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Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Lot size
4.36 acres
4.36 acres | 18 Platted (.25 Acre Each) SFR Addressed Lots | Portfolio Sale | This offering presents the opportunity to acquire eighteen platted residential lots within Inverness Village Unit 3 in Inverness, Florida, positioned directly behind the recently completed Clearwood Street development. The adjacent corridor has already demonstrated proven builder absorption and validated end-buyer demand, with new construction homes achieving sales in the mid-$330,000 range and twenty-two lots acquired in a bulk transaction by a national homebuilder. The portfolio is offered for $227,000 and represents the next logical phase of development within a proven residential submarket. Public water and sewer capacity has been confirmed by the City of Inverness, with new hydrants and lift stations installed to serve the adjacent Clearwood buildout. While the roadway is currently unpaved and individual lot connections have not yet been completed, these conditions are reflected in the pricing and create a value-driven entry point for builders seeking scalable inventory at a lower land basis. Zoned LD/R1 (Low Density Residential), the lots are fully platted and positioned for phased single-family construction consistent with surrounding development. The combination of verified nearby sales, confirmed utility capacity, and municipal cooperation provides a compelling development platform for production builders, regional operators, or investors pursuing a controlled residential rollout strategy. Investment highlights: 18 Platted Residential Lots Offered as One Portfolio | Proven Exit Values with New Construction Sales | New Hydrants and Sewer Lift Stations Installed at End of Road | Adjacent to Clearwood Street Development | Public Water and Sewer Capacity Confirmed by City of Inverness | City Indicated Cooperation with Shared Roadway/Infrastructure Assessments
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Wooded, Level, Other
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Lot Size(acres)
4.36
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Lot Size(square feet)
189,910
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Property Type
Land
Price
-
Sales Price
$227,000
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Tax Amount
$138.23
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Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Inverness Primary School
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Middle School
Inverness Middle School
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High School
Lecanto High School
Property Features
-
Ownership
Fee Simple
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Sewer
Public Sewer
-
Tax Lot
43
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Water Source
Public, See Remarks
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Location
County
Citrus
Elementary School
Inverness Primary School
Middle School
Inverness Middle School
High School
Lecanto High School
Listing Courtesy of Walter Penachio , PALM LIFE REALTY
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Business Coach | Executive Sales Associate | Realtor®
Michael Graf
Call Michael today to schedule a private showing.
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