NOT LISTED FOR SALE
0.7 Acre
-- Price per Acre
30,492 Sq Ft Lot

Sale Details

Date Sold: July 3, 2025

Last sale price $45,000 $51 Per Sq Ft

38 Days on Market

About This Lot

As of July 2025

MULTI-FAMILY WITH OWNER FINANCING AVAILABLE! Rare opportunity for multi-family use! This spacious and versatile lot offers a unique opportunity for two units with rental income potential. Zoned for residential use, the property can accommodate two homes, making it ideal for investors or families looking to build a multi-generational setting. The lot is adorned with beautiful mature oak trees that provide the perfect canvas for your home(s). The location ensures strong rental demand, offering a steady stream of income for potential landlords. Utilities are readily accessible, and the lot is conveniently situated near schools, parks, shopping centers, and public transportation. Whether you're looking to create a residential compound or build a lucrative rental portfolio, this lot offers endless possibilities for growth and long-term value. INVESTORS WELCOME, RARE OPPORTUNITY IN HERNANDO COUNTY. Replace 2 existing units within 12 months to retain multi-family status.

Last Agent to Sell the Property

Melinda Grimes

Bridge Point Business Real Est License #3342272 Listed on: 05/12/2025

Last Buyer's Agent

Tammy Widmer

Tropic Shores Realty LLC License #3446524

Tropic Shores Realty LLC
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Property Details

Property Type

  • Land

Lot Details

  • 30,492 Sq Ft Lot
  • Property fronts a county road
  • Chain Link Fence
  • Wooded Lot
  • Property is zoned PDP (MF), Planned Development Project-Multi Family

Schools

  • Eastside Elementary School
  • Parrott Middle School
  • Hernando High School

Utilities

  • Private Water Source
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Cedar Lane Sites Subdivision

Listing and Financial Details

  • Assessor Parcel Number R08 123 20 0110 0050 0015

Property Details

Property Type

Land

Lot Details

0.7 Acres

Listing Details

  • Directions: From US 41 - Take Powell Road to Cedar Lane, right on Duffield.
  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Road Frontage Type: County Road
  • Subdivision Name: Cedar Lane Sites
  • Current Use: Multi-Family
  • Reso Fencing: Chain Link
  • ResoLotFeatures: Wooded
  • Lot Size Acres: 0.7
  • Co List Office Phone: 352-515-0226
  • MLS Status: Closed
  • Master Plan Zoning: PDP (MF)
  • Location Tax and Legal Elementary School: Eastside
  • Location Tax and Legal High School: Hernando
  • General Property Information Lot Size Acres: 0.7
  • General Property Information Lot Size Square Feet2: 30492.0
  • General Property Information Waterfront YN: No
  • Location Tax and Legal Parcel Number2: R08 123 20 0110 0050 0015
  • Location Tax and Legal:Tax Annual Amount: 2090.72
  • Location Tax and Legal Zoning Description2: Planned Development Project-Multi Family
  • Utilities:Cable Available: Yes
  • General Property Information CDD Fee YN: No
  • Road Frontage Type County Road: Yes
  • Utilities:Electricity Connected: Yes
  • Utilities:Water Available: Yes
  • Fencing:Chain Link: Yes
  • Water Source Private3: Yes
  • Development Status Finished Lot(s): Yes
  • Special Features: None

Exterior Features

  • Waterfront: No
  • Other Structures: Other
  • Lot Features:Wooded: Yes

Utilities

  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Connected, Water Available
  • Water Source: Private
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Eastside
  • High School: Hernando
  • Middle Or Junior School: Parrott

Lot Info

  • Development Status: Finished Lot(s)
  • Lot Size Sq Ft: 30492.0
  • ResoLotSizeUnits: Acres
  • Parcel Number: R08 123 20 0110 0050 0015
  • Zoning Description: Planned Development Project-Multi Family

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2090.72

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2025
Closed on
Jul 3, 2025
Sold by
Avo Properties Investments Llc
Bought by
Seller's Agent
Melinda Grimes
Bridge Point Business Real Est
Buyer's Agent
Tammy Widmer
Tropic Shores Realty LLC
List Price
$67,000
Sold Price
$45,000
Premium/Discount to List
-$22,000
-32.84%
Views
34

Purchase Details

Closed on
Dec 3, 2013
Sold by
Pedenmonti Peter C
Bought by
Pedemonti Paul Ralph

Purchase Details

Closed on
Mar 13, 2008
Sold by
Pedemonti Paul R and Pedemonti Peter
Bought by
Pedemonti Peter

Purchase Details

Closed on
Oct 24, 2007
Sold by
Pedemonti Paul R
Bought by
Pedemonti Paul R and Pedemonti Peter

Purchase Details

Closed on
May 2, 2007
Sold by
Paterniti Frank and Paterniti Jeanie
Bought by
Pedemonti Paul R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,000
Interest Rate
12%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 24, 2004
Sold by
Wells Fargo Financial System Florida Inc
Bought by
Paterniti Frank and Paterniti Jeanie

Purchase Details

Closed on
Apr 23, 2004
Sold by
Barentine Thomas W and Barentine Beckey L
Bought by
Wells Fargo Financial System Florida Inc
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$45,000 Time To Close Title Llc
Pedemonti Paul Ralph -- None Available
Pedemonti Peter $25,000 None Available
Pedemonti Paul R $20,000 None Available
Pedemonti Paul R $50,000 Home-Land Title Inc
Paterniti Frank $17,100 Ati Title Company
Wells Fargo Financial System Florida Inc -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $42,000
Previous Owner Barentine Thomas W $45,178
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/03/2025 07/03/25 Sold $45,000 -30.8% $51 / Sq Ft
06/19/2025 06/19/25 Pending -- -- --
06/07/2025 06/07/25 Price Changed $65,000 -3.0% $74 / Sq Ft
05/12/2025 05/12/25 For Sale $67,000 -- $76 / Sq Ft
Source: Hernando County Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,095 $81,406
2024 $1,964 $74,005
2023 $1,964 $67,277 $0 $0
2022 $1,684 $61,161 $0 $0
2021 $790 $27,486 $6,822 $20,664
2020 $701 $24,177 $5,933 $18,244
2019 $687 $23,099 $5,933 $17,166
2018 $321 $21,920 $6,822 $15,098
2017 $550 $18,342 $6,822 $11,520
2016 $531 $17,882 $0 $0
2015 $523 $17,581 $0 $0
2014 $507 $17,117 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hernando County Association of REALTORS®

MLS Number: 2253449

Hernando County Association of REALTORS®

APN: R08-123-20-0110-0050-0015

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