15815 Old Us Hwy 441 Tavares, FL 32778-5005

This exceptional 9.73-acre parcel in Tavares, Florida, presents a unique multifamily development opportunity. Located on Old US Hwy 441, it boasts 560 feet of frontage on both the highway and Lake Saunders. Zoned for 240 apartment units, this property offers the only remaining large-scale development site on Lake Saunders, allowing for a garden-style multifamily complex. The site includes approximately 8.88 acres of uplands and direct lake access via a dock and boat ramp. Situated between Mount Dora and Tavares, this location benefits from its proximity to the Lake County seat and the historic downtown of Mount Dora. The area is experiencing rapid growth, fueled by its desirable location between Orlando and The Villages, and enhanced by the recently completed extension of the 453/429 Tollway, providing quick access to Orlando. Much of the pre-development site assessment work has already been completed, streamlining the development process. The combined parcels are being sold as one, presenting a compelling investment opportunity in a thriving residential market. The property's APN is 27-19-26-0500-000-00102. The asking price is $3,980,000.