FORT MYERS/LEHIGH ACRES FLORIDA LAND CORNER LOT. *LOOK* (140379731842)

Driving Times and Distances:

Taxes:

In a recent poll conducted by a Florida Newspaper as well as the “Tax Foundation“ for the year 2008 Florida ranked # 4 in overall Tax burden on its residents. (#1 being the least taxed.) Behind places like Alaska and Wyoming, but who wants to move there anyway??? Thanx , but NO Thanx !!!! So when it comes to taxes, Florida with its low Sales tax, very low property taxes and all the available exemptions is indeed the place to be, play, live and retire…. Apropos retiring, did you know that Florida is one of only four states known as : “Pension Friendly State” which means that your hard earned pension doesn’t get taxed here !!! If you decide to work, there are NO State or City income taxes here. Car insurance rates are among the lowest in the country. The taxes for this lot are around $100/yr. Not bad hah?

Interesting Facts:

This year will be the best time to be a land buyer in years. After the real estate boom that topped out in 2006 we are now at the bottom of a bust that has reduced land prices 70 to 90 percent. Based on Florida's long term high growth rate from immigration, retiring Baby-Boomers, and others attracted to Florida's climate, beaches, low taxes and low unemployment, this chance to buy land at these prices will be the best most of us will see in our lifetimes. Florida's population grew by 304,562 in 2006 while New York and Michigan declined. Florida created the most jobs of any state in 2006, 211,400 new jobs and had an unemployment rate of 3.3 percent.(2006)
Price cycles can be more extreme in land than any other real estate. There are signs that we have reached the low point of this cycle, down 70 to 90% from the high point of the last cycle. Buyers at this point in the cycle will make anywhere from 8 to 12 times of their investment (800-1200%) when prices get back to the levels of 2006. Since prices at each cycle high usually exceed the previous highs, potential gains are tremendous and much safer compared to most other investments. Recovery to previous highs will probably take about 7 to 10 years. (from 2005-06)
A Lehigh Acres 10,000 sq ft building lot can be bought for $5,000 to $15,000 (down from $45,000 to $65,000 in 2006).
Building lot values grow consistently over long periods of time because the population of Florida is growing by 300,000+ people/year and the amount of buildable land is shrinking. Land within a 30 minute drive of the coast will see its price recovery first. Also, that is where the most dramatic jump in values will occur
because that's where 80 percent of the people want to live. Right now over 80% of Florida’s population lives within 30 min. drive of the Beach….
Lots don't give you management headaches like rental properties do and with annual taxes of only around $100/yr. you just can’t go wrong with this Real Estate investment.

 Just wait and see how high will land prices go next time another wave of Baby-Boomers decides to retire and move somewhere warm. (2004-06 was the first big wave).

If you have any questions please do not hesitate to call or e-mail us. Since we not only operate but also live right here in SW Florida, we can actually meet you in person, show you around and walk the property with you before you buy it. Thank you for reading, and GOOD luck in Bidding !!!! Call: 239-628-8586 or email: kertayholdings@hotmail.com

Transaction Details:

The buyer has 2 closing options.