Active

$7,496,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • sq ft
Overview
  • ID: MFROM716776
  • Bedrooms:
  • Bathrooms: 0
  • Size: sq ft
Property Details
Remarks
Presented for acquisition is a rare, high-and-dry ±368-acre land assemblage with three points of legal road access in Citrus County, Florida, strategically positioned within the Tampa–St. Petersburg MSA—one of the nation’s fastest-growing regions with over 3.3 million residents. Citrus County continues to capture value-driven in-migration as growth expands north from Tampa. The property offers strong regional connectivity, located minutes from Crystal River, Lecanto, Homosassa, Inverness, and the Ocala MSA. Access is further enhanced by the recently extended Suncoast Parkway, a $180 million state investment now reaching CR 486 with planned continuation toward US-19, placing the final expansion corridor near the site. Zoned RUR/MH, the assemblage sits between higher-density growth corridors and surrounding agricultural and conservation lands. The site includes 41 previously platted single-family lots averaging ±1.5 acres, providing near-term monetization potential. Remaining acreage supports residential development at one unit per ten acres, with density increases to one unit per five acres achievable through a Planned Unit Development (PUD). Permitted uses include single-family residential, agricultural operations, and water and wastewater utility facilities, with additional conditional uses such as assisted living, attached housing, communications infrastructure, and community-serving facilities—significantly expanding development optionality. Citrus County is actively advancing comprehensive plan updates under its 2050 Vision, transitioning away from legacy DRI structures toward expanded Public Service Areas and flexible development agreements. Additionally, the Florida Live Local Act offers a compelling entitlement-acceleration pathway, allowing limited workforce or affordable housing components to unlock zoning certainty, density flexibility, and compressed approval timelines. This offering represents a high-conviction land-banking and entitlement-arbitrage opportunity, combining near-term lot sales with mid-term entitlement upside and long-term value creation driven by infrastructure investment and sustained regional growth.
Financial Considerations
Price:
$7,496,000
HOA Fee:
N/A
Tax Amount:
$852.75
Price per SqFt:
$7.31
Tax Legal Description:
Parcel Id: 18E17S20 32000; Owner Donna A Posa, Address: 4514 W Gina Marie Ln, Dunnellon, Florida 34433 (19.88 Acres) Parcel Id: 18E17S29 14000; 18E17S30 12100; Owner SAAI, Inc. 7759 N Freemantle Way, 5190 W Fusco Lane, Dunnellon, Florida 34433 (348 Acres).
Exterior Features
Lot Size:
1024852
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
N/A
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
N/A
Style:
N/A
Year Built:
N/A
Construction Type:
N/A
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    7759 N FREEMANTLE WAY
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