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10-13-2009, 10:36 AM
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Member
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Join Date: Oct 2009
20 posts, read 3,504 times
Reputation: 11
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Is it worth buying vacant land in Lehigh Acres?
I found a 1/4 acre lot on E 25st and Louis ave (near Abbott ave)really cheap. Is it worth holding onto, say ten years or more. Just as an investment. thanks
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10-13-2009, 10:37 AM
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Senior Member
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Join Date: Sep 2009
Location: Lehigh Acres
760 posts, read 151,775 times
Reputation: 265
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how cheap is really cheap? you can buy unimproved land next to occupied houses for less than 8k
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10-13-2009, 10:39 AM
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Member
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Join Date: Oct 2009
20 posts, read 3,504 times
Reputation: 11
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under $3000
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10-13-2009, 10:48 AM
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Senior Member
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Join Date: Sep 2009
Location: Lehigh Acres
760 posts, read 151,775 times
Reputation: 265
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yessir, worth it
especially if it has palmettos growing on it... decent soil
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10-13-2009, 10:54 AM
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Member
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Join Date: Oct 2009
20 posts, read 3,504 times
Reputation: 11
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I guess I will buy it but I'm in new york. Owner seems nice
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10-13-2009, 11:10 AM
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Senior Member
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Join Date: Sep 2009
Location: Lehigh Acres
760 posts, read 151,775 times
Reputation: 265
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want someone to go look at it? give me the physical address and i can check it out for ya
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10-15-2009, 02:58 PM
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Paseo Fort Myers (best neighbourhood in SWF!)
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Join Date: Nov 2007
276 posts, read 104,425 times
Reputation: 59
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check for a lien against the land
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10-15-2009, 08:41 PM
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Real Estate Agent
Status:
"There's No Place Like Home"
(set 4 days ago)
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Join Date: Sep 2006
Location: Knoxville, Tennessee
10,416 posts, read 7,476,327 times
Reputation: 3147
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It was suppose to be a great investment in the 1950s. Fifty years passed before the developers really started to build, and even then, it didn't take off, and that was in the middle of an enormous housing boom in swFlorida.
Lehigh Acres has always been the last resort in Lee County. It was the place to go when you couldn't afford anything else.
Here's the thing. It's on the other side of I-75. It is a long drive to get to Fort Myers Beach. There is still plenty of land on the west side of the highway. Heck, Cape Coral and Estero have lots of room left. And lets not forget all the empty houses that are over there, let alone the staggering amount of homes in Lehigh, many of them never lived in before.
Will it never take off? Never say never. But in ten years? I would be surprised.
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10-15-2009, 10:57 PM
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Senior Member
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Join Date: Aug 2007
Location: wandering aimlessly
3,040 posts, read 1,219,306 times
Reputation: 781
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Quote:
Originally Posted by hiknapster
Lehigh Acres has always been the last resort in Lee County. It was the place to go when you couldn't afford anything else.
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I agree. Be careful and check zoning laws, etc. In 10 years it might end up costing you more than you paid for it. OTOH nobody can predict the future. However, when something is very cheap, always ask yourself "Why is it such a good deal?" |
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10-16-2009, 07:46 AM
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Senior Member
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Join Date: Sep 2009
Location: Lehigh Acres
760 posts, read 151,775 times
Reputation: 265
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nancy, because there is TONS of vacant lots in LA
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