$1,295,000

8050 Cedarwood Parkway

LABELLE FL, 33935

Description

75 +/- ACRES, INCLUDING 28+/- ACRE LAKE LABELLE, WELL-LOCATED FOR MULTI-FAMILY DEVELOPMENT WITH ACCESS TO UTILITIES (IN CLOSE PROXIMITY) AND CLOSE TO SCHOOLS AND DOWNTOWN LABELLE! Property has 1/4 mile of road frontage and clear water bass-filled lake is 1/2 mile long. Mining permits are in place in the form of a Planned Unit Development for Lake LaBelle expansion of the existing 28+/- acre lake to a 53+/- acre lake. The cost of mining permitting has already been expended by the present owner and these permits will greatly aid in the development of the property for other usage. The current Hendry County PUD (2014) for mining expansion permits an additional 15 home sites plus this offering includes another ten adjoining Port LaBelle home sites for a total of 25 single family residential home sites with the existing PUD approved ordinance. The parent property (75+/- acres) is fenced and gated. Location is close to SR 80 East, being 4-laned all the way to US 27 for easy access to the east coast. (To develop into multi-family use, a Comp Plan Amendment to High Density Residential will be required. And a rezoning to convert the existing PUD from mining to multi-family development.)

Details

MLS#220017800
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site321

Features

Acreage77.84
Water FrontYes
Property ViewYes

Market Activity 33935

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Area Information
StateFL
CountyHendry
CityLABELLE
Zip Code33935
AreaHD01 - Hendry County
Community NamePORT LABELLE
Listing VS Median (in PORT LABELLE)
Price:
$1,295,000
low | high
Med:
$15,000
100% of Average
On Site:
321
low | high
Med:
67
100% of Average
Listing Updated: January 18, 2021 3:39:20 PM PST
Sherri Denning LogoMLS Number: 220017800
Listing Provided By:
Sherri Denning  of  Southern Heritage Real Estate

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