20
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311 Raber Ave
About This Property
Situated in a desirable residential area, this property offers convenient access to Veterans Park (0.84 miles), Veterans Park Dog Park (1.02 miles), Victory Academy (1.72 miles), Fresh Choice Food Market (1.35 miles), and Eisenhower Highway (3.5 miles). The lot is located in Flood Zone X, an area of minimal flood hazard outside the 500-year floodplain, with no wetlands present. This allows for full lot utilization without environmental buffers, mitigation requirements, or special elevation standards.
Zoned RS-1 (Single-Family Residential), the property supports low-density residential use, including single-family detached homes by right. Modular homes are allowed if built to Florida Building Code. ADUs may be allowed due Florida state law (Live Local Act considerations). Mobile homes/communities, duplexes, townhomes, and multifamily developments are prohibited. Density is typically 1 unit for each lot. Buyer should verify all zoning, setbacks, utility availability, and development requirements with Lee County Planning.
The property is available for a self-guided tour. This lot is not available for rent or lease.
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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%.
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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 11, 2026 | Price Decreased |
$30,000
↓ $5K
(14.3%) | |
| Price Decreased | |||
| Sep 15, 2025 | Listed | $35,000 | |
| Listed | |||
| | |||
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Exclusively presented by Sunland Real Estate: Lot next door can be bought together or separate. This prime .25-acre residential lot in prime South Lehigh Acres is ready for development. The property sits high and dry—outside any flood zone—ensuring peace of mind for future construction. Lehigh Acres is one of Southwest Florida’s fastest-growing areas, celebrated for its affordable land, welcoming neighborhoods, and close proximity to Fort Myers. From shopping and dining to the beautiful Gulf Coast beaches, everything is within easy reach. This is an ideal opportunity to secure your next project in a thriving community.
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| Dec 23, 2024 | Listed by Sunland Real Estate, LLC. | $35,000 | |
| Listed by Sunland Real Estate, LLC. | |||
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About Alabama
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Phone: 425-283-2930
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