLS SEC 1 REPLAT 1 MB4 P121 BLK 32 LOT 22

Neighborhood

  • School District Name: Putnam County School District
  • Census Tract: 950202

Geography

  • Account Number: 35786
  • Parcel: 24-08-24-5100-0320-0220
  • Block: 32
  • Lot: 22
  • Meridian: SEC 24 TWN 08S RNG 24E
  • Municipality: PUTNAM COUNTY
  • Latitude: 29.7872
  • Longitude: -81.8574

    Address

  • Full Address: 251 Lake Dr
  • Address - House Number: 251
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Florahome
  • Carrier Code: R001
  • 4-Digit Zip Code: 1923
  • Zip Code: 32140

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,963
  • Initial Tax Delinquent Year: 2015
  • Tax Rate Code Area: 000

    Market Valuation

  • Market Total Value: $1,590
  • Market Land Value: $1,590

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,590
  • Assessed Land Value: $1,590

    Sales

  • Current Sale Contract Date: Feb 10, 2005
  • Current Sale Recording Date: Feb 21, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 525206
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 Putnam

Stats & Trends

Median Asking:

$279,950

Sale Price/ft²

$189

Below Asking

0.03%

Average Days on Market

76

Average Home Size

1766 ft²

Average Home Age

46.4 years

Currently For Sale

413 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

Rentals Near You

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Real MLS

Listed by: MEICHELLE BUCK, TEAM FLORIDA REALTY SERVICES INC
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 2097402
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. Data is deemed reliable but is not guaranteed accurate by NEFMLS. 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 251 Lake Drive built and last sold?
The property at 251 Lake Drive was built in and last sold on Feb 10, 2005 for $16,000.
How much is this home worth?
The estimated value of the home located at 251 Lake Drive is $9,090.
What are some comparable homes to 251 Lake Drive?
There are currently no comparable homes to 251 Lake Drive.
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