7655 Barrancas Avenue
About This Property
This AG-2 zoned property offers the flexibility to build not only your dream home but also a barn or additional storage for your RV, boat, trailers, and recreational vehicles. The sellers have already completed significant site improvements, including a raised building pad that could save you thousands in fill and site preparation costs. A picturesque pond has also been created, complemented by a growing collection of Royal Palms that provide the perfect backdrop for your future backyard oasis.
Pine Island is renowned for its laid-back Old Florida charm, tropical beauty, and unmatched outdoor lifestyle. Spend your days boating, fishing, kayaking, or exploring nearby islands, then return home to breathtaking sunsets, gentle tropical breezes, and spectacular night skies. Surrounded by lush tropical vegetation-including mango, banana, coconut, and other fruit trees-you'll experience the tranquility that makes island living so special. Keep an eye out for bald eagles soaring overhead, ospreys hunting along the shoreline, and playful dolphins and gentle manatees that frequently grace the surrounding waters.
Whether you're looking for a private island retreat, a waterfront lifestyle, or the perfect place to build your forever home, this remarkable property offers endless possibilities in one of Southwest Florida's most desirable island communities.
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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 |
|---|---|---|---|
| Jun 24, 2026 | Listed by Coldwell Banker Realty | $145,000 | |
| Listed by Coldwell Banker Realty | |||
| Mar 10, 2025 | Sold | ||
| Sold | |||
| Feb 10, 2025 | In contract | - | |
| In contract | |||
| Jan 31, 2025 | Listed by John R. Wood Properties | $145,000 | |
| Listed by John R. Wood Properties | |||
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Do you want to be near marinas, some of the best fishing in all of SW Florida (especially Tarpon), and quick access to the Gulf of Mexico? Then look no further! Build your custom dream home on this cleared 1.2 acre parcel in Bokeelia! Lavenders Landing boat ramp is only one half mile from this lot! This lot is zoned Ag-2, so a barn can be built to store your RV, boat, trailers, and other toys! The sellers built a pad to put their dream home on, but decided not to build. Save yourself thousands in dirt, whether used for a new home, or for landscaping. They also dug a pond and nurtured a good number of Royal Palms for lovely backyard views. Pine Island offers warm tropical breezes year round, along with so many tropical fruits including mangoes, bananas, coconuts, fruit trees, and more. Enjoy the peace and tranquility that Pine Island provides, not to mention the brilliant stars at night, and the Bald Eagles and Ospreys that fly overhead, and the dolphins and manatees that entertain the boaters.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017