15401 CO RD 450, Umatilla, FL, 32784 | $465,000

School Impact Fees are paid in full! Current savings of approx $11, 000. Partial Credits towards other impact fees. 15401 County Road 450 is the perfect homesite for a new build. Water and power in place! Easy access with plenty of privacy, plus there's a 40x60 building, bathroom/laundry building, perimeter fencing, and RV connections. Of the 9. 46 total acres, 5. 86 acres are cleared 'high and dry' land with scattered mature Oaks, Pines, and Palmettos for shade and privacy. The northern 3. 60 acres of wooded land are part of a larger wooded wetlands shared with adjoining parcels. Photos are from Summer 2025 when we had a normally wet Spring and Summer, while wetlands are now mostly dry from the recent drought and lack of rainfall. This natural green space, which includes a tranquil pond with Lily Pads and wading birds during wetter months, offers excellent privacy at the rear of the property as it extends another 12 acres beyond the property line onto adjoining parcels. On the West end of the property sits a 40' x 60' red-iron metal building, accessible easily by a gate on LeGrande St that enters into a gravel parking area. Inside the front pedestrian door is a 12 x 15 insulated office with AC. The remainder of the building is unfinished clear-span construction with a concrete slab floor and a 200a electrical subpanel. 14' eaves, front & rear pedestrian doors, and three 10' tall roll up doors, all on a 6" concrete slab. Plenty of height for second floor working room down the central 2/3 of the building. Nearby the office and side roll up door is a small building with a full bathroom (including shower), plus a utility room with water heater and washer/dryer connections. Electrical service is run from the pole at the street frontage underground to the rear of the building. Meter and main shut-off panel on rear of building, 200a subpanel inside building, with an oversized underground cable to support running another 200a panel for a home from the same meter. The well was drilled new in 2015. Water is run from the well to the steel building, accessory bathroom building, and in a loop to several hose spigots scattered around the property. There's a gravel RV pad (approximately 12'x60') extending from gravel parking area, 50amp electrical, water, and septic connection for RV. Plans were submitted in 2016 to build a 2500sf home, impact fees paid, perc tests performed, but ultimately the house wasn't built and permits cancelled in 2017. School impact fees paid-in-full with 100% credit (Savings of approx. $11k!) Other impact fees for Fire, Libraries, etc have credits toward their costs. They were paid in full at the time of permitting but are only credited to today's costs on a dollar-for-dollar basis rather than paid-in-full like the School Impact credit. This land is set up perfectly to build your dream home with plenty of room for dry materials storage during construction in the 2400sf building. In addition to water and power already being in place, Lake county allows property owners to live in an RV on-site, as long as they have active permits to construct a home on-site. Park your RV with full hookups for an immediate home-base while building your dream home! Surrounding homes are of various sizes and designs, all on larger parcels. Convenient to Mt. Dora, Eustis, and The Villages. Schedule a tour today!

Features

  • Lot Size: 890 x 774
  • Lot Desc: Buildable, Cleared, Compact Soil, In County, Level, Pasture, Room For Pool, Rural, Unincorporated
  • View: Garden, Park/Greenbelt, Trees/Woods, Water
  • MLS#: R4909646
  • Days on Market: 262 days
  • Website: https://www.raveis.com
    /prop/R4909646/15401cord450_umatilla_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 4/13/2026 4:04:14 PM)
Listing courtesy of BACKBONE BROKERAGE LLC   Phone: 407-777-0806

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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15401 CO RD 450, Umatilla, FL, 32784

$465,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $372,000 $372,000 $372,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.990% 6.375% 5.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.403% 6.508% 5.668%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,228 $2,321 $3,015
Total Monthly Payment $2,303 $2,396 $3,090

* 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.