Sold

FITZGERALD WAY

INVERNESS FL, 34450

$3,300,000


$1.08 per sqft

Sold

70.3 Acres

Land

This is a waterfront development opportunity you won't want to miss! With 70.3 waterfront acres, central water and sewer available. and a prime location within Inverness City Limits! There is nearly 3500' of waterfront on Little Lake Henderson, part of the 22 mile long chain of interconnecting lakes known as Lake Tsala Apopka. Lake Henderson is a 422 acre pristine waterway with a depth of 12'. The property offers 57.48 acres of Net Usable Uplands and 12.82 acres of pristine wetland preserves, and natural springs. Located inside the LDR1 zoning district of City Limits of Inverness, FL, this zoning allows for up to 5 units/acre (8,500 sf minimum lot and an impervious coverage ratio of 40%, 25% Building Allowance) with a minimum of 1,000 sf of living area. Permissible building types in the LDR1 zoning district include Single Family Detached, Single Family Attached and Multifamily Duplex. Estimated unit density at the subject property with compliance in the LDR1 zoning district could yield a potential of 287 units priced at just $13,560/unit of density, pending municipal approval. Centrally located just 1.4 miles drive time from Historical Downtown Inverness, City Hall, Citrus County CourtHouse, Liberty Park, Wallace Brooks Park and Rails To Trails Recreation Path (46 miles in length). Neighboring cities include Lecanto (11.2 miles), Beverly Hills (13.3 miles), and Inverness (1.4 miles).

OM650435

MLS ID

December 20, 2022

Listed

March 22, 2024

Updated

Map

FITZGERALD WAY
INVERNESS FL, 34450

Exterior/Building Features

Lot Size

70.3 Acres


Sewer

Public Sewer

Other Property Details

Area Name

34450 - Inverness


Taxes

$7,525


Tax Frequency

Annually


Days on Market

236


Garage

No


View

No


County

Citrus


Water Source

Canal/Lake For Irrigation, Public


Pool

No


Waterfront

Yes


Zoning

LD


Buyer Agency Compensation

2%

Listed by Elias Kirallah, with CENTURY 21 J.W.MORTON R.E.
Listing Contact: 352-400-2635 

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