997 Grace Farm Dr Lutz, FL 33549
This exceptional 2.96-acre parcel presents a rare opportunity for those seeking privacy and the freedom to build their dream home in the desirable Lutz, Florida area. Located off Duque Road, just north of Whitaker Avenue, this property is part of a minor subdivision with the significant advantage of no deed restrictions or homeowners association fees. Furthermore, there are no CDD fees associated with this land, offering substantial long-term savings. The property is secluded, offering a tranquil setting away from the hustle and bustle of city life. This particular lot, designated as Lot 3 in the By His Grace Subdivision, comprises 2.96 acres, with 1.91 acres buildable and 1.05 acres dedicated to a private drive ensuring convenient ingress and egress. An adjacent parcel is also available for purchase, allowing for the possibility of a larger-scale project. The property is zoned ASC1, providing flexibility for residential development. The asking price is $595,000, translating to approximately $201,014 per acre. Don't miss this chance to acquire this exceptional piece of land in a highly sought-after location.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.