37500 St Louis Ave Umatilla, FL 32784

This exceptional 92-acre commercial land parcel presents a unique investment opportunity in Umatilla, Florida, within Lake County. Priced at $2,995,000, the property boasts significant development potential due to its R-6 zoning, allowing for up to six dwelling units per acre, totaling a maximum of 342 units based on the approximately 57 acres of upland area. The land includes substantial lake frontage on both Lake Bracy and Lake Smith, creating prime lakefront lots. The upland portion, a former orange grove, drains well and offers excellent building conditions. This expansive property is situated in a dynamic area experiencing significant growth in both transportation infrastructure and new residential development. The total acreage includes lakes, providing a diverse landscape and potential for various development strategies. The property's location in unincorporated Lake County offers additional advantages for investors seeking a prime location with high development potential. This is a rare opportunity to acquire a large-scale commercial land parcel with exceptional lakefront access and significant upside potential in a rapidly growing area of Florida.