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Gelfand Realty Miami Properties for Sale - Other Land for Sale

1115 BASKET LK, AVON PARK, FL 33825

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Other Land - BASKET LAKE GROVES SEC 17 for Sale

1115 BASKET LK, AVON PARK, FL 33825

Asking Price$3,051,295

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  • Days on market:

    63 day(s)

  • Original Price:

    $3,051,295

  • Tax Legal Description:

    BASKET LAKE GROVES IN 17-34-29 TB PG 5-88/TRAILER FARM LOT 8-LESS RR R/W (BASKET LAKE 88 BLOCK)

  • Tax Year:

    2024

  • Property Type:

    Land

  • View:

    Water

  • Special Listing Conditions:

    None

Description

$3,051,295

102+-acres prime lake view residential development land with medium density residential land use preserving your entitlements when ready and ag zoning to keep your taxes down in the meantime! water & sewer nearby. paved roads(powerline rd) along the north properties and arbuckle creek rd along the south properties with lakefront multi-family apartment complexes & lakefront communities on the other side of road also utilities servicing these adjacent developments ensures your potential ease of development. development proforma metrics if one rezones for simply 3 units pr acre the cost pr lakeview unit would only be $9,967 pr unit but most would certainly shoot for 1/3 multi-family to match the dinner lake adjacent use bringing this to potentially only $5,264 pr unit well under what other's have recently appraised for. don't miss out on this before it is sold!

Similar Properties in this Area

$3,500,000

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