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About this home
17873 E Highway 40 is a 1984-built home in Land-o-lakes Estates, Silver Springs. Inside you'll find 3 bedrooms, 2 bathrooms, and 1,943 square feet of living space. Listed at $299,000 (about $154/sqft), 147 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
Priced below appraisal, discover a unique opportunity in Silver Springs with this exceptional 1.60-acre with additional potential parcel is currently used as residential property zoned B4 for commercial use. Live in the home while you also have a business on the property.This unique property is located on a busy highway(great for business) and is priced below appraisal. There is newly added pavement by garage and cleared the land to the lake. There are more lots connected to property can be included if needed. This property offers the perfect blend of residential comfort and commercial potential. Key Features: Versatile Zoning: B4 zoning allows for both residential living and commercial ventures, providing endless possibilities. Expansive Land: Enjoy prime real estate, with the option to purchase additional land. Strategic Location: Benefit from the planned expansion of SR 40, including widening and bike paths, increasing property value and accessibility. High Demand: The area is experiencing rapid growth, with a new Tractor Supply recently built and a strong need for additional businesses. Outdoor Oasis: Relax and enjoy the serene beauty of lakefront living, perfect for outdoor activities and recreation. Convenient Location: Located within 30 minutes of four major springs (Silver Springs, Juniper, Alexander, and Silver Glens) and a short drive to Ormond Beach and Daytona Beach, offering easy access to a variety of attractions. Modern Upgrades: This remodeled home features a roof placed in 2022 and modern amenities, providing a comfortable and inviting living space. Don't miss this rare opportunity to own a property with both residential and commercial potential. What are your business plans? Owner/agent
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The essentials
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
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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
$299,000
$154 per sq ft
Beds and baths
3 beds, 2 baths
Size
1,943 sq ft
Time on market
149 days
Year built
1984
Monthly payment
About $2,002/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $3,519 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.
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