227.43+- ac for 558 Res Units in Lake County

Vacant Land for Sale
Catylist Listing ID: 30266224
Property Subtypes: Residential (Single Family)
Gross Land Area: 227.43 Acres
Sale Price: $9,750,000
Unit Price: $42,870 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/24/2018

Overview / Comments

PROPERTY DESCRIPTION This is an available 227.43 acres located with frontage on Lake Harris. The site has significant elevation changes and 1,600+/- linear feet of waterfront. The location is close to a Publix grocery located 1.4 miles away. Builders DR Horton and LGI Homes are active in communities that are almost adjacent to The Peninsula on Lake Harris. According to the property owners, the property has approximately 35 acres of wetlands with the remainder upland/usable. A wetland delineation has not been completed. Zoning and FLU allow for a density of 3 UPA. According to the property owner the site is entitled for 558 dwelling units

LOCATION DESCRIPTION The Peninsula on Lake Harris is located in Tavares, Fl southwest of downtown and on Lake Harris, a very significant and beautiful body of water. Access to the property is FL 19 south to Woodlea Road and west into the property. Access to the Orlando MSA is via SR 414 to the north side of Altamonte Springs, Casselberry, and Winter Park. SR 50 runs into downtown Orlando. The Florida Turnpike is nearby for commuters to the area south of Orlando including Kissimmee and the Disney and Universal entertainment district. Access to the property is facilitated via Woodlea Road or Lane Park Road off of Florida Highway 19.

MUNICIPALITY Tavares

PROPERTY SIZE 227.43 Acres ZONING Residential RSF-A (permits 3 dwelling units per acre)

FUTURE LAND USE Residential single family development; FLU Subdivision Suburban 3 DU/Acre (558 Units)

PARCEL ID 35-19-25-000100000100, 36-19-25-000300002401, 35-19-25-000200000200, 35-19-25-010000000100, 36-19-25-000200002100, 35-19-25-010000001000, 35-19-25-000400000600

Additional Details

Nearest MSA: Orlando-Kissimmee-Sanford
County: Lake
Tax ID/APN: 351925010000000100

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,151 15,694 40,561
Median Age: 42.77 47.84 52.54
Households: 458 6,703 18,249

Contact

Photograph of Listing Agent

William A. Eshenbaugh

Eshenbaugh Land Company FGCAR CIE Member
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