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2618 NW 25TH AVE Lake Panasoffkee, FL 33538
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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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Bought with PHOENIX REALTY SOUTHEAST, LLC