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Lake Placid 33852
707 Sunset Pointe DRIVE
$135,000
● Land - Off Market

707 Sunset Pointe DRIVE

LAKE PLACID, FL 33852
bedrooms
Studio
bathrooms
0 Bath
$837
Est. Monthly
$66
HOA / Fees
8.00%
Cap Rate

About This Property

Build your dream home at Lake June Pointe. LOT 707 on this one acre beautiful corner lot. The most exclusive private gated community in Lake Placid gives you access to Lake June. Lake June is a 3,500 acre clear water sand bottom lake, great for all water sports. Walk to the community dock, beach, fish or swim, watch the amazing sunsets, picnic tables, a playground and bathrooms in the community park. Bring your boat and enjoy Lake June and as many as 30 other lakes including Lake Placid, 3,400 acres with depths of up to 50' and Lake Istokpoga, a 27,000 acre lake know for big bass and large crappie. Custom home floor plan already designed and survey is complete. Both will be available to the buyer at no extra cost.
Unit Size
-
Days on Market
147 days
Land Size
1.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$34
HOA Dues
$66
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: 3 years ago (Stellar MLS #A4591250)

Price History

Date / Event Date Event Price
Apr 26, 2024 Sold
Premium
Sold
Apr 12, 2024 In contract -
In contract
Dec 1, 2023 Listed by BHHS EWM REALTY $150,000
Listed by BHHS EWM REALTY
Apr 5, 2021 Sold
Premium
Sold
May 27, 2003 Sold
Premium
Sold

Property Highlights

With View

Building Info

Overview

    General

  • 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: 44,109
  • Lot Size Depth Feet: 2,780
  • Lot Size Frontage Feet: 1,570
  • 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: V
  • Subdivision: LAKE JUNE POINTE PHASE I
  • Land Acres: 0000001013
  • Standard Land Use Code: 8000
  • County Land Use Code: 00
  • Legal Description 1: LAKE JUNE POINTE PHASE I PB 16-PG 34 LOT 8 BLK 2

Neighborhood

  • School District Name: Highlands County School District
  • Census Tract: 961604

Zoning

  • Zoning: R1A

Geography

  • Parcel: P-35-36-29-010-0020-0080
  • Block: 2
  • Lot: 8
  • Meridian: SEC 35 TWN 36S RNG 29E
  • Municipality: LAKE PLACID CITY LIMITS
  • Latitude: 27.2968
  • Longitude: -81.388

    Address

  • Full Address: 707 Sunset Pointe Dr
  • Address - House Number: 707
  • Address - Street Name: Sunset Pointe
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Lake Placid
  • Carrier Code: R018
  • 4-Digit Zip Code: 9190
  • Zip Code: 33852

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 50

    Market Valuation

  • Market Total Value: $41,890
  • Market Land Value: $41,890

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $41,890
  • Assessed Land Value: $41,890

    Sales

  • Current Sale Contract Date: Mar 29, 2021
  • Current Sale Recording Date: Apr 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2027490
  • Previous Sale Recording Date: May 27, 2003
  • Previous Sale Contract Date: May 13, 2003
  • Previous Sale Amount: $60,000
  • Previous Sale Document Type: 71
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 Lake Placid

Stats & Trends

Median Asking:

$599,900

Sale Price/ft²

$189

Above Asking

0.00%

Average Days on Market

45

Average Home Size

2245 ft²

Average Home Age

29.2 years

Currently For Sale

5 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

Unit for rent at 704 S Main Avenue, Lake Placid, FL, 33852

$1,000 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
704 S Main Avenue #714, Lake Placid, FL, 33852 Listing by Kimberly Donato

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Katie Mengelgrein
BHHS EWM REALTY
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# A4591250
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 707 Sunset Pointe Drive built and last sold?
The property at 707 Sunset Pointe Drive was built in and last sold on Mar 29, 2021 for $50,000.
How much is this home worth?
The estimated value of the home located at 707 Sunset Pointe Drive is $0.
What are some comparable homes to 707 Sunset Pointe Drive?
There are currently no comparable homes to 707 Sunset Pointe Drive.
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