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Presented by
Jijo John |
Welcome to a developer's paradise, where the canvas of opportunity unfolds on a sprawling 10-acre plot in the heart of the flourishing Connected City of Wesley Chapel. This prime real estate isn't just land; it's a golden ticket to unlock the potential of townhouse/mixed use project excellence. The stage is set – the spotlight is on you! Potentially we can assemble 65 acres for a larger SFR/townhome/mixed use development.
Strategically positioned near Epperson Ranch, Mirada, and Watergrass, this gem is a strategic cornerstone for visionary developers. The imminent development of King Lake across the street, featuring a fusion of 525 homes and over 100, 000 sq. ft. of offices, sets the stage for a lucrative venture. Your project here isn't just a development; it's a strategic investment in the heartbeat of progress.
Connectivity is key, and this location boasts easy access to the Interstate 75 ramp at Overpass Road, laying the groundwork for a seamless lifestyle for future townhouse residents. The nearby county recreation center adds a touch of recreational charm, enhancing the overall appeal of your future project. Less than a mile from the new, 56-bed Johns Hopkins All Children's hospital that broke ground and is expected to open in 2027.
The home is going to be demolished for a cell phone tower near the entrance, across from the planned intersection on Kenton Road. The versatile pole barn on the property is a blank canvas, ready to be reimagined as a communal space, storage facility, or any other amenity that adds value to your townhouse project. With the freedom to sculpt this space to your specifications, the potential is boundless.
The standout feature lies in the incredible potential for rezoning for a SFR/townhome/mixed use project. This isn't just a parcel of land; it's a strategic move that aligns with the vision of forward-thinking developers. The investment potential is unparalleled, making this opportunity a cornerstone for success in the townhouse development arena.
Approximately 4. 23 acres are uplands, providing a secure foundation for your project. The imminent widening and paving of the road down to Elam Road by other area developers with Pasco County adding new water lines, waste water and reclaimed water, enhances accessibility, a crucial factor in the success of any townhouse project.
In conclusion, this isn't just a property; it's a canvas awaiting the masterful strokes of a townhouse developer. The Connected City deploys innovation in every aspect of the community through technology like ULTRAFi gigabit internet and beckons to add this opportunity to shape its future. Welcome to a realm where every detail is a brushstroke in the masterpiece of your next successful townhouse project. The stage is set – the spotlight is on you! 65 acres are potentially available for a larger townhome/mixed use development. Survey and wetland engineer map available for the parcels. Buyers/Buyers agents are not to rely upon any usable or density estimates from listing agent or seller-utilize your own land consultant and/or engineer.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,500,000
Licensed Real Estate Salesperson
William Raveis Real Estate
Phone: 914.572.5752
Jijo.John@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.494.1459
Vincent.DiMella@raveis.com
NMLS Mortgage Loan Originator ID 24240
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $1,200,000 | $1,200,000 | $1,200,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.375% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.411% | 6.487% | 6.309% |
| Monthly Tax Payment | $371 | $371 | $371 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,291 | $7,486 | $10,208 |
| Total Monthly Payment | $7,787 | $7,982 | $10,704 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.