Fitzgerald Way

Inverness, FL 34450

$3,300,000
Last Sold Price
3,062,236 / 70.30
Lot Size / Acres

Sold 11/17/23

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Sold 11/17/23

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Description

This is a waterfront development opportunity you won't want to miss! With 70.3 waterfront acres, central water and sewer available. and a prime location within Inverness City Limits! There is nearly 3500’ of waterfront on Little Lake Henderson, part of the 22 mile long chain of interconnecting lakes known as Lake Tsala Apopka. Lake Henderson is a 422 acre pristine waterway with a depth of 12'. The property offers 57.48 acres of Net Usable Uplands and 12.82 acres of pristine wetland preserves, and...This is a waterfront development opportunity you won't want to miss! With 70.3 waterfront acres, central water and sewer available. and a prime location within Inverness City Limits! There is nearly 3500’ of waterfront on Little Lake Henderson, part of the 22 mile long chain of interconnecting lakes known as Lake Tsala Apopka. Lake Henderson is a 422 acre pristine waterway with a depth of 12'. The property offers 57.48 acres of Net Usable Uplands and 12.82 acres of pristine wetland preserves, and natural springs. Located inside the LDR1 zoning district of City Limits of Inverness, FL, this zoning allows for up to 5 units/acre (8,500 sf minimum lot and an impervious coverage ratio of 40%, 25% Building Allowance) with a minimum of 1,000 sf of living area. Permissible building types in the LDR1 zoning district include Single Family Detached, Single Family Attached and Multifamily Duplex. Estimated unit density at the subject property with compliance in the LDR1 zoning district could yield a potential of 287 units priced at just $13,560/unit of density, pending municipal approval. Centrally located just 1.4 miles drive time from Historical Downtown Inverness, City Hall, Citrus County CourtHouse, Liberty Park, Wallace Brooks Park and Rails To Trails Recreation Path (46 miles in length). Neighboring cities include Lecanto (11.2 miles), Beverly Hills (13.3 miles), and Inverness (1.4 miles).
  1. Listed by Elias Kirallah • CENTURY 21 J.W.MORTON R.E.
    P: (352)-400-2635 C: (352)-400-2635 Elias@eliasgeorge.com

Property Details for Fitzgerald Way

Township
19
Waterfront
Yes
Water View
Lake - Chain of Lakes

Location

Listing Courtesy of CENTURY 21 J.W.MORTON R.E., Elias Kirallah

Sold By CENTURY 21 J.W.MORTON R.E., Elias Kirallah

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LISTING UPDATED: 11/17/2023 03:41 PM

Property Details for Fitzgerald Way

StatusSold
MLS #OM650435
Days on Market236
Taxes$7,525 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size70.30 AC
CountyCitrus County

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Building Information for Fitzgerald Way

Lot Size70.30 AC

Payment Calculator

$17,917 per month

30 year fixed, 6.845% Interest

Principal and Interest

$17,290

Property Taxes

$627

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for Fitzgerald Way

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: Located on Fitzgerald Way, right off Gospel Island in Inverness, FL
  • Mls Major Change Type: Sold
  • Major Change Type: Closed
  • Listing Service: Full Service
  • Street Name: Fitzgerald
  • Street Suffix: WAY
  • State: FL
  • City: INVERNESS
Taxes and HOA Information
  • Tax Block: 12000
  • Tax Book Number: 172-226
  • Tax Legal Description: GL 4 & GL 5 LESS E 721 FT IN SEC 9 & GL 7 IN SEC 8 & GL 8 INSEC 8 LESS FOL: BEG AT CONC MON IN LT LN BETW GL 8 & 5, THS 530 FT FROM 1/4 SEC COR BETW SECS 8 & 9 E TO POB, TH S 66DEG 18M W 538.5 FT TO LK TSALA APOPKA, TH SE'LY AROU ND LK TO MEANDER COR ON SEC LN, TH N 558.5 FT AL SD SEC LN TO POB &EXC LOT 2 ROMAN SPRINGS UNREC SUB & PT OF GL 8 D ESC AS: COM AT 1/4 SEC COR BETW SECS 8 & 9, TH S 1 DEG 33M W AL LT LNBETW GL 8 & 5 BEING SEC LN BETW SECS 8 & 9 693 .6 FT, TH S 68 DEG 0M 40S W PAR TO N B DRY OF LANDS DESC IN DB 88 PG 364 132.53 FT TO POB, TH S 68 DEG 0M 40S W PAR T O SD N BDRY 324.34 FT MOL TO LK TSALA APOPKA, TH N 16 DEG 21M 40S W AL LK 150.73 FT TO PT ON SD N BDRY, TH N 68 DEG 0M 40S E AL SD N BDRY 507.43 FT MOL TO PT ON LT LN
  • Tax Lot: 2
  • Tax Year: 2022
Property
Lot Information
  • Additional Parcels: No
  • Current Use: Commercial
  • Parcel Number: 20E19S08000012000
  • Total Acreage: 50 to less than 100
  • Water Access: Lake - Chain of Lakes
  • Water Access: Yes
  • Water Extras: No
  • Zoning: LD
Property and Assessments
  • Flood Zone Code: AE
  • Flood Zone Date: 09-26-2014
  • Flood Zone Panel: 12017C0352D
  • Public Survey Range: 20
  • Public Survey Section: 9
Utilities
  • Sewer: Public Sewer
  • Utilities: Sewer Nearby, Water Nearby
  • Water Source: Canal/Lake For Irrigation, Public
Interior and Exterior Features
Exterior Features
  • Pool: None
  • Pool Private: No
  • Waterfront Features: Lake - Chain of Lakes
  • Waterfront Feet Total: 3500
Interior Features
  • Living Area Units: Square Feet
  • Water View: Yes

Property History for Fitzgerald Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near Fitzgerald Way

This home is within Citrus.
Rating
School
Type
Grades
Distance
Inverness Primary School
Public - PK to 5
Inverness Middle School
Public - 6 to 8
Citrus High School
Public - 9 to 12
Citrus Virtual Instruction (Course Offerings)
Public - K to 12
Rating
School
Distance
Inverness Primary School
PublicPK to 5

Inverness Middle School
Public6 to 8

Citrus High School
Public9 to 12

Citrus Virtual Instruction (Course Offerings)
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of CENTURY 21 J.W.MORTON R.E., Elias Kirallah

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 11/17/2023 03:41 PM