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Key Details
Sold Price $3,868,000
Property Type Vacant Land
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Fla Dev Co Sub
MLS Listing ID O6059756
Sold Date 07/10/24
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Annual Tax Amount $16
Lot Size 8.320 Acres
Acres 8.32
Lot Dimensions 583x590x586x620
Property Description
Sand Hill Crossings offers a developer 8.32+/- acres of Prime Real Estate in the fastest growth corridor of Polk County known as Davenport, FL. Opportunity presents a developer per Polk County Zoning varieties of Mixed usages from Storage, Restaurants, Hotel, Drive-thru, Pre-School, Medical, Office Park, etc. Polk County has seen the job market increase by 3.9% over the last year. S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 19.2% annual gain in January – up from 18.9% in the previous month. National Track home builders such as Cassidy Homes, Lennar, DR. Horton, Pulte, Hanover, Park Square are acquiring and developing land throughout the corridor of HWY 27. Cassidy Homes has accumulated thousands of acres between Haines City & Davenport surrounding the 8.32+/acres. DR Horton community Feltrium Reserve currently selling entry level townhomes at $189K+. Cassidy also has nearly 3,000-homes in the works at the Crosswinds, which covers 603 acres and would eventually add 444 townhomes and 2,646 single-family homes to what is now vacant agricultural land. D.R. Horton says it will have homes there in the winter of 2023. New Developments are on the Rise as land is becoming scarce as the demand for homes in Florida continue to outpace developer’s inventory. Land sales are the highest and breaking records with bidding wars from developers across Florida and the globe. Rare opportunity to acquire one the fewest mixed-use pieces with over 600’ feet of frontage on HWY 27 abutting all the newest rising home developments.
Location
State FL
County Polk
Community Fla Dev Co Sub
Zoning RC
Exterior
Utilities Available Electrical Nearby, Water Available
Waterfront false
Building
Lot Description Corner Lot, In County
Lot Size Range 5 to less than 10
Sewer Public Sewer
Water None
Construction Status Inspections
Others
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Membership Fee Required None
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with STELLAR NON-MEMBER OFFICE