$1,000,000
$1,199,999
16.7%For more information regarding the value of a property, please contact us for a free consultation.
1,306 Sqft Lot
SOLD DATE : 07/05/2022
Key Details
Sold Price $1,000,000
Property Type Vacant Land
Sub Type Subdivision
Listing Status Sold
Purchase Type For Sale
Subdivision Meadow Oaks A Condo
MLS Listing ID L4924418
Sold Date 07/05/22
Condo Fees $395
Construction Status Financing
HOA Y/N No
Originating Board Stellar MLS
Annual Tax Amount $113
Lot Size 1,306 Sqft
Acres 0.03
Lot Dimensions 50 x 26
Property Description
Prime development opportunity! 42 pad ready Villas ready to build with all infrastructure in place. The current owner has gone before the COA Board and received approval for his style of building with a garage. Building is designed for 2 bedroom, 2 bathroom and a den/office. Owner estimates each completed Villa unit will sell for $205,000 to $220,000 depending on finishes. Or build them all and keep as a 42 unit rental property. Current owner has the majority vote for the association and is currently President of the COA. Other two Board Members are developer friendly. COA monthly fees do not start until Certificate of Occupancy is achieved for each Villa. Polk County Utility will show water and sewer locations. TECO Electric is the supplier. All underground lines and transformer in place. Current Owner has Soil Boring Reports, all good and ready to build today! Association has pool and club house. Association is responsible for all exterior maintenance and yard. Association also includes cable/internet.
Location
State FL
County Polk
Community Meadow Oaks A Condo
Exterior
Community Features Golf
Utilities Available Cable Available, Electrical Nearby, Electricity Available, Fire Hydrant, Phone Available, Public, Sewer Available, Sewer Nearby, Street Lights, Telephone Nearby, Underground Utilities, Water Available, Water Nearby
Amenities Available Cable TV, Clubhouse, Pool
Waterfront false
Building
Lot Description Buildable, Cleared, Compact Soil, In County, Level, Near Golf Course, Street Lights, Paved, Suburb
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Construction Status Financing
Others
Pets Allowed Yes
HOA Fee Include Cable TV, Pool, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Management, Pool
Ownership Condominium
Monthly Total Fees $395
Acceptable Financing Cash
Membership Fee Required None
Listing Terms Cash
Special Listing Condition None
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