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$3,622,000
0 Fitzgerald Way, Inverness, FL 34450
0 Beds
0 Baths
n/a SqFt

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This is a waterfront development opportunity you won't want to miss! With 70.3 waterfront acres, central water and sewer available. 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).
  • Price:
  • $3,622,000
  • Acreage:
  • 70.30
  • Listing ID #:
  • 812668
  • Street Address:
  • 0 Fitzgerald Way
  • City:
  • Inverness
  • State:
  • Florida
  • Postal Code:
  • 34450
  • County:
  • Citrus
  • Community:
  • 07
  • Subdivision:
  • Not On List
  • Listing Status:
  • Active
  • Listing Type:
  • Land
3
out of 5

Inverness Primary School
Public
School Grade Level PRESCHOOL-5
School Students 700 students
School Teachers 13 student/
teacher
3
out of 5

Inverness Middle School
Public
School Grade Level 6-8
School Students 1086 students
School Teachers 15 student/
teacher
3
out of 5

Citrus High School
Public
School Grade Level 9-12
School Students 1451 students
School Teachers 16 student/
teacher
  • Conforms To Zoning:
  • Ldr
  • Lot Features:
  • Acreage, Flat
  • Lot Frontage:
  • Lakefront
  • Lot Size:
  • 70.3
  • Lot Square Footage:
  • 3062236
  • Road Type:
  • Paved
  • Suitable Use:
  • Manufactured Home, Multi-Family, Recreational, Single Family
  • Days On Market:
  • 183
  • Originating Mls:
  • Citrus
  • Previous Listing Price:
  • 3697000
  • Terms:
  • Cash, Conventional
  • Cross Street:
  • Gospel Island Road
  • Subdivision:
  • Not On List
  • Property Taxes:
  • $7,147
  • Tax Year:
  • 2021
  • Existing Water:
  • Public
  • Sewage Type:
  • Septic Tank
  • Waterfront:
  • Yes
  • Waterfront Description:
  • Lake Front, Waterfront
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Century 21 J.W.Morton R.E.
  • FLCITRUS

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