Tbd E C 478, photo 1
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Overview

0 baLand
TypeLand
HOANone listed
Lot13,160,347 sqft

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About this home

Tbd E C 478 is a home Webster. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

We feel this is an appropriate time for a Field of Dreams movie quote: “If you build it, he will come.” We would like to suggest it read “they will come,” because we feel they would. There is no question that development is all around us in Sumter County. Growth and change can be hard in a rural community, but Florida has been experiencing an all-time high demand for housing, especially in Central Florida. This particular parcel offers an easy commute to Tampa or Orlando within an hour, The Villages community within 25 minutes, and everything else the heart of Central Florida gets to brag about. Wesley Chapel, Zephyrhills, Dade City, Groveland, Mascotte, Lakeland, and others are all bursting at the seams and pushing growth our way. Here we have 300 acres (302, to be exact) that are prime for development. The property is close to the existing city limits and is already included in the City of Webster Joint Planning Area. Access to city water and city sewer is available across the street, which is a huge benefit for a property of this size. It’s gorgeous and flat, dotted with towering oak trees, with paved-road access on 3 sides of the property and, for what it’s worth, a beautiful spring-fed pond. Imagine a 5 or 10 acre ranchette community, or perhaps a deed-restricted community with four units per acre. Higher density is not out of the question, but it would require much deeper conversations with the city’s planning and zoning department. Any zoning changes would require annexation into the City of Webster and a land-use change. The seller is open to offers, but like they say, price goes with vision and the seller has a big vision. Site visits are by appointment only. There is currently livestock on-site, please do not open any gates. Call today.

The essentials

On market
756 days
Annual tax
$1,071
Flood zone
X · Low risk
Lot
13,160,347 sqft
Type
Land

At a glance

Land
Waterfront
Pond
302.12 acres
Lot size

Payment

Est. monthly payment
$85,820/mo
Down payment (20%)
$3,000,000
Property taxes
$89/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Land
Year Built
-
Lot
13,160,347 sqft
Cooling
-
Heating
-
Parking
-
Waterfront
Pond
Days on Market
756
Flood Zone X
Annual Tax (2023)
$1,071
Parcel #
T05-003

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

County
Sumter
MLS Area
33597 - Webster/Ridge Manor Estates
Lot Size
13,160,347 sqft
BuildableOversized LotPaved

Price history

Date
Event
Price
9/19/2024
Listed for sale
Source: Stellar MLS #G5087321
$15,000,000

Neighborhood

Tbd E C 478
Webster, FL, 33597 · 33597 - Webster/Ridge Manor Estates

Calculator

Est. monthly payment
$85,820/mo
Principal & interest$78,231
Property taxes$89
Insurance$7,500
Down payment20% · $3,000,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$15,000,000

Time on market

756 days

Monthly payment

About $85,820/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $1,071 annual tax bill, insurance.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Have another question?

Brokered byCONNIE MAHAN REAL ESTATE GROUPListing agent: Connie MahanListing data from Stellar MLS, MLS# G5087321.

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