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    911 Fl-48 Groveland, FL 34736

    Sponsored
    For Sale
    $4,500,000

    Prime development land near The Villages.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 60-acre commercial land parcel presents a remarkable investment opportunity in rapidly growing Groveland, Florida. Strategically located at 911 FL-48, 34736, this property boasts three boundaries directly adjacent to The Villages' expansion areas, offering unparalleled potential for future development. The Villages is currently pursuing entitlements with the City of Leesburg for a substantial 4,200-acre expansion project known as "Secret Promise," further enhancing the property's value and prospects. Convenient access to major transportation arteries, including the Florida Turnpike and I-75, adds to its appeal. Currently zoned AG, the property benefits from the proximity of City of Leesburg utilities and a receptive attitude towards annexation and entitlements for future development. Lake County Property Appraiser Alternate Keys: 1701333, 3794012. The asking price for this significant land holding is $4,500,000. This presents a unique chance to capitalize on the explosive growth surrounding The Villages and secure a prime position in a thriving Florida market. The property's location, size, and adjacency to a major planned expansion make it an ideal candidate for a variety of commercial ventures.

    Property Features for 911 Fl-48

    General Information

    Property type
    Land
    Lot Size
    2,613,600 SF

    HighLights

    • 56+ acres adjacent to The Villages expansion.
    • Three sides border The Villages' expansion area.
    • Excellent access to Florida's Turnpike and I‑75.
    • Currently agricultural, but readily developable with nearby Leesburg utilities and annexation potential.
    • Lake County Property Appraiser Alt Keys: 1701333, 3794012.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Map

    City
    Groveland
    County
    Lake
    State
    Florida
    Longitude
    -81.938556298969
    Latitude
    28.698462363731

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    FAQs

    What type of property is this?
    Land - Prime development land near The Villages.
    Where is this land located?
    The property is located at 911 Fl-48 Groveland, FL.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: 56+ acres adjacent to The Villages expansion.; Three sides border The Villages' expansion area.; Excellent access to Florida's Turnpike and I-75.
    Request Owner's contact information
    911 Fl-48 Groveland, FL 34736
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    Groveland, FL 34736
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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
    911 Fl-48 Groveland, FL 34736
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