$899,000

About this home

Captivating 8.6-Acre Ranchette with Lucrative Future Development Potential! Welcome to your dream property in the heart of a dynamic, transitioning area poised for remarkable growth. This 8.6-acre ranchette offers the perfect blend of current agricultural use and tremendous future development potential. Key Features: Corner lot in a Prime Location: Located in a semi-rural area transitioning from agriculture to metro Orlando-style residential development. Convenient access to County Rd 33 via the soon-to-be widened and paved Smith Rd, ensuring seamless connectivity. Agricultural Excellence: Fully fenced property, thoughtfully divided into three sections: a nursery, a large primary pasture, and a dedicated area with a squeeze chute for easy cattle loading. A custom-built 18 x 36-foot pole barn, ideal for sheltering livestock or storing equipment. A private well supplying water to four strategically placed watering stations. Future Development Goldmine: Future Land Use designation allowing for 8 units per acre, with permissible uses including single and attached residential, civic uses (such as parks and lift stations), and minor commercial to support the forthcoming residential community. Adjacent to a 250-acre commercial cattle operation with an approved subdivision, ensuring significant development activity in the immediate vicinity. Investment Opportunity: Capitalize on the current cattle-raising operations while positioning yourself to reap the rewards of future residential and commercial developments. NOTE: The project to expand and upgrade Smith Rd got underway October 2025. It encompasses installation of water and sewer lines, underground utilities, topographical work and paving from County Rd 33 to the new Loucks Island Subdivision. A unique chance to secure a substantial tract of land in an area with skyrocketing development potential. Don’t miss out on this rare opportunity to enjoy the best of both worlds – a thriving agricultural lifestyle now and the promise of lucrative development returns in the near future. Schedule your showing today and explore the limitless possibilities this extraordinary property has to offer! Feel free to let me know if there are any additional details or adjustments you'd like to include! One of the co-owners is a Licensed Real Estate Agent in the State of Florida

Property details

MLS #

MFRG5085377

Property type

Land

Subdivision

GROVELAND FARMS 03-22-24

Status

Active

Days on market

730

On market date

August 5, 2024

Stories

N/A

Total bathrooms

N/A

Garage spaces

N/A

Parking spaces

N/A

Lot size

8.6 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).