#311803, Listing office: Paradise Real Estate International LLC
Property details
About 2250 Covington Rd
Prime 15± Acre Hard Corner Multi-Family Development Site – Sebring, FL 275± Units | Only $7,091 Per Unit – Priced for Immediate Sale! Don’t miss this rare opportunity to secure a premier development site in one of Sebring’s most strategic, high-growth locations. Positioned directly on a hard corner with over 300 feet of frontage on Sebring Parkway, this property offers unmatched visibility and access for a state-of-the-art multi-family community or mixed-use development. Plus 1000+Ft on Scenic Hwy facing the New Budweiser Showplace Facility adding a special element to this superb location. Just 1.5± miles from Sebring’s Walmart and surrounded by national retailers including Chick-fil-A, WaWa (4 locations), Chipotle, and Rural King—with more on the way—this site sits in the highest-traffic retail corridor in the region. Investors and developers alike are recognizing Sebring's impressive growth potential, and this is your chance to join them. With zoning that supports approximately 275 units, the land is priced at only $7,091 per unit—an exceptional value for this location. Act now to take advantage of Sebring’s ongoing transformation, fueled by Florida’s new wave of industrial expansion. Major players like Amazon are already establishing a presence, further increasing future demand for housing and retail services. Future upside: As DOT expands the surrounding Highways to accommodate the eminent growth, consider rezoning the hard corner for high-value commercial uses such as a convenience store (WaWa-type $1M+/acre user) or professional services like an eye care center—while developing the remaining parcel through a joint venture with an established multi-family builder. Multiple Comps are available upon request like the 300 unit parcel on the other side of Budweiser recently listing and SOLD by our firm plus see aerials of surrounding New Communities presently being developed: Stone Ridge, Watersedge Resort, Rocklyn Townhomes, etc. Whether you're a seasoned developer or a savvy investor seeking exceptional returns, this 15± acre flagship parcel offers the ideal foundation for a dynamic and profitable project. Opportunities like this don’t wait. Stake your claim in Sebring’s future—before someone else does.
Highlights
Virtual tour
Summary
- List Price: $1,950,000
- Annual Tax Amount: $8,386
- Tax Year: 2023
- Lot: City Lot, Cleared
- Directions: From 743 US Hwy 27 S, Head North on Hwy 27, Turn right onto Sebring Parkway, Property is on left adjacent to Budweiser.
- Lot Size: 14.7 Acres
- MLS Number: 314891
- MLS Name: HeartlandFL
- Office Name: ADVANTAGE REALTY #1
- Office Phone: (863) 386-0303
- Office Email: gregadvantagerealty@gmail.com
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Last updated on: 6/24/2025, 3:45:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,950,000
2250 Covington Rd
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Price information
Property sales
Date | Event | Price |
---|---|---|
Oct 12, 2021 | Home Sold | $725,000 |
Jun 11, 2015 | Home Sold | $215,000 |
Jul 07, 2005 | Home Sold | $500,000 |
Jul 17, 2001 | Home Sold | $17,900 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $422,400 | $8,386 |
2022 | $422,400 | $8,336 |
2021 | $422,400 | $8,336 |
2019 | $211,200 | $4,287 |
2017 | $211,200 | $4,381 |
History based on county public records data.
Nearby schools
6
Woodlawn Elementary School
Public District PK-5
2.1 mi
•817 Woodlawn Dr
3
Memorial Elementary School
Public District PK-5
2.5 mi
•867 Memorial Dr
6
Sun'N Lake Elementary School
Public District PK-5
2.6 mi
•4515 Ponce De Leon Blvd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $57,726. Typical income of Sebring, FL residents is between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
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Frequently asked questions
About 2250 Covington Rd
The listing price of 2250 Covington Rd property is $1,950,000.
The property 2250 Covington Rd is land located in Sebring, Florida, 33870.
Active Listing: 2250 Covington Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2250 Covington Rd are: Woodlawn Elementary School (GreatSchools Rating 6/10), Memorial Elementary School (GreatSchools Rating 3/10), Sun'N Lake Elementary School (GreatSchools Rating 6/10), Hill Gustat Middle School (GreatSchools Rating 5/10), Sebring Middle School (GreatSchools Rating 5/10), Avon Park Middle School (GreatSchools Rating 4/10), Sebring High School (GreatSchools Rating 3/10), Highlands Virtual School (GreatSchools Rating 3/10), The Academy at Youth Care Lane (GreatSchools Rating 1/10).
According to the records, the last property tax for 2023 is $8,386 (source: MLS/based on county public records data).
The last sale was on October 12, 2021 for $725,000 (source: MLS/tax record).
The property 2250 Covington Rd is 14.7 acres.
This home is located at 2250 Covington Rd in Sebring, FL and zip code 33870. Features: 0 bathroom. It has been listed on Rocket Homes since May 3, 2025 and is currently priced at $1,950,000.
While more than 7 listings in Sebring, FL in May 2025 were sold above asking price, there were more than 26 listings sold at asking price, and more than 82 were sold below. In May 2025 in Sebring, FL there were 5.5% more homes for sale than in April. In May 2025 median list price was $270,027 and the average listing age was 85 days.