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5612 County Road 48 - Serenby Subdivision, Okahumpka, FL

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5612 County Road 48 - Serenby Subdivision

Okahumpka, FL 34762 - Lake County Submarket

(1.9 MB)

Property Type:Land Parcel Size:128 Acres
For Sale Price:$2,950,000 Price/Acre:$23,047 Price/SF:$0.53

Proposed Use:Single Family Development

On-Site Improv:Raw land

Serenby is a vacant land project that consists of approximately 128 acres
that are fully entitled as PUD for 429 residential units. 14 acres are
wetland and 114 acres are usable acreage. The entitlements include 190
townhomes and 239 single-family lots. All concurrency permits and
construction plans are in place as well. The site is excellent for an activeadult
or a senior-living community with excellent access to downtown,
medical facilities, amenities such as golf courses, fishing and boating at
the lake, the country club and more. The property is an assemblage of
11 parcels located on the south side of County Road 48 in the city limits
of Leesburg which is one and a half miles from Highway 27, the major
thoroughfare serving the neighborhood, five miles from the Florida
Turnpike that crosses the state from north to south, approximately 15
miles from Mount Dora and 30 miles from Orlando. Residential
development in the neighborhood has been increasing rapidly over the
past few years and is expected to continue to grow at a slower pace
given the downturn in the housing market. Leesburg is a bedroom
community near Orlando that succeeded in keeping it's small town
charm. The area is highly desirable for retirees and the average income
families that are seeking an affordable living and quality of life. The
surrounding neighborhood includes several upscale communities,
active adults, country club and golf resorts and the Leesburg downtown
with major hospitals and medical facilities just minutes away. The close
proximity to major arteries such as Highway 27 and the Turnpike
makes it a convenient commute to the famous town of Mount Dora and
the city of Orlando.

Sale Notes:
The opportunity is to acquire a 127.93± acre property that is planned for 429 residential units in Okahumpka, FL. The
proposed product mix calls for 239 single family lots and 190 townhome lots. This property has substantial topography for
Florida which grant beautiful views of Lake Harris. The property is contiguous to Legacy of Leesburg, a 999 unit, active
adult community in the heart of the Leesburg 55+ and is near Highland Lakes & Arlington Ridge, both 55+ communities
on US 27.
The property currently consist of vacant groves, multiple mobile & single family homes, native pasture, and planted
hardwood trees. There are remnants of a previous agricultural use that has been abandoned.

Eshenbaugh Land Company
Bill A Eshenbaugh
(813) 287-8787 x1

Ryan S Sampson
(813) 287-8787 x4

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