Jay Terrace
About This Property
Discover your slice of paradise on this spacious 0.61-acre corner lot in Glades County, LaBelle, FL. Priced at just $45,000, this residential property is ideal for building your dream home or as an investment opportunity. Situated in a peaceful area surrounded by Florida's natural beauty, this lot offers ample space for privacy and outdoor living.
Key features include:
Prime Corner Location – Excellent frontage and accessibility, perfect for building options and landscape designs.
Minimal Clearing Needed – Start your construction project sooner, with very little prep required.
Great Investment Potential – LaBelle is a charming community with growing interest and convenient access to Florida's Gulf Coast and Lake Okeechobee.
Whether you envision a family home, a serene retirement retreat, or a valuable addition to your real estate portfolio, this property offers boundless possibilities. Don't miss this opportunity to own a piece of LaBelle's tranquil lifestyle!
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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 |
|---|---|---|---|
| Apr 29, 2025 | Sold | ||
| Sold | |||
| Apr 14, 2025 | In contract | - | |
| In contract | |||
| Nov 6, 2024 | Listed by Weatherford Realty Group LLC | $45,000 | |
| Listed by Weatherford Realty Group LLC | |||
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| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
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Last Updated: 2 years ago
Data Source: SWFLMLS, MLS# 224089583
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