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    OFF-MARKET
    Land

    3501 Smith Rd, Groveland, FL 34736

    190 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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