5100 Is Vlg Cir Saint James City, FL 33956

This exceptional 2.5-acre property in St. James City, Florida (zip code 33956, located at 5100 Island Village Circle), presents a unique investment opportunity. Priced at $2,400,000, it encompasses 24 fully entitled building pads, each valued at $100,000. The property is zoned for a 24-door vacation rental resort and is shovel-ready for development, with six fully entitled four-plex building pads. The development is situated within the desirable Villages of Pine Island community and benefits from existing infrastructure, requiring only minor main extensions in some areas. All pads meet current FEMA flood elevation requirements. Each pad has its own tax ID number, allowing for flexible sales of individual pads or the entire development. Building permits are obtainable within seven days of purchase, following impact fee payment. The property's design incorporates parceled cul-de-sacs, enhancing the appeal of the four-plex condo development. This Class A property offers a streamlined development process due to pre-approved plans and readily available infrastructure. This is a remarkable chance to capitalize on the high demand for new housing in this thriving community.