Lotus Path, MASCOTTE, FL

$325,000

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4.50

Acres

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

OfficeKELLER WILLIAMS ELITE PARTNERS III REALTY

Listing Map

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