Lots and land for sale in Rotonda (Rotunda) Lakes, FL
Sales of lots and land have been very slow in Southwest Florida. Rotonda (Rotunda) Lakes, FL had 255 standard building lots listed for sale in the Englewood / Rotonda (Rotunda) MLS system in the month of September, 2006. Only one lot sold in this section, according to the MLS, in the month of September. The sale price was $35,000.
That lot was a corner lot in Rotonda (Rotunda) Lakes. Corner lots, while still officially measured as the standard 80×125 lot, gains free usage of the right-of-way. This large, attractive lot has water and sewer and is in an area where development is picking up. The buyer is from England.
Of the 255 available lots in Rotonda (Rotunda) Lakes, FL, the lowest asking price was $30,900. The highest asking price was $139,900. The average asking price was $68,900. Land and lots in Rotonda (Rotunda) Lakes, FL (inc. Sands, Villas & Meadows) are very similar in size and features and it is unlikely that a potential buyer would pay a significantly higher price than a similar building lot. With a significant number of choices under $40,000, it is unlikely that a buyer would pay more. The preceding dynamic link is current, up to date pricing.
Speculation in these lots has caused an unreasonable price escalation. While a slight variation in price is expected, depending upon size, location and view, this wide range of prices reflects the stubbornness or inability of sellers to adjust to current market conditions.
It is doubtful that a significant rebound in prices will occur in the near future. Investors have left the market and the vast majority of buyers are in the market for personal use. Vacant land and lot prices will follow area development and reflect the value and number of homes in that community.
Sellers – Know what your Rotonda (Rotunda) property is worth in today’s market. Click here for a FREE, NO OBLIGATION MARKET ANALYSIS of your specific lot.
Jim Mulligan (941) 456-3034
Andy Leonard (941) 662-0033