← New search
Lee County, FL · Sold

FL-885183

3817 County Road 242

$159,000
$8,273/ac · 19.22 ac
Acreage19.22 ac
Price per acre$8,273/ac
ZoningRecreational
Road accessLandlocked
UtilitiesFull utilities
TopographyMixed
ListedOct 28, 2024
Coordinates26.4876, -82.0031
Loading terrain…
County GIS boundary

An active ArcGIS layer was found, but the parcel boundary could not be matched by APN or location. This usually means the parcel identifier format differs from the county's layer. Open the county source to verify the shape.

County market

Lee County, Florida. Rural interior counties absorbing metro overflow; the country's hottest lot market.

View Lee market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
36
Moderate risk
Wetlands10.7% of tract

Little to no mapped wetland coverage.

Average slope4.6%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area16.31 of 19.22 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$206,046
$148,353$263,739 · $10,720/ac on 19.22 ac
Asking vs estimate
-22.8%
Priced below the comp set

Weighted from 10 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $159,000
Maximum allowable offer
$117,740
$6,126/ac · +30.0% target margin

You need $41,260 off asking to hit this margin.

All-in cost$127,748
Net resale$189,562
Projected profit$61,814
ROI+48.4%
Annualized+69.3%
Break-even resale$7,225/ac
Profit if resale lands off target
-20%
$23,902
-10%
$42,858
0%
$61,814
+10%
$80,770
+20%
$99,727
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
FL-565265
Dirt · Power at road
20.4Jul 27, 2026$149,8007,3427,1527.3 mi
83
FL-465215
Landlocked · Full utilities
19.7Jan 11, 2026$208,90010,61210,90911.9 mi
81
FL-345321
Gravel · Power at road
21.3Jun 1, 2026$211,6009,9588,44111.2 mi
79
FL-255550
Gravel · Full utilities
25.1Apr 27, 2026$433,70017,29112,34410.5 mi
77
FL-365653
Paved · Off grid
27.0Jul 27, 2026$419,80015,53713,50010.3 mi
77
FL-774106
Landlocked · Off grid
8.8Aug 14, 2025$42,1004,7786,6247.0 mi
72
FL-225005
Gravel · Power at road
16.9Nov 1, 2024$160,5009,4958,3397.4 mi
71
FL-515185
Paved · Off grid
19.3Nov 15, 2023$371,30019,28917,8026.4 mi
71
FL-895585
Dirt · Full utilities
25.7Sep 11, 2024$412,60016,04314,2685.8 mi
70
FL-326311
Paved · Power at road
43.5Nov 3, 2025$439,60010,1028,3407.9 mi
70
Show adjustment detail for the top comp
  • Tract size (20.4 ac → 19.22 ac)+0.8%
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Power at road → Full utilities)+22.0%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.