Property Listing No Longer Available for Sale

Kettering Road and Powerline Road

Brooksville, FL

Land for Sale - $8,500,000


Property Info

CIMLS#132925
Location
  Kettering Road and Powerline Road
  Brooksville FL 34602
UpdatedFebruary 15th, 2011
TypeLand
Price$8,500,000

Property Description

198.5 Acres Available for Sale in Brooksville, Hernando County, Florida. The property is approximately a 1 hour drive from both Orlando and Tampa.

The property has a conditional plat approval in place for the development of 649 single family home lots in four phases. 300 of the home sites are pre-sold to a Miami, Florida based developer.

Approximately 5,250,000 truck cubic yards of marketable fill material exists on the site and is part of the sale. Fill material is a valuable commodity in Florida as it is needed to improve nearly every real estate development site. The value of the fill material alone is projected to be approximately $15,000,000.

The asking price for the property, including the fill material, is $8,500,000.


Financials