1 Fitzgerald Way

Inverness, FL 34450

$3,300,000
Last Sold Price
3,062,268 / 70.3
Lot Size / Acres
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Closed 11/16/23
Closed 11/16/23

Description

This is a waterfront development opportunity you won't want to miss! With 70.3 waterfront acres, central water and sewer available nearby. and a prime location within Inverness City Limits! There is nearly 3500’ of waterfront on Little Lake Henderson, part of the 22 mile long chain of interconnecting lakes known as Lake Tsala Apopka. Lake Henderson is a 422 acre pristine waterway with a depth of 12'. The property offers 57.48 acres of Net Usable Uplands and 12.82 acres of pristine wetland preserves,...This is a waterfront development opportunity you won't want to miss! With 70.3 waterfront acres, central water and sewer available nearby. and a prime location within Inverness City Limits! There is nearly 3500’ of waterfront on Little Lake Henderson, part of the 22 mile long chain of interconnecting lakes known as Lake Tsala Apopka. Lake Henderson is a 422 acre pristine waterway with a depth of 12'. The property offers 57.48 acres of Net Usable Uplands and 12.82 acres of pristine wetland preserves, and natural springs. Located inside the LDR1 zoning district of City Limits of Inverness, FL, this zoning allows for up to 5 units/acre (8,500 sf minimum lot and an impervious coverage ratio of 40%, 25% Building Allowance) with a minimum of 1,000 sf of living area. Permissible building types in the LDR1 zoning district include Single Family Detached, Single Family Attached and Multifamily Duplex. Estimated unit density at the subject property with compliance in the LDR1 zoning district could yield a potential of 287 units priced at just $13,560/unit of density, pending municipal approval. Centrally located just 1.4 miles drive time from Historical Downtown Inverness, City Hall, Citrus County CourtHouse, Liberty Park, Wallace Brooks Park and Rails To Trails Recreation Path (46 miles in length). Neighboring cities include Lecanto (11.2 miles), Beverly Hills (13.3 miles), and Inverness (1.4 miles).
  1. Listed by Elias G Kirallah • Brokerage DRE #213829 • Century 21 J.W.Morton R.E.
    P: (352)-726-6668 C: (352)-400-2635 elias@eliasgeorge.com

Property Details for 1 Fitzgerald Way

Subdivision Name
Not on List
Waterfront Features
Lake Front, Waterfront
Has Waterfront
Yes
Zoning
LDR
LISTING UPDATED: 11/16/2023 05:33 PM

Property Details for 1 Fitzgerald Way

StatusClosed
MLS #812668
Days on Market393
Taxes$7,147 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeLand
MLS TypeLand / Unimproved Land
Year Built-
Lot Size70.30 AC
CountyCitrus County
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Location

Listing Courtesy of Century 21 J.W.Morton R.E., Elias G Kirallah

Sold By Century 21 J.W.Morton R.E., Elias G Kirallah

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Building Information for 1 Fitzgerald Way

Lot Size70.30 AC

Payment Calculator

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$17,040 per month

30 year fixed, 6.36% Interest

Principal and Interest

$16,444

Property Taxes

$596

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1 Fitzgerald Way

Summary
Location and General Information
  • Cross Street: Gospel Island Road
  • Directions: Located on Fitzgerald Way, right off Gospel Island in Inverness, FL
  • Latitude: 28.849397
  • Longitude: -82.320594
  • MLS Area Major: 07
Taxes and HOA
  • Has Additional Parcels: No
  • Has Association: No
  • Parcel Number: 1731194
  • Tax Annual Amount: $7,147.44
  • Tax Legal Description: GL 4 & GL 5 LESS E 721 FT IN SEC 9 & GL 7 IN SEC 8 & GL 8 INSEC 8 LESS FOL: BEG AT CONC MON IN LT LN BETW GL 8 & 5, THS 530 FT FROM 1/4 SEC COR BETW SECS 8 & 9 E TO POB, TH S 66DEG 18M W 538.5 FT TO LK TSALA APOPKA, TH SE'LY AROU ND LK TO MEANDER COR ON SEC LN, TH N 558.5 FT AL SD SEC LN TO POB &EXC LOT 2 ROMAN SPRINGS UNREC SUB & PT OF GL 8 D ESC AS: COM AT 1/4 SEC COR BETW SECS 8 & 9, TH S 1 DEG 33M W AL LT LNBETW GL 8 & 5 BEING SEC LN BETW SECS 8 & 9 693 .6 FT, TH S 68 DEG 0M 40S W PAR TO N B DRY OF LANDS DESC IN DB 88 PG 364 132.53 FT TO POB, TH S 68 DEG 0M 40S W PAR T O SD N BDRY 324.34 FT MOL TO LK TSALA APOPKA, TH N 16 DEG 21M 40S W AL LK 150.73 FT TO PT ON SD N BDRY, TH N 68 DEG 0M 40S E AL SD N BDRY 507.43 FT MOL TO PT ON LT LN
  • Tax Year: 2021
School Information
  • Elementary School: Inverness Primary
  • High School: Citrus High
  • Middle Or Junior School: Inverness Middle
Virtual Tour
Property
Lot Information
  • Frontage Type: Lakefront
  • Lot Features: Acreage, Flat
  • Lot Size Acres: 70.3
  • Lot Size Area: 70.3
  • Lot Size Units: Acres
  • Lot Size Square Feet: 3062236.0
  • Road Surface Type: Paved
Property and Assessments
  • Possible Use: Multi Family, Mobile Home, Recreational, Single Family
  • Property Sub Type: Unimproved Land
  • Property Type: Land
  • Universal Property Id: US-12017-N-1731194-R-N
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Bathrooms Total Integer: 0
Rental
Rent Information
  • Has Lease Considered: No

Property History for 1 Fitzgerald Way

DateEvent & SourcePriceAppreciation
Nov 16, 2023

Sold

REALTORS Association of Citrus County #812668

$3,300,000—
Jun 19, 2023

Pending

REALTORS Association of Citrus County #812668

—
May 22, 2022

Listed (Active)

REALTORS Association of Citrus County #812668

$3,892,000—
DateEvent & SourcePrice
11/16/2023

Sold

REALTORS Association of Citrus County #812668

$3,300,000
06/19/2023

Pending

REALTORS Association of Citrus County #812668

—
05/22/2022

Listed (Active)

REALTORS Association of Citrus County #812668

$3,892,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 1 Fitzgerald Way

This home is within Citrus.
Rating
School
Type
Grades
Distance
Inverness Primary School
Public - PK to 5
Inverness Middle School
Public - 6 to 8
Citrus High School
Public - 9 to 12
Citrus Virtual Instruction (Course Offerings)
Public - K to 12
Rating
School
Distance
Inverness Primary School
PublicPK to 5

Inverness Middle School
Public6 to 8

Citrus High School
Public9 to 12

Citrus Virtual Instruction (Course Offerings)
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Century 21 J.W.Morton R.E., Elias G Kirallah

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.