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$ 1,175,000
Est. payment /mo
Price Dropped by $25K
11987 S US Hwy 301 Belleview, FL 34420
5.77 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12284779
Annual Tax Amount $533
Tax Year 2023
Lot Size 5.770 Acres
Lot Dimensions 328X770X330X763
Property Sub-Type Land
Property Description
Two manufactured housing development projects in fast-growing Marion County, just minutes from The Villages, offered together for $2.495M 80 planned double-wide homesites on 15.77 acres across Belleview and Summerfield, FL At pro forma $700 lot rent and a 5.5% cap, a stabilized 80-pad portfolio here supports an estimated value of ~$8MBelleview project: 31 pads at 11987 S US Hwy 301, Belleview, FL 34420 - PMH-zoned, fully entitled, shovel-ready with signed permits, public water/sewer, Duke Energy, strong US-301 frontage, plus an existing ~1,500 sq ft home ideal for future clubhouse/sales office. Summerfield project: 49 pads at 9345 SE 140th Pl, Summerfield, FL 34491 - 10 acre cleared site with public utilities, PMH-zoned and concept plan approved, near US-441 and The Villages Ground-up development with upside beyond a typical stabilized community; sites are ~10 minutes apart for shared crews, staging, home orders, and management to reduce per-pad construction and operating costs, with a natural phased strategy to stabilize Belleview first and, potentially refinance it to help fund infrastructure and home rollout at Summerfield Flexible exit: land-lease, home sales, and/or rentals Contact listing agent for the full OM; access by appointment only-do not disturb sites or neighbors.
Location
State FL
County Other
Area Out Of Area South
Zoning OTHER
Interior
Fireplace N
Exterior
Utilities Available Electric to Site
Building
Dwelling Type Land
Water Community Water
Others
Ownership Fee Simple
Special Listing Condition None
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Listed by Jon Fisher of MR. LANDMAN
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