Ideal Homosassa Development Land

Vacant Land for Sale
Catylist Listing ID: 30739206
Property Subtypes: Multi-Family
Gross Land Area: 19.83 Acres
Sale Price: $299,000
Unit Price: $15,078 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 7/28/2021

Overview / Comments

Surrounded by some of Citrus County's most beautiful natural landmarks are 20 acres of Medium Density Residential property! In less than a 10-Mile radius, this parcel has everything from Homosassa Springs, Crystal River's Kings Bay, Sugarmill Woods Community, and a number of national retailers who serve the surrounding community. Medium Density Residential zoning allows for (4) single-family dwellings per acre. With this in mind, this lot could hold a maximum of 80 dwellings! Once the Suncoast Parkway extension is completed in the beginning of next year, this Homosassa land will gain ultimate foot traffic being that it is 5 miles away from the $135 million toll road. Citrus County is the 3rd highest ranked municipality in terms of vacant land. Here is the coveted opportunity to develop in an area that is about to drastically expand!

Additional Details

Nearest MSA: Homosassa Springs
County: Citrus
Taxing Authority: Citrus County Tax Collector
Tax ID/APN: 17E19S35 4B0C0 0070
Zoning: MEDIUM DENSITY RESIDENTIAL
Property Visibility: Good
Legal Description: GULF HWY LAND UNIT 10 UNREC SUB LOTS 7C & 12E & ACCESS RD FURTHER DESC IN OR BK 229 PG 734 & OR BK 863 PG 2015 EXC: SUFFOLK MEADOWS UNIT 1 1987 EXC OU
Largest Nearby Street: US HWY 19
Feet of Frontage: 1,498
Traffic/Vehicle Count: 35,000
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,413 12,300 24,017
Median Age: 54 52.55 53.6
Households: 672 5,606 10,881

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