38020 CHERRY LAKE ROAD, FRUITLAND PARK, FL, 34731
Active150 days on marketListed Mar 9, 2026MLS #G5109157
About this home
38020 CHERRY LAKE ROAD
THIS IS THE PERFECT PLACE FOR AN RV STORAGE OR SELF STORAGE DEVELOPMENT DIRECTLY ADJACENT TO THE VILLAGES MASSIVE RETIREMENT COMMUNITY AND THE HAMMOCK OAKS DEVELOPMENT ON 466 AND CHERRY LAKE ROAD WHERE THE NEIGHBORHOOD WAL MART IS BEING BUILT. PRIME FOR DEVELOMENT AT A GREAT PRICE PER ACRE. This 10-acre parcel of vacant land represents a prime opportunity for development, offering an exceptional price per acre. Situated in a promising area poised for growth, this expansive property provides the perfect canvas for a variety of development possibilities. Whether you're envisioning a residential community, commercial enterprise, or a mixed-use project, the spaciousness and strategic location of this land can accommodate your plans. Additionally, the favorable price point enhances the investment potential, making it an attractive option for developers looking to capitalize on emerging market trends. With the right vision and planning, this land could transform into a thriving development, offering long-term value and success. Market Context & Rent Assumptions • Average rent per unit in Fruitland Park is around $120/month, across a mix of sizes and climate-controlled options . • Climate-controlled units average about $136/month, while non-climate looks closer to $130/month . • Specialty vehicle/RV/boat storage units average $95–$99/month . Facility Specs & Revenue Scenarios Rentable Area Potential A comparable market asset in Fruitland Park spans ~60,880 rentable sqft on 10 acres, depending on layout and building coverage, a similar size is feasible. Unit Mix Example Non climate units: 45,000 sqft Climate controlled units: 10,00 0sqft Vehicle/RV/boat storage: 5,000 sq ft Monthly Gross Income Estimate Non climate units: 45,000?sq?ft × ($130 / tenant? better convert by unit) Let’s approximate units: an average unit 100 sqft 450 units × $130 = $58,500/month Climate controlled: 100 units × $136 = $13,600/month Vehicle/RV/boat spots (50 spots) × $95 = $4,750/month Total estimated monthly gross $76,850 Annual gross revenue ˜ $922,200 Revenue Ranges Depending on density and enhancements:
Facts & features
The home at a glance
9.81 ac
Lot size
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$4,643 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$4,643/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Where it sits
Inside Fruitland Park
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Fruitland Park. See the full Fruitland Park guide →
FRUITLAND PARK 34731 — neighborhood snapshot
Population
12,239
Median age
48.7
Median income
$63,329
Median home value
$185,900
Avg household
2.4
Households w/ children
978
For the school run
Lake County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Fruitland Park market
$345K → $289K
Fruitland Park median sold, yr/yr
97.0%
Sale-to-list ratio (12 mo)
Median sold price, Fruitland Park, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 133% above the FRUITLAND PARK 34731 median. See the full Fruitland Park market guide →
Paper trail
This home's history
Reality check
What actually sold near 38020 CHERRY LAKE ROAD
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jun ’26$270,000
442 PACE LANE
2 bd · 2 ba · 1,100 sqft · $245/sqft · 196 DOM
Sold · Feb ’26$310,000
2082 HARSTON TRAIL
2 bd · 2 ba · 1,187 sqft · $261/sqft · 6 DOM
Sold · Apr ’26$321,500
585 LACY PLACE
2 bd · 2 ba · 1,196 sqft · $269/sqft · 19 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 38020 CHERRY LAKE ROAD — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 38020 CHERRY LAKE ROAD — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
38020 CHERRY LAKE ROAD FAQs
What would the monthly payment be for 38020 CHERRY LAKE ROAD?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $4,643/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 38020 CHERRY LAKE ROAD?+
The most recent tax bill on record (2025) was $5,323. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Fruitland Park?+
At $699,900, this home is listed about 105% above the Fruitland Park median of $341,950. The market section on this page shows how the area is trending.
Which schools are assigned to 38020 CHERRY LAKE ROAD?+
Fruitland Park Elementary School (elementary), Carver Middle School (middle), Leesburg High School (high) — Lake County School District. Always verify school assignments with the district before relying on them.
Keep looking
Similar homes nearby
Listing courtesy of BLACK TIE REALTY, INC. · Mark Dyer. MLS #G5109157.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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