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Mascotte,FL 34753
Key Details
Property Type Vacant Land
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
MLS Listing ID G5066833
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Annual Tax Amount $3,568
Lot Size 4.500 Acres
Acres 4.5
Lot Dimensions 468 x 482 x 241 x 275 x 128 x
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.
Location
State FL
County Lake
Exterior
Fence Boundary Fencing
Utilities Available Electrical Nearby,Utility Pole,Water Nearby
Waterfront false
Building
Lot Description Buildable,City Limits,Level
Lot Size Range 2 to less than 5
Sewer None
Water None
Construction Status Inspections
Others
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None