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$325,000
Est. payment /mo
4.5 Acres Lot
UPDATED:
07/05/2024 04:23 PM
Key Details
Property Type Vacant Land
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
MLS Listing ID G5066833
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Annual Tax Amount $3,568
Lot Size 4.500 Acres
Acres 4.5
Lot Dimensions 468 x 482 x 241 x 275 x 128 x
Property Description
Under contract-accepting backup offers. The Hibiscus Reserve project already has a Future Land Use designation for Planned Unit Development - Downtown Mixed Use (PUD-DM), which allows for a variety of uses and a density of 12 dwelling units per acre. With 4.5+ high and dry acres that could mean up to 54 units.
This parcel is right off of SR-50, a major growth corridor, with the current 2-lane road expanding to a 4-lane that will run from I-75 east past Mascotte and Groveland. With SR-33 just a couple of miles up the road, Mascotte is ideally positioned for growth.
Mascotte has seen 18.25% in population growth over the last few years with developments from national builders like Maronda Homes, KB Homes, Richmond America, and LGI Homes popping up all over town. With such a shortage of affordable housing options, small towns like Mascotte that are situated so close to larger town centers like Clermont, new housing developments are a welcome addition to the community.
The property has already been cleared with easy access to SR-50 via Hibiscus Ave and Palmwood Ave. The only thing left is to entitle it and develop the property for a multifamily or mixed use project.
This parcel is right off of SR-50, a major growth corridor, with the current 2-lane road expanding to a 4-lane that will run from I-75 east past Mascotte and Groveland. With SR-33 just a couple of miles up the road, Mascotte is ideally positioned for growth.
Mascotte has seen 18.25% in population growth over the last few years with developments from national builders like Maronda Homes, KB Homes, Richmond America, and LGI Homes popping up all over town. With such a shortage of affordable housing options, small towns like Mascotte that are situated so close to larger town centers like Clermont, new housing developments are a welcome addition to the community.
The property has already been cleared with easy access to SR-50 via Hibiscus Ave and Palmwood Ave. The only thing left is to entitle it and develop the property for a multifamily or mixed use project.
Location
State FL
County Lake
Exterior
Fence Boundary Fencing
Utilities Available Electrical Nearby, Utility Pole, Water Nearby
Building
Lot Description Buildable, City Limits, Level
Lot Size Range 2 to less than 5
Sewer None
Water None
Construction Status Inspections
Others
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
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Listed by KELLER WILLIAMS ELITE PARTNERS III REALTY