$60,000
SOLD FEB 6, 2025

0 Magnolia Dr Lake City, FL 32024

5 Acres
$12,000 Price per Acre
217,800 Sq Ft Lot

Recently Sold

8% Below List Price

224 Days on Market

About This Lot

As of February 2025

Discover the Beauty of Suwannee County, Florida

Nestled in the heart of Suwannee County, Florida, this region is known for its rich natural beauty, serene rural charm, and strong sense of community. Suwannee County offers a peaceful lifestyle perfect for outdoor enthusiasts, with abundant opportunities for fishing, canoeing, and exploring stunning state parks. The area is characterized by its agricultural activities, making it suitable for various crops and livestock operations.

CALLING ALL INVESTORS, BUILDERS, OR DEVELOPERS IN SUWANNEE COUNTY!

Property Overview

This prime piece of real estate presents a unique opportunity for savvy investors or those looking to build their dream home. Located at 0 Magnolia Dr, Lake City, FL 32024, the property encompasses approximately 5 acres (subject to survey) of gently rolling terrain, featuring a mix of open fields and mature hardwoods. The well-draining sandy loam soil is ideal for various agricultural uses and landscaping. With AG (Agricultural) zoning, this property offers the flexibility to develop your vision while allowing for agricultural activities such as crop cultivation, forestry, and apiculture, subject to specific setbacks for structures housing domestic animals based on their numbers.

Property Features:

Folio Number: 17-05S-15E-01066-020900

Lot Size: 5 Acres

2023 Taxes: $423.00

Highest and Best Use: Agriculture/Residential Development

Zoning: AG (Agricultural)

No HOA or Deed Restrictions

Flood Zone: X (minimal flood risk)

Allowable Land Uses and Potential Uses

This property offers a variety of allowable land uses, including the processing and sale of on-site agricultural products, single-family dwellings, mobile homes, plant nurseries, community residential homes, and temporary housing for migrant farm workers under specified conditions. Additional permissible uses include churches, cemeteries, and schools.

The property also presents exciting potential for development, allowing you to build your custom dream home in a tranquil country setting, develop a small hobby farm or equestrian property, or create a private retreat with ample space for outdoor recreation.

Nearby Attractions and Activities

Just minutes from the historic Suwannee River, this property offers easy access to local state parks and a variety of recreational opportunities:

Natural Springs and Parks:

Ichetucknee Springs State Park: Crystal-clear waters perfect for tubing, kayaking, and swimming.

Lafayette Blue Springs State Park: Offers lovely cabins and swimming opportunities in a tranquil woodland setting.

Poe Springs Park: Affordable option with a beautiful spring for swimming and a nature walk boardwalk.

Outdoor Activities:

Hiking: Enjoy nature trails in nearby state parks, including Mill Creek Preserve in Alachua.

Camping: Rustic Oaks RV Park in O'Brien offers a relaxing stay under beautiful oak trees.

Boating and Fishing: The Suwannee River provides excellent opportunities for these activities, with a convenient boat ramp available in Branford.

Events and Entertainment:

Suwannee River Jam: A music festival in Live Oak featuring indoor and outdoor stages, camping facilities, and various eateries.

Spirit of the Suwannee Music Park: A venue hosting various events and recreational activities.

Adventure Activities:

Last Agent to Sell the Property

Tina Marie Eloian

FLORIDA COMMERCIAL GROUP Brokerage Phone: 813-935-9600 License #653748 Listed on: 06/25/2024

Last Buyer's Agent

Tonya Hammond

HAMMOND & ASSOCIATES License #403770

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $423

Lot Details

  • 5 Acre Lot
  • 1 Ft Wide Lot
  • Dirt Road
  • Property is zoned AG

Utilities

  • Well Required
  • Septic Needed

Listing and Financial Details

  • Legal Lot and Block 90 / 1
  • Assessor Parcel Number 17-05S-15E-01066-020900

Property Details

Property Type

Land

Est. Annual Taxes

$423

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 5
  • Lot Size Sq Ft: 217800
  • Directions to Property: Take I-75 North, exit on county Rd 441 and take west, turn left on county rd 27, turn right on Sandhill Rd, turn left on 224th St, turn right on Magnolia Dr. Property will be on your right.
  • Status: Sold
  • Ownership: Other
  • Escrow State: FL
  • List Office Head Office Key Nume: 1057182
  • RATIO Current Price By Calculate: 0.28
  • Total Acreage: 5 to less than 10
  • Water Access YN: 0
  • Attribution Contact: 813-935-9600
  • Tax Year: 2023
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet

Exterior Features

  • Waterfront: No
  • Road Surface Type: Dirt
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2007-09-28
  • Flood Zone Panel: 12121C0415B
  • Price Per Acre: 12000

Utilities

  • Utilities: Other
  • Sewer: Septic Needed
  • Water Source: Well Required

Condo/Co-op/Association

  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: AG
  • Parcel Number: 17-05S-15E-01066-020900
  • Additional Parcels: No
  • Current Use: Agricultural
  • Lot Dimensions: 1
  • Flood Zone Code: X
  • Lot Size Square Meters: 20234

Tax Info

  • Tax Annual Amount: 423
  • Tax Block: 1
  • Tax Book Number: 1
  • Tax Lot: 90

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2025 02/06/25 Sold $60,000 -7.7% --
06/25/2024 06/25/24 For Sale $65,000 -- --
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: T3536989

Stellar MLS