36221 Fair Oaks DrFruitland Park, FL 34731

Property Details for 36221 Fair Oaks Dr

Lot size

35.29 AC

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional 35.29-acre parcel in Fruitland Park, Florida, presents a remarkable development opportunity. Located at 36221 Fair Oaks Dr, 34731, and situated west of Highway 441, this property comprises twelve individual parcels, offering flexibility and potential for phased development. Four parcels boast desirable waterfront access to Zephyr Lake. The land is zoned R3, allowing for a diverse range of residential construction. An approved Planned Development (PD) plan is in place, permitting the creation of up to 93 single-family residential lots. Beyond single-family homes, the plan also accommodates the development of villas, townhomes, and apartments, catering to a broad spectrum of housing needs. A unique feature of this development is the inclusion of an Accessory Dwelling Unit (ADU) right for each lot. These ADUS, planned to be rental units situated above or adjacent to garages, offer significant potential for increased rental income and property value. The seller is seeking offers with a 60-day inspection period and a swift closing process. This prime location and comprehensive development plan make this a highly attractive investment opportunity in the growing Fruitland Park market. Lake County location provides easy access to major roadways and amenities. The asking price is $5,300,000.

Location Insight

City

Fruitland Park

County

Lake

State

Florida

Latitude

28.8745

Longitude

-81.9104

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