$950,000
$300K PRICE DROP

3132 W Gulf To Lake Hwy Lecanto, FL 34461

Lecanto Neighborhood

Estimated payment $5,530/month

Total Views 3,479
4.78 Acres
$198,745 Price per Acre
208,217 Sq Ft Lot

About This Lot

Located just under one mile east of the newly expanded 589 Toll Road/Suncoast Parkway, this 4.78-acre property is strategically positioned on SR 44/W Gulf to Lake Hwy, a major thoroughfare with 26,000 AADT (Annual Average Daily Traffic) and 600 feet of highway frontage, ensuring maximum visibility. Situated just east of the controlled intersection of SR 44 and CR 491, the site benefits from close proximity to the Central Ridge District’s expanding retail hub, home to national retailers such as Target, Walmart, and various other commercial establishments. Additionally, the property serves affluent residential communities, including Citrus Hills, Terra Vista, Pine Ridge, and Black Diamond Ranch.

Within a 15-minute drive, the immediate area boasts a population of 46,361 residents, with an average age of 58 and a median household income of $65,000, making it well-positioned for long-term commercial viability, and easy access to Inverness (10.5 miles), Beverly Hills (6 miles), Hernando (10 miles), Crystal River (7.9 miles) and Homosassa (10.1 miles) the ability to reach the Tampa International airport within 1 hour from the subject property.

From a development perspective, the site offers significant flexibility under General Neighborhood Commercial zoning, permitting up to 70% lot coverage and accommodating a broad range of commercial and residential uses. Approved uses include multifamily residential development with a density of six to ten units per acre (with a PUD), nursing homes, general retail, shopping centers, regional medical facilities, medical and professional offices, restaurants (including drive-thru establishments), financial institutions, and several conditional uses subject to approval. This zoning flexibility allows developers to tailor projects to meet the growing demand in the region while ensuring compliance with evolving market trends.

As part of the Tampa–St. Petersburg–Clearwater Metropolitan Statistical Area (MSA), the 18th largest metro area in the United States, Citrus County is experiencing rapid population growth, with projections estimating an increase from 153,600 to 350,000 residents by 2030. This growth is driving an expanding demand for residential and commercial infrastructure, reinforcing the need for well-positioned development sites. The recent $135 million expansion of the Suncoast Parkway has further enhanced accessibility, positioning Citrus County as a key gateway to the Tampa Bay region and strengthening its attractiveness for investment.

Given its prime location, robust market demographics, and diverse zoning potential, this property represents an exceptional opportunity for developers and investors looking to capitalize on Citrus County’s ongoing economic and population expansion.

Disclaimer: All information provided herein is for marketing purposes only and is not guaranteed for accuracy. Prospective buyers or tenants are encouraged to conduct their own independent due diligence. The seller, broker, and associated parties make no representations or warranties, expressed or implied, as to the accuracy or completeness of this information. All dimensions, zoning details, financial data, and other property-related facts should be independently verified. Please consult with appropriate licensed professionals before making any investment or purchasing decisions.

Listing Agent

Elias Kirallah

CENTURY 21 J.W.MORTON R.E. License #3123414 Listed on: 02/21/2025

CENTURY 21 J.W.MORTON R.E.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,398

Lot Details

  • 4.78 Acre Lot
  • Lot Dimensions are 600x565
  • Property is zoned GNC

Community Details

  • Lecanto Subdivision

Listing and Financial Details

  • Legal Lot and Block 9 / 6
  • Assessor Parcel Number 18E-19S-04-0100-00000-0090

Property Details

Property Type

Land

Est. Annual Taxes

$3,398

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 4.78
  • Lot Size Sq Ft: 208235
  • Directions to Property: From Downtown Lecanto heading East on West Gulf To Lake Highway, you should reach your destination in one block on the right side.
  • Status: Active
  • Street Direction: W
  • Ownership: Fee Simple
  • Escrow State: FL
  • List Office Head Office Key Nume: 593373526
  • RATIO Current Price By Calculate: 4.56
  • Total Acreage: 2 to less than 5
  • Water Access YN: 0
  • Tax Year: 2024
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 3132

Exterior Features

  • Waterfront: No
  • Road Surface Type: Paved
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Price Per Acre: 198745

Utilities

  • Utilities: Public
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association 2 YN: 0

Fee Information

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

Lot Info

  • Zoning: GNC
  • Parcel Number: 18E-19S-04-0100-00000-0090
  • Additional Parcels: No
  • Current Use: Unimproved
  • Lot Dimensions: 600x565
  • Flood Zone Code: X
  • Lot Size Square Meters: 19346

Tax Info

  • Tax Annual Amount: 3398.36
  • Tax Block: 6
  • Tax Book Number: 1-33
  • Tax Lot: 9

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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
2024 $3,429 $215,660 $215,660 --
2023 $3,429 $215,660 $215,660 $0
2022 $196 $215,660 $215,660 $0
2021 $196 $209,110 $209,110 $0
2020 $196 $209,110 $209,110 $0
2019 $196 $195,520 $195,520 $0
2018 $0 $181,250 $181,250 $0
2017 $0 $181,250 $181,250 $0
2016 $0 $181,250 $181,250 $0
2015 -- $181,250 $181,250 $0
2014 -- $163,204 $163,204 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2025 07/25/25 Price Changed $950,000 0.0% --
07/25/2025 07/25/25 Price Changed $950,000 -24.0% --
02/21/2025 02/21/25 For Sale $1,250,000 0.0% --
02/08/2025 02/08/25 Price Changed $1,250,000 -19.1% --
02/03/2025 02/03/25 For Sale $1,545,000 0.0% --
11/26/2024 11/26/24 Off Market $1,545,000 -- --
05/21/2024 05/21/24 For Sale $1,545,000 0.0% --
05/20/2024 05/20/24 Off Market $1,545,000 -- --
04/19/2024 04/19/24 Price Changed $1,545,000 -0.6% --
11/20/2023 11/20/23 For Sale $1,555,000 0.0% --
11/17/2023 11/17/23 Off Market $1,555,000 -- --
04/20/2023 04/20/23 Price Changed $1,555,000 -0.3% --
01/01/2023 01/01/23 For Sale $1,560,000 -- --
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $100 --
Deed $100 --
Source: Public Records

Source: Stellar MLS

MLS Number: OM695355

Stellar MLS

APN: 18E-19S-04-0100-00000-0090