38905 Pine St · Umatilla, FL 32784

$379,900

2 bd · 1.0 ba · 800 sqft · SingleFamily public records · 29 Days on market

Built 2026 0.34 ac lot

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Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Cash flow +2.0/30.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

FOR SALE: PRIME BUILDABLE LOT IN UMATILLA, FLORIDA BUILD FLORIDA REAL ESTATE™ Attention Builders, Investors and Future Homeowners! NO HOA! Discover the perfect canvas for your next project! This . 28-acre lot at 38905 Pine St. , Umatilla, FL, offers a prime opportunity for builders, investors, and visionaries alike. Located in scenic Lake County, this residential-zoned (R-1) parcel is ideal for crafting your dream home or development project. PROPERTY HIGHLIGHTS • Location: 38905 Pine St. , Umatilla, FL • Total Acreage: 0.28 acres • Zoning: Residential (R-1) • Utilities Available: City water, septic, electricity, and gas • Topography: Flat and build-ready; no environmental concerns reported • Flood Zone: No • Road Access: Maintained by Lake County ADDITIONAL DETAILS • Impact Fee Credit: Lake County Impact Fee Credit available • Survey: Not recently completed • Annual Property Taxes: Paid and up to date • Clear Title: No liens or mortgages Price determined by market analysis of recent area sales and trends. LOCATION & AMENITIES • Public Transportation: Less than 0.5 miles away • Major Highways: Convenient access to 408, I-4, and the Turnpike • Groceries: • Walmart Supermarket: Nearby • Publix: Within a short drive • Nearby Developments: Opportunities for growth and investment in the area This lot is the perfect opportunity to build your dream property or expand your portfolio. With utilities in place, road access, and flexibility for development, it’s ready for your vision to come to life. Contact today to learn more or to schedule a site visit! Secure this lot today and make your next big move in Lake County! Construction to Perm loan options = Build your Dream Home! See this lot at BuildLakeCounty

Key facts

• Mature oak trees
• Granite top island
• Private patio

Tags

• LOW MAINTENANCE LIVING
• NO HOA
• MATURE OAK TREES
• GRANITE TOP ISLAND
• PRIVATE PATIO
• IRRIGATED WATERING SYSTEM

Property features AI

Finance

• Other: Zoning: R-6
• HOA & community: Street lights

Exterior

• Parking: Attached 2-car garage (20 x 20)
• Utilities: Public water; Private sewer (septic tank); Broadband/high-speed internet available; Underground utilities
• Home design: Single family residence; One story; East-facing
• Construction: Block and stucco construction; Shingle roof; Slab foundation; New construction; Completed condition
• Exterior features: Rear porch; Exterior lighting; Trees and landscaped grounds; Level, cleared lot; On golf course; Paved and asphalt access; Public maintained road

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Laminate; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: High ceilings; Walk-in closets; Wet bar
• Laundry & utility: Inside laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $380k.

Deal economics

• At list price, monthly cash flow is $-1k ($-17k/yr) — negative.
• To cash-flow at today's rent, offer at most $131k (65.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $103k (72.8% below list).
• Recommended offer: $103k (72.8% below list) — sets the bar for 1% rule.
• Cap rate 1.8% vs local median 2.9% in Umatilla — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 73/100 on livability (#300 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, health & safety A+; Watch: employment C-, amenities F, commute F.
• Lake (suburban): math 49% / reading 50% proficiency, ranked #37 of 73 in FL (top 51%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 223 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 4,799 units permitted in Lake County in 2024 (814 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• Lake County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($374k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 2y ago; this cycle's ask has dropped $20k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $47k; list at $380k implies a 708% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $103,339 (72.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.27% ✗
• Cap rate: 1.85%
• Cash-on-cash: -15.87%
• DSCR: 0.29
• GRM: 30.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -47.3%
• Equity multiple: -0.42×
• Total profit: $-151,394
• Equity at exit: $56,644

10-year hold

• IRR: -91.1%
• Equity multiple: -1.33×
• Total profit: $-248,148
• Equity at exit: $32,847

Cash invested: $106,372 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32784

• Home prices YoY: -8.5%
• Active inventory: 223
• Price-to-rent: 30.6×

Monthly cashflow live

• Estimated rent: $1,033 medium
• Mortgage (P&I): −$1,992
• Tax from tax record: −$73 /mo · $872/yr
• Insurance: −$158
• HOA: −$0
• Vacancy / Maint / Mgmt: −$217
• Net cashflow: $-1,407

Break-even live

Break-even rent $2,814

Max offer price $131,377

Occupancy floor —

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $94,975
• Closing costs: $11,397
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
80 N Central Ave Unit 204 Umatilla, FL	1.0	1.0	909	$1,000	$1.10	23d	1	0.85mi
80 N Central Ave Unit 203 Umatilla, FL	1.0	1.0	909	$1,099	$1.21	17d	1	0.85mi
87 N Central Ave Unit 209 Umatilla, FL	1.0	1.0	600	$995	$1.66	23d	1	0.87mi

Listing history 15 events

1. 2026-05-15
   status Pending
2. 2026-05-13
   price $379,900
3. 2026-05-02
   price $389,900
4. 2026-04-16
   listed $399,900 Active
5. 2025-09-03
   soldstatus $47,000 Closed 1874-char remark

   Show marketing remark (1874 chars)

   FOR SALE: PRIME BUILDABLE LOT IN UMATILLA, FLORIDA BUILD FLORIDA REAL ESTATE™ Attention Builders, Investors and Future Homeowners! NO HOA! Discover the perfect canvas for your next project! This . 28-acre lot at 38905 Pine St. , Umatilla, FL, offers a prime opportunity for builders, investors, and visionaries alike. Located in scenic Lake County, this residential-zoned (R-1) parcel is ideal for crafting your dream home or development project. PROPERTY HIGHLIGHTS • Location: 38905 Pine St. , Umatilla, FL • Total Acreage: 0.28 acres • Zoning: Residential (R-1) • Utilities Available: City water, septic, electricity, and gas • Topography: Flat and build-ready; no environmental concerns reported • Flood Zone: No • Road Access: Maintained by Lake County ADDITIONAL DETAILS • Impact Fee Credit: Lake County Impact Fee Credit available • Survey: Not recently completed • Annual Property Taxes: Paid and up to date • Clear Title: No liens or mortgages Price determined by market analysis of recent area sales and trends. LOCATION & AMENITIES • Public Transportation: Less than 0.5 miles away • Major Highways: Convenient access to 408, I-4, and the Turnpike • Groceries: • Walmart Supermarket: Nearby • Publix: Within a short drive • Nearby Developments: Opportunities for growth and investment in the area This lot is the perfect opportunity to build your dream property or expand your portfolio. With utilities in place, road access, and flexibility for development, it’s ready for your vision to come to life. Contact today to learn more or to schedule a site visit! Secure this lot today and make your next big move in Lake County! Construction to Perm loan options = Build your Dream Home! See this lot at BuildLakeCounty

6. 2025-08-22
   status Pending 1874-char remark

   Show marketing remark (1874 chars)

   FOR SALE: PRIME BUILDABLE LOT IN UMATILLA, FLORIDA BUILD FLORIDA REAL ESTATE™ Attention Builders, Investors and Future Homeowners! NO HOA! Discover the perfect canvas for your next project! This . 28-acre lot at 38905 Pine St. , Umatilla, FL, offers a prime opportunity for builders, investors, and visionaries alike. Located in scenic Lake County, this residential-zoned (R-1) parcel is ideal for crafting your dream home or development project. PROPERTY HIGHLIGHTS • Location: 38905 Pine St. , Umatilla, FL • Total Acreage: 0.28 acres • Zoning: Residential (R-1) • Utilities Available: City water, septic, electricity, and gas • Topography: Flat and build-ready; no environmental concerns reported • Flood Zone: No • Road Access: Maintained by Lake County ADDITIONAL DETAILS • Impact Fee Credit: Lake County Impact Fee Credit available • Survey: Not recently completed • Annual Property Taxes: Paid and up to date • Clear Title: No liens or mortgages Price determined by market analysis of recent area sales and trends. LOCATION & AMENITIES • Public Transportation: Less than 0.5 miles away • Major Highways: Convenient access to 408, I-4, and the Turnpike • Groceries: • Walmart Supermarket: Nearby • Publix: Within a short drive • Nearby Developments: Opportunities for growth and investment in the area This lot is the perfect opportunity to build your dream property or expand your portfolio. With utilities in place, road access, and flexibility for development, it’s ready for your vision to come to life. Contact today to learn more or to schedule a site visit! Secure this lot today and make your next big move in Lake County! Construction to Perm loan options = Build your Dream Home! See this lot at BuildLakeCounty

7. 2025-08-09
   status Active 1874-char remark

   Show marketing remark (1874 chars)

   FOR SALE: PRIME BUILDABLE LOT IN UMATILLA, FLORIDA BUILD FLORIDA REAL ESTATE™ Attention Builders, Investors and Future Homeowners! NO HOA! Discover the perfect canvas for your next project! This . 28-acre lot at 38905 Pine St. , Umatilla, FL, offers a prime opportunity for builders, investors, and visionaries alike. Located in scenic Lake County, this residential-zoned (R-1) parcel is ideal for crafting your dream home or development project. PROPERTY HIGHLIGHTS • Location: 38905 Pine St. , Umatilla, FL • Total Acreage: 0.28 acres • Zoning: Residential (R-1) • Utilities Available: City water, septic, electricity, and gas • Topography: Flat and build-ready; no environmental concerns reported • Flood Zone: No • Road Access: Maintained by Lake County ADDITIONAL DETAILS • Impact Fee Credit: Lake County Impact Fee Credit available • Survey: Not recently completed • Annual Property Taxes: Paid and up to date • Clear Title: No liens or mortgages Price determined by market analysis of recent area sales and trends. LOCATION & AMENITIES • Public Transportation: Less than 0.5 miles away • Major Highways: Convenient access to 408, I-4, and the Turnpike • Groceries: • Walmart Supermarket: Nearby • Publix: Within a short drive • Nearby Developments: Opportunities for growth and investment in the area This lot is the perfect opportunity to build your dream property or expand your portfolio. With utilities in place, road access, and flexibility for development, it’s ready for your vision to come to life. Contact today to learn more or to schedule a site visit! Secure this lot today and make your next big move in Lake County! Construction to Perm loan options = Build your Dream Home! See this lot at BuildLakeCounty

8. 2025-08-08
   historical 1874-char remark

   Show marketing remark (1874 chars)

   FOR SALE: PRIME BUILDABLE LOT IN UMATILLA, FLORIDA BUILD FLORIDA REAL ESTATE™ Attention Builders, Investors and Future Homeowners! NO HOA! Discover the perfect canvas for your next project! This . 28-acre lot at 38905 Pine St. , Umatilla, FL, offers a prime opportunity for builders, investors, and visionaries alike. Located in scenic Lake County, this residential-zoned (R-1) parcel is ideal for crafting your dream home or development project. PROPERTY HIGHLIGHTS • Location: 38905 Pine St. , Umatilla, FL • Total Acreage: 0.28 acres • Zoning: Residential (R-1) • Utilities Available: City water, septic, electricity, and gas • Topography: Flat and build-ready; no environmental concerns reported • Flood Zone: No • Road Access: Maintained by Lake County ADDITIONAL DETAILS • Impact Fee Credit: Lake County Impact Fee Credit available • Survey: Not recently completed • Annual Property Taxes: Paid and up to date • Clear Title: No liens or mortgages Price determined by market analysis of recent area sales and trends. LOCATION & AMENITIES • Public Transportation: Less than 0.5 miles away • Major Highways: Convenient access to 408, I-4, and the Turnpike • Groceries: • Walmart Supermarket: Nearby • Publix: Within a short drive • Nearby Developments: Opportunities for growth and investment in the area This lot is the perfect opportunity to build your dream property or expand your portfolio. With utilities in place, road access, and flexibility for development, it’s ready for your vision to come to life. Contact today to learn more or to schedule a site visit! Secure this lot today and make your next big move in Lake County! Construction to Perm loan options = Build your Dream Home! See this lot at BuildLakeCounty

9. 2025-06-23
   status Active 1874-char remark

   Show marketing remark (1874 chars)

   FOR SALE: PRIME BUILDABLE LOT IN UMATILLA, FLORIDA BUILD FLORIDA REAL ESTATE™ Attention Builders, Investors and Future Homeowners! NO HOA! Discover the perfect canvas for your next project! This . 28-acre lot at 38905 Pine St. , Umatilla, FL, offers a prime opportunity for builders, investors, and visionaries alike. Located in scenic Lake County, this residential-zoned (R-1) parcel is ideal for crafting your dream home or development project. PROPERTY HIGHLIGHTS • Location: 38905 Pine St. , Umatilla, FL • Total Acreage: 0.28 acres • Zoning: Residential (R-1) • Utilities Available: City water, septic, electricity, and gas • Topography: Flat and build-ready; no environmental concerns reported • Flood Zone: No • Road Access: Maintained by Lake County ADDITIONAL DETAILS • Impact Fee Credit: Lake County Impact Fee Credit available • Survey: Not recently completed • Annual Property Taxes: Paid and up to date • Clear Title: No liens or mortgages Price determined by market analysis of recent area sales and trends. LOCATION & AMENITIES • Public Transportation: Less than 0.5 miles away • Major Highways: Convenient access to 408, I-4, and the Turnpike • Groceries: • Walmart Supermarket: Nearby • Publix: Within a short drive • Nearby Developments: Opportunities for growth and investment in the area This lot is the perfect opportunity to build your dream property or expand your portfolio. With utilities in place, road access, and flexibility for development, it’s ready for your vision to come to life. Contact today to learn more or to schedule a site visit! Secure this lot today and make your next big move in Lake County! Construction to Perm loan options = Build your Dream Home! See this lot at BuildLakeCounty

10. 2025-01-27
    status Pending 1874-char remark

    Show marketing remark (1874 chars)

    FOR SALE: PRIME BUILDABLE LOT IN UMATILLA, FLORIDA BUILD FLORIDA REAL ESTATE™ Attention Builders, Investors and Future Homeowners! NO HOA! Discover the perfect canvas for your next project! This . 28-acre lot at 38905 Pine St. , Umatilla, FL, offers a prime opportunity for builders, investors, and visionaries alike. Located in scenic Lake County, this residential-zoned (R-1) parcel is ideal for crafting your dream home or development project. PROPERTY HIGHLIGHTS • Location: 38905 Pine St. , Umatilla, FL • Total Acreage: 0.28 acres • Zoning: Residential (R-1) • Utilities Available: City water, septic, electricity, and gas • Topography: Flat and build-ready; no environmental concerns reported • Flood Zone: No • Road Access: Maintained by Lake County ADDITIONAL DETAILS • Impact Fee Credit: Lake County Impact Fee Credit available • Survey: Not recently completed • Annual Property Taxes: Paid and up to date • Clear Title: No liens or mortgages Price determined by market analysis of recent area sales and trends. LOCATION & AMENITIES • Public Transportation: Less than 0.5 miles away • Major Highways: Convenient access to 408, I-4, and the Turnpike • Groceries: • Walmart Supermarket: Nearby • Publix: Within a short drive • Nearby Developments: Opportunities for growth and investment in the area This lot is the perfect opportunity to build your dream property or expand your portfolio. With utilities in place, road access, and flexibility for development, it’s ready for your vision to come to life. Contact today to learn more or to schedule a site visit! Secure this lot today and make your next big move in Lake County! Construction to Perm loan options = Build your Dream Home! See this lot at BuildLakeCounty

11. 2024-12-30
    price $55,000 1874-char remark

    Show marketing remark (1874 chars)

    FOR SALE: PRIME BUILDABLE LOT IN UMATILLA, FLORIDA BUILD FLORIDA REAL ESTATE™ Attention Builders, Investors and Future Homeowners! NO HOA! Discover the perfect canvas for your next project! This . 28-acre lot at 38905 Pine St. , Umatilla, FL, offers a prime opportunity for builders, investors, and visionaries alike. Located in scenic Lake County, this residential-zoned (R-1) parcel is ideal for crafting your dream home or development project. PROPERTY HIGHLIGHTS • Location: 38905 Pine St. , Umatilla, FL • Total Acreage: 0.28 acres • Zoning: Residential (R-1) • Utilities Available: City water, septic, electricity, and gas • Topography: Flat and build-ready; no environmental concerns reported • Flood Zone: No • Road Access: Maintained by Lake County ADDITIONAL DETAILS • Impact Fee Credit: Lake County Impact Fee Credit available • Survey: Not recently completed • Annual Property Taxes: Paid and up to date • Clear Title: No liens or mortgages Price determined by market analysis of recent area sales and trends. LOCATION & AMENITIES • Public Transportation: Less than 0.5 miles away • Major Highways: Convenient access to 408, I-4, and the Turnpike • Groceries: • Walmart Supermarket: Nearby • Publix: Within a short drive • Nearby Developments: Opportunities for growth and investment in the area This lot is the perfect opportunity to build your dream property or expand your portfolio. With utilities in place, road access, and flexibility for development, it’s ready for your vision to come to life. Contact today to learn more or to schedule a site visit! Secure this lot today and make your next big move in Lake County! Construction to Perm loan options = Build your Dream Home! See this lot at BuildLakeCounty

12. 2024-11-20
    price $65,000 1874-char remark

    Show marketing remark (1874 chars)

    FOR SALE: PRIME BUILDABLE LOT IN UMATILLA, FLORIDA BUILD FLORIDA REAL ESTATE™ Attention Builders, Investors and Future Homeowners! NO HOA! Discover the perfect canvas for your next project! This . 28-acre lot at 38905 Pine St. , Umatilla, FL, offers a prime opportunity for builders, investors, and visionaries alike. Located in scenic Lake County, this residential-zoned (R-1) parcel is ideal for crafting your dream home or development project. PROPERTY HIGHLIGHTS • Location: 38905 Pine St. , Umatilla, FL • Total Acreage: 0.28 acres • Zoning: Residential (R-1) • Utilities Available: City water, septic, electricity, and gas • Topography: Flat and build-ready; no environmental concerns reported • Flood Zone: No • Road Access: Maintained by Lake County ADDITIONAL DETAILS • Impact Fee Credit: Lake County Impact Fee Credit available • Survey: Not recently completed • Annual Property Taxes: Paid and up to date • Clear Title: No liens or mortgages Price determined by market analysis of recent area sales and trends. LOCATION & AMENITIES • Public Transportation: Less than 0.5 miles away • Major Highways: Convenient access to 408, I-4, and the Turnpike • Groceries: • Walmart Supermarket: Nearby • Publix: Within a short drive • Nearby Developments: Opportunities for growth and investment in the area This lot is the perfect opportunity to build your dream property or expand your portfolio. With utilities in place, road access, and flexibility for development, it’s ready for your vision to come to life. Contact today to learn more or to schedule a site visit! Secure this lot today and make your next big move in Lake County! Construction to Perm loan options = Build your Dream Home! See this lot at BuildLakeCounty

13. 2024-11-01
    status Active 1874-char remark

    Show marketing remark (1874 chars)

    FOR SALE: PRIME BUILDABLE LOT IN UMATILLA, FLORIDA BUILD FLORIDA REAL ESTATE™ Attention Builders, Investors and Future Homeowners! NO HOA! Discover the perfect canvas for your next project! This . 28-acre lot at 38905 Pine St. , Umatilla, FL, offers a prime opportunity for builders, investors, and visionaries alike. Located in scenic Lake County, this residential-zoned (R-1) parcel is ideal for crafting your dream home or development project. PROPERTY HIGHLIGHTS • Location: 38905 Pine St. , Umatilla, FL • Total Acreage: 0.28 acres • Zoning: Residential (R-1) • Utilities Available: City water, septic, electricity, and gas • Topography: Flat and build-ready; no environmental concerns reported • Flood Zone: No • Road Access: Maintained by Lake County ADDITIONAL DETAILS • Impact Fee Credit: Lake County Impact Fee Credit available • Survey: Not recently completed • Annual Property Taxes: Paid and up to date • Clear Title: No liens or mortgages Price determined by market analysis of recent area sales and trends. LOCATION & AMENITIES • Public Transportation: Less than 0.5 miles away • Major Highways: Convenient access to 408, I-4, and the Turnpike • Groceries: • Walmart Supermarket: Nearby • Publix: Within a short drive • Nearby Developments: Opportunities for growth and investment in the area This lot is the perfect opportunity to build your dream property or expand your portfolio. With utilities in place, road access, and flexibility for development, it’s ready for your vision to come to life. Contact today to learn more or to schedule a site visit! Secure this lot today and make your next big move in Lake County! Construction to Perm loan options = Build your Dream Home! See this lot at BuildLakeCounty

14. 2024-11-01
    status Active 1874-char remark

    Show marketing remark (1874 chars)

    FOR SALE: PRIME BUILDABLE LOT IN UMATILLA, FLORIDA BUILD FLORIDA REAL ESTATE™ Attention Builders, Investors and Future Homeowners! NO HOA! Discover the perfect canvas for your next project! This . 28-acre lot at 38905 Pine St. , Umatilla, FL, offers a prime opportunity for builders, investors, and visionaries alike. Located in scenic Lake County, this residential-zoned (R-1) parcel is ideal for crafting your dream home or development project. PROPERTY HIGHLIGHTS • Location: 38905 Pine St. , Umatilla, FL • Total Acreage: 0.28 acres • Zoning: Residential (R-1) • Utilities Available: City water, septic, electricity, and gas • Topography: Flat and build-ready; no environmental concerns reported • Flood Zone: No • Road Access: Maintained by Lake County ADDITIONAL DETAILS • Impact Fee Credit: Lake County Impact Fee Credit available • Survey: Not recently completed • Annual Property Taxes: Paid and up to date • Clear Title: No liens or mortgages Price determined by market analysis of recent area sales and trends. LOCATION & AMENITIES • Public Transportation: Less than 0.5 miles away • Major Highways: Convenient access to 408, I-4, and the Turnpike • Groceries: • Walmart Supermarket: Nearby • Publix: Within a short drive • Nearby Developments: Opportunities for growth and investment in the area This lot is the perfect opportunity to build your dream property or expand your portfolio. With utilities in place, road access, and flexibility for development, it’s ready for your vision to come to life. Contact today to learn more or to schedule a site visit! Secure this lot today and make your next big move in Lake County! Construction to Perm loan options = Build your Dream Home! See this lot at BuildLakeCounty

15. 2024-10-06
    listed $75,000 Active 1874-char remark

    Show marketing remark (1874 chars)

    FOR SALE: PRIME BUILDABLE LOT IN UMATILLA, FLORIDA BUILD FLORIDA REAL ESTATE™ Attention Builders, Investors and Future Homeowners! NO HOA! Discover the perfect canvas for your next project! This . 28-acre lot at 38905 Pine St. , Umatilla, FL, offers a prime opportunity for builders, investors, and visionaries alike. Located in scenic Lake County, this residential-zoned (R-1) parcel is ideal for crafting your dream home or development project. PROPERTY HIGHLIGHTS • Location: 38905 Pine St. , Umatilla, FL • Total Acreage: 0.28 acres • Zoning: Residential (R-1) • Utilities Available: City water, septic, electricity, and gas • Topography: Flat and build-ready; no environmental concerns reported • Flood Zone: No • Road Access: Maintained by Lake County ADDITIONAL DETAILS • Impact Fee Credit: Lake County Impact Fee Credit available • Survey: Not recently completed • Annual Property Taxes: Paid and up to date • Clear Title: No liens or mortgages Price determined by market analysis of recent area sales and trends. LOCATION & AMENITIES • Public Transportation: Less than 0.5 miles away • Major Highways: Convenient access to 408, I-4, and the Turnpike • Groceries: • Walmart Supermarket: Nearby • Publix: Within a short drive • Nearby Developments: Opportunities for growth and investment in the area This lot is the perfect opportunity to build your dream property or expand your portfolio. With utilities in place, road access, and flexibility for development, it’s ready for your vision to come to life. Contact today to learn more or to schedule a site visit! Secure this lot today and make your next big move in Lake County! Construction to Perm loan options = Build your Dream Home! See this lot at BuildLakeCounty

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $872 · $73/mo
• Projected year-2 tax: $3,153 · $263/mo
• Expected delta: +$2,281/yr (+$190/mo · 261.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,401
• − Mortgage interest: −$21,280
• − Property taxes: −$872
• − Insurance: −$1,900
• − Repairs & maintenance: −$992
• − Management: −$992
• − Depreciation: −$11,052
• Taxable loss: −$24,687
• Est. tax savings @ 24.0%: +$5,925
• After-tax cash flow: $-10,957/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Lake
• NCES district ID: 1201050
• Math proficiency: 49% ▼ -7.00%
• Reading proficiency: 50% ▼ -4.00%
• Median HH income: $46,632
• Composite: 42.05/100
• National rank: #3327
• State rank: #37 of 73 in FL

Livability — Umatilla

• Score: 73/100
• State rank: #300
• US rank: #5132

Category grades

Amenities F Commute F Cost of living A+ Crime A+ Employment C- Housing A- Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 9,859

Population outlook (Lake County) Hauer SSP2

• Today (2025): 386,640 people
• By 2030: 417,107 · +7.9%
• By 2040: 476,676 · +23.3%
• By 2050: 531,296 · +37.4%
• By 2075: 648,303 · +67.7%
• By 2100: 698,530 · +80.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Hispanic / Latino 12% Two or more races 9% Black 2%
• Hispanic origin (detail): Mexican 10% Puerto Rican 1%
• Common ancestry: Portuguese 2% Slovak 2% Lithuanian 2%
• Foreign-born: 4% · Canada
• Languages at home: 91% English-only · Spanish 8% German/W. Germanic 1%

Political lean MEDSL · Lake

• 2024 margin: Strong R (+24.7) · D 37.3% · R 62.0%
• 2008→2024 swing: -11.2pp toward R · 2008: -13.5pp · 2024: -24.7pp
• All cycles: 2024: R+24.7 2020: R+20.0 2016: R+23.1 2012: R+17.1 2008: R+13.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -32.66%
• Current HPI: 352.4197
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+406.5% since first listed

15 events — show timeline

• 2026-05-15 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-13 Price Changed $379,900 Stellar MLS as Distributed by MLS Grid
• 2026-05-02 Price Changed $389,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-16 Listed $399,900 Stellar MLS as Distributed by MLS Grid
• 2025-09-03 Sold (MLS) $47,000 Stellar MLS as Distributed by MLS Grid
• 2025-08-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-08-09 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-08-08 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-06-23 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-01-27 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-12-30 Price Changed $55,000 Stellar MLS as Distributed by MLS Grid
• 2024-11-20 Price Changed $65,000 Stellar MLS as Distributed by MLS Grid
• 2024-11-01 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-11-01 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-10-06 Listed $75,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+7.8%/yr

Latest (2025): $872 · -3.7% YoY. Source: county tax records.