INCREDIBLE TERMS – SELLER FINANCING!! Price: $1,350,000. $350,000 Down. $1,000,000 seller financing at 4.75% interest fully amortized over 30 years with estimated monthly principle / interest payments equal to $5,217. No Balloon!! WOW!! Where else can you find these terms?!
****Please do not access the property without an appointment as we have short term rental guests on site.*****
Discover a one-of-a-kind property in Alva, Florida, perfect for a family compound or investment opportunity. This stunning 4.26-acre estate offers endless possibilities with three houses, a 1,250 sq ft greenhouse, a cozy casita tiny home, a detached garage, and two 30 amp RV hookups. The homes are approximately sized as follows: a 4-bedroom, 2-bathroom home at 1,700 sq ft, a 2-bedroom, 1-bathroom w/ den home at 900 sq ft, and another 2-bedroom, 1-bathroom home at 800 sq ft. Zoned AG2, this property allows for a wide range of uses, including short-term rentals with no minimum stay requirements, a bed and breakfast, agritourism activities, agricultural operations, administrative offices, caretaker’s residence, place of worship and more. Previous owner was a botanist and planted a lot of trees and vegetation from star fruit, ginger, crotons, royal palms as well as natural vegetation of mature oaks and the list goes on. Nature enthusiasts will love the serene creek that connects to the Caloosahatchee River, where you can spot wildlife such as owls, turtles, fish, and even the occasional gator. The property is adorned with mature fruit and herb plants, as well as majestic oak trees that provide shade and enhance the acreage’s charm. Currently, some of the homes are active in short-term rental programs, offering immediate income potential. All measurements are approximates. Whether you’re envisioning a peaceful retreat, a family compound, an agritourism business, or a steady stream of rental income, this property delivers unmatched potential. Entire property is sold turnkey, including a side-by-side Toro. The owners, who are licensed real estate brokers in Florida, ensure a seamless transaction process. Don’t miss this unique opportunity—schedule a showing today! DO NOT ENTER PROPERTY WITHOUT AN APPOINTMENT. Owners are licensed real estate brokers in Florida and can be reached at 239-425-5671 or info@steveinvests.com to set up a private tour of this incredible property in Alva Florida! AG2 Zoning: Lee County, FL Land Development Code
Additional Details:
Property Highlights:
- 4.26 Acres
- 3 Renovated Houses and Tiny Home with new kitchens, bathrooms, flooring, paint, waterheaters, etc
- 3 bed w/ Den / 2 bath – Large house, wood ceilings, large wraparound porch. (17790 Caloosa Rd Alva Florida 33920) – Currently in short terms rental program with bookings out to May).
- 2 bed w/ Den / 1 bath, Screened Front Porch, Shed (17780Caloosa Rd Alva Florida 33920). Currently in short term rental program with bookings as far out at April.
- 2 bed / 1 bath w/ additional living room, large screen patio, wood ceilings (17800 Caloosa Rd Alva Florida 33920). Currently in short term rental program with bookings as far out at April.
- 1 Tiny Home) with bathroom, laundry and a large screened porch. It has a queen bunk with a couch below and a kitchenette with a full-size fridge and sink.
- 3 Addresses, 1 Parcel
- All houses have picnic tables, park-style charcoal grills, and games(shuffleboard, ring game, corn hole, darts, etc).
- 1 Large Greenhouse (1,152 sq ft) – 24’ x 48’ – This could be an option to rent out, use for personal use, or provide an overall experience as a bed and breakfast with fresh food from the property.
- 1 Large Garage with electricity. Includes Toro side-by-side for the property.
- 2 RV Hook Ups one with a travel trailer paying lot rent ($650 per month) with its own private driveway / site. Discounted rent as the tenant takes the garbage out to the road for all short term rentals on Friday’s.
- Trails throughout the property and Creek leading to the CalooshatcheeRiver.
- Back part of the property with Green House, Casita and 2 RV Hook Ups are separated by the Creek and Gate if you want to separate off (IE -Owner’s / Staff Quarters).
- 4 Electric Meters (FPL), New water treatment plant for the entire property.One submersible well for entire property, Multiple septic tanks (all pumped2024)
- Starlink services entire property / all structures.
- Shell / fill brought in and elevated throughout the property road, driveways, parking spots, etc.
- One adjoining parcel away from Caloosahatchee River Park (Walking trailsand Kayak Launch). One adjoining parcel away from Caloosahatchee River Park Mountain Bike Trailhead (Approx 12 miles of Biking / Horse / Hiking Trails).
- Approx 10 miles from Babcock Ranch, 2 Publixes. Approx 12 miles from Interstate I75.
- Multiple Zoning uses, including short-term rentals, Bed & Breakfast, storage, horticulture, farming, etc.
- Dozens of mature Oak Trees
- Multiple other trees like Magnolia, Mango, Sour Orange Trees, PondApples, Ginger, star fruit, lemons, limes, Royal Palms and more. Priorowner was a Botanist and we are still discovering new plants.
- www.AlvaOaks.com owned can be transferred
ProForma
** The 3 houses are in short term rentals. We can provide figures on those upon request. The one RV spot is leased as mentioned above. The other RV lot and tiny home are vacant and used by us.
Estimated Annual Income:
- RV (Lot Rent) – $650 (Leased)
- RV (Lot Rent) – $750
- Green House – $1,000
- Tiny Home – $1,000
- Annual Income: $42,000
Estimated Airbnb Income:
- House #1 – $55,000 (Annual $36,000)
- House #2 – $35,000 (Annual $24,000)
- House #3 – $35,000 (Annual $24,000)
- Annual Income: $125,000
[Total Projected Annual Gross Income: $167,000]
Expenses:
- Water Treatment Plant ($75 per month / $900 p/yr) – Outsourced
- Lawncare ($350 per month / $4200 p/yr) – Outsourced
- StarLink Internet with mesh extender / routers for the entire property ($120per month / $1,440 p/yr)
- Insurances:
- 17800 – $1,348 (Hazard); $3,882 (Flood);
- 17780 – $1,348 (Hazard); $4,749 (Flood);
- 17790 – $2,271 (Hazard); $4,014 (Flood);
- $505 (Liability)
- Total: $18,117
- Taxes Approx ($1,000 per month / $12k p/yr)
- Electric ($450 per month / $5400 p/yr)Annual Expenses: $42,000** Potential to get AG exemption to lower taxes for certain Ag activities.
[Proforma NOI = $167,000 – $42,000 = $131,000 (Est. 9.7% Cap)]
Our thoughts on increasing revenue / highest and best use:
- Bed and breakfast with fresh fruit, vegetables and eggs from the property (not currently growing)
- Communal home / assisted living.
- Add additional storage / warehouse / pole barn for lease
- Airbnb or entire compound lease for corporate events, weddings, family reunions, birthday parties, etc.
- Perfect for a generational family compound!