$1,500,000

Located in Labelle, Labelle, 0 N Hickory St (MLS®# 224009809) is a gorgeous Acreage Land. It features 3.68 acres of lot.

It is currently listed for $1,500,000, and its price was recently reduced from $1,900,000 to $1,500,000.

Labelle Island Estates is a 3.68± acre peninsula located directly on the Caloosahatchee River in the City of Labelle. This offering is an unparalleled opportunity to invest in a prime waterfront property with diverse development potential. This exclusive site is distinguished by its unique peninsula feature with the Caloosahatchee River surrounding three sides of the property. Whether building an exclusive residential estate or envisioning a small waterfront community, this rare site promises a blend of privacy, natural beauty, and investment value. The property presents two potential scenarios for development: 1. A residential estate home site, ideal for individuals who value seclusion and exclusive waterfront living. 2. A small residential development, located along the Caloosahatchee River consisting of up to seven waterfront homes. Given that riverfront acreage in this area is highly sought after, both scenarios offer attractive opportunities. • The property is elevated much higher than typical waterfront properties, thereby significantly reducing the risk of future flooding. • R-1AA zoning allows a wide variety of residential uses, potentially allowing for 7 units.

Listing Map