Unveiling a Gem in Poinciana, FL: A 2.52 Acre Land Parcel with Promising Potential
Located in the heart of Poinciana, FL, this 2.52-acre land parcel offers an unparalleled investment opportunity amidst a flourishing real estate market. Positioned within the Poinciana Subdivision Neighborhood 3 Village 3, this property is not just a piece of land; it's a blank canvas for visionary development, backed by compelling market dynamics and growth indicators.
Market Overview and Investment Appeal:
Robust Market Dynamics: The Poinciana real estate market has demonstrated remarkable resilience and growth, with the January 2024 data highlighting a significant uptrend. With 101 closed sales, the area surpasses its five-year November average of 165 sales, indicating a robust and active market conducive to new developments.
Ascending Property Values: The average sales price of homes in Poinciana has seen a substantial rise to $300,667, up from the five-year November average of $232,318. This upward trajectory is mirrored in the December 2023 average sales price of $309,988, underscoring the area's appreciating property values and the potential for high returns on investment in land development.
Competitive Market Positioning: With an average sale to original list price ratio of 97%, closely aligning with the regional norm, investments in this area are poised for solid gains. The property's strategic positioning enhances its value proposition, promising lucrative opportunities for residential or commercial projects.
Increasing Demand and Limited Supply: With 357 active listings, compared to the five-year December average of 298 listings, the demand for quality real estate in Poinciana is evident. This parcel, offering 2.52 acres of prime land, represents a rare opportunity to meet the growing demand in a market with limited supply.
Favorable Construction and Development Metrics: The average price per square foot in the area stands at $121 as of December 2023, reflecting a 10.7% increase from the previous month. This metric not only highlights the area's economic vitality but also accentuates the potential for a sound investment with substantial growth prospects.
Strategic Location and Development Flexibility:
This land parcel is uniquely positioned on Tiger Road, offering extensive frontage and accessibility. Zoned for a broad range of uses and with utilities like electrical services nearby, it presents a versatile development opportunity. Whether the vision is to create a bespoke residential enclave, a commercial hub, or a mixed-use development, this property provides the perfect foundation.
Community and Lifestyle Advantages:
The Poinciana community is known for its vibrant lifestyle and comprehensive amenities, including a fitness center, park, playground, pool, recreation facilities, and tennis courts. These community features not only enhance the quality of life but also add intrinsic value to any development on this land.
Conclusion:
In a market characterized by strong sales activity, appreciating property values, and robust demand, this 2.52-acre parcel in Poinciana stands out as an exceptional investment opportunity. With its strategic location, development flexibility, and the backdrop of a thriving real estate market, it represents a compelling proposition for builders, developers, and investors alike.
Property Type :
Land
Subdivision :
Poinciana Nbrhd 03 Village 03
County :
Polk
Style :
Land
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ByOwner last updated this listing 04/26/2024 @ 18:20
MLS: MFRMLS #O6181454
LISTED BY: A.J. Lash, CORCORAN PREMIER REALTY
SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS)
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
