0 Crk 505 Wildwood, FL 32785
This exceptional 16.48-acre parcel presents a remarkable opportunity for multifamily development in Wildwood, Florida, conveniently located near The Villages. Boasting R-4 zoning, this land allows for a high-density residential project, with potential for up to 12 units per acre. The property's strategic location offers easy access to the amenities and vibrant community of The Villages, a significant draw for potential residents. All necessary infrastructure is in place, with readily available water and sewer connections, eliminating significant upfront development hurdles. The site is ready to accommodate your site plan, allowing for immediate commencement of your project. This is a turnkey opportunity for developers seeking a prime location with established infrastructure and high potential for return on investment. The asking price for this exceptional property is $4,200,000. The property is located at CR 505, Wildwood, FL 32785, in Sumter County. This is a rare chance to acquire a substantial land holding in a high-growth area, poised for significant appreciation. The zoning and infrastructure make this an ideal location for a multifamily development project. Don't miss this chance to secure a prime piece of real estate in a thriving Florida community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty description
Physical attributes from public recordsZoning & alternative use
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Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.