$3,000,000
●
Land -
Off Market
7500 Sparta Road
Sebring, FL 33875
Studio
0 Bath
$19,435
Est. Monthly
About This Property
Prime Lakefront Residential Development Potential Opportunity!
166.89± Acres on Lake Charlotte, Sebring, FL Over 600± Ft of
Lakefront. Equal Paved Road Frontage. Offers easy access and high
visibility. Zoning: Currently zoned Agricultural (Ag), but
surrounded by residentially zoned properties with water and sewer
access nearby, offering immense development flexibility. South:
Adjacent residentially zoned property recently sold for
development. North: Lake Huckleberry turnkey development site is
under contract for $7.5 million. This site is ideal for estate lots
or a thoughtfully planned residential community. With its central
location and the growing demand for premium residential properties
in the area, act quickly-this property is expected to sell fast!
Unit Size
-
Days on Market
133 days
Land Size
166.89 acres
Price per sqft
-
Property Type
Land
Property Taxes
$39
HOA Dues
-
Year Built
-
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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: 9 months ago (Beaches MLS #F10476799)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 30, 2025 | Sold | ||
| Sold | |||
| Apr 8, 2025 | In contract | - | |
| In contract | |||
| Dec 18, 2024 | Listed by ADVANTAGE REALTY 1 | $3,950,000 | |
| Listed by ADVANTAGE REALTY 1 | |||
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Prime Lakefront Residential Development Potential Opportunity! 166.89± Acres on Lake Charlotte, Sebring, FL Over 600± Ft of Lakefront: Perfect for creating estate lakefront lots with breathtaking Sunset views. Equal Paved Road Frontage on Sparta Rd: Offers easy access and high visibility. Zoning: Currently zoned Agricultural (Ag), but surrounded by residentially zoned properties with water and sewer access nearby, offering immense development flexibility. Prime Location: Situated in the heart of Sebring's most valuable residential area. South: Adjacent residentially zoned property recently sold for development. North: Lake Huckleberry turnkey development site is under contract for $7.5 million. This site is ideal for estate lots or a thoughtfully planned residential community. With its central location and the growing demand for premium residential properties in the area, act quickly—this property is expected to sell fast! Potential Development Options: Buyers can explore rezoning opportunities aligned with adjacent residential properties or craft a custom development plan tailored to market need
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Highlands
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Listed by: Gregory S Karlson
Advantage Realty #1
Last Updated: 9 months ago
Data Source: Beaches MLS, MLS# F10476799
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.
Advantage Realty #1
Last Updated: 9 months ago
Data Source: Beaches MLS, MLS# F10476799
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