$2,499,000

About this home

PRIME 14.1-ACRE DEVELOPMENT OPPORTUNITY ADJACENT TO NEW PORT CORNERS IN NEW PORT RICHEY, PASCO COUNTY, FLORIDA. A rare opportunity to acquire a substantial infill development parcel positioned directly adjacent to Lennar’s New Port Corners community. Recent development activity has brought newly constructed roads and sewer infrastructure up to and adjacent to the property, significantly changing the development context and potential of this residential development opportunity. Located at 8738 Lindy Lane, this approximately 14.1-acre property is in the rapidly growing New Port Richey/Trinity area of Pasco County. The combination of substantial acreage, river frontage, proximity to new residential development, and adjacent infrastructure creates an opportunity for builders, developers, investors, and land-banking groups seeking property in one of Tampa Bay’s expanding residential corridors. Potential development concepts may include single-family residential, townhomes, multifamily, build-to-rent, or other residential development strategies, subject to zoning, land-use approvals, environmental review, engineering, utility capacity, and governmental approvals. Buyers are encouraged to perform independent due diligence regarding density, entitlements, floodplain, wetlands, utilities, access, and development feasibility. The property’s location next to active new construction offers a significant advantage over isolated raw land. New roads and sewer infrastructure have recently been constructed up to and adjacent to the site as part of surrounding development activity. The parcel’s size and configuration provide flexibility for a range of potential site-planning concepts while the river frontage offers the possibility of creating a distinctive residential community with water views, natural areas, trails, kayak access, or other amenities, subject to applicable approvals. An additional approximately one-acre parcel located across the river may also be available for inclusion or separate negotiation, potentially offering additional options for recreation, conservation, amenities, or other strategic uses. Conveniently located near Trinity, New Port Richey, State Road 54, US Highway 19, shopping, restaurants, healthcare, schools, and employment centers, with access to the greater Tampa Bay market. This is a unique opportunity for a residential developer, homebuilder, multifamily developer, townhome developer, build-to-rent operator, or land investor to secure a sizable infill development site adjacent to major new residential construction and recently extended infrastructure. PROPERTY HIGHLIGHTS: Approximately 14.1 acres; nearly 1,000 feet of river frontage; adjacent to the New Port Corners development; newly constructed road infrastructure adjacent to the property; sewer infrastructure extended to the immediate area; potential for multiple residential development concepts subject to approvals; optional additional approximately one-acre parcel across the river; strong New Port Richey/Trinity/Pasco County growth corridor location. Seller and listing broker make no representations regarding allowable density, development approvals, utility capacity, wetlands, floodplain impacts, or suitability for any specific use. All proposed uses are subject to buyer due diligence and applicable governmental approvals.

Property details

MLS #

MFRW7851874

Property type

Land

Subdivision

PORT RICHEY LAND CO

Status

Active

Days on market

1256

On market date

January 20, 2023

Stories

N/A

Total bathrooms

N/A

Garage spaces

N/A

Parking spaces

N/A

Lot size

14.1 acres

Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).