Waterfront
Address
1 East ROAD, SPRING HILL, FL
Price
$ 3,900,000
Property Attributes
  • MLS#U8247556
  • TypeCommercial
  • CountyPASCO
  • CitySPRING HILL
  • AreaSpring Hl-Brooksville-Shady Hls-WeekiWachee
  • Zip34610
  • StyleMulti Family
  • Year Built1982
  • Taxes$ 3755
  • Price$ 3,900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage9000
  • Lot Size96.27 Acres
Data Source:
Stellar MLS
Property Description

This prime development opportunity spans approximately 96 acres, priced at $3.9 million. It boasts future land use approved for one dwelling per acre and has already received county pre-approval for 85-90 homes. At 85 homes, each lot would cost around $45,882. The property is situated in a prime residential area surrounded by developed neighborhoods and ongoing residential projects, making it an attractive investment. One parcel fronts East Road, making it ideal for residential development. Additionally, the property features income-producing assets, including a parcel with three cottages, a spacious 5,000 +/- sqft single-family home, and a large 2,000 sqft barn. Another parcel includes not one but two 2,000 +/- sqft homes and a versatile 40x40 two story garage with three bay doors. Enhancing the property's appeal are two spring-fed lakes, adding scenic value and potential recreational opportunities for future residents. This expansive property offers a unique blend of pre- approved residential potential and existing income-producing structures. Situated in a thriving area with ongoing developments, it provides an exceptional opportunity to meet market demand for new homes. Imagine creating a vibrant new community where future residents can enjoy the tranquility of spring-fed lakes and the convenience of nearby amenities. This rare chance to develop 96 acres in a burgeoning area promises substantial returns. Act now to secure a premier development site and shape the future of this sought-after neighborhood. Contact today for more details and to schedule a viewing of this exceptional property!

Price History
6/21/2024 Listed $3,900,000

General Features

Cooling Central Air,Wall/Window Unit(s)
Construction Materials Block,Vinyl Siding,Wood Frame
Year Built 1982
Property SubType Multi Family
Tax Year 2023
Percent Ownership Other
Waterfront Features Pond
Additional Parcels Description 15-24-17-0000-00100-0000,15-24-17-0000-00200-0030,15-24-17-0000-00200-0020,15-24-17-0000-00200-0011
County Pasco
New Construction No
Property Type Commercial Sale
Other Structures Garage(s),Storage,Workshop
Status Active
Directions From denton road east,Take a right on east road,The property will be on your right hand side.
ModificationTimestamp 2024-06-22T02:01:37.363Z
City SPRING HILL
Buyer Agent Compensation 2%
View Y/N No
MLS Area 34610 - Spring Hl/Brooksville/Shady Hls/WeekiWachee
Lot Size Units Acres
Lot Size Square Feet 4000000
Waterfront Y/N Yes
Tax Annual Amount 3755
Additional Parcels Y/N Yes
Virtual Tour https://www.propertypanorama.com/instaview/stellar/U8247556
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot xx
Legal Description THE N1/2 OF SW1/4 OF NW1/4 OF SEC 15 RB 949 PG 441
Water View Pond
Water Access Type Pond
Water Access Y/N Yes
Water View Y/N Yes
Flood Zone Code X

Interior Features

Basement Full
Air Conditioning Y/N Yes
LivingAreaSource Owner

Exterior Features

Parking Features 13 to 18 Spaces
Lot Size Area 91.8274
Foundation Details Slab,Stilt/On Piling
Number of Buildings 9
Building Area Total 9000
Lot Size Acres 96.27
Road Surface Type Paved
Road Frontage Type County Road
Number of Lots 5

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 34610

Price
AVG $2.01M
$3.9M
Taxes
AVG $5,548
$3,755
Visits
AVG 82
14
Data Provided by Inside Real Estate®
Year Built
AVG 1979
1982

Areas We Cover