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About this home
Lot 31 Venetia Ave is a home in Warm Mineral Spgs, North Port. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
DUPLEX OPPORTUNITY | RMF1 ZONING | WARM MINERAL SPRINGS | BUILD & INVEST! INVESTORS & BUILDERS—DON’T MISS THIS OPPORTUNITY! Residential Lot 31 in the Warm Mineral Springs area of North Port, ideally located just minutes from the world-famous Warm Mineral Springs and its natural mineral waters. This property is zoned RMF1, offering excellent potential for residential development, including a duplex or single-family residence, subject to applicable City of North Port approvals and development requirements. The approximately 7,500-square-foot lot provides a great opportunity to build and hold, build and sell, or create an income-producing investment. Lot 31 can potentially be combined with the adjacent Lot 30, creating a larger double-lot site and opening the door to additional development possibilities, subject to confirmation and approval by the appropriate authorities. FINANCIAL ANALYSIS FOR BUILDING A DUPLEX IS ATTACHED, along with a list of RMF zoning entitlements, providing buyers with valuable information for evaluating the property's development potential. North Port's zoning regulations recognize duplexes as a permitted residential use in applicable multifamily zoning, with development subject to site-plan, subdivision, parking, setback, and other requirements. Located in the desirable Warm Mineral Springs area, this property offers convenient access to US-41, shopping, restaurants, schools, medical services, and the Gulf Coast lifestyle. Whether you're looking for your next development project, investment property, or future income-producing duplex, this is an opportunity worth exploring! RMF1 ZONING + DUPLEX POTENTIAL + POSSIBLE DOUBLE LOT + DEVELOPMENT ANALYSIS = INVESTOR OPPORTUNITY! Buyer to independently verify zoning, permitted uses, setbacks, utilities, lot combination requirements, development standards, and all other information with the City of North Port and applicable agencies.
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Districts can re-zone, so verify directly with the district before relying on these.
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
$39,000
Time on market
23 days
Monthly payment
About $244/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $253 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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