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    5514 Hillsborough St Wimauma, FL 33598

    For Sale
    $4,250,000

    15.66 Acres, Prime Development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 15.66-acre parcel presents a prime opportunity for residential development in the rapidly expanding Wimauma, Florida market. Boasting 626 feet of captivating Lake Wimauma frontage and 605 feet of road frontage on Hillsborough Street, this property offers unparalleled potential. Currently zoned AR with a future land use designation of R-4, it's ideally situated for significant residential construction. The site benefits from existing infrastructure, including a 6-inch water main and a 3-inch force main nearby. Property taxes for 2022 were $11,487.38. Located within a mile of approved plans for over 1,500 residential units, a new elementary, middle, and high school, this location is poised for continued growth. Conveniently situated under 5 miles from I-75, residents will enjoy easy access to shopping, employment centers, recreational facilities, and the new schools. The property's APN is 079016-7512 | 079016-7516 | 079016-7518. This is one of the last remaining buildable properties in this burgeoning area, making it a truly exceptional investment opportunity. The asking price for this remarkable development land is $4,250,000.

    Property Features for 5514 Hillsborough St

    General Information

    Property type
    Land
    Lot Size
    682,150 SF

    HighLights

    • 15.66‑acre residential development site in Wimauma, FL.
    • R‑4 zoning with future land use designation for high‑density residential.
    • 626 ft. of Lake Wimauma frontage and 605 ft. of road frontage on Hillsborough Street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Auto Repair Shop Clothing Store Nail Salon Pharmacy Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wimauma
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.307480160251
    Latitude
    27.70548787449

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    FAQs

    What type of property is this?
    Land - 15.66 Acres, Prime Development
    Where is this land located?
    The property is located at 5514 Hillsborough St Wimauma, FL.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: 15.66-acre residential development site in Wimauma, FL.; R-4 zoning with future land use designation for high-density residential.; 626 ft. of Lake Wimauma frontage and 605 ft. of road frontage on Hillsborough Street.
    Request Owner's contact information
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    Wimauma, FL 33598
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5514 Hillsborough St Wimauma, FL 33598
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