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31501 REED ROAD! One of the last massive pieces of pristine, untouched vacant land in all of Pasco County. This unbelievably rare, quiet and perhaps unearthly piece of property is now on the market for purchase. Three parcels (Parcel # 1: 15-24-20-0000-00100-0093, Parcel # 2: 15-24-20-0000-00100-0094 and Parcel # 3: 15-24-20-0000-00100-0170) combine for a total of 107 acres. This land features rolling hills, open pastures, deep woods, and spring-fed seasonal creeks, in addition to having one of the highest elevations in all of Central Florida. Situated at the very end of a picturesque and quiet newly paved road, sits the main entrance to this massive property.
This one-of-a-kind location and expansive property would suit a multitude of buyers. Already situated as a working ranch, this property is ready for the next owner who dreams of endless pastures and 100-plus-year-old Oak Trees; they would be in heaven! Not to mention the endless wildlife that adds to this land's extreme beauty. Hawks, Osprey, and Eagles are a common sight, while Foxes, Deer and the prized Osceola Turkey make routine appearances. This is a playground for nature lovers and avid sportsmen alike! In addition to all this beauty the property could easily be upgraded into a charming country estate or potentially a private family compound. Multiple family dwellings, barns, trails, etc. . . . the opportunities for one's dreams are endless!
Equally intriguing and rare in itself, these 107 acres are zoned AR-5, meaning a savvy investor or developer could build out an exclusive community consisting of several exquisite, secluded homesteads (approximately 18 homes based on buildable acreage). With direct access at the end of Reed Road, and an easement connecting Amberlea Road to the far north parcel, this "would be" exclusive community, is easily accessed from multiple points of entry and convenient in multiple directions. Such a potential premiere community would be a home run for any developer's portfolio.
As it stands, the current ranch and acreage are completely fenced and sectioned off into multiple pastures. Turnkey ready from day one for any and all livestock or animals. This property currently holds an agricultural exemption (greenbelt) and would certainly be a candidate for future exemption following all requirements. It is equipped with a fully functioning well (estimated to be over 200 ft deep), powered by both a windmill and electric pump. The property includes two separate 200 amp service feeds and is set up for two electrical meters. Currently, included on site is a 48x30 covered open pole barn, equipped with an RV pad, deck and power (the RV in the photos does not convey). Also included is a fully enclosed shed, large enough for your UTV, which also has power and air conditioning.
Don't miss your opportunity to breathe in the sweet pasture breezes or cast your eyes upon towering grandfather oaks. Come see this one-of-a-kind property today—a sincere rarity in all of Florida these days. Located just 10 minutes off I-75, this property is minutes from the quaint and folksy towns of Dade City and Brooksville. While also in near proximity to the bustling cities of Tampa/St. Pete (45 minutes) and their beautiful beaches, Ocala (60 minutes) and its world-class equestrian offerings or Orlando (90 minutes), the theme park capital of the world. This enchanting piece of land will certainly be a favorite among many, make it a priority to tour it today!
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Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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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 | $5,200,000 | $5,200,000 | $5,200,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.362% | 6.361% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $31,177 | $32,017 | $43,881 |
| Total Monthly Payment | $31,302 | $32,142 | $44,006 |
* 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.