Address
Lotus Path, MASCOTTE, FL
Price
$ 325,000
Property Attributes
- MLS#G5066833
- TypePending
- CountyLAKE
- CityMASCOTTE
- AreaMascotte
- Zip34753
- Style
- Taxes$ 3568
- Price$ 325,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size4.5 Acres
Data Source:
Stellar MLS
Property Description
Under contract-accepting backup offers. The Hibiscus Reserve project already has a Future Land Use designation for Planned Unit Development - Downtown Mixed Use (PUD-DM), which allows for a variety of uses and a density of 12 dwelling units per acre. With 4.5+ high and dry acres that could mean up to 54 units. This parcel is right off of SR-50, a major growth corridor, with the current 2-lane road expanding to a 4-lane that will run from I-75 east past Mascotte and Groveland. With SR-33 just a couple of miles up the road, Mascotte is ideally positioned for growth. Mascotte has seen 18.25% in population growth over the last few years with developments from national builders like Maronda Homes, KB Homes, Richmond America, and LGI Homes popping up all over town. With such a shortage of affordable housing options, small towns like Mascotte that are situated so close to larger town centers like Clermont, new housing developments are a welcome addition to the community. The property has already been cleared with easy access to SR-50 via Hibiscus Ave and Palmwood Ave. The only thing left is to entitle it and develop the property for a multifamily or mixed use project.
| Price History | |
|---|---|
| 3/24/2023 | Listed $360,000 |
| 5/22/2023 | 10% - $325,000 |
General Features
| Sewer | None |
|---|---|
| Utilities | Electrical Nearby,Utility Pole,Water Nearby |
| Tax Year | 2022 |
| Current Use | Mixed Use |
| Percent Ownership | Fee Simple |
| County | Lake |
| Property Type | Land |
| HOA / Comm Assn | No |
| Status | Pending |
| Directions | From SR-50 traveling west from Groveland,turn right on Hibiscus Ave. When Hibiscus transitions to Lotus Path,you will see the property on the right side (north side) of Lotus Path. |
| ModificationTimestamp | 2024-04-10T19:16:06.023Z |
| City | MASCOTTE |
| Buyer Agent Compensation | 3% |
| View Y/N | No |
| MLS Area | 34753 - Mascotte |
| Lot Size Units | Acres |
| Lot Size Square Feet | 200000 |
| Waterfront Y/N | No |
| Street Name | Lotus Path |
| Tax Annual Amount | 3568 |
| Additional Parcels Y/N | No |
| Days on Market | 165 |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Pending |
| Legal Description | TBD prior to closing. |
| Water Access Y/N | No |
| Water View Y/N | No |
| Flood Zone Code | X |
Exterior Features
| Fencing | Boundary Fencing |
|---|---|
| Lot Features | Buildable,City Lot,Level |
| Water Source | None |
| Lot Size Area | 4.5914 |
| Lot Dimensions | 468 x 482 x 241 x 275 x 128 x |
| Lot Size Acres | 4.5 |
| Road Surface Type | Dirt,Gravel |
| Road Frontage Type | Access Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 34753
Price
Taxes
Visits
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on June 14, 2024 5:33 AM UTC
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© 2024 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
