Lake Panasoffkee, FL 33538,2618 NW 25TH AVE
Lake Panasoffkee, FL 33538,2618 NW 25TH AVE
Lake Panasoffkee, FL 33538,2618 NW 25TH AVE
18
$775,000
$810,000
4.3%
Est.Price: ?

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28.9 Acres Lot

2618 NW 25TH AVE Lake Panasoffkee, FL 33538

Est. payment /mo
SOLD DATE : 09/24/2020

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Key Details

Sold Price $775,000

Property Type Vacant Land

Sub Type Residential

Listing Status Sold

Purchase Type For Sale

Subdivision Live Oak Terrace

MLS Listing ID T3216569

Sold Date 09/24/20

Construction Status Inspections

HOA Y/N No

Annual Tax Amount $1,927

Lot Size 28.900 Acres

Acres 28.9

Lot Dimensions 50x100

Property Description

HUGE PRICE DROP, $80,000 price reduction. Offered for sale is a fully developed subdivision for Single Family houses or Mobile Homes, all of the utilities are in place and underground. Sewer,Electric, Water, Cable and Internet are all in place. Development cost alone for a project of this size would cost over a million dollars plus the cost of the land. This development is within a 10 minute drive from The Villages. Zoning allows for single family homes or manufactured homes. Over 28 acres platted for 52 sites, no development needed, no rezoning, no construction plan approval, no site development to complete, as this was already done by the current owner. This land is ready for immediate construction of single family homes, or as a mobile home park. The private street was just repaved at $30,000 and 5 brand new manufactured homes (5X $50,000) which are included in the purchase price, have been set up and are ready to be sold or rented (they can also be removed if the buyer prefers to develop single family homes). The lots can be sold off individually or kept by the property owner for a lot rent mobile home park, notably if the buyer elects to sell lots individually, this can be easily done. Water meter fees have already been paid and all 52 lots have been stubbed out for electric, water, sewer, phone, cable, and internet. The property is steps away from Lake Panasoffkee and includes deeded access to the private boat ramp. This development is surrounded by pristine nature and wildlife. This is a great opportunity to create a community in a location surrounded by retirement communities an RV Parks.

Location

State FL

County Sumter

Community Live Oak Terrace

Zoning MIXED USE

Exterior

Fence Boundary Fencing

Utilities Available Cable Connected, Private, Underground Utilities, Water - Multiple Meters

Water Access 1

Water Access Desc Limited Access

Building

Lot Description Buildable, Cleared, Paved, Private, Wooded

Lot Size Range 20 to less than 50

Sewer Private Sewer

Water Public

Construction Status Inspections

Others

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Membership Fee Required None

Listing Terms Cash, Conventional

Special Listing Condition None

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Stellar MLS
Listed by FLAGSHIP REAL ESTATE SERVICES
Bought with PHOENIX REALTY SOUTHEAST, LLC

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Gemma Peterson

Broker/Owner | License ID: NMLS: 2295908 MLO:2121526

+1(407) 242-7758

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