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$875,000
Est. payment /mo
20 Acres Lot
UPDATED:
10/23/2024 11:24 PM
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Pending
Purchase Type For Sale
MLS Listing ID O6244710
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Annual Tax Amount $1,214
Lot Size 20.000 Acres
Acres 20.0
Lot Dimensions 670x1300
Property Description
Under contract-accepting backup offers. This unique 20-acre property located on Tomoka Farms Road in Volusia County, FL, offers a prime opportunity for developers aiming to create a small-scale estate home development or for buyers looking for personal use, such as a ranch or farm. The current MH-3 Rural Mobile Home zoning supports subdividing into four 5-acre estate homesites, making it well-suited for single-family residences, mobile homes, or modular homes with a minimum of 720 square feet of living area per lot. Development can proceed without the need for rezoning, providing an immediate pathway for construction and investment.
In addition to residential development, the property supports rural uses such as farming, ranching, and equestrian activities, making it ideal for those looking to create a luxury rural estate with agricultural or recreational potential.
The Future Land Use (FLU) designation of Rural offers flexibility and compatibility with a range of zoning types, including A-1, A-2, MH-3, RPUD, and MPUD, giving developers significant versatility for future projects.
With approximately 650 feet of frontage along Tomoka Farms Road, the property offers excellent access and visibility. Its location is another attractive feature, just 10-15 miles from Daytona Beach and within easy reach of New Smyrna Beach and Ponce Inlet, providing residents with easy access to Florida’s renowned beaches. Proximity to the famous Spruce Creek Fly-In community, which caters to aviation enthusiasts, adds further appeal, making this property highly desirable for buyers seeking unique lifestyle amenities.
For developers, the potential market includes buyers looking for privacy, large parcels, and the ability to build custom homes in a peaceful rural setting. The zoning flexibility and large homesites make this property ideal for equestrian properties, luxury rural estates, or family ranches with ample space for horses or cattle. The lot sizes allow for expansive development while maintaining the quiet, open atmosphere sought by high-end buyers.
From a land-use perspective, the property offers favorable development conditions. According to FEMA, the site is not in a flood zone, and while a wetland delineation survey is recommended, the land appears mostly dry, further enhancing its potential for development.
In conclusion, this Tomoka Farms property offers a rare combination of rural charm, strategic location, and flexible zoning, making it an excellent investment for developers and buyers alike. Whether the goal is to create a small development of estate homes or establish a personal ranch or farm, this property offers the perfect blend of luxury, privacy, and accessibility to urban conveniences.
In addition to residential development, the property supports rural uses such as farming, ranching, and equestrian activities, making it ideal for those looking to create a luxury rural estate with agricultural or recreational potential.
The Future Land Use (FLU) designation of Rural offers flexibility and compatibility with a range of zoning types, including A-1, A-2, MH-3, RPUD, and MPUD, giving developers significant versatility for future projects.
With approximately 650 feet of frontage along Tomoka Farms Road, the property offers excellent access and visibility. Its location is another attractive feature, just 10-15 miles from Daytona Beach and within easy reach of New Smyrna Beach and Ponce Inlet, providing residents with easy access to Florida’s renowned beaches. Proximity to the famous Spruce Creek Fly-In community, which caters to aviation enthusiasts, adds further appeal, making this property highly desirable for buyers seeking unique lifestyle amenities.
For developers, the potential market includes buyers looking for privacy, large parcels, and the ability to build custom homes in a peaceful rural setting. The zoning flexibility and large homesites make this property ideal for equestrian properties, luxury rural estates, or family ranches with ample space for horses or cattle. The lot sizes allow for expansive development while maintaining the quiet, open atmosphere sought by high-end buyers.
From a land-use perspective, the property offers favorable development conditions. According to FEMA, the site is not in a flood zone, and while a wetland delineation survey is recommended, the land appears mostly dry, further enhancing its potential for development.
In conclusion, this Tomoka Farms property offers a rare combination of rural charm, strategic location, and flexible zoning, making it an excellent investment for developers and buyers alike. Whether the goal is to create a small development of estate homes or establish a personal ranch or farm, this property offers the perfect blend of luxury, privacy, and accessibility to urban conveniences.
Location
State FL
County Volusia
Zoning 01RA
Exterior
Utilities Available BB/HS Internet Available, Electricity Available, Water Available
Building
Lot Description Buildable, In County, Paved, Unincorporated
Lot Size Range 20 to less than 50
Sewer None
Water Public
Construction Status Inspections
Others
Ownership Fee Simple
Acceptable Financing Cash, Conventional, USDA Loan
Listing Terms Cash, Conventional, USDA Loan
Special Listing Condition None
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Listed by COLDWELL BANKER REALTY