Amazing investment potential at only $1500!! This property is 1.14 acres (165′ x 300′) located in the Avon Park Estates Subdivision in Avon Park, Florida. As it currently sits, this property is not buildable. This entire subdivision was purchased by the Avon Park Estates Corporation who divided all the lots in half. This is one of the half lots. The County is currently still dealing with this as they will not allow people to build on just a half lot, even though these lots are over an acre each. The recourse available is to do one of 3 things: (1) Purchase the 1/2 lot next to this one and reunite them as a full lot; (2) Have the half lot resurveyed and replatted and follow county direction at that point; (3) allow the process to work through and see what happens and keep the property for an investment for years down the road.
You could also purchase this property and resell it immediately. The Avon Park Estates Subdivision is selling these properties still at a much higher purchase price. Many sale in recent years were to investors at prices over $20,000.
At LandsandLots.com, we believe in discounted prices for our customers. These sales prices are to buyers who most likely are not aware of these issues and are assuming they are getting a usable 1+ acre lot. However, it shows the potential value for these properties if one of the above recourse methods is done.
We are offering this property at 36% of assessed value. Remember, the county is aware of these issues and they are the ones that set the value and we are still at a fraction of this!