4.5 Acres of Commercial Land for Sale in Mascotte, Florida
Lotus Path, Mascotte, FL 34753
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.
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.
Property details
- County
- Lake County
- Elevation
- 131 feet
- MLS Number
- MFRMLS G5066833
- Date Listed
Legal description
TBD prior to closing.
Parcels
- 10-22-24-0200-000-00500
Property taxes
- 2022
- $3,568
Detailed attributes
Listing
- Type
- Lots And Land
- Franchise
- Keller Williams Realty
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
Sept 7, 2023 | Under contract | $325,000 | — | MFRMLS |
May 23, 2023 | Price decrease | $325,000 | $35,000 -9.7% | MFRMLS |
Mar 24, 2023 | New listing | $360,000 | — | MFRMLS |