Property Description

Under contract-accepting backup offers. 44.2-acre Planned Unit Development (PUD) that had previous approvals for 109 residential units with a lake and 4.7-acres of commercial parcel with 688 feet of Ridgewood/US 1 frontage. The location is a growing area of Edgewater. It is also across the street from a future park that will have parking and boat ramps launching into the Indian River adjacent to the Mosquito Lagoon which is known for as being the Redfish Capital. Only a 15-minute drive to the beaches, 30-minutes to Daytona Beach, 45-minutes to Kennedy Space Center and just a little over 1-hour to all the central Florida theme parks. The previously approved PUD agreement has since expired but is a beginning framework to work from. Site engineering plans available upon request. The PUD Agreement was permitted to be a private gated community with a mix of single-family residential units and townhouse/duplex units and permitted golf carts within the private community. Had a density of 3.09 units/acre. Lots were permitted to add their own private swimming pool. The PUD plans required for three active and passive recreation areas including a community clubhouse with a swimming pool. The included 4.74-acre commercial parcel is adjacent to the residential development is with the benefits of B-3 commercial zoning. Municipal water/sewer infrastructure is adjacent to the development.