For Sale
$5,275,000

9881 Lettuce Lake AveArcadia, FL 34269

Arcadia, FL residential development opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 35.15-acre parcel in DeSoto County, Florida, presents a rare residential development opportunity. Located at 9881 SW Lettuce Lake Ave, Arcadia, FL 34269, this property boasts entitlements for up to 211 units, under RMF-6 zoning, allowing for single-family, multi-family, and assisted living facilities. The site benefits from significant existing infrastructure, including partially completed roadways, water, and sewer lines already in place, streamlining the construction process. An active Environmental Resource Permit (ERP) is in place, and the sale includes 113 water Equivalent Residential Units (ERUs) and 213 wastewater ERUs, representing a substantial utility capacity. Strategically positioned in a high-growth corridor between Arcadia and Punta Gorda, near three new residential communities developed by nationally recognized homebuilders, this location offers exceptional potential for future growth. The asking price is $5,275,000. The property's APN is 23-39-23-0000-0270-0000, 14-39-23-0000-0045-0000. Less than 2 miles from US Highway 17 and adjacent to the Peace River, this fully entitled and shovel-ready site represents a unique opportunity to capitalize on the increasing demand for housing in this rapidly expanding market. A reimbursement of $1,109,750 to the seller is included for the ERUs.

Highlights

  • Partial roadway and infrastructure including water and sewer are in place.
  • Active Environmental Resource Permit (ERP) is in place.
  • Excellent location near Punta Gorda, Port Charlotte, and Arcadia, in a high-growth area.
  • Zoning permits single-family, multi-family, and assisted living development.
  • Fully entitled and shovel-ready site; a rare offering in this booming market.
  • Includes 113 water ERUs and 213 wastewater ERUs; buyer reimburses seller $1,109,750.

Property Details for 9881 Lettuce Lake Ave

Property type
Land
Lot Size (sq. ft)
1,531,134 SF

Location Insight

City
Arcadia
County
DeSoto
State
Florida
Latitude
27.079985
Longitude
-81.984123
9881 Lettuce Lake Ave, Arcadia, Florida

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9881 Lettuce Lake Ave
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