Sold Price: $2,560,000
Location: Levy County, Florida
Category: Hunting & Recreational Land, Investment, Investment Timberland
Improvements: 368 acres deep-water quarry lakes
Tax: $9,223.32 in 2017
Property Description
Recreational / Investment Property in Central Florida, west of Ocala. This property is formerly a quarry of Florida Rock and has 3 large quarry lakes comprising 368 total acres. The lakes are 135, 94 and 87 acres respectively. Water Rights in the state of Florida are becoming increasingly more valuable every year and private ownership of deep freshwater lakes of this scale represents significant upside in a rapidly growing state. This site offers development potential as a retreat or RV park offering miles of shoreline along the lakes and 829 acres of additional uplands and over 2 miles of frontage on paved 4-lane Hwy 19/98. Hwy 19/98 connects Tallahassee and Tampa along the Gulf Coast and is a major travel corridor. The Property is nearly surrounded by conservation properties or easements and has potential for a conservation easement and significant tax deduction for the new Owner. As a recreational property it offers an ideal size for hunting, managing timber and enjoying the lakes for recreation and fishing with convenient access from Orlando and Tampa and proximity to the Gulf via Cedar Key.
Broker Comments:
"The lakes and freshwater are the key to this properties’ value. The conservation potential is also a major benefit."
Hunter Brant, Selling Broker