4419 Loblolly Bay Road
About This Property
4.5 Acres • Private Lake • Multiple Structures • Endless Possibilities!
Enjoy the privacy of this scenic, tree-covered 4.5-acre property, including a portion of a private lake shared with only one other neighbor. The 1980 concrete-block main home features a metal roof, screened front porch spanning the entire front, and a huge rear patio. Inside are oversized living/family and dining areas, a separate kitchen, two bedrooms, two bathrooms, a wood-burning fireplace, and a separate laundry/pantry. There is room to create a third bedroom if desired.
The property also includes a 1,200+/- SF 2-bedroom/1-bath mobile home with a large private screened porch, ideal for guests, extended family, or rental use. An additional small handicap-equipped mobile home provides flexible space for an office, homeschooling, hobby room, or studio.
Two exceptionally well-built pole-barn/garage outbuildings provide abundant storage and workspace for vehicles, equipment, recreational toys, or projects.
A rare combination of acreage, private lake frontage, multiple living spaces, mature trees, and versatile outbuildings. Bring your vision and your offers!
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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| Sep 29, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Sep 28, 2026 | Listed by Southern Heritage Real Estate | $575,000 | |
| Listed by Southern Heritage Real Estate | |||
| Sep 16, 2026 | Price Decreased |
$575,000
↓ $75K
(11.5%) | |
| Price Decreased | |||
| Jun 1, 2026 | Price Decreased |
$649,900
↓ $25K
(3.7%) | |
| Price Decreased | |||
| Mar 23, 2026 | Listed by Southern Heritage Real Estate | $675,000 | |
| Listed by Southern Heritage Real Estate | |||
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Unique opportunity for investors or business-minded buyers! Ideally located in the midst of the rapidly growing LaBelle area, this versatile 4.5± acre property offers outstanding potential for commercial use or income-producing investment. Whether you're seeking a home-based business location or an investment property with multiple income streams, this property delivers flexibility and value.
The property features a solid CBS main residence with a durable metal galvalume roof, currently configured as a 2-bedroom, 2-bath home with inviting front and rear porches-perfect for owner occupancy. In addition, there are mobile homes on site that can be utilized as rental units for supplemental income or repurposed as office space for a small business operation.
For those needing workspace or storage, the property includes large pole barn garages, ideal for equipment, inventory, or workshop use. One structure is equipped with an exterior auto lift, adding even more appeal for automotive or mechanical businesses.
With its prime location, flexible layout, and strong upside potential, this property is a rare find in today's market - perfect for investors, entrepreneurs, or anyone looking to combine residential living with commercial opportunity.
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About Glades
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017