1 EAST RD Pending

Spring Hill,FL 34610

$ 3900000

- Bed

0 Bath

9000 SqFt


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

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