Pinewood Dr

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Address: Pinewood Dr, New Port Richey, FL 34652, USA

Florida & Gulf Coast + Land/Development

Created date: November 26, 2024

Date last updated: December 4, 2024

Seller financing available
Comprised of 20 parcels with FLU MDR-14
Approved site plans for a 28 townhome development
Seller has already started the permitting process
Strategic architectural designs in place if you choose to use them or bring your own creative ideas
Located immediately off of US Highway 19
Site is situated in area experiencing growth with huge upside
Opportunity to obtain land below appraised value
All DD documents are available after signing Confidentiality Agreement via link

Property Description

This 3.67-acre PRIME vacant land comprised of 20 parcels on Pinewood Dr in the Timber Woods subdivision of New Port Richey is a rare and valuable investment opportunity located off US Highway 19 with direct access via Avery Road. This site has been recently zoned PDD (REZ2022-04), with approved plans for a 28 unit townhome development. The parcel has 0.4 acres of conservation area, ensuring maximum usable space for residential development. Situated in a Flood Zone AE, the current architectural design has the living quarters elevated over 10 feet to mitigate flooding potential while maintaining functionality. Utilities such as water, sewer, and electricity are nearby and accessible. The seller has already begun the permitting process and has architectural drawings available for review. Buyer will be responsible for SWFWMD permit and tree mitigation. Growth Potential: New Port Richey’s proximity to the Tampa-St. Petersburg-Clearwater metro area and ongoing infrastructure improvements are driving population growth. As the area continues to evolve, it is expected to attract both renters and buyers seeking market rate and affordable housing options within a short commute to larger urban centers. **SELLER FINANCING AVAILABLE**

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Land/Development
Price:	$650,000
Lot Size:	3.67 Sq ft
Opportunity Zone:	No
Property Website	Click Here