3073 CR 627
About This Property
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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 4, 2026 | Price Decreased |
$6,500,000
↓ $3M
(27.8%) | |
| Price Decreased | |||
| Jan 14, 2026 | Price Decreased |
$9,000,000
↓ $6M
(40%) | |
| Price Decreased | |||
| Aug 8, 2025 | Listed by Wealth Harbor | $15,000,000 | |
| Listed by Wealth Harbor | |||
| Jan 16, 2025 | Listed | $15,000,000 | |
| Listed | |||
| | |||
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This exceptional waterfront residential land presents a rare opportunity to own a prime parcel with over 8,000 feet of frontage on Lake Pythias, more than 75% of the lake’s shoreline. Spanning across the border of Polk and Highlands counties, this property is zoned for residential development with approval for 1,100 units.
Central water is available. Centrally located north of Avon Park, the property is just minutes from local shopping, schools, and essential services, including adjacent to the River Greens Golf Course. With easy access to major highways, it's only an hour to Disney and 1.5 hours to Tampa, Orlando, and Vero Beach.
The county is highly supportive of growth and development in the area, with no impact fees, making this an even more attractive prospect for developers.
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| Oct 20, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017