REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Zachary Wheeler • Keller Williams Realty - Elite Partners II
$ 3,700,000
Est. payment | /mo
61.41 Acres Lot
$ 3,700,000
Est. payment | /mo
61.41 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Not On List
MLS Listing ID 858680
HOA Y/N No
Annual Tax Amount $218
Tax Year 2025
Lot Size 61.410 Acres
Acres 61.41
Property Sub-Type Unimproved Land
Property Description
Exceptional opportunity to acquire 61.42 acres of strategically located commercial and residential development land along Norvell Bryant Highway (CR 486) in the heart of Citrus County, Florida. Offering excellent roadway visibility, an Annual Average Daily Traffic (AADT) count of approximately 19,400 vehicles, and a combination of General Neighborhood Commercial (GNC) and Medium Density Residential/Mobile Home (MDRMH) zoning, this property presents a unique opportunity for a wide range of development possibilities.
Centrally located within Citrus County, the property is approximately a 15-minute drive from Lecanto, Beverly Hills, Downtown Crystal River, Homosassa, and Inverness. Its strategic location provides convenient access to established residential communities, commercial centers, and major transportation corridors. Regional connectivity is further enhanced by convenient access to the newly expanded Suncoast Parkway (SR 589).
The property consists of 23.94 acres zoned GNC, currently platted into eight individual lots, together with an additional 37.48 acres zoned MDRMH. The commercial portion accommodates a broad range of potential uses, including medical and professional offices, retail establishments, restaurants, and other neighborhood-serving businesses, subject to applicable zoning regulations and approvals. The residential acreage offers additional opportunities for medium-density residential development, creating the potential for a complementary, integrated commercial and residential project.
A particularly valuable feature of this property is an existing agreement for the utilization of an adjacent Citrus County-owned stormwater retention pond. The agreement provides for post-development compensatory storage and stormwater runoff capacity calculated using development assumptions of up to 70% impervious surface coverage within the GNC-zoned portion and up to 50% impervious surface coverage within the MDRMH-zoned portion. This existing arrangement may offer a substantial development advantage by reducing the need for extensive on-site stormwater facilities and potentially maximizing usable development acreage, subject to the agreement's terms and applicable engineering and permitting requirements.
Centrally located within Citrus County, the property is approximately a 15-minute drive from Lecanto, Beverly Hills, Downtown Crystal River, Homosassa, and Inverness. Its strategic location provides convenient access to established residential communities, commercial centers, and major transportation corridors. Regional connectivity is further enhanced by convenient access to the newly expanded Suncoast Parkway (SR 589).
The property consists of 23.94 acres zoned GNC, currently platted into eight individual lots, together with an additional 37.48 acres zoned MDRMH. The commercial portion accommodates a broad range of potential uses, including medical and professional offices, retail establishments, restaurants, and other neighborhood-serving businesses, subject to applicable zoning regulations and approvals. The residential acreage offers additional opportunities for medium-density residential development, creating the potential for a complementary, integrated commercial and residential project.
A particularly valuable feature of this property is an existing agreement for the utilization of an adjacent Citrus County-owned stormwater retention pond. The agreement provides for post-development compensatory storage and stormwater runoff capacity calculated using development assumptions of up to 70% impervious surface coverage within the GNC-zoned portion and up to 50% impervious surface coverage within the MDRMH-zoned portion. This existing arrangement may offer a substantial development advantage by reducing the need for extensive on-site stormwater facilities and potentially maximizing usable development acreage, subject to the agreement's terms and applicable engineering and permitting requirements.
Location
State FL
County Citrus
Area 08
Zoning GNC,MDRMH
Interior
Fireplace No
Exterior
Water Access Desc Public
Building
Lot Description Acreage, Wooded
Sewer Public Sewer
Water Public
Schools
Elementary Schools Hernando Elementary
Middle Schools Inverness Middle
High Schools Citrus High
Others
Tax ID 3230394
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Norman Longfellow
Realtor® / Broker Owner License ID: BK3233641
+1(352) 400-0188 | normanlongfellow@gmail.com