Lettuce Lakes is a fully entitled 35.15± acre residential development site located at 9881 & 9981 SW Lettuce Lake Avenue, Arcadia, Florida, approved for 208 townhome units. Positioned between Arcadia and Punta Gorda, the property sits within a rapidly growing corridor surrounded by new residential communities from nationally recognized builders. The site offers excellent access to U.S. Highway 17 and Interstate 75, balancing regional connectivity with a quiet, natural setting. Infrastructure is already underway, including partially completed roadways and installed water and sewer lines, supported by an active Environmental Resource Permit (ERP)—providing a significant head start on development. Zoned RMF-6 (6 units per acre), Lettuce Lakes supports single-family, multifamily, or assisted living development with the ability to accommodate approximately 211 units across the two parcels. With all approvals in place, the site offers a streamlined pathway to construction and is well-positioned for developers seeking a joint-venture opportunity. Located less than two miles from U.S. 17 and near the Peace River, the property is surrounded by robust residential growth and active builder activity. With entitlements and infrastructure in place, Lettuce Lakes is a shovel-ready opportunity for developers or investors looking to capture demand in Southwest Florida’s expanding housing market. ERU Note: The property conveys with 113 Water ERUs and 213 Wastewater ERUs, which provide utility capacity for development. These ERUs require additional fees, including impact fees and municipal utility connection fees, to obtain active water and sewer capacity.