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Waterfront Townhome Development Site
For Sale
$2,900,000

1877 Arbuckle Creek Road SEBRING, Sebring, FL 33870

Three townhomes are completed with certificates of occupancy, with infrastructure in place for additional buildout on Dinner Lake.

Property SizeContact for details
Lot Size2.50 Acres
Days on Market51

Property Features for 1877 Arbuckle Creek Road SEBRING

General Information

Standard status Active
Lot size 2.50 Acres
Property subtype Land
Zoning R3

Site & Location

Road Access Yes
Utilities to Site Yes

Additional Details

Multifamily Units 20

Taxes and HOA fees

Annual Taxes $4,828

Amenities

Trees/Landscaped
Cleared,Compact Soil,Filled,City Lot,Landscaped
Public
5.1377
236 x 500
5
2
true
Paved,Asphalt
Street Paved,Private Road,City Street
Private Maintained Road,Public Maintained Road

Building Details

Stories 3
Listing Agency:
Listed By: Kashira Francis
Source: Movetojacksonville
Added: Jul 4 Changed: Aug 22 Last Checked: Aug 23 at 2:27AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kashira Francis

Investment Insights

Based on property information with market context.

This waterfront townhome development includes three completed units that have been issued certificates of occupancy. Each home is a three-story design with a garage, kitchen, laundry, living room with 20-foot soaring ceilings, balcony, and a lakeview primary suite. The basement level includes additional living space with walk-out doors to a screened porch, while the upper level provides two bedrooms, a bathroom, and an open loft area. Finishes noted include granite countertops, staggered cabinetry, rounded corners, crown molding, and upgraded fixtures. The roof system is metal with a barrel-tile appearance and includes a stated 60-year warranty. Association documents and the association corporation have been formed and approved by the state for transfer to a new owner.

The development is set on 2.5 acres with more than 210 feet of frontage on Dinner Lake. Over $4 million has already been invested in site infrastructure, including roads, underground electric, irrigation, a lift station, and central water and sewer extended to individual lots. The adjoining 2.5 acres may be included for a total of 5 acres, and it was originally slated for a Phase II expansion.

For developers and investors, the practical advantage here is that the work is already underway and completed units are available, with infrastructure extended to lots ready for continued construction. The current site plan supports construction of 17 additional units, and the optional Phase II land is described as having potential for up to 31 additional units. The Phase II parcel also presents possibilities for HOA community amenities such as a clubhouse, pool, and common areas, as outlined in the development materials.

Key Highlights

  • Waterfront Dinner Lake townhome development with 3 completed units and issued certificates of occupancy
  • Over $4M invested in infrastructure, including roads, underground electric, irrigation, lift station, and central water/sewer extended to lots
  • 2.5‑acre site on Dinner Lake with 210+ ft of lake frontage; waterfront lot features include cleared, filled, and landscaped city lot

Property Analytics

Current Use

Waterfront Land

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Hair Salon Nail Salon Big Box & Wholesale Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20
Residential units
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

28
Businesses Nearby

Demographics for 33870, FL

24,238
Population
13,933
Households
1.7
Avg Household Size
51
Median Age
18%
College-Educated
84%
High-School Grad
95.3 sq mi
ZIP Area
254
Density / Sq Mi
$50,606
Median Household Income
$28,475
Median Earnings
$977
Median Rent
$154,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Waterfront Land - Three townhomes are completed with certificates of occupancy, with infrastructure in place for additional buildout on Dinner Lake.
Where is this waterfront land located?
The property is located at 1877 Arbuckle Creek Road SEBRING Sebring, FL.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Waterfront Dinner Lake townhome development with 3 completed units and issued certificates of occupancy; Over $4M invested in infrastructure, including roads, underground electric, irrigation, lift station, and central water/sewer extended to lots; 2.5‑acre site on Dinner Lake with 210+ ft of lake frontage; waterfront lot features include cleared, filled, and landscaped city lot
More about this property
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