Property profile

3501 Smith Rd Groveland, FL 34736

OFF-MARKET
Land
190 ac lot
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Property summary

AI-generated overview

This exceptional 190-acre parcel presents a remarkable investment opportunity in the rapidly growing city of Mascotte, Florida. Located just one mile from Mascotte's vibrant center, this expansive land tract offers unparalleled potential for a substantial residential development. The property's strategic location provides convenient access to major roadways, including Highway 33 and Highway 50, ensuring seamless connectivity for future residents. The site is surrounded by established residential communities and businesses, creating a thriving and desirable environment. With an asking price of $10,500,000, this land offers the potential to create approximately 240 residential lots, making it an ideal project for developers seeking to capitalize on the area's burgeoning growth. The property's size and location within Lake County, Florida, near the city of Groveland (zip code 34736), present a unique chance to build a thriving community. The address is 3501 Smith Rd. Mascotte boasts an average population of 5,102, indicating a strong potential market for new residential development. This is a rare opportunity to acquire a large tract of land in a prime location poised for significant appreciation. The open land is ready for development, presenting a blank canvas for a visionary project.

Property profile

Verified
Property type Land
Lot 190 ac (8,276,400 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3501 Smith Rd Groveland, FL 34736
Groveland metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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