Active

$688,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • sq ft
Overview
  • ID: MFRG5114058
  • Bedrooms:
  • Bathrooms: 0
  • Size: sq ft
Property Details
Remarks
"11.6 acres total with Spring-fed lakefrontage: a Town + Country Lifestyle + income opportunity! Location, location, location- This property is nestled between all the modern conveniences, within 8 minutes to Harbor Hills and 15 minutes to the Villages, Hospital + specialty doctors, veterinarians, etc! Enjoy. Easy access to the World Equestrian Center, Grand Oaks Resort, and the Chain of Lakes will be at your back door. On the larger 1st parcel, 9.58 acres, savor the no-flood elevation 145 feet above sea level, storm security, high and dry land. This lovely higher elevation, with future potential for permaculture and Agricultural income, on a regenerative wooded retreat estate land, then gently slopes to provide lake access via the 2nd parcel, measured by Lake County appraisers at full 2.01 acres on spring-fed Lake Hiawatha, with .5 acre lakefrontage above the current waterline. Zoned R1 it allows for a huge private dock, after the main residence is permitted + complete. In phases, a master plan of a huge Barn and Dock is each allowed in sequential permits from the Lake County Building Dept. Interested serious buyers may see all on the official Lake County, FL website's parcel topo layers overlay. The highest and best use for a private Estate with Agri income plus tax advantages can be for the owners with successful development for a residential homesteaded permaculture Farm Estate compound, with a maximum impervious area allowing for over 120,000 square feet of building foundations + driveways! Simply stated, the asking price will increase to 1.495 million dollars after the owner finishes the modern barndominium residence, and then after the Barn, the price will increase based on the valuation of the agriculture income valuation biz plan potential at $120k net annually, and the Dock in progressive growth phases. Plus vertical building code allows up to three stories of a truly impressive modern Town + Country Residential Retreat, building potential, then also including one accessory building such as a huge barn, studio/ workshop building, and a meditation private dock. For example current owner has planned after phase 1 a modern barndominium residence, then phase 2 large large hydroponics Barn could community co-op for more agricultural income.) For the largest internal square footage, an owner could start with a lovely standard three-story core residence, and the homeowner-builder developer can continue to grow by adding wings with connected roof lines over the course of time if desired. Current owner has a passion for permaculture restorative, regenerative Food Forest agricultural use, and Lake County Zoning Dept, A large modern Barndominium building, starting January 2026, wind-rated metal building Best highest and best use can be agricultural on 9 acres with rain watered hardy rosemary, basil, and mint and palms, keeping the natural oak hammocks microclimates under canopy and open glades, privacy and permaculture as natural regenerative rainwater with agricultural tax exemption applied for and wholesale income phase 1, phase 2 executive biz plan for a higher net income hydroponics.
Financial Considerations
Price:
$688,000
HOA Fee:
N/A
Tax Amount:
$3333.73
Price per SqFt:
$1.36
Tax Legal Description:
THE NORTH 341.50 FEET OF THE SOUTH 1/2 OF THE SOUTHWEST 1/4 OF THE NORTHWEST 1/4 OF SECTION 26 TOWNSHIP 18 SOUTH RANGE 24 EAST--LESS NORTH 20 FEET FOR ROAD RIGHT OF WAY-- ORB 5961 PG 329 the 2nd parcel , THE EAST 300 FEET OF THE SOUTH 1/2 OF THE NORTH 1/2 OF THE SOUTHWEST 1/4 OF THE NORTHWEST 1/4 OF SECTION 26 TOWNSHIP 18 SOUTH RANGE 24 EAST LYING SOUTH OF LAKE HIAWATHA--LESS SOUTH 30 FEET FOR ROAD RIGHT OF WAY-- ORB 5961 PG 329
Exterior Features
Lot Size:
505296
Lot Features:
Buildable, Sloped, Unincorporated, Wooded
Waterfront:
Yes
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:
West
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    0 SOUTH LAKE HIAWATHA DRIVE
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