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For Sale property id: 66524105
USD 3,300,000 Mortgage Calculator
USD 3,300,000
SMARTS PLACE, Oviedo, Florida, United States

Description

Opportunity awaits you with this incredible, 4-parcel sale, combined to make up 42ac, all zoned A-5, with R-1 zoned property along the southern border. 22 acres is mostly clear, raw land with Artesian wells feeding the property; the other 20 acres are home to Gateway Gardens, an active nursery with minimal permanent buildings and electric established with Duke Energy. All four parcels are part of Transition Area Number 1, within the City of Oviedo and Seminole County Joint Planning Area, also known as the Future Oviedo Annexation Area. To the south, the community, Retreat at Lake Charm, borders this group of parcels and features an R-1 zoning while residing within the City of Oviedo. This helps the subject property to meet one of the primary planning elements when considered for annexation into the City of Oviedo, and potential for increased density. Oviedo has shown exceptional growth and has been named as "Best Suburb to Raise a Family in the Orlando Area" by Niche.com 2020 and "50 Best Places to Live in America" by Money.com, 2020. This city, of approximately 40,000 residents, has a median age of 36 and household incomes that are some of the highest in Central Florida. The area also boasts an exceptional educational system with A-Rated schools in addition to numerous recreational amenities just steps away. The sale of this parcel is contingent upon the inclusion of adjacent 22-acres; MLS #: O6065071. Pricing is equal to $150,000/Acre.

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