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About this home
22374 Cortez Blvd is a home Brooksville. Flood zone X,AE - outside the FEMA high-risk areas, which keeps insurance manageable.
370 Acres (mol) with frontage on busy Cortez Blvd (SR 50) and Emerson Road that is currently zoned Agriculture, and has 4 parcels all being sold together. Multifamily and Single Family Development opportunity with the Master Plan to be reactivated for rezoning of approximately 88 acres with a Flood Zone of X. (Other 3 parcels are AE) The Master Plan that was approved for rezoning to CPDP by Hernando County has since expired. It was originally approved for a 263 unit with combined single family and multifamily housing development with a mix of 6,600 sf and 1 acre lots. This beautiful property has rolling hills, open meadows, has a nice variety of trees, and a small amount of frontage on the lake. Included with this land is a 4 bedroom home with a pool set on top of the highest point of the property and has incredible views. There are remains of older farm buildings that are not being used. Key#: 01249358,00362280,00362057,01355599 Being Sold As Is.
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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.
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Price
$7,500,000
Time on market
1480 days
Monthly payment
About $43,216/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $4,196 annual tax bill, insurance.
Flood zone
Zone X,AE
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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