562 LIBBY ROAD
About This Property
7.35-Acre Equestrian and Homestead Haven in Scenic Babson Park........with Infinite Potential !!
Property Overview:
Unmatched privacy, sweeping rural vistas, and ultimate versatility await at this expansive 7.35-acre country estate. Nestled down a long, private driveway in the highly sought-after, tranquil community of Babson Park, this fully fenced property is a dream come true for equestrians, hobby farmers, investors, or anyone looking to build a tailored Florida homestead. If you are seeking space, freedom, and affordability without sacrificing proximity to modern conveniences, this is your canvas.
The true value here is in the Land and Infrastructure. The crown jewel of this property is the sprawling, high-and-dry acreage and its existing agricultural infrastructure. Completely perimeter-fenced, the land is perfectly suited for horses, cattle, or livestock.
Outbuildings include:
Two Functional Barns: Ready to be utilized for stalls, feed, tack, or equipment storage.
Outdoor Living: Features a large, rustic fire pit area perfect for gathering under the stars.
Whether you choose to clear a few areas to restore pristine pasture land, or maintain the current secluded growth for maximum privacy, the panoramic, unobstructed views of Florida's famous sunrises and sunsets are absolutely breathtaking.
Sitting on the property is a substantial 2004 double-wide mobile home, boasting an impressive 2,400 square feet of interior living space. Featuring a desirable split floor plan with 4 spacious bedrooms and 2 full bathrooms, this home offers an expansive layout.
Note: The home is a true fixer-upper needing interior TLC and attention, and the acreage requires some cleanup. It is being sold strictly As-Is, with the washer and dryer included. Bring your tools and vision to completely renovate the existing structure, or live on-site while you plan and build your custom dream home. (Note: some of the repairs to flooring and the walls are being completed by the sellers.)
Location & Market Appeal:
Located in southeastern Polk County, Babson Park is celebrated for its quiet, rural charm, rolling hills, and close proximity to pristine freshwater lakes like Crooked Lake and Lake Caloosa. This property operates on private well and septic (no water bills!) and features No HOA, giving you the ultimate freedom to park your RVs, boats, tractors, or classic cars without restriction.
Properties of this acreage size with established structures rarely hit the market in this price tier. Capitalize on the land value, tap into the equestrian lifestyle, and build sweat equity from day one!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017