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2380 SHEPHERD AVENUE, St. Cloud, FL, 34771 | $530,000
Rare opportunity to own 6. 25 acres in the rapidly growing Narcoossee Corridor of St. Cloud. This property has access from 2 roads Shepherd ave, and Carson street (via county easement). This lot includes a 3 bedroom, 2 bath manufactured home built in 1984, that has been kept in great shape, ideal for rental income or use during construction of a custom home, save on impact fees and know all your utilities are on site. 400 ft deep well. There is also a metal barn, sold AS-IS and with land only value. Currently zoned AC in the Eastern portion on the land and R-2 on the West 2 acre lot, the property holds a Future Land Use designation of Low Density Residential, and the county has suggested rezoning to Urban Fringe. Located just minutes from Lake Nona’s Medical City/Laureate Park and surrounded by new growth, very little large private lots lefts. Comparable Sales:
Recent nearby sales highlight the upside once land is optimized or developed:
5050 Moore Street – Sold for $1, 400, 000 Sold as vacant land value (2024)
Underwood Ave (mitigated wetlands) – Sold for $1, 675, 000 (2025)
5237 Moore Street – Sold as vacant land value for $1, 185, 000 (Nov 2025)
5200 Carson St, St. Cloud – Previously part of this subject parent parcel 2 acres (approx. half uplands / half wetlands)
3, 700 sq ft custom home Sold for $1, 212, 000 (June 2025) (This directly supports the feasibility of developing a high-value custom estate even with partial wetlands)
Situated in a million-dollar-plus homesite area
Backs to and has walking access via county easement from Carson street to a luxury subdivision with current listings ranging approximately $1. 9M to $3. 4M
Strong demand for large estate lots and custom homes in this immediate area due to proximity with Lake Nona and Sunbridge and there being few options for luxury states on large private lots.
Why buy a 0 lot property in Lake Nona when you can have your own private oasis in the middle of the city?. This lot offers a strong foundation for long-term investment. **Since financing land is a little more difficult, owner financing is available**.
Features
- Rooms: 3
- Bedrooms: 3
- Baths: 2 full
- Laundry: Laundry Room
- Year Built: 1984
- Heating: Central, Wall Units / Window Unit
- Cooling: Central Air
- Approx Sq. Feet: 1,152
- Acreage: 6.25
- Est. Taxes: $790
- Elem. School: Narcoossee Elementary
- Middle School: Narcoossee Middle
- High School: Tohopekaliga High School
- Appliances: Microwave, Range, Refrigerator
- MLS#: O6329885
- Days on Market: 283 days
- Website: https://www.raveis.com
/prop/O6329885/2380shepherdavenue_stcloud_fl?source=qrflyer
Listing courtesy of I HOMES REAL ESTATE Phone: 407-489-9324
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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- Provides a guaranteed closing date that meets your needs
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Pedro DelgadilloInsurance Sales Director, William Raveis Insurance
305.922.5393
Pedro.Delgadillo@raveis.com
Our Insurance Division:
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
2380 SHEPHERD AVENUE, St. Cloud, FL, 34771
$530,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $424,000 | $424,000 | $424,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.625% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.609% | 6.776% | 6.078% |
| Monthly Tax Payment | $66 | $66 | $66 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,611 | $2,715 | $3,549 |
| Total Monthly Payment | $2,769 | $2,873 | $3,707 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388