26
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841 Milwaukee Blvd
About This Property
Situated in a desirable residential area, this property offers exceptional proximity to schools with convenient access to East Lee County High School (0.04 miles), Mirror Lakes Elementary School (0.91 miles), Lehigh Acres Middle School (2.07 miles), and Homestead Road South (approximately 1.38 miles). The lot is located in Flood Zone X, indicating minimal flood hazard outside both the 100-year and 500-year floodplains. No wetlands identified nearby, allowing for full lot utilization without environmental buffers, mitigation requirements, or permitting delays under the Clean Water Act.
Zoned RS-1 Single Family Residential in unincorporated Lee County, the property supports low-density residential use including single-family detached site-built or modular homes by right. Manufactured/mobile homes are generally prohibited (MH zoning required). Duplexes, townhomes, multifamily apartments/condos are prohibited. ADUs may be permitted under the Florida Live Local Act or county rules (conditional). Max density typically 1-3 units/acre. Buyer should verify all zoning, setbacks, utility availability, and development requirements with the Lee County Community Development Department.
The property is available for a self-guided tour. This lot is not available for rent or lease.
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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 |
|---|---|---|---|
| Sep 11, 2026 | Price Decreased |
$27,999
↓ $1
(0%) | |
| Price Decreased | |||
| Sep 17, 2025 | Listed | $28,000 | |
| Listed | |||
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Exclusively presented by Sunland Real Estate: This spacious property offers the perfect opportunity to build your dream home or invest in one of Southwest Florida's fastest-growing communities. Located on a well-maintained boulevard with easy access to SR-82, shopping, schools, and local amenities. Enjoy the peaceful surroundings of this residential neighborhood while still being close to all that Fort Myers has to offer. Whether you're a builder, investor, or future homeowner, this property is full of potential.
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| Jul 17, 2025 | Listed by Sunland Real Estate, LLC. | $28,000 | |
| Listed by Sunland Real Estate, LLC. | |||
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About Eisenhower
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017