Property Attributes
- MLS#G5066833
- TypePending
- CountyLAKE
- CityMASCOTTE
- AreaMascotte
- Zip34753
- Style
- Taxes$ 3568
- Price$ 325,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size4.5 Acres
Data Source:
Stellar MLS
Property Description
Under contract-accepting backup offers. The Hibiscus Reserve project already has a Future Land Use designation for Planned Unit Development - Downtown Mixed Use (PUD-DM), which allows for a variety of uses and a density of 12 dwelling units per acre. With 4.5+ high and dry acres that could mean up to 54 units. This parcel is right off of SR-50, a major growth corridor, with the current 2-lane road expanding to a 4-lane that will run from I-75 east past Mascotte and Groveland. With SR-33 just a couple of miles up the road, Mascotte is ideally positioned for growth. Mascotte has seen 18.25% in population growth over the last few years with developments from national builders like Maronda Homes, KB Homes, Richmond America, and LGI Homes popping up all over town. With such a shortage of affordable housing options, small towns like Mascotte that are situated so close to larger town centers like Clermont, new housing developments are a welcome addition to the community. The property has already been cleared with easy access to SR-50 via Hibiscus Ave and Palmwood Ave. The only thing left is to entitle it and develop the property for a multifamily or mixed use project.
Price History | |
---|---|
3/24/2023 | Listed $360,000 |
5/22/2023 | 10% - $325,000 |
General Features
Sewer | None |
---|---|
Utilities | Electrical Nearby,Utility Pole,Water Nearby |
Tax Year | 2022 |
Current Use | Mixed Use |
Percent Ownership | Fee Simple |
County | Lake |
Property Type | Land |
HOA / Comm Assn | No |
Status | Pending |
Directions | From SR-50 traveling west from Groveland,turn right on Hibiscus Ave. When Hibiscus transitions to Lotus Path,you will see the property on the right side (north side) of Lotus Path. |
City | MASCOTTE |
Buyer Agent Compensation | 3% |
MLS Area | 34753 - Mascotte |
Lot Size Square Feet | 200000 |
Waterfront Y/N | No |
Street Name | Lotus Path |
Listing Terms | Cash |
Tax Annual Amount | 3568 |
Public Remarks | Under contract-accepting backup offers. The Hibiscus Reserve project already has a Future Land Use designation for Planned Unit Development - Downtown Mixed Use (PUD-DM),which allows for a variety of |
Days on Market | 165 |
Standard Status | Pending |
Legal Description | TBD prior to closing. |
Water Access Y/N | No |
Water View Y/N | No |
Interior Features
Living Area Units | Square Feet |
---|
Exterior Features
Fencing | Boundary Fencing |
---|---|
Lot Features | Buildable,City Lot,Level |
Water Source | None |
Lot Size Area | 4.5914 |
Lot Dimensions | 468 x 482 x 241 x 275 x 128 x |
Lot Size Acres | 4.5 |
Road Surface Type | Dirt,Gravel |
Lot Size Units | Acres |
Road Frontage Type | Access Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool