0 Crk 48Okahumpka, FL 34736

Property Details for 0 Crk 48

Lot size

91.00 AC

Property type

Agricultural properties

Property subtype

Multifamily properties

Description

This exceptional 91-acre property in Lake County, Florida, presents a unique investment opportunity. Zoned AG, it offers significant potential for residential and agricultural development. Located on Clearwater Lake, this land boasts stunning waterfront access and is ideally situated for annexation into the city of Leesburg, providing access to utilities (water/sewer) and an anticipated single-family residential density of 3+ units per acre. The property's strategic location is just two miles from The Villages, the largest single-family home development in the United States, and less than an hour from downtown Orlando and Orlando International Airport. Convenience is key, with nearby access to major roadways like the Florida Turnpike (5.5 miles via CR 470) and local amenities including Publix, Winn-Dixie, and various restaurants (under 10 minutes away). The property's value is significantly enhanced by its adjacency to another 418-acre parcel also available for purchase, creating a combined potential development area exceeding 500 acres. The address is CR 48, Groveland, FL 34736, with the APN 3878647. The asking price is $3,000,000, translating to $32,967 per acre. This prime location, coupled with its substantial size and waterfront access, makes this a compelling investment for developers seeking a large-scale project in a rapidly growing area.

Location Insight

City

Okahumpka

County

Lake

State

Florida

Latitude

28.7195

Longitude

-81.9143

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