Property Photos
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  • MLS#: 812668 ( Land )
  • Street Address: 1 Fitzgerald Way
  • Viewed: 112
  • Price: $3,850,000
  • Price sqft: $
  • Waterfront:
  • Wateraccess:
  • Waterfront Type: LakeFront,Waterfront
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 52
  • Additional Information
  • Geolocation: 28.8333 / -82.2868
  • County: CITRUS
  • City: Inverness
  • Zipcode: 34450
  • Subdivision: Not On List
  • Elementary School: Inverness Primary
  • Middle School: Inverness
  • High School: Citrus
  • Provided by: Century 21 J.W.Morton R.E.
  • REALTOR® Association of Citrus County
  • DMCA Notice
  • Description
    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).
Property Features
Possible Terms
  1. Cash
  2. Conventional
Waterfront Description
  1. LakeFront
  2. Waterfront
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Covered Spaces
  1. 0.00
Garage Spaces
  1. 0.00
High School
  1. Citrus High
Insurance Expense
  1. 0.00
Legal Description
  1. 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
  2. THS 530 FT FROM 1/4 SEC COR BETW SECS 8 & 9 E TO POB
  3. TH S 66DEG 18M W 538.5 FT TO LK TSALA APOPKA
  4. TH SE'LY AROU ND LK TO MEANDER COR ON SEC LN
  5. 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
  6. TH S 1 DEG 33M W AL LT LNBETW GL 8 & 5 BEING SEC LN BETW SECS 8 & 9 693 .6 FT
  7. 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
  8. TH S 68 DEG 0M 40S W PAR T O SD N BDRY 324.34 FT MOL TO LK TSALA APOPKA
  9. TH N 16 DEG 21M 40S W AL LK 150.73 FT TO PT ON SD N BDRY
  10. TH N 68 DEG 0M 40S E AL SD N BDRY 507.43 FT MOL TO PT ON LT LN
Living Area
  1. 0.00
Lot Features
  1. Acreage
  2. Flat
Middle School
  1. Inverness Middle
Area Major
  1. 07
Net Operating Income
  1. 0.00
Occupant Type
  1. Vacant
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 1731194
Possession
  1. Closing
Possible Use
  1. ManufacturedHome
  2. MultiFamily
  3. Recreational
  4. SingleFamily
Property Type
  1. Land
School Elementary
  1. Inverness Primary
Sewer
  1. SepticTank
Tax Year
  1. 2021
The Range
  1. 0.00
Trash Expense
  1. 0.00
Views
  1. 112
Water Source
  1. Public
Zoning Code
  1. LDR
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