3501 Smith Rd, Groveland, FL 34736
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.