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37800 Illinois St - The Villages - Lake Griffin Land
146 Acres of Residential Land Offered at £7,355,030 in Lady Lake, FL 32159
Investment Highlights
- Incredible frontage on Lake Griffin
- Multiple Development Opportunities - Single Family, Multi-Family, Resorts
- Navigable waters from Orlando to Jacksonville & the Atlantic Ocean
- Centrally located near The Villages & Florida Attrractions
Executive Summary
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
| Price | £7,355,030 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 146.00 AC |
| Price | £7,355,030 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 146.00 AC |
1 Lot Available
Lot
| Price | £7,355,030 | Lot Size | 146.00 AC |
| Price Per AC | £50,377 |
| Price | £7,355,030 |
| Price Per AC | £50,377 |
| Lot Size | 146.00 AC |
Description
Existing structures include a horse barn, a covered pavilion, horse paddocks, picnic/event area, a boat ramp, and rv hook-ups. The onsite residence could serve as a manager's or owner's home or a clubhouse. All existing structures are not valued in the price as it is anticipated that they will be demolished or incorporated into a new development. Recreational opportunities are boundless with potential for tennis and pickleball courts, swimming pools, spas & varieties of volleyball, croquet, soccer, board & other outdoor games. An equestrian community with homes and pastures is another possibility. Large acreage opportunities like this in The Villages area with so much direct water frontage on Lake Griffin are very rare.
zoning
| Zoning Code | Non-AG & SF (One acre is Single Family. The rest is rural non-ag.) |
| Non-AG & SF (One acre is Single Family. The rest is rural non-ag.) |
Contacts
-
Thomas Hammond -
J. Patrick Shores -
Brady Hammond -
Coldwell Banker Vanguard Realty
Presented by
37800 Illinois St - The Villages - Lake Griffin Land
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