Captivating 8.6-Acre Ranchette with Lucrative Future Development Potential! Welcome to your dream property in the heart of a dynamic, transitioning area poised for remarkable growth. This 8.6-acre ranchette offers the perfect blend of current agricultural use and tremendous future development potential. Key Features: Prime Location: Located in a semi-rural area transitioning from agriculture to metro Orlando-style residential development. Convenient access to County Rd 33 via the soon-to-be widened and paved Smith Rd, ensuring seamless connectivity. Agricultural Excellence: Fully fenced property, thoughtfully divided into three sections: a nursery, a large primary pasture, and a dedicated area with a squeeze chute for easy cattle loading. A custom-built 18 x 36-foot pole barn, ideal for sheltering livestock or storing equipment. A private well supplying water to four strategically placed watering stations. Future Development Goldmine: Future Land Use designation allowing for 8 units per acre, with permissible uses including single and attached residential, civic uses (such as parks and lift stations), and minor commercial to support the forthcoming residential community. Adjacent to a 250-acre commercial cattle operation with an approved subdivision, ensuring significant development activity in the immediate vicinity. Investment Opportunity: Capitalize on the current cattle-raising operations while positioning yourself to reap the rewards of future residential and commercial developments. A unique chance to secure a substantial tract of land in an area with skyrocketing development potential. Don’t miss out on this rare opportunity to enjoy the best of both worlds – a thriving agricultural lifestyle now and the promise of lucrative development returns in the near future. Schedule your showing today and explore the limitless possibilities this extraordinary property has to offer! Feel free to let me know if there are any additional details or adjustments you'd like to include! One of the co-owners is a Licensed Real Estate Agent in the State of Florida
This property is $512.6K more than the Median Sold Price in Groveland, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MFRMLS
MLS Number: #G5085377
Listing Office:
Office Name: COLDWELL BANKER TONY HUBBARD REALTY
Listing Agent: Richard Bisaillon
Listings courtesy of Stellar MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 11:19:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Aug 17, 2007
Aug 17, 2007Home Sold
$19,500
May 21, 2007
May 21, 2007Home Sold
$31,200
Jul 11, 2006
Jul 11, 2006Home Sold
$81,000
Dec 28, 2004
Dec 28, 2004Home Sold
$2,225,000
Mar 16, 2004
Mar 16, 2004Home Sold
$100,200
Aug 03, 1999
Aug 03, 1999Home Sold
$85,000
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$4,554
Per Month
Principal & Interest
$4,487
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,762
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Mascotte Elementary School
460 Midway Ave
Distance between this listing and this school2.20 miles
Public Charter Grades PK-5
2
/10
Groveland Elementary School
930 Parkwood Ave
Distance between this listing and this school4.49 miles
Public District Grades PK-5
8
/10
Cypress Ridge Elementary School
350 East Ave
Distance between this listing and this school8.84 miles
Public Magnet Grades PK-5
Nearby Schools
2
/10
Cecil E. Gray Middle School
205 E Magnolia St
Distance between this listing and this school3.98 miles
Public District Grades 6-8
7
/10
Minneola Conversion Charter School
320 E Pearl St
Distance between this listing and this school9.41 miles
Public Charter Grades PK-8
4
/10
South Sumter Middle School
773 NW 10th Ave
Distance between this listing and this school10.40 miles
Public District Grades 6-8
Nearby Schools
3
/10
South Lake High School
15600 Silver Eagle Rd
Distance between this listing and this school5.11 miles
Public District Grades 9-12
5
/10
Lake Minneola High School
101 N Hancock Rd
Distance between this listing and this school10.53 miles
Public District Grades 9-12
4
/10
East Ridge High School
13322 Excalibur Rd
Distance between this listing and this school11.81 miles
The neighbors living near this home have an average income of $48,812. Typical income of Groveland, FL residents is between $35k-100k annually. Most families are married, with kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About Smith Rd
What is the listing price of this property?
The listing price of Smith Rd property is $899,000.
What type of property is this?
The property Smith Rd is land located in Groveland, Florida, 34736.
Is this property for sale now?
Active Listing: Smith Rd is For Sale (Active/New) which means the seller is accepting offers.
When was this property sold last time and for how much?
The last sale was on August 17, 2007 for $19,500. (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at Smith Rd in Groveland, FL and zip code 34736. This home sits on a 8.60 acre lot. It has been listed on Rocket Homes since August 05, 2024 and is currently priced at $899,000.
In October 2024 more than 4 listings in Groveland, FL were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 11 were sold below. In October 2024 in Groveland, FL there were 1.3% less homes for sale than in September 2024. Listings spent 56 days on the market in October 2024, and had a median list price of $386,366 during the same period.
From Rocket Homes Real Estate and based on county public records data.