Mascotte, FL 34753,LOTUS PATH
$325,000
$325,000
Est.Price: ?

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4.5 Acres Lot

LOTUS PATH Mascotte, FL 34753

Est. payment /mo
SOLD DATE : 03/10/2025

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Key Details

Sold Price $325,000

Property Type Vacant Land

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID G5066833

Sold Date 03/10/25

HOA Y/N No

Originating Board Stellar MLS

Annual Tax Amount $3,568

Lot Size 4.500 Acres

Acres 4.5

Lot Dimensions 468 x 482 x 241 x 275 x 128 x

Property Sub-Type Mixed Use

Property Description

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.

Location

State FL

County Lake

Exterior

Fence Boundary Fencing

Utilities Available Electrical Nearby, Utility Pole, Water Nearby

Building

Lot Description Buildable, City Limits, Level

Lot Size Range 2 to less than 5

Sewer None

Water None

Others

Ownership Fee Simple

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition None

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Stellar MLS
Listed by KELLER WILLIAMS ELITE PARTNERS III REALTY
Bought with KELLER WILLIAMS ELITE PARTNERS III REALTY

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agent

Terrence TJ Logan

Agent | License ID: 261550333

+1(813) 295-8157

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