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Marion 34491
8591 SE 164TH PLACE
$47,500
● Land - Off Market

8591 SE 164TH PLACE

SUMMERFIELD, FL 34491
bedrooms
Studio
bathrooms
0 Bath
$270
Est. Monthly
60.04%
Cap Rate

About This Property

VACANT LOT! This is a beautiful .22-acre corner homesite in the desirable Orange Blossom Hills community of Summerfield. This spacious lot offers excellent development potential in a growing area with no HOA restrictions. Conveniently located near Highway 42, it provides easy access to shopping, dining, and amenities, including Publix and VA Medical facilities, with The Villages just a short drive away. Well and septic are required, with electric nearby for easy connection. Perfect for building your dream home in a vibrant, expanding neighborhood.
Unit Size
-
Days on Market
110 days
Land Size
0.22 acres
Price per sqft
-
Property Type
Land
Property Taxes
$36
HOA Dues
-
Year Built
2014

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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: 10 months ago (Stellar MLS #G5102586)

Price History

Date / Event Date Event Price
Jan 14, 2026 Sold
Premium
Sold
Nov 14, 2025 In contract -
In contract
Sep 26, 2025 Listed by BASSETT PREMIER REALTY INC $47,500
Listed by BASSETT PREMIER REALTY INC
Jun 17, 2016 Sold
Premium
Sold
Jun 20, 2014 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 10
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 11
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 726
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 111
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,216
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 1,750
  • Total Building Area: 2,898
  • Gross Building Area: 3,212
  • Building Area: 2,172
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 8
  • Heated Square Feet: 2,172
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ORANGE BLOSSOM HILLS
  • Land Acres: 0000000510
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: SEC 28 TWP 17 RGE 23 PLAT BOOK G PAGE 023 ORANGE BLOSSOM HILLS UNIT 2 BLK 28 LOTS 4.5.6.7.8.9.10

Neighborhood

  • School District Name: Marion County School District
  • Census Tract: 000805

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MAP 258
  • Parcel: 4702-028-007
  • Block: 28
  • Lot: 4
  • Meridian: SEC 28 TWN 17S RNG 23E
  • Municipality: COUNTY - SJRWMD-OR
  • Latitude: 28.9831
  • Longitude: -82.0108

    Address

  • Full Address: 8591 Se 164th Pl
  • Address - House Number: 8591
  • Street Direction: SE
  • Address - Street Name: 164th
  • Address - Suffix Type: Pl
  • State: FL
  • City Name: Summerfield
  • Carrier Code: R002
  • 4-Digit Zip Code: 7029
  • Zip Code: 34491

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $351,138
  • Tax Rate Code Area: 9001

    Appraisal Valuation

  • Standard Deviation: 0.2727
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 60
  • Final Value: 472,780
  • High Value: 601,708
  • Low Value: 343,853

    Market Valuation

  • Market Total Value: $349,614
  • Market Land Value: $59,220
  • Market Improvement Value: $290,394

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $243,421

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 13, 2016
  • Current Sale Recording Date: Jun 17, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016056718
  • Previous Sale Recording Date: Jun 20, 2014
  • Previous Sale Contract Date: Jun 16, 2014
  • Previous Sale Amount: $223,200
  • 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 Marion

Stats & Trends

Median Asking:

$289,000

Sale Price/ft²

$176

Below Asking

0.01%

Average Days on Market

91

Average Home Size

1872 ft²

Average Home Age

20.7 years

Currently For Sale

3968 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 17150 Se 78th Larchmont Court, THE VILLAGES, FL, 32162

$2,595 /mo

  • 2 Beds
  • 2 Baths
  • 1,624 ft²
17150 Se 78th Larchmont Court, THE VILLAGES, FL, 32162 Listing by Nicole Stein

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Sharon Bassett
BASSETT PREMIER REALTY INC
Last Updated: 10 months ago
Data Source: Stellar MLS, MLS# G5102586
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 8591 Southeast 164th Place built and last sold?
The property at 8591 Southeast 164th Place was built in 2014 and last sold on Jun 13, 2016 for $254,500.
How much is this home worth?
The estimated value of the home located at 8591 Southeast 164th Place is $0.
What are some comparable homes to 8591 Southeast 164th Place?
There are currently no comparable homes to 8591 Southeast 164th Place.
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