263+- ac Entitled for 842 Res Units Weeki Wachee

Vacant Land for Sale
Catylist Listing ID: 30278717
Property Subtypes: Residential (Single Family)
Gross Land Area: 263 Acres
Sale Price: $4,000,000
Unit Price: $15,209 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/16/2018

Overview / Comments

This is an opportunity to develop 263 acres entitled for up to 842 residential units, in Weeki Wachee, Florida. Great access to Tampa/St. Petersburg and Tampa International Airport.

ENTITLEMENT/DEVELOPMENT STATUS
- This community received Board of County Commissioners approval for the updated Combined Planned Development Project (CPDP) (HC 15-25) zoning in November of 2015 and approval of the updated Comprehensive Land Use Plan Amendment (CPA) (16-2ESR) in October of 2016. The CPA was confirmed by the State of Florida DEO in November of 2016.
- The original construction drawings were approved in July of 2008 but have expired and will require reauthorization.
- SWFWMD permits have been obtained with an expiration date of July 15, 2020.
- Florida DEP Water and Sewer permits were obtained but expired in December of 2012 and will require reauthorization.
- A 404 permit from the Army Corps of Engineers was not required under current design layout.
- The northern and southern driveway obligations have been satisfied.
- All offsite road improvements were completed as part of the US 19 FDOT project in 2015-2016.
- Concurrency will be required to be reviewed and secured during the site development plan review process pursuant to CPDP conditions.
- CDD in operation with no debt.

DEVELOPMENT STANDARDS & SETBACKS
Minimum Lot Size: 40'x105'
Minimum Internal Setbacks: Front - 20', Side - 5', Rear - 15'
Minimum Residential Perimeter Setbacks - US Hwy 19 - 75', All Other Perimeter Setbacks - 20'

PARCEL ID'S - 01144915, 01144924, 01631023, 01631032

ZONING - Current zoning allows for 842 residential units.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hernando
Tax ID/APN: R13 422 17 0000 0020 0050

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 13,655 41,514
Median Age: 50.26 49.55
Households: 5,834 17,453

Contact

Photograph of Listing Agent

William A. Eshenbaugh

Eshenbaugh Land Company FGCAR CIE Member
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