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Highlands 33870
516 U.S. Highway 98
$335,000
● Land - Off Market

516 U.S. Highway 98

LORIDA, FL 33857
bedrooms
Studio
bathrooms
0 Bath
$1,626
Est. Monthly

About This Property

Over 24 acres of cleared, improved pasture land with small pond, priced to sell, with 1800 feet of frontage on U.S. Highway 98! On the other side of Hwy & Only 1500 feet from upscale Estates of Sebring Lake Istokpoka/ lakefront community, 5 miles from Sebring Regional Airport/Sebring International Raceway, and less than 5 miles east of Apex Sebring Motor Garages & Townhomes. 10 minutes from U.S. 27 and Cowpokes Watering Hole, Publix and other local amenities. Tremendous potential for residential or potential commercial development, or as a retreat/homebase for race teams, groups or individuals! Upside potential for four 6+-acre Ranchette Homesites subject to approvals of course. 5-6+-acre ranchettes @ $125k ea =$500k minus List Price $330k leaves a potential upside profit of $170K less expenses.
Unit Size
-
Days on Market
39 days
Land Size
24.17 acres
Price per sqft
-
Property Type
Land
Property Taxes
$6
HOA Dues
-
Year Built
-

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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 (Stellar MLS #L4949864)

Price History

Date / Event Date Event Price
Feb 18, 2025 Sold
Premium
Sold
Jan 19, 2025 In contract -
In contract
Jan 10, 2025 Listed by ADVANTAGE REALTY 1 $330,000
Listed by ADVANTAGE REALTY 1

Property Highlights

Building Info

Overview

    General

  • Building Count: 1
  • 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: 1,306,533
  • 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: A
  • Land Acres: 0000029994
  • Standard Land Use Code: 7005
  • County Land Use Code: 66
  • Legal Description 1: GOV LOTS 1 + 2 N OF SEABOARD COASTLINE RR R/W FULLY DESC IN OR 415-PG 427- LESS A STRIP ALONG THE E SIDE 7-35-31/15.1 29.99 ACRES

Neighborhood

  • School District Name: Highlands County School District
  • Census Tract: 960800

Zoning

  • Zoning: AU

Geography

  • Parcel: C-07-35-31-A00-0151-0000
  • Lot: 1,2
  • Meridian: SEC 07 TWN 35S RNG 31E
  • Municipality: COUNTY SOUTH FLORIDA WATER
  • Latitude: 27.4545
  • Longitude: -81.2706

    Address

  • Full Address: 516 Us 98
  • Address - House Number: 516
  • Address - Street Name: Us 98
  • State: FL
  • City Name: Sebring
  • Zip Code: 33870

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $80,158
  • Tax Rate Code Area: 60

    Market Valuation

  • Market Total Value: $86,804
  • Market Land Value: $86,600
  • Market Improvement Value: $204

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $57,762
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 Highlands

Stats & Trends

Median Asking:

$289,995

Sale Price/ft²

$180

Below Asking

0.03%

Average Days on Market

81

Average Home Size

1732 ft²

Average Home Age

26.4 years

Currently For Sale

488 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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STELLAR

Listed by: Jim Pyle
ADVANTAGE REALTY 1
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# L4949864
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.

Frequently Asked Questions

When was property at 516 U.S. 98 built and last sold?
The property at 516 U.S. 98 was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 516 U.S. 98 is $0.
What are some comparable homes to 516 U.S. 98?
There are currently no comparable homes to 516 U.S. 98.
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