$1,950,000

2250 Covington Rd Sebring, FL 33870

Estimated payment $11,457/month

Total Views 2,020
15 Acres
$132,653 Price per Acre
640,332 Sq Ft Lot

About This Lot

Prime 15± Acre Hard Corner Multi-Family Development Site – Sebring, FL
275± Units | Only $7,091 Per Unit – Priced for Immediate Sale!

Don’t miss this rare opportunity to secure a premier development site in one of Sebring’s most strategic, high-growth locations. Positioned directly on a hard corner with over 300 feet of frontage on Sebring Parkway, this property offers unmatched visibility and access for a state-of-the-art multi-family community or mixed-use development. Plus 1000+Ft on Scenic Hwy facing the New Budweiser Showplace Facility adding a special element to this superb location.

Just 1.5± miles from Sebring’s Walmart and surrounded by national retailers including Chick-fil-A, WaWa (4 locations), Chipotle, and Rural King—with more on the way—this site sits in the highest-traffic retail corridor in the region. Investors and developers alike are recognizing Sebring's impressive growth potential, and this is your chance to join them.

With zoning that supports approximately 275 units, the land is priced at only $7,091 per unit—an exceptional value for this location. Act now to take advantage of Sebring’s ongoing transformation, fueled by Florida’s new wave of industrial expansion. Major players like Amazon are already establishing a presence, further increasing future demand for housing and retail services.

Future upside: As DOT expands the surrounding Highways to accommodate the eminent growth, consider rezoning the hard corner for high-value commercial uses such as a convenience store (WaWa-type $1M+/acre user) or professional services like an eye care center—while developing the remaining parcel through a joint venture with an established multi-family builder.

Multiple Comps are available upon request like the 300 unit parcel on the other side of Budweiser recently listing and SOLD by our firm plus see aerials of surrounding New Communities presently being developed: Stone Ridge, Watersedge Resort, Rocklyn Townhomes, etc.

Whether you're a seasoned developer or a savvy investor seeking exceptional returns, this 15± acre flagship parcel offers the ideal foundation for a dynamic and profitable project.

Opportunities like this don’t wait. Stake your claim in Sebring’s future—before someone else does.

Listing Agent

Gregory Karlson

ADVANTAGE REALTY #1 License #3229372 Listed on: 05/03/2025

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,241

Lot Details

  • 14.7 Acre Lot
  • Cleared Lot
  • Zoning described as PD

Location

  • City Lot

Schools

  • Sebring Middle School
  • Sebring High School

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number S-13-34-28-090-0010-0000

Property Details

Property Type

Land

Est. Annual Taxes

$8,241

Lot Details

0

Listing Details

  • Property Sub Type: Acreage
  • Prop. Type: Land
  • Lot Size Acres: 14.7
  • Road Surface Type: Paved
  • Directions: From Hammock and US 27 S, Head North on Hwy 27, Turn right onto Sebring Parkway, Property is on left adjacent to Budweiser.
  • Property Sub Type Additional: Acreage
  • Special Features: VirtualTour

Exterior Features

  • Lot Features: City Lot, Public Road, Acreage, Cleared

Utilities

  • Sewer: Public Sewer
  • Utilities: See Remarks, Sewer Available
  • Water Source: Public, See Remarks

Condo/Co-op/Association

  • Association: No

Schools

  • High School: Sebring High
  • Middle Or Junior School: Sebring Middle

Lot Info

  • Current Use: Unimproved
  • Lot Size Sq Ft: 621815.0
  • Additional Parcels Description: ,,
  • Parcel #: S-13-34-28-090-0010-0000
  • Zoning Description: PD

Tax Info

  • Tax Annual Amount: 8241.08
  • Tax Year: 2024

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,387 $422,400 $422,400 --
2023 $8,387 $422,400 $422,400 $0
2022 $8,336 $422,400 $422,400 $0
2021 $5,888 $422,400 $422,400 $0
2020 $4,275 $211,200 $0 $0
2019 $4,288 $211,200 $0 $0
2018 $4,333 $211,200 $0 $0
2017 $4,382 $211,200 $0 $0
2016 $4,368 $211,200 $0 $0
2015 $4,419 $211,200 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2025 05/03/25 For Sale $1,950,000 +169.0% --
10/08/2021 10/08/21 Sold $725,000 -8.8% --
07/29/2021 07/29/21 Pending -- -- --
03/03/2021 03/03/21 For Sale $795,000 -- --
Source: Heartland Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $725,000 Attorney
Special Warranty Deed $215,000 Attorney
Warranty Deed $17,900 South Ridge Abstract & Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $435,000 Unknown
Previous Owner $107,500 Commercial
Source: Public Records

Source: Heartland Association of REALTORS®

MLS Number: 314891

Heartland Association of REALTORS®

APN: S-13-34-28-090-0010-0000