0 Mediterranean Dr Poinciana, FL 34759

This exceptional 8.5-acre parcel in Kissimmee, Florida, presents a remarkable investment opportunity. Zoned Residential Low (RL-4x), this undeveloped land is ideally situated within the Toho Water Authority service area, ensuring convenient access to water and wastewater lines. Approved for the construction of 21 oversized single-family detached homes, this property offers significant development potential. The site boasts densities up to 5 dwelling units per acre and permits for subdivision, farming, and Class I utilities. The surrounding area showcases substantial recent growth, with over 50 new homes within a 1-mile radius, over 250 within 3 miles, and over 600 within a 5-mile radius, indicating a strong and expanding market. Conveniently located near Lake Marion, medical facilities, major retail centers like Walmart, Southport Plaza, and Poinciana Lakes Plaza, restaurants, schools, and world-renowned attractions such as Disney and Universal Studios, this property benefits from exceptional accessibility and high demand. The average household income within a 3-mile radius exceeds $72,000, and the total population within a 5-mile radius surpasses 60,000, underscoring the robust market potential. The address is 0 Mediterranean Drive, Kissimmee, FL 34759. Asking price: $650,000.