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Gunn Highway, Odessa, FL

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Gunn Highway

Odessa, FL 33556 - Northwest Tampa Submarket

Property Type:Land Parcel Size:80 Acres
For Sale Price:$7,900,000 Price/Acre:$98,750 Price/SF:$2.27

Proposed Use:Single Family Development

On-Site Improv:-

Sale Notes:
The Oliva Groves Parcel is comprised of approximately 89 acres of land with water frontage on Lake Fern and
bordered by Gunn Hwy on the north & east and Tarpon Springs Road on the south. Oliva Groves has been
platted into 13 lots ranging in size from 2.5 acres up to 7.2 acres. Of the 89 acres of land, 48.075 acres are
usable or saleable to parcel buyers. 19.5 acres of the total 89 acres is located within Lake Fern, 11.21 acres is
in equestrian/park common area easement called the Meadow. Also, 5 acres with commercial potential
wraps the Circle K at the corner of Gunn Hwy and Tarpon Springs Road. The price listed does not include the
5 acre commercial parcel The commercial parcel is FOR SALE at a price of $1,750,000.00. Total uplands on
this site is approximately 65 acres.
Lake Fern is a 30.6 acre Lake. Some water skiing/jet skiing is possible on this size of lake. The mean
depth of this lake is 12’ and the deepest area of the lake is 29’. The lake is more than a half mile across from
east to west and 4/10 of a mile from north to south.
The lots can not be sold separately at this time. A homeowners association still must be created. The
private road called L”Lago Lane must be constructed, and some type of wall with gated entries built along
Gunn Hwy and Tarpon Springs Road needs to be built to buffer and create the aura of exclusivity. Currently,
Hillsborough County water and sewer are not available to this area. Any new construction would have to be on
septic and well water. Owners will entertain offers.

Frank Burns Realty, Inc.
Robert Romano
(813) 877-7425

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