$699,900
$100K PRICE DROP

Fruitland Park, FL 34731

Estimated payment $4,179/month

Total Views 10,238
10 Acres
$71,346 Price per Acre
427,324 Sq Ft Lot

About This Lot

MOTIVATED SELLER.. BRING US AN OFFER!!!!THIS IS THE PERFECT PLACE FOR AN RV STORAGE OR SELF STORAGE DEVELOPMENT DIRECTLY ADJACENT TO THE VILLAGES MASSIVE RETIREMENT COMMUNITY AND THE HAMMOCK OAKS DEVELOPMENT ON 466 AND CHERRY LAKE ROAD WHERE THE NEIGHBORHOOD WAL MART IS BEING BUILT. PRIME FOR DEVELOMENT AT A GREAT PRICE PER ACRE.

This 10-acre parcel of vacant land represents a prime opportunity for development, offering an exceptional price per acre. Situated in a promising area poised for growth, this expansive property provides the perfect canvas for a variety of development possibilities. Whether you're envisioning a residential community, commercial enterprise, or a mixed-use project, the spaciousness and strategic location of this land can accommodate your plans. Additionally, the favorable price point enhances the investment potential, making it an attractive option for developers looking to capitalize on emerging market trends. With the right vision and planning, this land could transform into a thriving development, offering long-term value and success.

Market Context & Rent Assumptions

• Average rent per unit in Fruitland Park is around $120/month, across a mix of sizes and climate-controlled options .
• Climate-controlled units average about $136/month, while non-climate looks closer to $130/month .
• Specialty vehicle/RV/boat storage units average $95–$99/month .

Facility Specs & Revenue Scenarios

1. Rentable Area Potential
A comparable market asset in Fruitland Park spans ~60,880 rentable sq?ft . On 10 acres, depending on layout and building coverage, a similar size is feasible.
2. Unit Mix Example

o Non climate units: 45,000?sq?ft
o Climate controlled units: 10,000?sq?ft
o Vehicle/RV/boat storage: 5,000?sq?ft
3.
4. Monthly Gross Income Estimate

o Non climate units: 45,000?sq?ft × ($130 / tenant? better convert by unit)
Let’s approximate units: an average unit ~100?sq?ft so ~450 units × $130 = $58,500/month
o Climate controlled: ~100 units × $136 = $13,600/month
o Vehicle/RV/boat spots (~50 spots) × $95 = $4,750/month
5.
Total estimated monthly gross $76,850
? Annual gross revenue $922,200

Revenue Ranges

Depending on density and enhancements:

Listing Agent

Mark Dyer

BLACK TIE REALTY, INC. Brokerage Phone: 352-751-7888 License #3540139 Listed on: 11/20/2024

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,162

Lot Details

  • 9.81 Acre Lot
  • Lot Dimensions are 336x1330
  • Chain Link Fence

Utilities

  • Well
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 19-18-24-0003-000-02800

Property Details

Property Type

Land

Est. Annual Taxes

$4,162

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 9.81
  • Lot Size Sq Ft: 427324
  • Directions to Property: 466 TO CHERRY LAKE ROAD AND SOUTH. GPS WILL NOT BRING YOU IN THE RIGHT WAY. THERE IS A 6 FOOT CHAIN LINK FENCE TO THE LEFT (NORTH) OF THE DRIVEWAY. THERE WILL BE A SIGN AT THAT CORNER
  • Status: Active
  • Ownership: Fee Simple
  • Escrow City: Lady Lake
  • Escrow Postal Code: 32159
  • Escrow State: FL
  • Escrow Street Name: S Old Dixie
  • Escrow Street Number: 133
  • List Office Head Office Key Nume: 1039770
  • RATIO Current Price By Calculate: 1.64
  • Total Acreage: 5 to less than 10
  • Water Access YN: 0
  • Attribution Contact: 352-751-7888
  • Tax Year: 2023
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 38020

Exterior Features

  • Waterfront: No
  • Road Surface Type: Paved
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2012-12-18
  • Flood Zone Panel: 12069C0165E
  • Price Per Acre: 71346

Utilities

  • Utilities: Electricity Available
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Association: No
  • Association 2 YN: 0

Fee Information

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

Lot Info

  • Zoning: A
  • Parcel Number: 19-18-24-0003-000-02800
  • Additional Parcels: No
  • Current Use: Unimproved
  • Fencing: Chain Link
  • Lot Dimensions: 336x1330
  • Flood Zone Code: X
  • Lot Size Square Meters: 39700
  • Current Adjacent Use: Commercial,Multi-Family,Residential

Tax Info

  • Tax Annual Amount: 4162
  • Tax Block: 000
  • Tax Book Number: 4522/959

Range of Values:

Collateral Analytics

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 Price Changed $699,900 -6.7% --
04/09/2025 04/09/25 Price Changed $749,900 -6.3% --
03/17/2025 03/17/25 Price Changed $799,900 +14.3% --
03/15/2025 03/15/25 Price Changed $699,900 -12.5% --
11/20/2024 11/20/24 For Sale $799,900 -- --
Source: Stellar MLS

Source: Stellar MLS

MLS Number: G5089561

Stellar MLS

Florida Lake County Fruitland Park

32162

This home and is currently priced at $699,900. This home is a home located in Lake County with nearby schools including The Villages Elementary of Lady Lake School, Carver Middle School, and Leesburg High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS 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.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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Mark Dyer
Listing Agent
Mark Dyer
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BLACK TIE REALTY, INC.
(352) 802-3625