$4,200,000
$4,200,000
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50.99 Acres Lot
SOLD DATE : 08/31/2022
Key Details
Sold Price $4,200,000
Property Type Vacant Land
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
Subdivision Colina Del Lago
MLS Listing ID O5894184
Sold Date 08/31/22
Construction Status No Contingency
HOA Y/N No
Originating Board Stellar MLS
Annual Tax Amount $2,976
Lot Size 50.990 Acres
Acres 50.99
Lot Dimensions 1142x976x562x2601
Property Description
Colina del Lago is a builder's dream development only 35 minutes from downtown Orlando using the new turnpike entrance in Minneola. Colina del Lago includes 3 lakefront lots directly on Little Lake Harris. The community features 60 lots and most are 100ft+ wide 1/2 acre lots. Each lot will have underground utilities, fiber optic internet and city water from the Town of Astatula. Septic tanks will need to be built with each home. Of the 60 lots there are 40 lots with no direct rear neighbor, providing much privacy for residents on their already large lots. The community is less than a mile from the recreational Joe Swaffer Park with tennis, basketball, soccer and playground.
This property was originally 11 parcels totaling 87 acres is now being offered as 45 acres approved as 60 approved 1/2 acre lots. The 3 lakefront lots will be allowed to have docks.
Sitework has begun so all 60 "finished padded lots" are scheduled to be complete and ready for building permits by June 30th, 2021 or before.
NOTE REGARDING PRE-PAID IMPACT FEES: The seller has $5,081 per lot in pre-paid impact fees (totaling $304,860) which is included in the price of $70,000 per padded lot. The new owner can redeem these credits at the time they pull each individual building permit at $5,081 per lot.
Location
State FL
County Lake
Community Colina Del Lago
Zoning R-1A
Exterior
Community Features Deed Restrictions, Fishing, Boat Ramp, Sidewalks
Utilities Available Electrical Nearby, Fiber Optics, Fire Hydrant, Telephone Nearby, Water Nearby
Amenities Available Vehicle Restrictions
Waterfront true
Waterfront Description Lake, Lake
View Y/N 1
Water Access 1
Water Access Desc Lake,Lake - Chain of Lakes
Building
Lot Size Range 50 to less than 100
Sewer Septic Needed
Water Public
Construction Status No Contingency
Schools
Elementary Schools Astatula Elem
Middle Schools Tavares Middle=Tavares Middle
High Schools Tavares High
Others
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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