Valued Buyers, buildable land in this location and at this price point is scarce! This property offers 2.3 acres with no HOA, and Seminole County’s assessed value of the land alone is $196,000.
Currently the lowest-priced home available on an acre or more in the entire 32779 ZIP code, this property is priced $130,000 below the next lowest-priced home at $529,000, which sits on just one acre—1.3 fewer acres than our property.
There are two potential investment opportunities: renovate and flip the existing home, which needs a full interior and exterior renovation but had its roof and electrical updated in 2022, or explore splitting the property into 2 roughly one-acre lots and building, subject to county approval and confirmation of buildability.
Over the past 300 days, homes in the comparison group sold for an average of approximately $1 million, generally offering 3,000–4,000 square feet on 1.7 acres.
We are currently working on obtaining a survey and will share it once available.
Contact your EP Advisor for MLS sold comps, photos, videos, and the full due diligence package.