CR 466A Miller Blvd The Villages, FL 32163
Exceptional investment opportunity: 60± acres of PUD-entitled land in The Villages, Florida (APN: 051924000300007300). This prime location on Miller Boulevard (CR 466A) is zoned for up to 900 residential units, catering specifically to the 55+ demographic. All Continuing Care Retirement Community (CCRC) uses are permitted, allowing for a diverse range of housing options including single-family attached and detached homes, duplexes, and multi-family buildings. The Master Development Agreement adheres to R-15 zoning, permitting up to 15 dwelling units per acre. Infrastructure is well-established, featuring a gravity sewer system connected to a lift station, ensuring efficient wastewater management. Convenient access is provided by a full median opening on Miller Boulevard with left-turn access in both directions. This property presents a unique chance to develop a thriving senior living community adjacent to the established and highly desirable Villages area. The asking price is $12,000,000. The property is located in Fruitland Park, FL, zip code 32163.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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Property description
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