345± AC Loma Linda East - Investment Land - Orlando Area

5500 Loma Linda Road Tavares, FL 32778

  • 345 Acres
  • Land
  • For Sale

Summary Description

  • Great location for future development in the City of Tavares, Lake County, where population growth is projected to be 47% higher than the state of Florida and 149% higher than the United States as a whole.
  • Ten years ago this tract was annexed and approved for 900 single-family residential lots. That Planned Development has expired.
  • The site is part of the Orlando-Kissimmee-Sanford CBSA, one of the fastest growing markets in the country, with a below average cost of living.
  • Demographics in the immediate area show an older population. Development of this area could have high appeal to the older, retired population looking for a reasonable cost of living, active lifestyle, in a tropical environment with numerous amenities. The adjacent Royal Harbor Community with 755 homes offers this, however, has been built out since 2008.
  • Multiple options and uses for development exist with lakefront access to Little Lake Harris. The bridge over SR 19 is being replaced at a cost of over $22 million, and will be completed in 2020 creating easier access to the area. Recommendations are for a single family community on the westside, and industrial or other business uses on the east side.
  • 14 minutes to the nearest hospital (Florida Hospital Waterman); 45 minute drive to Downtown Orlando; 50 minutes to Orlando International Airport
  • Efforts are underway to improve access to this property and four others

Property Status: For Sale

Area Available: 345 Acres

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