96.27 Acres in Spring Hill, FL - $3,900,000

Multi-Family - SPRING HILL, FL

This prime development opportunity spans approximately 96 acres,

priced at $3.9 million. It boasts future land use approved for one

dwelling per acre and has already received county pre-approval for

85-90 homes. At 85 homes, each lot would cost around $45,882. The

property is situated in a prime residential area surrounded by

developed neighborhoods and ongoing residential projects, making

it an attractive investment. One parcel fronts East Road, making it

ideal for residential development. Additionally, the property features

income-producing assets, including a parcel with three cottages, a

spacious 5,000 /- sqft single-family home, and a large 2,000 sqft

barn. Another parcel includes not one but two 2,000 /- sqft homes

and a versatile 40x40 two story garage with three bay doors.

Enhancing the property's appeal are two spring-fed lakes, adding

scenic value and potential recreational opportunities ...