Lotus Path

Lotus Path

Mascotte, FL 34753

$325,000
Price
200,000 / 4.59
Lot Size / Acres

Pending

Pending

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Description

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...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.
  1. Listed by Brandie Mathison-Klein • KELLER WILLIAMS ELITE PARTNERS III REALTY
  2. Listed by Gustavo Ortiz • KELLER WILLIAMS ELITE PARTNERS III REALTY

Property Details for Lotus Path

Township
22
Waterfront
No

Location

Listing Courtesy of KELLER WILLIAMS ELITE PARTNERS III REALTY, Brandie Mathison-Klein; KELLER WILLIAMS ELITE PARTNERS III REALTY, Gustavo Ortiz
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LISTING UPDATED: 04/10/2024 03:16 PM

Property Details for Lotus Path

StatusPending
MLS #G5066833
Days on Market165
Taxes$3,568 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size4.59 AC
CountyLake County

Location

Listing Courtesy of KELLER WILLIAMS ELITE PARTNERS III REALTY, Brandie Mathison-Klein; KELLER WILLIAMS ELITE PARTNERS III REALTY, Gustavo Ortiz
Add your commute

Building Information for Lotus Path

Lot Size4.59 AC

Payment Calculator

$2,071 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,774

Property Taxes

$297

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for Lotus Path

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: From SR-50 traveling west from Groveland, turn right on Hibiscus Ave. When Hibiscus transitions to Lotus Path, you will see the property on the right side (north side) of Lotus Path.
  • Mls Major Change Type: Pending
  • Major Change Type: Pending
  • Listing Service: Full Service
  • Road Frontage Type: Access Road
  • Street Name: LOTUS PATH
  • State: FL
  • City: MASCOTTE
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Book Number: 70
  • Tax Legal Description: TBD prior to closing.
  • Tax Year: 2022
Property
Lot Information
  • Additional Parcels: No
  • Current Adjacent Use: Residential
  • Current Use: Mixed Use
  • Easements: North Side
  • Future Land Use: PUD-DM
  • Lot Features: Buildable, In City Limits, Level/Flat
  • Lot Size Dimensions: 468 x 482 x 241 x 275 x 128 x
  • Parcel Number: 10-22-24-0200-000-00500
  • Total Acreage: 2 to less than 5
  • Water Access: No
  • Water Extras: No
  • Lot Dimensions: 468 x 482 x 241 x 275 x 128 x
Property and Assessments
  • Flood Zone Code: X
  • Public Survey Range: 24
  • Public Survey Section: 10
Utilities
  • Sewer: None
  • Utilities: Electrical Nearby, Utility Pole, Water Nearby
  • Water Source: None
Interior and Exterior Features
Exterior Features
  • Fencing: Boundary Fencing
  • Front Footage: 468
  • Pool: None
  • Pool Private: No
  • Waterfront Feet Total: 0
Interior Features
  • Living Area Units: Square Feet
  • Water View: No

Property History for Lotus Path

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near Lotus Path

This home is within Lake.
Rating
School
Type
Grades
Distance
Groveland Elementary School
Public - PK to 5
Mascotte Elementary School
Charter - PK to 5
Gray Middle School
Public - 6 to 8
South Lake High School
Public - 9 to 12
Rating
School
Distance
Groveland Elementary School
PublicPK to 5

Mascotte Elementary School
CharterPK to 5

Gray Middle School
Public6 to 8

South Lake High School
Public9 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 descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KELLER WILLIAMS ELITE PARTNERS III REALTY, Brandie Mathison-Klein; KELLER WILLIAMS ELITE PARTNERS III REALTY, Gustavo Ortiz

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 04/10/2024 03:16 PM