9.8 Acres of Residential Land for Sale in Wesley Chapel, Florida
29824 Wells Rd, Wesley Chapel, FL 33545
OPPORTUNITY FOR INVESTOR OR DEVELOPER to acquire a 90% shovel ready property in Wesley Chapel, FL. Currently in permitting for twenty-three (23) oversized lots in addition to improvements to Wells Road. Current zoning R2 with a Future Land Use of RES-3. Total acreage of 9.80 acres located in the jurisdiction of Pasco County. Exceptional income producing opportunity MARKET CAP between 7% to 8% or build to sell. Easy access to Tampa through the Overpass Road. Close to hospitals, restaurants, Epperson Lagoon, Ice Skating Rink, Tampa Premium Outlet, Pop Stroke (a mini golf course designed by Tiger Woods), The Krate, over 40 restaurants and stores made of shipping containers), and many other places to relax and enjoy with your family.
Directions
From I75 NORTH TAKES EXIT 282 , RIGHT ON BOYETTE RD , 1.2 MILES RIGHT ON WELLS RD
Property details
- County
- Pasco County
- Zoning
- R2
- Elevation
- 108 feet
- MLS Number
- PINELLAS T3435128
- Date Listed
Legal description
E1/2 OF W1/2 OF FOLLOWING DESC:THE N1/2 OF SE1/4 OF NE1/4 OF SEC 5 LESS THE EAST 25 FT THEREOF FOR R/W; SUBJECT TO & TOGETHER WITH EASEMENT FOR INGRESS & EGRESS OVER & ACROSS THE NORTH 15 FT OF SAID N1/2 OF SE1/4 OF NE1/4 THEREOF & W1/2 OF WEST 1/2 OF FOLL DESC;NORTH 1/2 OF SE1/4 OF NE1/4 OF SECTION 5 LESS EAST 25 FT THEREOF FOR RD R/W; SUBJECT TO & TOGETHER WITH EASEMENT FOR INGRESS & EGRESS OVER & ACROSS NORTH 15 FT OF SAID N1/2 OF SE1/4 OF NE1/4 SUBJECT TO UTILITY EASEMENT PER OR 7732 PG 1414
Parcels
- 20-26-05-000.0-003.00-002.0
Property taxes
- 2022
- $9,450
Resources
Nearby schools
| Name | Level | District | Description |
|---|---|---|---|
| Wesley Chapel Elementary-PO | Elementary | — | — |
| Thomas E Weightman Middle-PO | Middle | — | — |
| Wesley Chapel High-PO | High | — | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Nov 7, 2023 | Price decrease | $2,999,900 | $300,100 -9.1% | PINELLAS |
| Oct 24, 2023 | Price decrease | $3,300,000 | $500,000 -13.2% | PINELLAS |
| June 14, 2023 | Price decrease | $3,800,000 | $400,000 -9.5% | PINELLAS |
| May 18, 2023 | Price decrease | $4,200,000 | $500,000 -10.6% | PINELLAS |
| Apr 14, 2023 | Price decrease | $4,700,000 | $300,000 -6% | PINELLAS |
| Mar 22, 2023 | New listing | $5,000,000 | — | PINELLAS |