7
Map
$13,500
↓ $1K (6.9%)
●
Land -
For Sale
623 ALBA DRIVE
INDIAN LAKE ESTATES, FL 33855
Studio
0 Bath
$106
Est. Monthly
$32
HOA / Fees
About This Property
Build your dream home on this vacant lot located in the desirable
Indian Lake Estates. Indian Lake Estates is a golfing, fishing, and
boating community in the center of Florida. If you want to enjoy
Florida living at its best, this is where you want to invest!
Indian Lake Estates is about 20 miles east of Lake Wales. The
community surrounds Lake Walk In Water, nationally known for its
fishing and considered to be one of the best bass fishing lakes in
all Florida. The lake has a beach, boat ramp, marina and the
longest freshwater fishing pier in the State of Florida. The
pavilion is located at the front of the pier and is complete with
propane grills and covered picnic tables. The community amenities
include an 18-hole golf course, basketball courts and tennis
courts, a clubhouse, cafe, post office, churches, library, fitness
room and pro shop. If you love nature and the peace and quiet of
the country, you're in luck. Orlando is only about an hour's drive
north, and Tampa, and the Gulf's pristine beaches only a little
over an hour west.
Unit Size
-
Days on Market
599 days
Land Size
0.55 acres
Price per sqft
-
Property Type
Land
Property Taxes
$7
HOA Dues
$32
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: 3 months ago (Stellar MLS #L4951080)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 11, 2026 | Price Decreased |
$13,500
↓ $1K
(6.9%) | |
| Price Decreased | |||
| Feb 19, 2026 | Relisted | $14,500 | |
| Relisted | |||
| Jan 29, 2026 | In contract | - | |
| In contract | |||
| Nov 7, 2025 | Price Decreased |
$14,500
↓ $2K
(12.1%) | |
| Price Decreased | |||
| Jun 22, 2025 | Price Decreased |
$16,500
↓ $2K
(10.8%) | |
| Price Decreased | |||
Show More
Property Highlights
Exterior Details
Security Features: Gated Community
Waterfront Features: Lake Front
Waterbody Name: LAKE WALK-IN-WATER
Building Area Units: Square Feet
Lot Features: Corner Lot, Near Golf Course, Wooded, Buildable, Rural
Lot Size Area: 23949
Lot Size Units: Square Feet
Lot Size Acres: 0.55
Lot Size Square Feet: 23949
Lot Size Dimensions: 120 x 218
Tax Lot: 13
Water Source: None
Financial Details
Tax Annual Amount: $83
Utilities Details
Sewer : None
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Recreational Facilities
HOA/Condo/Coop Amenities: Fitness Center, Gated, Golf Course, Playground
HOA Fee: $385
HOA Fee Frequency: Annually
Comparables
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Type
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Baths
ft²
Price/ft²
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HOA + Taxes
About Indian Lake Estates
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Listed by: Megan Jones-Glass
DREAM REALTY GROUP
Last Updated: 3 months ago
Data Source: Stellar MLS, MLS# L4951080
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.
DREAM REALTY GROUP
Last Updated: 3 months ago
Data Source: Stellar MLS, MLS# L4951080
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017