$3,300,000

44.2-ACRE PLANNED UNIT DEVELOPMENT (PUD) WITH PRIOR APPROVAL 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 PUD AGREEMENT HAS BEEN APPROVED BY THE CITY OF EDGEWATER WITH A DURATION OF 30-YEARS. SITE ENGINEERING PLANS AVAILABLE UPON REQUEST. THE PUD AGREEMENT WAS PERMITTED TO BE A PRIVATE GATED COMMUNITY WITH EITHER SINGLE-FAMILY RESIDENTIAL UNITS AND/OR TOWNHOUSE/DUPLEX UNITS AND PERMITS GOLF CARTS. HAD A DENSITY OF 3.09 UNITS/ACRE. LOTS ARE PERMITTED TO ADD THEIR OWN PRIVATE SWIMMING POOL. PUD AGREEMENT 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 ZONING. MUNICIPAL WATER/SEWER INFRASTRUCTURE IS ADJACENT TO THE DEVELOPMENT.