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About this home
7425 SE Highway 42 is a home Summerfield. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
Prime Development Opportunity Near The Villages Excellent investment and development opportunity in a rapidly growing area of Marion County. This just-under-10-acre property offers approximately 620 feet of frontage on Hwy 42, providing exceptional visibility and accessibility. Located directly across from The Villages and backing up to a new multifamily development, the property is ideally positioned in the path of continued growth and development. In preliminary discussions with Marion County, there has been positive feedback regarding a potential PUD (Planned Unit Development) zoning change, creating an exciting opportunity for future development. Buyers are encouraged to contact the listing agent for additional information regarding the potential zoning change. With its size, substantial road frontage, strategic location, and development potential, this property offers an excellent opportunity for investors and developers looking to capitalize on the continued growth in the area. Call today for more information and to discuss the development potential of this property.
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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.
Price history
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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
$1,290,000
Time on market
58 days
Monthly payment
About $7,582/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $2,513 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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