4506 90Th PlzWildwood, FL 34785

This exceptional 250-unit multifamily development site, located at 4506 NE 90th Plaza in Wildwood, Florida (34785), presents a lucrative investment opportunity. Priced at $9,500,000 ($38,000 per unit), this property boasts a prime location on busy SR 44, near the Sumter-Lake County line and on the edge of The Villages, Florida. The site is zoned RVPUD, and while some site work has already been completed, a zoning change and site plan approval through Sumter County (not the City of Wildwood) will be required. A significant advantage is the availability of water and sewer utilities, secured through an agreement with The Villages. This is a rare opportunity given the limited availability of such sites on SR 44 outside of The Villages. The property is conveniently located approximately one mile from Morse Boulevard and 0.56 miles from the Lake Deaton Plaza, offering excellent access to amenities and a strong potential tenant base. The property encompasses a portion of Sumter County Parcel G24-023. This is a unique chance to develop a substantial multifamily project in a high-demand area.