Price Reduced 9.72%
Price History
$360,000
3/24/2023
$325,000
5/22/2023
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
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Listing courtesy of KELLER WILLIAMS ELITE PARTNERS III REALTY Phone: 321-527-5111