Lotus Path Mascotte, FL 34753
Under contract-accepting backup offers. The Hibiscus Reserve project already has a Future Land Use designation for Planned Unit Development - Downtown Mixed Use (PUD-DM), which allows for a variety of uses and a density of 12 dwelling units per acre. With 4.5+ high and dry acres that could mean up to 54 units. This parcel is right off of SR-50, a major growth corridor, with the current 2-lane road expanding to a 4-lane that will run from I-75 east past Mascotte and Groveland. With SR-33 just a couple of miles up the road, Mascotte is ideally positioned for growth. Mascotte has seen 18.25% in population growth over the last few years with developments from national builders like Maronda Homes, KB Homes, Richmond America, and LGI Homes popping up all over town. With such a shortage of affordable housing options, small towns like Mascotte that are situated so close to larger town centers like Clermont, new housing developments are a welcome addition to the community. The property has already been cleared with easy access to SR-50 via Hibiscus Ave and Palmwood Ave. The only thing left is to entitle it and develop the property for a multifamily or mixed use project.
- Property TypeLand
- NeighborhoodN/A
- CountyLake
- Taxes$3,568
- HOA/Condo/Coop Fees$0
- Days on Site42 Days
- MLS StatusPending
- MLS ID NumberG5066833
- Home Size Source N/A
- Year BuiltN/A
- Lot Size4.5 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Sewer None
- Acreage 4.5
- Water None
- Ownership Fee Simple
- Parcel Number 10-22-24-0200-000-00500
Exterior Features
- Waterfront Property No
- Lot BuildableCity LimitsLevel
Community Features
- Township 22
- MLS Area 34753 - Mascotte