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    8924 County Road 466 Lady Lake, FL 32162

    Sponsored
    For Sale
    $2,726,000

    11.6 Acres, High Traffic Area, Redevelopment Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 11.6+/- acre property, located at 8924 E County Rd 466 in Lady Lake, Florida (zip code 32162), presents a compelling redevelopment opportunity. Situated on a major east-west artery through The Villages, this land boasts high visibility and accessibility, with an average of 23,500 Florida Department of Transportation (FDOT) daily trips. The property's A1OC & RR1 zoning permits a variety of uses, making it ideal for mixed-use development catering to the area's strong demographics, including the thriving Villages community and the growing workforce in the hospitality, retail, professional, and medical sectors. An additional 8+/- acres are also available separately, further enhancing the development potential. The existing home on the property will not be shown until due diligence is completed. Utilities include a well, septic system, and power provided by SECO electric. Access is strictly by appointment only. All information is believed to be accurate but is not guaranteed. The asking price for this significant land parcel is $2,726,000.

    Property Features for 8924 County Road 466

    General Information

    Property type
    Multifamily properties
    Lot Size
    505,296 SF

    HighLights

    • 11.6+/- Acres of land in Lady Lake, FL.
    • Adjacent 8+/- acres also available.
    • High‑visibility location on E CR 466 in The Villages/Lady Lake.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Lady Lake
    County
    Sumter
    State
    Florida
    Longitude
    -81.9551475
    Latitude
    28.9191002

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    FAQs

    What type of property is this?
    Multifamily property - 11.6 Acres, High Traffic Area, Redevelopment Potential
    Where is this multifamily property located?
    The property is located at 8924 County Road 466 Lady Lake, FL.
    What is the asking price?
    The asking price for this property is $2,726,000.
    What are key features of this property?
    This property features: 11.6+/- Acres of land in Lady Lake, FL.; Adjacent 8+/- acres also available.; High-visibility location on E CR 466 in The Villages/Lady Lake.
    Request Owner's contact information
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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
    8924 County Road 466 Lady Lake, FL 32162
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