Lutz Executive Golf Course - Potential for Housing Redevelopment

Vacant Land for Sale
Sale Pending/Contingent
Also listed as Special Purpose
Catylist Listing ID: 30152079
Property Subtypes: Residential (Single Family)
Status: Pending/Contingent
Gross Land Area: 32.54 Acres
Sale Price: $1,750,000
Unit Price: $53,779 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/8/2017

Overview / Comments

This property was developed in 2002 as a nine-hole, par-three golf course, with lighted driving range, clubhouse and ancillary practice facilities.
As this area has matured, the highest and best use is now probably as a site for development of a gated, lakefront residential community.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Taxing Authority: Hillsborough County
Tax ID/APN: U-05-27-19-ZZZ-000001-12690.1
Zoning: ASC-1
Legal Description: SW 1/4 OF NW 1/4 OF SEC 5 TWN 27 S RGE 19 E LYING NLY OF NEWBERGER RD LESS AND EXCEPT RD R/W FOR LIVINGSTON AVE.
Highway Access: I-75 & I-275 are 3 minutes away.
Airports: Tampa International Airport - 31 minutes away
Area Description: Located 3 minutes west of the I-275 / I-75 interchange in NW Hillsborough County. This is a convenient location with easy access to many community amenities. This lakefront property abuts gated residential neighborhoods on either side.
Zoning Description: Current use as golf course with driving range, clubhouse and practice facilities is fully permitted and can continue. Zoning will support redevelopment as a gated residential community with 1 home per acre.
Topography: Gently Sloping
Water Service: Well
Sewer Type: Septic

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,376 33,448 118,093
Median Age: 40.93 40.58 38.48
Households: 2,273 12,241 44,892

Contact

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