Active

GUNN HWY

ODESSA FL, 33556

$6,800,000


$1.95 per sqft

Active

80 Acres

Land

Price Reduced ! Real Estate Developers! We are presenting an Odessa Development Parcel which is a gorgeous equestrian, lakefront parcel comprised of approximately 80 acres of land ( Parcel has 60 acres of upland more or less) with 2,000 feet more or less water frontage on the spring feed Lake Fern with its white sandy beach. Estate Sale with motivated family owners. Family will look at reasonable offers!! A private family has owned the parcel for 62 plus years. This is one of the few large acreage parcels remaining in the Odessa area. The parcel is bordered by Gunn Hwy on the north and east plus Tarpon Springs Road on the south. The parcel has been platted into 13 lake front lots ranging in size from 2.5 acres up to 7.2 acres. There is a site plan indicating the 13 lakefront lots plus private road that needs to be paved along with other site improvements to sell and or develop the lakefront lots. Current zoning is Agricultural Residential and the Future Land Use is the same. 11.21 acres at the corner of Gunn Hwy and Lutz lake Fern is a dedicated equestrian/park common area easement called "The Meadow" as the zoning permits horses. Lake Fern is a 30.6 acre fresh water lake. Jet skiing and jon boats for fishing are possible on this lake. The mean depth of Lake Fern is 12' and the deepest area of the lake is 29'. The lake is more than a 1/5 mile across from east to west and 1/4 of a mile from north to south. Any homes constructed will have westly sunsets to the rear. The lake front lots cannot be sold separately at this time without infrastructure construction on the parcel. A homeowners association still must be created. The private road called L"Lago Lane must be constructed, infrastructure improvements installed and some type of non-opaque ornamental fencing with secondary vegetation as a buffer along with two gated entries built along Gunn Hwy and Tarpon Springs Road. The non opaque wall will be a buffer and create the aura of exclusivity. Any new construction would have to be on septic and well water. Parcel location: is 6 miles north of the Westfield Citrus Park Mall , exit 16 for the Suncoast Parkway is 2.77 miles to the northeast, Pinellas County is 4.5 miles to the west & Pasco County ( Hwy 54 ) is located 3 miles to the north. Property may be shown by appointment only. See attachments for lakefront land and home lakefront comparable sales. There is good profit in development and the sales of the lakefront lots for an astute real estate developer. Shown only by appointment !!

T3427138

MLS ID

February 4, 2023

Listed

February 16, 2024

Updated

Map

GUNN HWY
ODESSA FL, 33556

Exterior/Building Features

Lot Size

80 Acres


Sewer

None

School Information

High School

Steinbrenner High School


Elementary School

Hammond Elementary School

Other Property Details

Area Name

33556 - Odessa


Taxes

$5,500


Tax Frequency

Annually


Days on Market

373


Garage

No


View

Yes


View Description

Water


County

Hillsborough


Water Source

Canal/Lake For Irrigation


Pool

No


Waterfront

Yes


Zoning

AR


Buyer Agency Compensation

2%-$300

Listing History

Date

Event

Price

12/18/2023

Price Change

$6,800,000

-10%

Listed by Robert Romano, with FRANK BURNS REALTY INC
Listing Contact: 813-877-7425 

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