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Monroe County, FL · Sold

FL-194957

4992 County Road 198

$111,300
$6,820/ac · 16.32 ac
Acreage16.32 ac
Price per acre$6,820/ac
ZoningRecreational
Road accessLandlocked
UtilitiesOff grid
TopographySloped
ListedApr 20, 2025
Coordinates25.6668, -81.0878
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County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

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

View Monroe market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
52
Moderate risk
Wetlands6.1% of tract

Little to no mapped wetland coverage.

Average slope21.7%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power6,816 ft away

A long utility run — price in solar/off-grid instead.

Buildable area9.19 of 16.32 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$117,324
$88,053$146,594 · $7,189/ac on 16.32 ac
Asking vs estimate
-5.1%
Priced below the comp set

Weighted from 9 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 $111,300
Maximum allowable offer
$67,042
$4,108/ac · +30.0% target margin

You need $44,258 off asking to hit this margin.

All-in cost$72,741
Net resale$107,938
Projected profit$35,197
ROI+48.4%
Annualized+69.3%
Break-even resale$4,845/ac
Profit if resale lands off target
-20%
$13,610
-10%
$24,403
0%
$35,197
+10%
$45,991
+20%
$56,785
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
FL-365018
Gravel · Power at road
17.1Apr 25, 2026$258,30015,1398,90810.8 mi
79
FL-255577
Paved · Off grid
25.6Feb 19, 2026$238,4009,3235,8119.3 mi
73
FL-344088
Dirt · Off grid
8.7Mar 3, 2025$99,10011,3959,0266.2 mi
72
FL-764072
Dirt · Full utilities
8.6Aug 24, 2024$146,30017,0159,5771.1 mi
71
FL-554261
Paved · Off grid
9.9Sep 5, 2025$136,00013,7897,8737.6 mi
70
FL-605886
Dirt · Power at road
32.0Feb 24, 2025$205,4006,4195,02911.4 mi
61
FL-403232
Dirt · Power at road
4.7Feb 3, 2024$32,8007,0034,7473.7 mi
60
FL-863908
Landlocked · Off grid
7.6Sep 19, 2023$37,6004,9245,17011.4 mi
60
FL-396589
Landlocked · Power at road
53.2Nov 14, 2024$362,4006,8087,4948.8 mi
58
Show adjustment detail for the top comp
  • Tract size (17.06 ac → 16.32 ac)+0.5%
  • Access (Gravel → Landlocked)-32.0%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (4 mo)+1.3%

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.