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$15,000,000

Sold

$15,000,000

Asking $15,000,000-super motivated sellers in their 80's ready to cash out!!

Description

Development Land  with river for SALE NW FLORIDA.

Asking $15,000,000-super motivated sellers in their 80's ready to cash out!!


2280 acres ( more than half flooded)  for sale with 190 houses to be developed with 1-15 acre  riverfront lots.

In addition -12 acres tract on US 17 zoned commercial

EAST SIDE OF PEACE RIVER

The majority of this property is Zoned AG 5. This means that one residential unit can be built per 5 acres without rezoning. However, due to the configuration of the land and other property constraints, I did a rough layout and I estimate that you can get approximately 65 buildable parcels outside of the floodway. The minimum lot width is 165 ft but I used 200 ft for estimation purposes. The lots would range in size from approximately 5 acres to 15 acres. For marketing purposes, these lots would be developed using a " metes and bounds " survey layout/ description or possibly a subdivision plat. Also ingress-egress easements would need to be included as part of the marketing. A rezoning would not be required.


WEST SIDE OF RIVER


The West portion of the property( that is west of the Peace River) contains primarily a subdivision plat . As you probably realize the owners have been granted vested rights for 892 units in this area( within the platted subdivision)

Out of these 892 lots there are over 300 1 acre lots that are out of the floodway limits. Out of this 300 there are approximately 125 1 acre lots out of the floodway that do not have any wetlands on the property. These lots would be most desirable however the other lots have a value as well.


In brief summary please note that this assessment concentrates on the potential residential use of the property. However keep in mind that there are other uses for the remaining agricultural property which would be beneficial for a variety of uses including recreation,  mitigation/ preservation and other allowable and appropriate activities/ uses without rezoning.


SOLD
For Sale

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