14
Map
$25,000
↓ $2K (7.4%)
●
Land -
For Sale
5 EL DORADO DRIVE
INDIAN LAKE ESTATES, FL 33853
Studio
0 Bath
$169
Est. Monthly
$33
HOA / Fees
About This Property
** Just reduced to 25K**1/2 ACR E RESIDENTAIL LEVEL LOT.
Build your dream home in the lake front community of Indian
Lake Estates. State of the art 18 hole professional golf course
with gorgeous community center with bar and restaurant. Other
amenities like basketball & tennis courts, 23,000 sq.ft. clubhouse,
cafe, post office, churches, library, fitness room and a golf pro
shop. This is a fishing & boating community in the heart of
Florida. Indian Lake Estates is 15 minutes east of Lake Wales. This
gated community is 7,500 acre lake locally known as Lake Walk In
Water, considered to be one of the best bass fishing lakes in all
Florida. The lake has luxuries such as a quaint beach, boat ramp,
boat marina & the longest freshwater Fishing pier in the State of
Florida. The picnic pavilion is located at the front of the pier &
is complete with propane grills & covered picnic tables. Short
driving distance to Vero Beach and Lego Land. Orlando and Disney
are an hour North. Tampa & Busch Gardens, are just over an hour
West.
Unit Size
-
Days on Market
215 days
Land Size
0.50 acres
Price per sqft
-
Property Type
Land
Property Taxes
$13
HOA Dues
$33
Year Built
-
Listed By
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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: 7 months ago (Stellar MLS #O6391653)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 10, 2026 | Price Decreased |
$25,000
↓ $2K
(7.4%) | |
| Price Decreased | |||
| Mar 18, 2026 | Listed by BEST ORLANDO LIVING REALTY | $27,000 | |
| Listed by BEST ORLANDO LIVING REALTY | |||
| Mar 30, 2025 | Listed | $20,000 | |
| Listed | |||
| | |||
|
1/2 ACRE RESIDENTAIL LEVEL LOT. 145 feet water frontage. Build your dream home or hold for appreciation in price, in the lake front community of Indian Lake Estates. State of the art 18 hole professional golf course with gorgeous community center with bar and restaurant. Other amenities like basketball & tennis courts, 23,000 sq.ft. clubhouse, cafe, post office, churches, library, fitness room and a golf pro shop. This is a fishing & boating community in the heart of Florida. Indian Lake Estates is 15 minutes east of Lake Wales. This gated community is 7,500 acre lake locally known as Lake Walk In Water, considered to be one of the best bass fishing lakes in all Florida. The lake has luxuries such as a quaint beach, boat ramp, boat marina & the longest freshwater Fishing pier in the State of Florida. The picnic pavilion is located at the front of the pier & is complete with propane grills & covered picnic tables. Short driving distance to Vero Beach and Lego Land. Orlando and Disney are an hour North. Tampa & Busch Gardens, are just over an hour West.
| |||
| May 24, 2005 | Sold | ||
| Sold | |||
Property Highlights
Exterior Details
Building Area Units: Square Feet
Lot Size Area: 21793
Lot Size Units: Square Feet
Lot Size Acres: 0.5
Lot Size Square Feet: 21793
Lot Size Dimensions: 100 x 218
Tax Lot: 22
Water Source: Canal/Lake For Irrigation
Financial Details
Tax Annual Amount: $158
Utilities Details
Sewer : Septic Needed
Location Details
HOA Fee: $396
HOA Fee Frequency: Annually
Comparables
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Status
Status
Type
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Baths
ft²
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HOA + Taxes
About Indian Lake Estates
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Listed by: Ataul Haq
BEST ORLANDO LIVING REALTY
Last Updated: 7 months ago
Data Source: Stellar MLS, MLS# O6391653
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. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
BEST ORLANDO LIVING REALTY
Last Updated: 7 months ago
Data Source: Stellar MLS, MLS# O6391653
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