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… Read More 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. Read Less
Courtesy of KELLER WILLIAMS ELITE PARTNERS III REALTY 321-527-5111
Listing Snapshot
Days Online
578
Last Updated
Property Type
Land
Lot Size
4.59 Acres
MLS Number
G5066833
30 Days Snapshot Of 34753
$
-3%
(avg) sold price
5
-66%
homes sold
50
-19%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Future Land Use: PUD-DM, Lot Size Square Meters: 18581, Total Acreage: 2 to less than 5, Features: "Buildable", "City Limits", "Level", 4.5 acres, 200000 square feet, Dimensions: 468 x 482 x 241 x 275 x 128 x
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