Price Reduced 9.72%

$325,000

Pending

Est. Mortgage $1,728/mo *

Quick Pre-Approval

Price History

$360,000
3/24/2023

$325,000
5/22/2023


Lotus Path, Mascotte, FL, 34753

Lotus Path, Mascotte, FL, 34753

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.


Status:

Pending

Type:

Lot / Acreage

Lot Size:

468 x 482 x 241 x 275 x 128 x

Acreage:

4.5

Est. Taxes:

$3,568

Current Use

Mixed Use

Permitted Use

Mixed Use

Utilities

Electrical Nearby, Utility Pole, Water Nearby

Lot Description:

Buildable, City Lot, Level

Days on Market:

165

MLS #:

G5066833


Community Info

School Info

Walk Score

Yelp



Listing courtesy of KELLER WILLIAMS ELITE PARTNERS III REALTY Phone: 321-527-5111