5658 Us Hwy 90, Pace, FL 32571

$1,985,000
List Price
$1,985,000
MLS#
526391
Status
ACTIVE
Type
Land
Acres
50.8
City
Pace

Property Description

Rare residential development opportunity located in the heart of Pace, one of the state’s most rapidly growing communities. The 50.8 acre site is located on the north side of Highway 90, which is the main commuter artery through Pace and Milton, FL. The site has two access points on the east and west sides of the property, Lori Lane and Craig Street. The property is zoned R-1 Residential which permits 4 lots/acre. The owner has two conceptual plans which include a 200 lot plan and alternate plan which could enlarge the lots and create 136 lots. This is an excellent development site in Pace with the unique aspect of having the beautiful Pond Creek located on the north end of the property. The Pond Creek waterway and surrounding forest will serve as the perfect natural amenity and common area for a potential residential development and homeowners. The population growth in Pace has skyrocketed in the last decade to over 52,000 and continues to be a strong housing market with the close proximity to military bases and desirable features Pace has to offer.

Additional Information

High School
Milton
Waterfront Type
POND
Elementary School
Bennett C Russell
High School
Milton

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Berkshire Hathaway HomeServices PenFed Realty.

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