A Unique Gem: Florida Investment Property
The right Labelle, Florida property for sale can provide amazing opportunities for investors and developers alike, depending on the location, property size, zoning, future land use, and of course, price. The unique development property we are spotlighting today happens to have every box checked on our wish list, including over 20 acres of Florida land for sale!
Address and List Price
List Price: $8,999,999.00
Location, Location, Location! Florida Property for Sale
This hidden gem, located in Labelle, Florida, offers over 29 acres of fenced land that gracefully runs along a breathtaking stretch of the Caloosahatchee River within the Western Oxbow Mixed Use District. Whether you’re an investor seeking new opportunities or a developer in search of a blank canvas, this property has everything you need to bring your vision to life. Get ready to explore the captivating details and unlimited potential of this remarkable investment opportunity.
Western Oxbow Mixed Use District Land Use Specifics:
The Western Oxbow Mixed Use District, spans approximately 146 acres, and is literally a treasure trove of possibilities.
This prime piece of development property holds a unique position within the district, benefiting from its location along a breathtaking stretch of the Caloosahatchee River, easy access to SR 80, and adjacency to the City of LaBelle.
Because the vision for this property is to create a harmonious mix of residential and non-residential development, this opens up a world of opportunities for investors and developers, allowing for the creation of diverse residential communities or a blend of residential and commercial spaces.
The objective of the District is to create a mixed-use form of development that allows residential uses and non-residential uses in appropriate locations.
Land Use (the short version):
- Residential Development: Potential for both single-family and multi-family residential development, providing a variety of housing options.
- Residential Densities: Base density – Six units per gross acre; and one additional unit per gross acre if a Greenway/Bluebelt is provided along the Caloosahatchee River on any property owned by any of the Western Oxbow property owners.
- Non Residential Development: Retail, service commercial, governmental and support services, hotels/motels, office facilities, medical facilities, public or private marinas, and similar recreational and commercial uses. Docking facilities, covered docks and boathouses are also permitted land uses.
Below is a deeper dive into the land use specifics (or you can just click the link at the end of the section and read the actual Hendry County Comprehensive Plan).
Florida Property for Sale - Land Use Breakdown
For residential development, both single-family and multi-family dwellings are allowed, along with docking facilities, covered docks, and boathouses to fully embrace the riverside lifestyle. Non-residential options include retail establishments, service commercial ventures, governmental and support services, hotels/motels, office facilities, medical facilities, public or private marinas, and a host of recreational and commercial uses.
There are also guidelines in place that would encourage the development of a community or destination that would provide a diverse and well rounded balance of retail, commercial and greenspace.
To maintain a cohesive development, commercial establishments are encouraged to avoid a strip commercial approach and instead cluster in appropriate locations.
The district also encourages water-related development, such as marinas, canoe and kayak launches, docking facilities, and accessory uses like ships’ stores.
Recreation is also a priority, with amenities like tennis courts and other facilities allowed to enhance the overall appeal of the development.
Residential densities are set at a base density of six units per gross acre, with the potential for an additional unit per gross acre by providing a Greenway/Bluebelt along the Caloosahatchee River.
The district also emphasizes the importance of open space, requiring residential development to set aside 25% of the land as open space and non-residential development to allocate 15% for the same purpose.
Additionally, the zoning guidelines promote environmental preservation. Residential lot lines and parcel boundaries must maintain a minimum setback of 50 feet from the Mean High Water Level (MHWL) of the river, safeguarding water quality.
Low impact development techniques and enhanced Best Management Practices for surface water management are strongly encouraged, ensuring sustainable and environmentally friendly development practices.
For more information, here is a link to the Hendry County Comprehensive Plan which outlines the details of the Western Oxbow Mixed Use District.
Locate Desirable Florida Property for Sale
The Home Details - 3/2 With So Many Extras!
Nestled within this sprawling estate is a custom-built, 3-bedroom, 2-bathroom pool home that exudes charm and sophistication. Immerse yourself in luxury as you step into the welcoming entryway. The thoughtfully designed interiors, crown molding, and attention to detail throughout this home create a seamless blend of elegance and warmth, offering a tranquil sanctuary for residents.
Step outside, and you’ll find an expansive backyard that invites you to indulge in outdoor living. Host unforgettable gatherings around the fire after enjoying a day on the river. Relax under the shade of century old oak trees or take a refreshing dip in the pool while savoring breathtaking view of the river.
Additional outbuildings and a bonus guest house provide ample space for guests, storage, a home workshop, and more!
Now is the time to seize this extraordinary investment opportunity. With its ideal location, extensive zoning allowances, and breathtaking river views, this property is primed for visionary developers and investors seeking to make their mark in Southwest Florida’s real estate landscape.
Contact Weatherford Realty Group today to learn more or schedule a tour.
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Florida Land for Sale - Labelle Florida Real Estate
Stephanie Sposato
Stephanie Sposato is a Labelle, Florida resident, real estate and business investor, and owner / broker with Weatherford Realty Group. Stephanie is an award-winning Realtor with over two decades of experience working with investors, first time home buyers and developers in SW Florida.
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