🏡 Land Investment Opportunity in Port Charlotte, FL

📍 Property Details:

• Parcel ID: 412129477017
• 📏 Lot Size: 0.46 Acres (~20,037 sqft, per tax records)
• Zoning: RSF-3.5 (Residential, Single-Family)
• Flood Zone: AE
• Future Land Use: Low Density Residential
• Asking Price: $40,000
• EMD (Earnest Money Deposit): $5,000
• COE (Close of Escrow): 11/4/24

📍 GIS Link:

GIS Property Information

📍 Property Appraiser Link:

Property Appraiser Details

🔑 Key Features:

• Zoning: RSF-3.5, allowing for single-family residential development.
• Future Land Use: Low-Density Residential, suitable for new home construction.
• Flood Zone: The lot is located in flood zone AE, so elevation and flood insurance requirements should be evaluated for future builds.
• Sizeable Lot: At 0.46 acres, this property offers ample space for building a single-family home with room for additional outdoor amenities.

📊 Financial Breakdown:

• 💲 Asking Price: $40,000
• 💲 Land Value: Comparable lots selling around $22k-$44k.
• 🏷️ New Build ARV: $400,000+

📝 Land Comps (Comparable Land Sales):

1. 10496 Van Wyck Ter #2

   • Sold for $24,000 on 5/24
   • 10,003 sqft

2. 13490 Los Angeles Ave #9

   • Sold for $26,000 on 5/24
   • 10,375 sqft

3. 10415 New Brunswick St #10

   • Sold for $22,000 on 6/24
   • 10,000 sqft

4. 10502 Sugartown Rd

   • Sold for $26,500 on 5/24
   • 10,018 sqft

5. 10180 & 10188 Calumet Blvd #13-14

   • Sold for $44,000 on 6/24
   • 0.47 acres

6. 13460 Kitchener Ave

   • Sold for $36,000 on 9/24
   • 0.25 acres

🏠 New Build Comps (Comparable New Construction Sales):

1. 14527 Fort Worth Cir

   • Sold for $430,000 on 5/24
   • 4 beds / 2 baths / 2,557 sqft (2023 build)

2. 14142 S Bend Ave

   • Sold for $395,000 on 6/24
   • 3 beds / 2 baths / 2,196 sqft (2023 build)

3. 14085 Union Hall Ave

   • Sold for $398,000 on 9/24
   • 4 beds / 3 baths / 2,265 sqft (2023 build)

💡 Investment Highlights:

• Spacious Lot: At nearly half an acre, the lot offers flexibility for design and outdoor space.
• Strong Comps: Recent new builds in the area are selling for $395k-$430k, indicating a high ARV for potential construction on this lot.
• Affordable Land Pricing: With comparable lots selling between $22k–$44k, this lot, priced at $40,000, offers competitive value given its size and location.

💼 Conclusion:

This 0.46-acre lot at 10481 Van Wyck Ter in Port Charlotte is a promising investment for developers or investors seeking a prime location for a single-family home. With an asking price of $40,000, comparable land sales, and new builds in the $400k+ range, this lot offers significant upside potential. The AE flood zone should be factored into the build strategy, but overall, this property offers a great opportunity for a profitable development.

For more information or to schedule a site visit, please contact:

📞 Phone: 813-544-4909

⚠️ Disclaimer:

All information provided is deemed reliable but not guaranteed. Buyers should conduct their own due diligence.