I just bought a block of land in Port Charlotte! Wow - this will be a gift to my daughter, if it turns out nicely in 10 years - 21st birthday - hopefully it will be worth a few extra dollars then.
Here's what I checked for: utilities, established area, schools, shopping, medical, low crime rate, access to larger centres, roads, airports, etc.
This block has no HOA/POA fees, so we can sit on it for a long time, without it hitting our pocket.