1270 GREENWOOD AVE Labelle, FL 33935

Indulge yourself with this beautiful single-family home in Port Labelle.. This beautiful 3 Bedroom 2 Bathroom home is nestled on a 10,454 Sqft lot. Spacious open rooms allow natural light to flow throughout the home. Open kitchen, equipped with stainless steel appliances, wood cabinets, a large island with large countertops are perfect for a new owner who enjoys cooking and entertaining.

This property is located in an Opportunity Zone Program. Investments are made in Opportunity Zones through U.S. Treasury Qualified Opportunity Zone Funds, which must invest over 90 percent of their assets in Qualified Opportunity Zone properties and businesses.

Qualified Opportunity Zone Funds attract investors through possible tax benefits. Tax benefits can accrue once unrealized capital gains from other investments are rolled into Qualified Opportunity Zone Funds. Benefits include the following:

Taxes are deferred on capital gains rolled into Qualified Opportunity Zone Funds and the original tax bill through December 31, 2026 or the sale of the Opportunity Zone investment, whichever is earlier;

Taxes are reduced on capital gains held in Qualified Opportunity Zone Funds for certain lengths of time; for investments held for 5-years, the cost basis for tax purposes is increased by 10% and for investments held for 7 years, the cost basis increases an additional 5%;

The rolled over capital gain appreciates tax-free if the investment in the Qualified Opportunity Zone Fund is held for 10 years or longer.