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37800 Illinois St, Lady Lake, FL, 32159

$9,400,000

146.00 Acres
Land

Location

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Property Highlights

Home TypeUnimproved Land
ViewLake, Trees/Woods, Water
MLS #2034960
Lot Size146.00 Acres
StatusAccepting Backup Offers

About 37800 Illinois St

This sprawling 146-acre gem, boasts an impressive 3,000 feet of pristine Lake Griffin water frontage. Currently a serene horse ranch where tranquility meets nature, this property also features a convenient boat ramp for easy lake access. This property affords many development opportunities including a world-class luxury hotel resort with marina (something greatly needed in The Villages Area). A first class Motorcoach & RV resort on beautiful Lake Griffin is something that should be considered, too. Even a mixed-use development with single & multi-family home possibilities, dry boat storage, a marina, condominiums, or vacation time shares are all possibilities. Enhance these developments with potential amenities like fishing piers, a full-service marina with both wet and dry storage, and a private pond perfect for leisurely fishing or simply relaxing by the water. Check out all the concept sketches in the documents. Opportunities like this are rare near The Villages! Don't miss out! This sprawling 146-acre gem, boasts an impressive 3,000 feet of pristine Lake Griffin water frontage. Currently a serene horse ranch where tranquility meets nature, this property also features a convenient boat ramp for easy lake access. This property affords many development opportunities including a world-class luxury hotel resort with marina (something greatly needed in The Villages Area). A first class Motorcoach & RV resort on beautiful Lake Griffin is something that should be considered, too. Even a mixed-use development with single & multi-family home possibilities, dry boat storage, a marina, condominiums, or vacation time shares are all possibilities. Enhance these developments with potential amenities like fishing piers, a full-service marina with both wet and dry storage, and a private pond perfect for leisurely fishing or simply relaxing by the water. Check out all the concept sketches in the documents. Opportunities like this are rare near The Villages! Don't miss out! PLEASE see OM/FLYER & Due Diligence Documents for concepts, details & information. Utilities are assumed to be within 3 miles of site and the cost PROFORMA reflect that. Seller has no designs (except the DD concept plans) and has no studies or documents such as environmental, geotechnical, topo, endangered species, wetland, marina, lake access or other such. Buyer should perform own due diligence including but not limited to end use studies, engineering & design, feasibility, and cost estimates. Depending on use, it will obviously take a change in the Comprehensive Plan, Future Land Use and probably will required a PUD with a possible partnership in a utility district with the County to develop this property into a substantial destination lake resort RV resort, mixed used, or multi or single family residential project. Nice 3 BR home, barns & other facilities may or may not be incorporated in a new development.

Property Details

Property Features

Listing Office:

  • Office Name: COLDWELL BANKER VANGUARD REALTY
  • Listing Agent: HENRY HAMMOND, JR

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Lake, Trees/Woods, Water

Lot Features

Lot Information:

  • Lot: Agricultural, Cleared, Wetlands, Wooded
  • Lot Size: 146.00 Acres

Other

Directions Information:

  • Directions: From The Villages head east on East Co Rd 466 toward Laurel Manor Dr. Continue to follow East Co Rd 466 E 5.2 mi then turn right onto US-441 S/US Hwy 27 S. Go 0.7 mi and turn left onto Griffin View Dr. Go 3.1 mi and turn right onto Bertsville Rd. Go another 0.5 mi and turn right onto Illinois St. Go through Entry.

Price Information

Listing Price Info

Price Summary:

  • List Price: $9,400,000

Tax Information:

  • Annual Amount: $3,916
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Lady Lake, FL.

Med. Sold Price

$325K

Med. Price/SqFt

$218

Avg. Days On Market

67

# of Sold Homes

27

37800 Illinois St vs Lady Lake

136 DAYS ON ROCKET

+69 Days

$9,400,000

+$9.0M More

KEY TAKEAWAY

This property is $9.0M more than the Median Sold Price in Lady Lake, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: realMLS (Northeast Florida Multiple Listing Service)
  • MLS Number: #2034960

Listing Office:

  • Office Name: COLDWELL BANKER VANGUARD REALTY
  • Listing Agent: HENRY HAMMOND, JR

Copyright © 2024 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by other brokerage firms are marked with the listing broker's name and detailed information about such listings. Data provided is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/15/2024, 11:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$3,916$238,621
2019$3,976$238,126
2018$3,902$238,544
2017$3,631$221,839

History based on county public records data.

Payment Calculator

$46.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$28.2K

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-70326
4
/10
  • Fruitland Park Elementary School

  • 304 W Fountain St

  • 4.06 miles

  • Public District Grades PK-5

school-card-donut-70327
3
/10
  • Beverly Shores Elementary School

  • 1108 Griffin Rd

  • 4.96 miles

  • Public District Grades PK-5

school-card-donut-70328
6
/10
  • The Villages Elementary of Lady Lake

  • 695 Rolling Acres Rd

  • 5.12 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $68,766. The majority of Lady Lake, FL residents have income between $35k-100k annually. Residents typically live in married, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 37800 Illinois St

What is the listing price of this property?

The listing price of 37800 Illinois St property is $9,400,000.

What type of property is this?

The property 37800 Illinois St is land located in Lady Lake, Florida, 32159.

Is this property for sale now?

Accepting Backup Offers: 37800 Illinois St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,916 (source: MLS/based on county public records data).

How much acreage is this property?

The property 37800 Illinois St is 146.00 acres.
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Rocket HomesFloridaLake CountyLady Lake3215937800 Illinois St

This home is located at 37800 Illinois St in Lady Lake, FL and zip code 32159. This home sits on a 146.00 acre lot. It has been listed on Rocket Homes since July 03, 2024 and is currently priced at $9,400,000.

Over 1 listings were sold over their listed price in October 2024 in Lady Lake, FL. In the same period over 24 listings were sold below the listed price and 2 listings were sold for the listed price. Between September 2024 and October 2024, Lady Lake, FL real estate market has seen increase in the number of listings by 5%. While the average time on the market in October 2024 was 67 days, the median list price was $325,000.

From Rocket Homes Real Estate and based on county public records data.

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