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LOTUS PATH

Lots/Land Active With Contract
$325,000

BTC: 3.62805210

ETH: 98.48484848

-$35K (2023/05/22)
165 days
0 room(s)
Est. Estimated sales range: $0 - $0
$0

Overview

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.

Location

Facts and features

Type:
Land
Parking:
No Data
Year Built:
No Data
Lot:
4.50 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data
All facts and features
  • Lot

    • Lot: 4.50 Acres

    Other Property Information

    • Parcel Number: 102224020000000500

  • Type and style

    • Property Type: Land

  • Utility

    • Electrical Nearby

    • Utility Pole

    • Water Nearby

  • Other financial information

    • Annual tax amount: $3,568

  • Source details

    • MLS ID: G5066833

    Other facts

    • Lot Features: Buildable / City Lot / Level

    • Water Source: None

    • Lot Size Dimensions: 468 x 482 x 241 x 275 x 128 x

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: KELLER WILLIAMS ELITE PARTNERS III REALTY