For Sale
$12,000,000

Miller Blvd Fruitland Park, FL 34731

Florida senior housing development opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 60-acre parcel in Fruitland Park, Florida, presents a remarkable investment opportunity. Located in Lake County, at 34731 Miller Blvd, this commercially zoned land is already entitled for a 900-unit mixed-use development specifically designed for a 55+ community. The property boasts a Planned Unit Development (PUD) designation, allowing for a diverse range of housing options. Permitted uses include single-family attached and detached homes, duplexes, and multi-family dwellings, with a maximum density of up to 15 dwelling units per acre. The development plan aligns with R-15 zoning regulations. Infrastructure is in place, including a gravity sewer system leading to a lift station, ensuring efficient waste management. The property also features a full opening median with left-in and left-out access, enhancing traffic flow and accessibility. Its strategic location adjacent to The Villages further enhances its desirability and potential for strong returns. The asking price for this prime development site is $12,000,000. All uses are consistent with a Continuing Care Retirement Community (CCRC). This is a rare opportunity to acquire a large, well-positioned tract of land with existing entitlements, ready for immediate development in a thriving senior living market. The property's location and existing infrastructure make it an ideal candidate for a large-scale senior housing project.

Highlights

  • 60± acre mixed-use PUD entitled for 900+ senior housing units (55+).
  • Continuum of Care Retirement Community (CCRC) zoning.
  • Master Development Agreement allows up to 15 dwelling units per acre; permitting includes single-family attached and detached, duplexes, and multi-family.
  • Gravity sewer system with lift station serving the PUD.
  • Full median opening with left-turn access in and out.
  • Adjacent to The Villages.

Property Details for 0 Miller Blvd

Property type
Land
Lot Size (sq. ft)
2,613,600 SF

Location Insight

City
Fruitland Park
County
Lake
State
Florida
Latitude
28.8615504
Longitude
-81.9350383

FAQs

What type of property is this?
Land - Florida senior housing development opportunity.
Where is the land located?
The property is located at Miller Blvd Fruitland Park, FL.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: 60± acre mixed-use PUD entitled for 900+ senior housing units (55+).; Continuum of Care Retirement Community (CCRC) zoning.; Master Development Agreement allows up to 15 dwelling units per acre; permitting includes single-family attached and detached, duplexes, and multi-family.
How can I contact the broker?
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0 Miller Blvd
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