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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Data last updated 3/22/2024, 7:50 AM UTC