Price just reduced from 164,000.
This little grove has great potential for residential development. The owners are moving out of state and are motivated to sell. They have been through the Level 1 review process for division of the land and have a response that there is a potential for 16 building lots. This was just an initial start and an owner would have to go through the several other review processes to finish the platting process and sell lots but the fact that it is currently planted to citrus trees (Hamlin and about 35 Navel trees), the grove is leased and this more than covers the real estate taxes. There is also the potential for a new owner to manage the grove themselves and derive the income from the citrus which is picking about 150 boxes to the acre.
The old adage “not making any more land” and to find a small property with the paving, water, location makes it just a great location for a small developer or builder.
The property is bounded on 4 sides by paved County maintained streets. (Scenic Hwy. (SR 17) , Ross St., Seminole Rd. and Minnesota Ave.)
Babson Park is a very unique and quiet little town. Population is about 2000 for what is considered the Babson Park area. It is located South of Lake Wales, FL and North of Frostproof, Fl. There is an elementary school, Webber International University, small shopping center, fuel, restaurant, churches and many of the homes in the area are located on prestigious Crooked Lake.
Lake Wales is about 10 miles away and there you have access to the Lake Wales Hospital, all types medical offices & services, churches, shopping, etc.
There is a 4” electric irrigation well, Paved roads on all 4 sides and public water available.
Price has been reduced to only $ 164,000. There are signs on the property.