De Soto County Florida - Land, Farms & Ranches - Property ID: 3682409

Property ID: 3682409 - De Soto County Florida


Property ID: 3682409 - De Soto County Florida

Property ID: 3682409

County: De Soto

Type: Residential Property

Acres: 303.74

Address: 10624 Peace River Street

City: Arcadia

State: Florida

Zip: 34269

Price: $7,100,000.00

Status: Available
Description: Location: The subject property is located at 10624 Peace River road in Desoto County approximatly 4 miles north of I-75 on Kings Highway. The subject has frontage on Peace River Road and Kings Highway. Zoning: PUD The subject has zoning with a PUD overlay. The site has a master concept plan with a product mix of Single Family 317 units Duplex 74 units 21 foot Townhome 113 units 23 foot Townhome 178 units Coach homes 376 units 21 foot Townhomes 113 units The property has Ag taxes Tax ID / Seller Information: Desoto County Tax ID: 21-39-23-0000-0107-0000, 21-39-23-0000-0108-0000, 21-39-23-0000-0125-0000, 21-39-23-0000-0130-0000, 21-39-23-0000-0301-0000, 21-39-23-0000-0302-0000, 21-39-23-0000-0303-0000, 21-39-23-0000-0304-0000, 21-39-23-0000-0305-0000, 21-39-23-0000-0306-0000, 21-39-23-0000-0401-0000, 21-39-23-0000-0402-0000, 21-39-23-0000-0403-0000, 21-39-23-0000-1051-0000 The subject property consists of 14 separate parcels totaling 303.74 acres. The attractiveness of this property is increased with a significant amount of engineering for a residential community and a favorable ratio of 25 percent wetlands to be preserved on site. The property has an active Environmental Resource Permit (ERP). Two homes are located on the property, each valued at over $250,000. The houses are leased and the leasing payments cover the current property expenses associated with holding this property. The majority of the property is being used now as grazing land. In close proximity to the site, there is a significant amount of commercial infrastructure situated around I-75. Big-box stores such as Super Wal-Mart and Publix and other national and regional retailers are within a five mile radius of the site. Nearby malls include Fishermens Village (4.7 miles), Port Charlotte Town Center (8 miles), and Edison Mall (30 miles). The closest airport is located in Punta Gorda approximately nine miles south of the site via I-75. This airport offers service to the mid-west and northeast United States and services 600,000 plus passengers a year. In addition, the Southwest International Airport in Fort Myers is 48 miles (less than an hour) from the property. There are a number of retirement-oriented communities along Kings Highway from I-75 to Peace River Street. Also available near the property are natural preserves and public recreation e.g., a marina, a park, and a boat ramp. Please refer to the retail map below showing the locations of some local retailers. The subject was parceled together by the previous owners in 2006 for the purpose of development. The group took the land through zoning and engineering and came up with a conceptual plan for a residential community with 1,058+ units.


Contact Name: Justin Thibaut, Director of Sales

Phone Number: 239-489-4066

Address1: 10471 Six Mile Cypress Pkwy

City: Fort Myers

State: FL

Zip: 33966

NOTE: The information contained herein is provided as general information only and has been obtained from sources deemed reliable. It is provided without any guaranty, warranty or representation, expressed or implied, made by Lands of America who specializes in land for sale, or any related entity, as to the accuracy or completeness of the information. The information is presented subject to errors, omissions, change of price or conditions, prior sale or withdrawal without notice. Prospective purchasers should make their own investigations, projections and conclusions concerning the information.