1 EAST RD Pending Save Request In-Person Tour Request Virtual Tour
Spring Hill,FL 34610
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 9,000 sqft
Price per Sqft $433
MLS Listing ID U8247556
Year Built 1982
Annual Tax Amount $3,755
Lot Size 96.270 Acres
Property Description
Under contract-accepting backup offers. This prime development opportunity spans approximately 96 acres,
priced at $3.9 million. It boasts future land use approved for one
dwelling per acre and has already received county pre-approval for
85-90 homes. At 85 homes, each lot would cost around $45,882. The
property is situated in a prime residential area surrounded by
developed neighborhoods and ongoing residential projects, making
it an attractive investment. One parcel fronts East Road, making it
ideal for residential development. Additionally, the property features
income-producing assets, including a parcel with three cottages, a
spacious 5,000 +/- sqft single-family home, and a large 2,000 sqft
barn. Another parcel includes not one but two 2,000 +/- sqft homes
and a versatile 40x40 two story garage with three bay doors.
Enhancing the property's appeal are two spring-fed lakes, adding
scenic value and potential recreational opportunities for future
residents. This expansive property offers a unique blend of pre-
approved residential potential and existing income-producing
structures. Situated in a thriving area with ongoing developments, it
provides an exceptional opportunity to meet market demand for new
homes. Imagine creating a vibrant new community where future
residents can enjoy the tranquility of spring-fed lakes and the
convenience of nearby amenities. This rare chance to develop 96
acres in a burgeoning area promises substantial returns. Act now to
secure a premier development site and shape the future of this
sought-after neighborhood. Contact today for more details and to
schedule a viewing of this exceptional property!
Location
State FL
County Pasco
Interior
Cooling Central Air,Wall/Window Unit(s)
Exterior
Parking Features Parking Spaces - 13 to 18
Waterfront Description Pond
View Y/N Yes
Water Access Yes
Building
Foundation Slab,Stilt/On Piling
Structure Type Block,Vinyl Siding,Wood Frame
New Construction false
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None