9881 Lettuce Lake AveArcadia, FL 34269

Property Details for 9881 Lettuce Lake Ave

Lot size

35.15 AC

Property type

Residential income properties

Property subtype

Other land

Description

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.

Location Insight

City

Arcadia

County

DeSoto

State

Florida

Latitude

27.08

Longitude

-81.9841

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