About Lotus Path
Under contract-accepting backup offers. The Hibiscus Reserve project already has a Future Land Use designation for Planned Unit Development - Downtown Mixed Use (PUD-DM), which allows for a variety of uses and a density of 12 dwelling units per acre. With 4.5+ high and dry acres that could mean up to 54 units. This parcel is right off of SR-50, a major growth corridor, with the current 2-lane road expanding to a 4-lane that will run from I-75 east past Mascotte and Groveland. With SR-33 just a couple of miles up the road, Mascotte is ideally positioned for growth. Mascotte has seen 18.25% in population growth over the last few years with developments from national builders like Maronda Homes, KB Homes, Richmond America, and LGI Homes popping up all over town. With such a shortage of affordable housing options, small towns like Mascotte that are situated so close to larger town centers like Clermont, new housing developments are a welcome addition to the community. The property has already been cleared with easy access to SR-50 via Hibiscus Ave and Palmwood Ave. The only thing left is to entitle it and develop the property for a multifamily or mixed use project.
Features of Lotus Path
MLS® # | G5066833 |
---|---|
Price | $325,000 |
Bathrooms | 0.00 |
Acres | 4.50 |
Type | Land |
Sub-Type | Land |
Status | Pending |
Community Information
Address | Lotus Path |
---|---|
Area | Mascotte |
City | MASCOTTE |
County | Lake |
State | FL |
Zip Code | 34753 |
Amenities
Is Waterfront | No |
---|---|
Has Pool | No |
Interior
Fireplace | No |
---|
Exterior
Lot Description | Buildable, City Limits, Level |
---|
Additional Information
Date Listed | March 24th, 2023 |
---|---|
Days on Market | 385 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | KELLER WILLIAMS ELITE PARTNERS III REALTY |
---|