NOT LISTED FOR SALE

Estimated Value: $37,000 - $1,074,156

12.02 Acres
$36,222 Price per Acre
523,591 Sq Ft Lot

Last Sold February 16, 2024

Last sale price $1,175,000

Current estimated payment $2,575/month

117 Days on Market

Highlights

  • Access To Creek
  • View of Trees or Woods
  • Wooded Lot
  • Cape Elementary School Rated A-
  • 12.02 Acre Lot
  • Timber

About This Lot

As of February 2024

Auction Property. PRIME DEVELOPMENT TRACT IN LEE CO, FL - 12.02 ACRES
Bid Now - Ranch and Farm AuctionsBid Now

AUCTION DATE
12
January
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12.02 ACRES / LEE COUNTY, FL

Live and Online at Ranchandfarmauctions.com

Auction Date:01/12/2024 Auction Time: 1:00 PM EST

Auction Location: Burnt Store Lakes Community Room, Turtle Crossing Plaza, 16500 Burnt Store Rd, Unit #101 Punta Gorda, FL 33955

Entire Farm Description:

Prime Road Frontage conveniently located between Cape Coral and Punta Gorda. Great opportunity for developers and investors! This 12.02 +/- acres parcel is located in the City of Cape Coral, FL - Lee County bordering Charlotte County. This property has utilities service at the road coming from Charlotte County which will hook up to during the development process. This is an ideal opportunity for a multi-use property. Cape Coral, Florida is one of the fastest-growing cities in the United States. Currently one of the largest cities in the state of Florida with nearly 222,000 residents. The largest city located between Miami and Tampa. Burnt Store Road - the future for economic development. The Burnt Store Road Corridor, extending approximately 8 miles northward from Pine Island Road to the Charlotte County line represents the future of economic development in the Cape. Approximate property size is 12.02 +/- acres.

Area Information:

Fastest Growing Cities in the U.S

Cape Coral, Florida
Cape Coral, known for its many canals, is a city in southwest Florida. Between 2021 and 2022, the city's population increased by 6.4% from 203,975 to 216,992. The city is well-known for its affordable housing, waterfront properties, nice climate, low crime rate, outdoor pursuits, and immaculate beaches.
Bidders may participate in the auction on-site or online at Ranchandfarmauctions.com
Onsite bidders should bring a government-issued ID
10% down payment immediately after auction - cash, personal, or business checks accepted
If the winning bid is online, you will be immediately contacted to make arrangements for the 10% down payment and a purchase contract will be sent via DocuSign
High bidder has 30 days to close unless otherwise noted
Announcements on auction day will take precedence over any prior announcements
This is a no contingency sale and is not subject to financing or additional inspections
Possession at closing, subject to tenant’s rights, if any
If a survey is needed it will be done following the auction and the total purchase price will be adjusted to the surveyed acres
All information provided is derived from sources believed correct but is not guaranteed or warranted - Bidders shall rely entirely on their own information and judgments
Prime Location
Businesses opportunity
Investment opportunity
Major Road Frontage
Utilities at property line
On Lee and Charlotte County line
Zoned Multi-Purpose
Fastest Growing Area in Southwest Florida

Last Agent to Sell the Property

Erik Flett

WHITETAIL PROPERTIES REAL ESTATE Brokerage Phone: 217-285-9000 License #3576211 Listed on: 10/11/2023

WHITETAIL PROPERTIES REAL ESTATE

Co-Listed By

Macy Flett

WHITETAIL PROPERTIES REAL ESTATE Brokerage Phone: 217-285-9000 License #3576345

Last Buyer's Agent

Erik Flett

WHITETAIL PROPERTIES REAL ESTATE Brokerage Phone: 217-285-9000 License #3576211 Listed on: 10/11/2023

WHITETAIL PROPERTIES REAL ESTATE

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,696

Lot Details

  • 12.02 Acre Lot
  • 440 Ft Wide Lot
  • Property fronts a state road
  • East Facing Home
  • Wooded Lot
  • Property is zoned R1A

Property Views

  • Woods
  • Creek or Stream

Farming

  • Timber

Listing and Financial Details

  • Legal Lot and Block 0010 / 00010
  • Assessor Parcel Number 07-43-23-C3-00010.0010

Community Details

Overview

  • Acreage & Unrec Subdivision

Recreation

  • Access To Creek

Property Details

Property Type

Land

Est. Annual Taxes

$6,696

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 12.02
  • Lot Size Sq Ft: 401623
  • Status: Sold
  • Street Post Direction: N
  • Co List Office Mls Id: MFR128928421
  • Co List Office Phone: 217-577-3699
  • Ownership: Fee Simple
  • Escrow City: Ft. Myers
  • Escrow State: FL
  • Escrow Street Name: McGregor Blvd #100
  • RATIO Current Price By Calculate: 2.93
  • Total Acreage: 10 to less than 20
  • Water Access YN: 1
  • Attribution Contact: 217-285-9000
  • Tax Year: 2022
  • Special Features: 4160
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet

Exterior Features

  • Direction Faces: East
  • Road Frontage Type: State Road
  • View: Trees/Woods
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water Access: Creek
  • Water View: Creek
  • Water View YN: 1
  • Waterfront Feet Total: 0
  • Farm Type: Timber

Utilities

  • Utilities: Electrical Nearby, Electricity Available, Sewer Available, Sewer Nearby, Telephone Nearby, Water Available, Water Nearby
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: R1A
  • Parcel Number: 07-43-23-C3-00010.0010
  • Additional Parcels: No
  • Current Use: Timber
  • Lot Dimensions: 401,623 /37,312
  • Flood Zone Code: X500

Tax Info

  • Tax Annual Amount: 6695.95
  • Tax Block: 00010
  • Tax Book Number: O0/0
  • Tax Lot: 0010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2023
Closed on
Feb 16, 2024
Sold by
Santiesteban Yovan
Bought by
W888 Llc
Seller's Agent
Erik Flett
WHITETAIL PROPERTIES REAL ESTATE
Buyer's Agent
Erik Flett
WHITETAIL PROPERTIES REAL ESTATE
List Price
$1,000
Sold Price
$1,175,000
Premium/Discount to List
$1,174,000
117400%
Views
101
Current Estimated Value
$435,385

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$739,615
Avg. Annual Appreciation
-44.23%

Purchase Details

Closed on
Jul 3, 2018
Sold by
Fedus Family Llc
Bought by
Santiesteban Yovan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.55%

Purchase Details

Closed on
Sep 11, 2003
Sold by
Fedus Michael and Fedus Theodore
Bought by
Fedus Family L L C
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
W888 Llc $1,175,000 Old Florida Title
Santiesteban Yovan $200,000 --
Fedus Family L L C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Santiesteban Yovan $150,000
Previous Owner Santiesteban Yovan --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/16/2024 02/16/24 Sold $1,175,000 -41.3% --
02/06/2024 02/06/24 Pending -- -- --
12/08/2023 12/08/23 Price Changed $2,000,000 +100.0% --
10/20/2023 10/20/23 Price Changed $1,000,000 +99900.0% --
10/11/2023 10/11/23 For Sale $1,000 -- --
Source: Stellar MLS

Tax History Compared to Growth

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
2025 $3,552 $2,388 -- --
2024 $3,552 $143,288 $143,288 --
2023 $9,353 $155,913 $0 $0
2022 $6,696 $141,739 $0 $0
2021 $4,467 $324,540 $324,540 $0
2020 $3,227 $129,080 $129,080 $0
2019 $2,911 $106,491 $106,491 $0
2018 $2,604 $106,491 $106,491 $0
2017 $2,486 $101,420 $101,420 $0
2016 $2,262 $101,420 $101,420 $0
2015 $2,176 $101,420 $101,420 $0
2014 $2,074 $101,420 $101,420 $0
2013 -- $49,800 $49,800 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: OM666113

Stellar MLS

APN: 07-43-23-C3-00010.0010