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Property profile & analytics
OFF-MARKET
Land

997 Grace Farm Dr Lutz, FL 33549

2.96 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 2.96 ac (128,938 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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