15 ac for Apts/Senior Housing @ The Villages

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30634722
Property Subtypes: Agricultural, Multi-Family
Status: Pending
Gross Land Area: 15 Acres
Sale Price: $3,000,000
Unit Price: $200,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/28/2020

Overview / Comments

PROPERTY DESCRIPTION - This 15 acre parcel is contiguous to The Villages is ready to be annexed into the city of Wildwood and developed. The site is cleared and actively being used as pasture land. It is well located in one of Americas fastest growing golfing communities, with all utilities to the site. The site would be ideal for apartments, rental housing, senior housing or neighborhood commercial uses. The city of Wildwood has indicated density of up to 24 units per acre is achievable with annexation. Water and sewer are to the property.

LOCATION DESCRIPTION - The property is located at 2072 CR 501, Wildwood, FL 34785. It is on the west side of CR 501, south of Warm Springs Avenue and west of the Florida Turnpike in the center of "The Villages" new 85,000 home “Age Restricted” expansion that is well under way. The parcel is currently surrounded by occupied homes and golf courses, with new retail under construction.

PROPERTY SIZE - 15.0 Acres

ZONING - AGR

Additional Details

Nearest MSA: The Villages
County: Sumter
Tax ID/APN: G33-025

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 10,269 21,045
Median Age: 46.62 48.61
Households: 1,964 6,504

Contact

Photograph of Listing Agent

William A. Eshenbaugh

Eshenbaugh Land Company CE-FL Member
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