$19,500
Ml King Jr Drive
Madison, FL 32340
Listing updated: June 3, 2025 at 12:03 AM ET
Listing courtesy of Lokation · Milan Candela · MLS #TB8389203 · Active · 954-545-5583Property type
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Vacant corner lot for sale in the heart of Madison, FL. Lot size is 11,000sqft., zoned R2 for a Single Family Home or a Duplex! This lot sits right at the corner of MLK Jr. Drive and SW Smith. 1 mile South of main road with local stores, restaurants, and gas stations as well as easy access to I-10. Great opportunity to build your dream home or an investment property!
Local Insight
At $2 per square foot, you're getting raw land in Madison at a price point that's hard to ignore, but the real question is what you can actually do with it—that flood zone designation needs serious clarification before you commit, as it could severely limit building potential or require expensive mitigation. The quarter-acre parcel in an older subdivision without HOA is appealing for flexibility, but you'd want to verify utility access, road frontage, and whether the city has any plans that might affect this area before treating the low price as a bargain.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history13 days on market
- Status: ActiveMay 22, 2025
- Listed$19,500May 22, 2025
- Price increased$19,500
Facts & features
- Property type
- Land
- Status
- Active
- Days on market
- 13
- Subdivision
- Fraleigh-Smith Sub
- County
- Madison
- Price/sq ft
- $2
- Lot size
- 10,890 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- 120512
- Annual taxes
- $163 (2024)
- Parcel #
- 28-1N-09-3909-000-000
- Zoning
- RESI
- MLS #
- TB8389203
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HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Ownership
- Fee Simple
Exterior & Construction
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Electricity Available
Listing Details
- Listing date
- 2025-05-22
- On market date
- 2025-05-22
- Original list price
- $19,500
- MLS area
- 32340 - Madison
- Listing AOR
- Lakeland
- Status changed
- 2025-05-22
- Tax legal description
- Lot 7 and 8, Block 15, of Fraleigh-Smith Subdivision, a subdivision located in the SE 1/4 of Section 21 and the N 1/2 of the NE 1/4 of Section 28, Township 1 North, Range 9 East, Public Records of Madison County, FL
Flood risk
See FEMA for this zone’s designation and insurance requirements.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From I-10 West, follow I-10 W and FL-53 N to Brooklyn Street in Madison, Turn Right onto Brooklyn Street, Turn Right onto Martin Luther King Jr. Drive, the vacant lot will be on the left hand side at the corner of Martin Luther King Jr. Drive and SW Smith Street.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
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.
Based on information submitted to the MLS GRID as of June 3, 2025 at 12:03 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA