NOT LISTED FOR SALE
9.35 Acres
-- Price per Acre
407,286 Sq Ft Lot

Last Sold January 10, 2023

Last sale price $1,200,000

900 Days on Market

Highlights

  • 1,100 Feet of Waterfront
  • Oak Trees
  • 9.35 Acre Lot
  • Private Beach
  • Lake View
  • Corner Lot

About This Lot

As of January 2023

This property is truly one of a kind. Although the property falls under the future land use plan category of CMU-12 which allows for 12 residential units per acre, greater density may be possible. at 12 units per acre with 9.35 acres, the number of condos or apartments could be up to 112 units or up to 168 hotel rooms. Under CMU land use the floor area ratio is 50%. Multiple stories are possible. The property is not only at the SE corner of an Interstate Highway (I-75) and a major East-West boulevard (SR-674), it is also located in the extended Tampa City Urban Service Area (An area that establishes how far the City of Tampa can expand its urban growth.) To make this a perfect storm of development attributes, this site features a fully contained 5.5 acre (more or less) spring fed lake, making this site a potential resort destination The site has been approved too extract up to 40,000 gallons of potable water per day. Projected sales would be $2,000,000 per year with little or no costs of goods. The home could become a great waterfront restuarant.

Last Agent to Sell the Property

Art Moffa

YELLOWFIN REALTY License #0262393 Listed on: 06/26/2020

Last Buyer's Agent

Yimei He

KW SUNCOAST License #3459668

KW SUNCOAST

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,655

Lot Details

  • 9.35 Acre Lot
  • 1,100 Feet of Waterfront
  • Lake Front
  • Private Beach
  • Unincorporated Location
  • West Facing Home
  • Mature Landscaping
  • Corner Lot
  • Level Lot
  • Cleared Lot
  • Oak Trees
  • 2 Lots in the community
  • Additional Parcels
  • Property is zoned AS=1

Home Design

  • Planned Development

Utilities

  • Phone Available
  • Cable TV Available

Additional Features

  • Lake Views
  • Pasture
  • Zoned For Horses

Listing and Financial Details

  • Legal Lot and Block 510 / 1
  • Assessor Parcel Number U-10-32-19-1US-000000-00509.1

Community Details

Overview

  • No Home Owners Association
  • 1Us | Ruskin Colony Farms 1St Extension Subdivision

Recreation

  • Access To Lake
  • Fishing Pier
  • No Wake Zone
  • Water Skiing Allowed
  • Open Dock

Property Details

Property Type

Land

Est. Annual Taxes

$3,655

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 9.35
  • Lot Size Sq Ft: 407286
  • Number Of Lots: 2
  • Status: Sold
  • Street Post Direction: SE
  • Total Acreage: 5 to less than 10
  • Planned Unit Development Y N: Yes
  • Ratio: Close Price\List Price: 0.8
  • Price per Sq Ft: 2.95
  • Close to Original List Price Ratio: 0.25
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet

Exterior Features

  • Direction Faces: West
  • Waterfront: Yes
  • Road Surface Type: Paved, Asphalt
  • Water View: Lake
  • Water Access: Lake
  • Water Extras: Dock - Open, Fishing Pier, No Wake Zone, Skiing Allowed
  • Water View Y N: Yes
  • Front Footage: 600
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 1100
  • Water Frontage Feet Lake: 1000
  • Additional Water Information: Fully contained 5 to 6 acre lake. 100 % private. Deep, spring fed. Swift Mud has provided a letter indicating that up to 40,000 gallons of water can be exracted per day. This could be a very profiable business with no cost of goods.
  • Water Frontage Feet Beach Prvt: 100

Garage/Parking

  • Open Parking: No

Utilities

  • Utilities: Cable Available, Electricity Available, Fire Hydrant, Phone Available, Sewer Available
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Association Fee Requirement: None

Lot Info

  • Zoning: AS=1
  • Parcel Number: U-10-32-19-1US-000000-00509.1
  • Additional Parcels: Yes
  • Lot Features: Buildable, Cleared, Compact Soil, Corner Lot, Fire Hydrant, In County, Level, Other, Pasture, Suburb, Unincorporated, Zoned for Horses
  • Lot Dimensions: irregular
  • Price Per Acre: 128342
  • Flood Zone Code: A
  • Future Land Use: CMU-12
  • Current Adjacent Use: Residential
  • Zoning Compatible Y N: Yes
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • For Lease Y N: No

Tax Info

  • Tax Annual Amount: 3654.98
  • Tax Block: 1
  • Tax Book Number: 6/24
  • Tax Lot: 510

Multi Family

  • Waterfront Features: Beach - Private, Lake

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 List to Sale Price per Sq Ft
01/10/2023 01/10/23 Sold $1,200,000 -20.0% --
12/13/2022 12/13/22 Pending -- -- --
11/23/2022 11/23/22 Price Changed $1,500,000 -68.8% --
10/22/2022 10/22/22 Price Changed $4,800,000 +26.3% --
10/14/2021 10/14/21 Price Changed $3,800,000 -20.8% --
02/16/2021 02/16/21 For Sale $4,800,000 +300.0% --
12/26/2020 12/26/20 Off Market $1,200,000 -- --
06/26/2020 06/26/20 For Sale $4,800,000 -- --
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Source: Stellar MLS

MLS Number: T3250469

Stellar MLS