UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Mayfield Acres Unrec
MLS Listing ID O6395290
HOA Y/N No
Annual Tax Amount $1,813
Lot Size 7.360 Acres
Acres 7.36
Lot Dimensions 331x979
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
The property features approximately 331 feet of road frontage and nearly 1,000 feet of depth, creating an ideal layout for a thoughtfully designed community with internal road circulation. A conceptual site plan envisions up to 28 homesites arranged around a private oval roadway with a dedicated entrance off S Leona Ave, incorporating infrastructure such as street lighting, centralized mail stations, and fire hydrant access.
The property is currently has a improved with an existing 3,600 SF residence and multiple structures with no contributory value and need to be demolished, offering flexibility for redevelopment or interim use. The land is partially cleared with mature trees providing natural privacy buffers, while the surrounding area reflects a mix of residential uses. The highest and best use is to capitalize on the existing mobile home zoning and meet the growing demand for affordable housing in the area.
Located in a rapidly growing area of Citrus County, the property benefits from strong population trends and increasing demand for attainable housing options. Additionally, the property is situated in Flood Zone X, minimizing flood risk concerns for future development.
This is a compelling opportunity for builders, investors, or developers seeking to unlock the full potential of a well-located, properly zoned development site.
Location
State FL
County Citrus
Community Mayfield Acres Unrec
Area 34461 - Lecanto
Zoning MDRMH
Exterior
Fence Partial
Utilities Available Electrical Nearby, Water Available, Water Nearby
View Y/N No
Water Access No
Exposure North
Building
Lot Description Buildable
Lot Size Range 5 to less than 10
Sewer Septic Needed
Water Well
Schools
Elementary Schools Forest Ridge Elementary School
Middle Schools Lecanto Middle School
High Schools Lecanto High School
Others
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6395290
NEARBY SCHOOLS & PROPERTIES
GET MORE INFORMATION