59
Map
523 SUMMIT AVE
About This Property
The parcel provides ample space for a future home, with the surrounding landscape offering a balance of mature vegetation and established residential development. Its setting is well suited for buyers seeking a residential homesite in a quieter part of Lehigh Acres.
Zoned RS-1, the property is subject to Lee County land development regulations. Buyers should verify permitted uses, residential development potential, setbacks, minimum building requirements, utility availability, access, environmental conditions, and all applicable development requirements with Lee County before purchasing.
The property is located in Flood Zone X, which is generally considered an area of minimal flood hazard under current FEMA flood maps. Buyers should independently verify the current flood zone designation, flood insurance requirements, building regulations, and any applicable development restrictions with FEMA and the appropriate local authorities.
The property is identified by Parcel ID 144527L2030180100. Buyers should independently verify zoning, dimensions, access, utilities, flood zone information, and all other property details prior to purchase.
The property is available for a self-guided tour. Subleasing is not permitted. 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%.
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 |
|---|---|---|---|
| Aug 24, 2026 | Listed by Sunland Real Estate, LLC. | $22,000 | |
| Listed by Sunland Real Estate, LLC. | |||
| Sep 10, 2003 | Sold | ||
| Sold | |||
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About Eisenhower
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017