780 Washington Ave
About This Property
"A mature fruit producing loquat tree."
Discover the charm of this .399-acre homesite tucked away at the end of a tranquil street in the heart of LaBelle. Measuring approximately 146' x 130', this nearly square parcel is exceptionally spacious-nearly twice the size of a typical Port LaBelle homesite-providing plenty of room for your new home, outdoor living areas, gardens, and more.
The property offers a peaceful, natural setting with native vegetation, mature tropical landscaping, producing banana trees, and an abundance of bird activity. The homesite is high and dry and appears to be located in Flood Zone X, offering the potential advantage of not requiring flood insurance; buyers should verify flood-zone designation and insurance requirements with their lender and appropriate authorities.
City water lines are already in place for connection, and a city sewer project is currently underway that is expected to extend sewer service to this area. This combination of a large homesite, in-town location, available utilities, and a quiet natural setting makes this a rare opportunity to build your home in LaBelle.
LaBelle offers the best of both worlds-a quiet, small-town lifestyle with convenient access to Southwest Florida's larger cities. For those seeking less noise and traffic, a slower pace, and a friendly community atmosphere, LaBelle is an ideal place to call home. Conveniently located approximately 30 minutes from downtown Fort Myers and North Fort Myers, about 2½ hours from Miami, and approximately 3 hours from Orlando, LaBelle is centrally positioned for work, recreation, and travel throughout Florida.
If you've been searching for a larger in-town homesite with character, privacy, mature tropical vegetation, and convenient access to city amenities, take a look at 780 Washington Avenue!
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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 |
|---|---|---|---|
| Aug 11, 2026 | Listed by Southern Heritage Real Estate | $69,900 | |
| Listed by Southern Heritage Real Estate | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Sep 21, 2020 | Sold | ||
| Sold | |||
| Aug 25, 2020 | In contract | - | |
| In contract | |||
| Aug 15, 2020 | Listed by Southern Heritage Real Estate | $29,500 | |
| Listed by Southern Heritage Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017