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Property Address

2618 NW 25TH AVE, Lake Panasoffkee, FL

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Property Details

Sold Date: 9/24/2020
Type: Lot / Acreage
Zoning: MIXED USE
Frontage: County Road
Lot Size: 50x100
Acreage: 28.9

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Robert Reade
Insurance NPN# 2283864
Cell Phone - 860.690.5052

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$775,000

SOLD!
Properties are not necessarily listed or sold by William Raveis Real Estate, Mortgage & Insurance

2618 NW 25TH AVE, Lake Panasoffkee, FL. HUGE PRICE DROP, $80,000 price reduction. Offered for sale is a fully developed subdivision for Single Family houses or Mobile Homes, all of the utilities are in place and underground. Sewer,Electric, Water, Cable and Internet are all in place. Development cost alone for a project of this size would cost over a million dollars plus the cost of the land. This development is within a 10 minute drive from The Villages. Zoning allows for single family homes or manufactured homes. Over 28 acres platted for 52 sites, no development needed, no rezoning, no construction plan approval, no site development to complete, as this was already done by the current owner. This land is ready for immediate construction of single family homes, or as a mobile home park. The private street was just repaved at $30,000 and 5 brand new manufactured homes (5X $50,000) which are included in the purchase price, have been set up and are ready to be sold or rented (they can also be removed if the buyer prefers to develop single family homes). The lots can be sold off individually or kept by the property owner for a lot rent mobile home park, notably if the buyer elects to sell lots individually, this can be easily done. Water meter fees have already been paid and all 52 lots have been stubbed out for electric, water, sewer, phone, cable, and internet. The property is steps away from Lake Panasoffkee and includes deeded access to the private boat ramp. This development is surrounded by pristine nature and wildlife. This is a great opportunity to create a community in a location surrounded by retirement communities an RV Parks.

 

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