494 Planned Lots Plus Hernando Oaks Golf Course

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 29728350
Property Subtypes: Residential (Single Family)
Status: Pending
Gross Land Area: 150 Acres
Sale Price: $4,470,000
Unit Price: $29,800 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/12/2022

Overview / Comments

PROPERTY DESCRIPTION - Hernando Oaks is a gated community planned for 949 single family residential lots and 20 acres of commercial property 324 lots have been sold to six builders. The current offering is for Phase 3. The undeveloped property, platted and approved for an additional 433 single family lots, 61 multi-family units in the Village Center, and an 18-hole golf course is available for purchase and is outlined in this offering. Based on the 2015 budget, assessment for single family homes/lots is $416 per quarter. This listing has a Dual Variable Commission rate.

LOCATION DESCRIPTION - Hernando Oaks is located on U.S. Highway 41, just north of Powell Road in Brooksville, FL. The community is on the west side of U.S. Highway 41. Phase 3 lots are located in the north western portion of the community just past the roundabout. North of Hernando Oaks, a new extension of Suncoast Parkway from US 98 to SR 44 (see map) is currently underway and is expected to be completed in 2022.

MUNICIPALITY - Brooksville

PROPERTY SIZE - 433 undeveloped single family lots, 61 multi-family units, and 18 hole Golf Course


FUTURE LAND USE - Residential development, 494 Planned Residential Units

PARCEL ID - R08 223 19 2434 0000 000Q


PRICE - 494 Planned Lots at $5,000 each = $2,470,000
18 Hole Golf Course and Club Facilities = $2,000,000

Available in a combined package = $4,470,000

This listing has a variable rate commission.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hernando
Tax ID/APN: R08 223 19 2434 0000 000Q
Property Located Between: US 41 and Powell Road
Property Visibility: Good
Largest Nearby Street: US 41, Suncoast Parkway
Highway Access: Lighted intersection, short distance to Suncoast Parkway
Part of Planned Development?: Yes
Development Name: Hernando Oaks
Topography: Rolling
Easements: Pipelines, Electric Lines, Ingress/Egress, Water Rights, Utilities, Preservation, Environmental
Available Utilities: Electric, Water, Sewer, Storm Drain, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,231 14,294 49,524
Median Age: 50.53 45.93 45
Households: 500 5,636 19,768


Photograph of Listing Agent

William A. Eshenbaugh

Eshenbaugh Land Company CE-FL Member
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